Davos Newbies

Brad DeLong is a national treasure:

Today, buttermilk-fried petrale sole with pickled vegetables and parsley mayonnaise, served at Chez Panisse Café, costs the same share of a day-laborer’s earnings as the raw ingredients for two big bowls of oatmeal did in the 18th Century.

Read the whole thing to gain a better understanding of what Brad terms “our economic appetite”.