POTATO – The World’s First Smart Potato


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An evening pause: Reminds me of every single commercial I see on television these days. Only smarter.

Hat tip Mike Nelson.

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4 comments

  • Alex Andrite

    I will wait to order mine.
    As I am still training my Pet Rock.

  • Marc J Atteberry

    DONOVAN
    Electrical Banana

  • Dick Eagleson

    Personally, I welcome our new Irish and Idahoan Overlords.

  • wayne

    Dick–
    That, is Hilarious!

    Let’s slip some Education in here….

    “Giffen Goods”
    https://youtu.be/J-3Y1m5Q45A
    13:27
    “A Giffen good is a low income, non-luxury product that defies standard economic and consumer demand theory. Demand for Giffen goods rises when the price rises and falls when the price falls. In econometrics, this results in an upward-sloping demand curve, contrary to the fundamental laws of demand which create a downward sloping demand curve.”
    —“Some examples of giffen goods that economists have identified include agricultural staples such as: potatoes, rice, and corn.”
    (On the other hand….) [my Kingdom for a one-handed Economist!]
    “Potatoes during the Irish Great Famine were once considered to be an example of a Giffen good. However, Gerald P. Dwyer and Cotton M. Lindsey challenged this idea in their 1984 article “Robert Giffen and the Irish Potato,” where they showed the contradicting nature of the Giffen “legend” with respect to historical evidence.”
    “The Giffen nature of the Irish potato was also later discredited by Sherwin Rosen of the University of Chicago in his 1999 paper “Potato Paradoxes.” Rosen showed that the phenomenon could be explained by a normal demand model.
    “Charles Read has shown with quantitative evidence that bacon-pigs showed Giffen-style behavior during the Irish Famine, but that potatoes did not.”

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