Previous in Lies, Damned Lies and Statistics Series: Part 9: The BMI
On April 25th of this year, our ever-so-competent Treasury Secretary Timothy Geithner was asked on Fox News whether U.S. treasuries could ever lose their AAA rating.
Geithner’s response: “No risk of that.”
Less than four months later and he’s made a Ben… Continue reading
The Keynesian model and the Austrian economic philosophy continue to lock horns. Similar ideas have gone toe to toe for three centuries now trying to explain the business cycle. Thomas Malthus and Jean-Baptiste Say made their case in the 19th century,… Continue reading
The road has been long and hard over the last few years. Chronic unemployment, falling net worth, and a bitterly weak recovery have put unbelievable strain on people across the globe. America was told the Federal Reserve had tamed the business… Continue reading
As I’ve already discussed, the “budget cuts” debate is complete nonsense. Here is Stefan Molyneux with a visual representation to hammer the point home. Saving ten dollars on a trip to the moon indeed:
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