Friday , January 21 2022
Home / Tag Archives: Myths and Fallacies

Tag Archives: Myths and Fallacies

What Employers Buy

Here’s a letter to a high-school student in Nevada: Mr. D__: Thanks very much for your e-mail and for reading my blog. I’m delighted that you find it useful. You write that you think your economics teacher is “wrong when she teaches us that very low wages paid manufacturing workers in poor countries don’t give unfair advantages to our foreign competitors over in those countries.” In fact your teacher is correct. But can you tell me the argument she used to justify that correct...

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Some Non-Covid Links

My intrepid Mercatus Center colleague Veronique de Rugy continues her on-going effort to expose the shenanigans and power-lust of that great geyser of cronyism, the U.S. Export-Import Bank. Phil Magness, in a piece that originally appeared in National Review, eviscerates the take of practitioners of the so-called “New History of Capitalism” on the connection between slavery and capitalism. Two slices: The NHC came under intense fire from other experts, and not only for its...

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More Panic Porn

Here’s a letter to Stars and Stripes: Editor: To support their panicked conclusion that omicron is so very dangerous that we cannot hope to live with it as we live with the flu, Emily DeRuy and Harriet Blair Rowan offer only one piece of evidence related to omicron (“Think COVID is becoming like the flu? Here’s how much worse it still is,” Jan. 19). That evidence is a statement from UC-Berkeley emeritus professor John Swartzberg, who told them that “Omicron is more deadly than the flu,”...

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Some Covid Links

New Civil Liberties Alliance attorney Jenin Younes explains that Covid mandates are not about health; they’re about political control. A slice: But over the past month or so, it has become inescapable that sheer incompetence and ignorance can no longer be the sole explanation for two years of bungled policies. Rather, the craven mindset of many of our leaders in both parties (albeit primarily Democrats) is manifest. They are using our bodies to score cheap political points, impervious to...

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Quotation of the Day…

… is from page 164 of the 2012 revised and updated edition of Steven Landsburg’s excellent The Armchair Economist; it appears in a chapter in which Landsburg discusses a file that he keeps of mistaken economic commentary: A few years ago a Florida frost caused the price of oranges to rise so high that growers earned more income than usual. One commentator earned a place in the Sound and Fury file by suggesting that the enormous price increase reveals the growers’ ability to act as a...

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Quotation of the Day…

… is from page 319 of Deirdre N. McCloskey’s insight-filled 1994 collection, Knowledge and Persuasion in Economics: Notice the pattern that the critics are falling into; it is a modern trope, apparent from the philosophy seminar to The Times, fiercely demanding Truth with a big T the better to assault someone else’s truth with a small t, making the ideal the enemy of the good. To repeat, no one from Plato down to the present has been able to say how we mortals would know an ideal, big-T...

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In Praise of Jurisdictional Competition

Here’s a letter to an unhappy reader of the Wall Street Journal: Mr. K__: You’re “disappointed with” my “ridiculous letter” in today’s Wall Street Journal – your reason being that my letter allegedly reveals that I am “uninterested in the public good.” Specifically, you accuse me of failing to see that people who migrate from states with draconian Covid restrictions to states with lighter restrictions “selfishly seek license to live like they wish and avoid helping pay the cost of...

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Some Non-Covid Links

Arnold Kling wisely reviews Jonathan Rauch’s new book, The Constitution of Knowledge. A slice: If Rauch has a blind spot, it is that he overlooks the deterioration that has taken place within twentieth-century institutions. He is unable or unwilling to recognize institutional decay. As one trivial example, Rauch quotes Lisa Page in one place and Peter Strzok elsewhere to buttress minor points. Rauch refers to each only as “a former FBI agent.” In fact, they were infamously lovers who...

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