How is it possible a small blog has a more accurate and longer running track record than professional pundits, with their adulation, media appearances, and books? Looking back through the post archives, with few exceptions, all of our predictions came true. This is because we only care about the hard economic data and, secondly, the… Continue reading Revisiting Correct Predictions

The most liberal person in the world says there is no tech skill shortage, implying that the h-1b visa cap shouldn’t be raised. But the tech shortage is real. According to a study conducted by CareerBuilder, IT jobs in the U.S. grew by 13 percent from 2002 to 2013, but the number of people who… Continue reading The Free Market Case For More Immigration

Through observation, the most popular topics as measured by comments and pageviews are posts that are critical of higher education or student loans, posts that are about IQ or standardized testing, and lastly, minimum wages, basic income and Obamacare. This theory was affirmed when the half-pint Robert Reich published a satirical college commencement speech on… Continue reading Sorry, No Student Loan Bubble

A common criticism of economists, and the economics field in general, is that they, the economists, ‘failed to see the crisis’. But is this really important or just a red herring used to sling mud at an important profession? Because they didn’t predict, ergo the models are wrong and economists are wrong. Case closed. Economists… Continue reading Why Economists Don’t Need To Be Able To Predict