Well, This is Embarrassing

Harvard economics chair Greg Mankiw has decided to repeat incorrect right-wing talking points that defy common sense. Yesterday he posted (and this is the entire post, not an excerpt): John Lott points out the following: “So far this year there have been 848,000 new jobs. Of those, 813,000 are part time jobs…. To put it differently, […]

How are jobs created?

In the wake of the financial crisis in 2008, there’s been a lot of bad economics floating around. Perhaps none is more prevalent in certain circles than the idea that rich people are job-creators; after all, when was the last time a poor person offered you a job? This entirely misunderstands our modern economic system. […]

Why the Keystone XL Pipeline decision is not as important as you might think

First of all, the Keystone XL decision is not as final as either supporters or proponents might have you believe. All the administration is doing is saying that the pipeline can’t go through the Nebraska sandhills. TransCanada will be able to submit a new proposal that routes the pipeline around the sandhills. Second, the impacts […]