My kind of economist is one who consistently references Phish.

Mr. Greenhaus, who has seen more than 80 Phish concerts since 1995, said the references were just his natural way of speaking. Since 2009, he has surreptitiously quoted Phish on Bloomberg Radio, Fox Business News and CNBC. “It’s second nature to a large degree,” he said. “It’s just part of my vernacular.”

Here’s another example of drink prices adjusting to supply and demand. This one coming from Michigan brewer Bell’s.

The prices will never go higher than around 10 percent the base cost, but will drop to as much as 50 percent below base cost.  For example, a Bell’s Two-Hearted Ale may be $3 normally. But, depending on the “market” activity (i.e. patrons buying tendencies) it could be as much as $3.25 or as little as $1.50 (prices fluctuate in increments of 25 cents). The prices will change every 15 minutes and there will be, at random, a “stock market crash” — signified by air horns — when all 28 beers are sold at a low rate for five minutes.

I think coffee shops could employ this strategy as well.

ps, Bell’s Two-Hearted Ale is gooood.

I’d drink here all the time. A New York bar will be adjusting its drink prices based on supply and demand. Buy low!

It’s supply and demand. If everyone is drinking one thing, the price will go up in 25-cent increments. There will be a list of beers that will start out at $6. As people buy them, the prices will go as high as $8 or as low as $4, based on their demand.

I wonder if I can “invest” in the drinks. Or create some securitized drink menu? CDO = Collateralized Drink Obligation. The possibilities are endless.