http://www.cjr.org/the_audit/a_big_mac_miss_by_the_huffingt.php
On top of that, liberals don't understand economics in any micro or macro fashion. Rises in costs lead to a rise in price. It's a vicious circle and the only way to take advantage is to be at the margin, the delay between a cost increase and the ripple-effect rise in price. Otherwise, raising wages without increasing real production and consumption have no effect.
68 cent Big Mac: HuffPo Relies On Unconfirmed Undergrad Work
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68 cent Big Mac: HuffPo Relies On Unconfirmed Undergrad Work
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Re: 68 cent Big Mac: HuffPo Relies On Unconfirmed Undergrad
bcspace wrote:http://www.cjr.org/the_audit/a_big_mac_miss_by_the_huffingt.php
On top of that, liberals don't understand economics in any micro or macro fashion.
If only we could get a liberal or two to read Economics by Paul Samuelson.
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Re: 68 cent Big Mac: HuffPo Relies On Unconfirmed Undergrad
Analytics wrote:bcspace wrote:http://www.cjr.org/the_audit/a_big_mac_miss_by_the_huffingt.php
On top of that, liberals don't understand economics in any micro or macro fashion.
If only we could get a liberal or two to read Economics by Paul Samuelson.
better to read Economics in One Lesson, by Henry Hazlett, followed by Basic Economics, by Thomas Sowell, followed by Human Action and then The Anti-Capitalist Mentality, by Ludwig Von Mises. Friedman's Capitalism and Freedom and Free to Choose are also excellent.
Somewhere in here, one must read and understand Government and The Law, by Frédéric Bastiat.
Also required reading would be George Reisman's magnum opus Capitalism. I haven't read it yet, but in pursuing parts of it in my own copy, it looks to be a foundational text.
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Re: 68 cent Big Mac: HuffPo Relies On Unconfirmed Undergrad
If only we could get a liberal or two to read Economics by Paul Samuelson.
Do liberals even read? Any language but Newspeak?
Machina Sublime
Satan's Plan Deconstructed.
Your Best Resource On Joseph Smith's Polygamy.
Conservatism is the Gospel of Christ and the Plan of Salvation in Action.
The Degeneracy Of Progressivism.
Satan's Plan Deconstructed.
Your Best Resource On Joseph Smith's Polygamy.
Conservatism is the Gospel of Christ and the Plan of Salvation in Action.
The Degeneracy Of Progressivism.