The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design. - F.A. Hayek
Posted in Economic Illiteracy, Extended Order on Sep 10th, 2007
Respond to them. It gets tiring being preached to, and since these mails are usually sent by folks who are usually jazzed up about things, they might actually read what you wrote. Here is how I responded to a letter asking me to boycott Starbucks for apparently telling some troops in Iraq that they, as […]
Posted in Economic Illiteracy, Economics Problems on Aug 3rd, 2007
The List: Five Lies My Economist Told Me
From Foreign Policy Magazine.
Posted in Economic Illiteracy on Jul 19th, 2007
Rep. Howard P. (Buck) McKeon (D-Calif.) said in introducing cost-control legislation last winter. “Colleges and universities themselves must be held accountable for their role in increasing tuition and fees year in and year out.”
What holds shoe companies accountable? Or Dell? Or Apple? Or Barnes and Noble? Is it Buck McKeon and his enlightened brethren in […]
Posted in Economic Illiteracy on Jul 18th, 2007
“The subsidy level would be set by the open market, not by student loan industry lobbyists.”
Here is the source.
Posted in Economic Illiteracy, Health Care, Inequality on Mar 29th, 2007
Not to call out anyone personally, but two responses to my kidney article are telling. The first is from the spouse of a friend, who upon reading it said, “It just feels wrong.” That does not surprise me - it is hard to get one’s mind around markets in organs. What does get my knickers […]
Posted in Economic Illiteracy on Jan 13th, 2007
A colleague and I have just published this column in our local paper. Surprising that it got in, but nor surprising is the intial reader reaction - not one comment in the economics or the issues we raise, rather a plea to “give him time” before railing on him. Typical in this country - it […]
Posted in Economic Illiteracy on Dec 29th, 2006
Is to never become an AP Economics writer. I have never read more bunk from one source on my entire life. In yet another article riddled with unfounded assertions, errors and outright ignorance, this AP writer thinks she is the second coming of Upton Sinclair. You cannot blame her for trying to make a story […]
Posted in Economic Illiteracy on Nov 14th, 2005
Let it be noted that for many years I had a personal aversion to Wal-Mart, and that I am currently neither a stockholder nor an employee of Wal-Mart, so what follows is merely a result of my careful thinking and research about the issues.
Once again, a great deal of attention is being paid to how […]
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