Homines libenter quod volunt credunt
Posted in Economic Illiteracy on Oct 25th, 2014
We like to anthropomorphize it, so please indulge me for a moment. “The U.S.” PRODUCES about 1/4 of the total income of the entire world, but it only has about 1/20th of the world’s population.
Posted in You Can't Have it Both Ways on Oct 25th, 2014
I vaguely recall people arguing, during the health care “debates” that the increased cost of health care puts American firms at a disadvantage and hurts American workers because health costs eat up so much of the firms’ labor costs – so pay is lower than it otherwise would be, and firms have to skimp on […]
