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Robert F. Graboyes's avatar

The beer market may well be the original spark that drew me away from newspaper journalism and into economics. I had decided that a good newspaperman had to understand some economics, so I enrolled in some classes. One of them was a course in antitrust. Among other things, we studied Falstaff's takeover of Narragansett, the subsequent United States v. Falstaff Brewing Corp. (1973) ruling and the whole question of how one defines a market. The material and the teacher hooked me, so I went off a year later to Columbia to get a PhD in economics. A key theme of the class discussion was the banality of American beer at that time.

By the way, at UVa (1972-76), my fraternity repurposed a Coke machine to dispense beers for 25c. There were four slots of bottles, which we designated Schlitz, Budweiser, Miller, and "Wildcard." The later was filled with odd brands the brothers would bring back after vacations. Rolling Rock, Coors, etc. Whatever was NOT available in Charlottesville. Soon, it was apparent that people were desperate for the unusual and would ONLY push WILDCARD, so we filled the machine with a jumble of small-brand beers. Just to make things interesting, every 10th or 12th bottle was Champale, which everyone hated. Someone would drop his quarter in, hear all the machinery moving and clunking, and watch as a random can would tumbled out. THen, you'd hear cussing and gnashing of teeth, and the sad purchaser would travel around deliriously trying to see his Champale for whatever he could get.

Years later, Charlottesville became a haven fro craft brewers--including WIlliam Faulkner's daughter, Jill.

Bob at Bastiat's Window

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Michael Lutz's avatar

What I love about the craft brewery revolution is the appearance of quality darker beers: Porters, Stouts (including Imperial Stouts), Brown Ales, and Scotch Ales. If you can't chew the beer then it's probably not worth drinking, IMHO.

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