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Category Archives: Economy
The Ignorance of Ocasio-Cortez
Alexandria Ocasio-Cortez, the 29-year old newly elected Congresswoman from New York, demonstrates her ignorance pretty much every single time she opens her mouth. She is said to have graduated from Boston University with a bachelor’s degree in international relations and … Continue reading
Posted in Economics, Economy, Politics
Tagged Amanda Marcotte, income inequality, marginal tax rates, Ocasio-Cortez, redistribution
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Authoritarian Propaganda
In a recent column in the Washington Post, Steven Pearlstein questions whether someone such as Steve Schwarzman, co-founder of the Blackstone Group, deserve his extraordinary compensation ($786.5 million in 2018) (see here). Of course, the ultra-liberal Pearlstein’s answer is no. … Continue reading
Posted in Economy, Politics
Tagged distribution of income, inequality, Steven Pearlstein
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How Liberals Misunderstand The Gender Wage Gap
Listening to liberals discuss the gender pay gap in sports provides a great opportunity to see them misunderstand how the world works. Based on the recent pay controversies in tennis and soccer, liberals seem to think that women who do … Continue reading
Posted in Economy, Politics, Sports
Tagged gender pay gap, sexism, tennis equal pay, U.S. Women's Soccer
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FCC Regulation Of Broadband Is Unnecessary
At the end of this month, the Federal Communications Commission will meet to consider whether to issue new rules to regulate the Internet. Under the pretense of maintaining “net neutrality,” the rules would prevent broadband suppliers from blocking the Internet, slowing down service, or creating “fast lanes” for … Continue reading
Minimum Wage Incoherence
As of the beginning of 2015, twenty-one states raised their minimum wage levels, ranging from 15 cents an hour in Washington state to $1.25 in South Dakota, and liberals are celebrating. As Steven Pearlstein of the Washington Post sees it, and he … Continue reading
Sugar, Sugar
The Democrats may have lost the mid-term elections, but that hasn’t kept liberals from continuing to demand that the president act unilaterally (never mind Congress and all that inconvenient democracy stuff) to force more of the liberal agenda upon all of us. We have all heard … Continue reading
Posted in Economy, Politics
Tagged cell aging, food policy, soda consumption, sugar, sugar consumption
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Liberals Attacking Amazon
The success of Walmart has provoked attacks from liberals for some time, despite the benefits that Walmart provides to consumers, and now liberals are turning their attention to Amazon’s success. For example, in a recent article in The New Republic, editor Franklin Foer labels Amazon a “monopolist” that … Continue reading
Posted in Economy, Politics
Tagged Amazon, antitrust, Franklin Foer, monopoly, monopsony
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The Gender Pay Gap
Liberals, such as those at the New Republic, are still clinging to that 77% statistic when writing about the gender pay gap, you know, the one where liberals claim that women earn only 77% of what men earn, implying discrimination (see here). The number is ambiguous and misleading, but that doesn’t stop liberals … Continue reading
Posted in Economy, Politics
Tagged discrimination, equal pay, gender discrimination, gender pay gap
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Not Getting Science
Oh dear, Austin Frakt of the liberal healthcare blog The Determined Statist (a.k.a. The Incidental Economist) is deeply saddened by the Supreme Court’s recent Hobby Lobby decision (see here). In that case, the court ruled that the government could not … Continue reading
Competition Deniers Strike Again
The recent agreement in principle between Partners Healthcare (a hospital system in the Boston area) and Massachusetts Attorney General Martha Coakley is a good example of how liberals view competition and go about enforcing the antitrust laws, which is to say they don’t enforce them at … Continue reading
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