Are You Plane Rich? An Example of Marginal Analysis

Ijust returned from a long weekend in the Caribbean, attempting to recreate the scenery of (and a few scenes from) The Bachelor. Given the ubiquity of Wi-Fi coverage, I was able to stay connected with my favorite newspapers and magazines: iPhone in one hand, Mojito in the other. Just as I was feeling like a one-percenter, I stumbled upon a story about Newt Gingrich’s propensity to use private air travel. According to the Post, “for at least two years [Gingrich] insisted upon flying private charter jets everywhere he traveled, with most of the costs—ranging from $30,000 to $45,000 per trip—billed to [his company] American Solutions.”

Read the full piece here.