This is part two of the ongoing economics myths series. A common refrain among the media these days is that ‘America is in decline’ or that the ‘dollar is going to become obsolete’. The Economist has jumped onto the dollar-is-doomed bandwagon, with the article The primacy of the US dollar looks unsustainable, which offers no… Continue reading Economics Myths, Part 2: America Is In Decline/The Dollar Is Weak
Month: October 2015
Economics Myths, Part 1: Budget Surpluses Are Always Good
This is the first post of a multi-part series of common economics misconceptions. Economics may be the ‘gloomy science’, but it also tends to be a counterintuitive one as well. The media, often ignorant about the intricacies of macroeconomics, unwittingly spread these fallacies to the general public, as well as regurgitated by politicians who, like… Continue reading Economics Myths, Part 1: Budget Surpluses Are Always Good
The New Mainstream Media
As I’ve mentioned before, there are three ‘great debates’ raging online now: the debate about economics and automation, the debate over college and whether or not it’s worth it, and the SJW/gamergate one, which is related to the ongoing online implosion of the SJW movement. The SJWs are losing their war on Gamergate that is… Continue reading The New Mainstream Media