Monthly Archives: February 2015

The Tragedy of Success

Germany’s Parliament agreed to continue to bailout Greece for the next four months. However, in this process, the socioeconomic tone-deafness of Berlin became, well, deafening. From accusations that Greece is trying to dictate the Eurozone’s future, to calling Greece a … Continue reading

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Walmart and the Statistically Graveyard Dead (Wonkish)

It’s great news that Walmart is going to be raising the floor wages of all of its workers to $10 per hour. However, there are some Wall Streeters that are saying that it’s great for the labor market as a … Continue reading

Posted in Demand, Economics, Labor, Markets, Statistics, Wages | Leave a comment

The Economy Equals Wall Street

Some conservative economists from the University of Chicago decided to get their name in the New York Post by claiming that 20% of last quarter’s GDP growth was because of the consumption of Obamacare, thus blaming health insurance for conflated … Continue reading

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In Economics, It’s Human Nature to Poop Our Pants

Nobel prize wining Economist, Robert Schiller is wondering why the general public hates economists so much, and attempts (poorly) to blame the public. He writes: “One reason may be the perception that many economists were smugly promoting the ‘efficient markets … Continue reading

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