There are no economists at ThisWeekInStupid. But, that’s not going to stop us from weighing in any more than it stops economic ignoramuses like Paul Ryan, Bernie Sanders or Peter Schiff. Recently, we penned a piece opposing a minimum wage hike, or at least suggesting that there were plenty of other ways to help minimum […]
Today, we’re indulging a conservative fantasy. Let’s examine what it would take to swing the 2012 election with fraudulent votes. The vote in Florida came down to 78,000 votes–a fairly narrow margin. If I were the Obama campaign looking to steal the election, that’s the easiest state to flip. Now, the problem is that penalties […]
When it comes to public goods, a little math goes a long way toward appreciating that opinions about public spending are a continuum and that pretending the market is always right (or always wrong) has real consequences.
I recently had my appendix removed. I’m told a typical appendectomy costs $25,000–a lot of money no matter who you are. But whether it had cost $100 or $100,000, I still would have bought exactly one appendectomy. The demand curve for appendectomies…