1. My default view of economic policy, even very effective policy, is that at best policy changes move us only a little bit of the way toward our stated goals as compared to an array of far larger and more important forces. These forces are often beyond our control, including biological ones, and include cultural […]
Category Archive for 'Economic Illiteracy'
We’ll have more to say on activists in a bit, but the comments toward the end of this piece by this anti-neoliberal anti-ecb activist struck a chord. One reason she and others like her are upset is that the ECB is anti-democratic. While I personally believe direct democracy would be undesirable I am a fan […]
Our governor here in NY touts (righly, if I might say so) the benefits of the explosion of craft brewing in New York State. We have said time and time again that New York produces some of the best craft beverages anywhere, and this report backs up exactly why we are focusing on growing these […]
I suspect that when people think about classical liberally-ish people, this is the association they make: Regardless, I wonder why it’s socially acceptable to denigrate such denizens?
Posted in Economic Illiteracy on Apr 13th, 2015
I just finished reading another paper (from a student) and it contains a sentiment that I have seen expressed time and time again: Smith original believing [sic] that the market always self-regulates and moves into a magical equilibrium Where is the evidence for this view? And just where are folks learning that this is in […]
The minimum wage is an awful anti-poverty measure. This is not shocking. The latest research from Tom MaCurdy at Stanford illustrates pretty vividly what any Intro Econ student from my classes has understood for a long time. Even if you grant the point that increases in the minimum wage do not have much of an […]
“Let us mark this Holy Week by declaring the death to the unholy trinity of white supremacist, capitalist, heteropatriarchy. And once these systems die, may they die once and for all, never to be resurrected.” More here.
Sunlight is classified as a group 1 carcinogen. Also included in that group are things like asbestos. By the way, all you can know from this fact is that sunlight exposure poses non-zero risks of disease contraction – it does not mean that exposure to sunlight is going to cause the same or as damaging […]
(1) Corporations like Walmart disproportionately benefit from the existence of antipoverty programs like Medicaid and Food Stamps. Why? Because when these are available to people, Walmart does not have to provide people with a wage that, alone, would be enough for these workers to sustain themselves since the government is already providing it. (2) Corporations […]
Tim Taylor summarizes the data from the Center for Responsive Politics: Total spending for the 2014 Congressional races looks like it will come in at about $4 billion, quite similar to the amount spent in 2012 and 2010. In the context of a high-income country with a population of nearly 320 million, this is not […]