Tuesday, October 6, 2009
The question --- Why are the wowsers wrong?
The answer --- Tom Waits
What do you get when you mix tom waits, 1/2 a bottle of scotch , a hand full of anonymous prescription drugs and packet of cigarettes on a stage with nothing but a microphone ... answer one of the greatest live performances of the last half century .
If not the greatest ... you have to admit the coolest. I'm a middle aged economist with a bad haircut. I don't smoke and like any true libertarian there is no way on earth i am going to allow my children to smoke... but i have to admit deep down that there is something cool about guy like tom puffing away while he belts out a tune.
The positive value created by this one performance must equate to at least 50 disability adjusted life years.
Alcohol and other mood altering substances have a long and proud history, they are a a fundamental part of the human experience and its about time that the positive externalities associated with their consumption be factored into cost benefit analysis and more specifically preventative health studies.