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Daily Archive for October 24th, 2014

Big News: European Nations Agree to Reduce the Cost of American Fossil Fuel Resources

Posted in Central Planning, Economic Illiteracy, Environment, Price System, Public Choice on Oct 24th, 2014

Story is here. Note, too, that this is an “agreement” which means it will not actually be enforced. My prediction: emissions will fall despite this “agreement” not being enforced, and policymakers will take credit for the incredible progress “they’ve” made. But this is undeniably great news for Americans and energy poor people around the planet. […]

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Friday “Funny”

Posted in Economic Illiteracy, Economics Problems, Inequality, media, Methodology, Standards of Living on Oct 24th, 2014

If the income and wealth of every single American were to double over the next decade in REAL terms, then in a decade, the amount of measured poverty would remain unchanged. You’d also very likely see no change in inequality according to the way most people talk about it, i.e. “the income share of the […]

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