The Economics of the Cupcake

Remember those pictures from the Depression of men in threadbare coats selling apples on street corners? Daniel Gross has spotted a trend that may be the Bush Recession equivalent: cupcakes. I haven't seen this locally, but maybe the north end of Colorado Springs is just too suburban for such a trend to catch hold. Gross has a number of reasons for thinking that the cupcake boomlet is too sweet to last.