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Category Archive for 'Economic Illiteracy'

This sort of article is either why I started blogging in the first place, or am on the verge of quitting. It’s extraordinarily disingenuous and frustrating. Here is one example: With unions only a distant memory for many people, federal minimum-wage legislation has become the best hope for propping up wages for low-income workers. And […]

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Should the likes of Donald Trump and his economic ilk ever choose to be intellectually consistent, particularly with their view that trading with human beings who happen to reside in other countries is bad for human beings who happen to reside within the borders of the United States, then surely they should ban the following: […]

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Now, reporters don’t usually write their own headlines, but this is just out there: Here is the longer piece. The headline makes it appear that all 600,000 residents of Las Vegas are getting solar power. Of course, you have to read the fine print that tells us only all municipal facilities are using renewable energy. That’s a […]

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I would love to run a series of posts that simply ask readers to guess whether or not the information is from the Onion. Maybe this one is too obvious, but here goes. Suggestions for Eliminating Food “Waste” “Avoid impulse buying by only going to the grocery store for one ingredient at a time. Hire […]

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DD sends me the following article which suggests that Uber is losing quite a bit of money, is not going to turn profitable, and presumably is the worst thing to ever happen to America. Two quick points, should you care to read through the article. The author argues (and I am not sure I disagree […]

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Today’s post is a sort of variation on the response I would give (and have given in the past) to the slur, “You didn’t build that.” In political matters, I am sure you have had invoked on you, at one time or another, the idea that the government has legitimate authority to coerce an individual […]

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You knew that train would be coming to the station soon. Here is the reference, via Marginal Revolution. It is endlessly frustrating to see even the best economists confuse “solving” climate change with “reducing” CO2. Now, you MAY want to do that, but all that the economics of climate change recommends is that “we” pay […]

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There are 152 million Americans with jobs today. There are 2.6 million of these workers making the minimum wage, or less (federal). So, double it so that I cover all of the states that have higher wages and to be conservative. What is your explanation for why 96.5% of workers, or about 147 million workers, […]

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Folks, remember, the Presidency doesn’t matter much – but I do think there is some writing on the wall from what we see from the messages that have resonated with voters … … we are a country of economic illiterates (and statistical ones too – ahem, polling and uncertainty bands anyone?). If there was ever […]

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Via David Henderson this morning: “If our antidumping laws applied to U.S. companies, every after-Christmas sale in the country would be banned.” That is from trade economist Jagdish Bhagwati   And here is another, this time from someone less famous whom you know a bit better: “Recycling enthusiasts should be the world’s most ardent free-traders.” […]

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