I hear about free college a lot in current political discourse. The price of a college degree is rising higher and higher every year, while wages are remaining more or less stagnant. Many offer a solution to this in the form of guaranteed free college. Under their ideal system, the government would offer payment of […]
Economics is not just the study of satisfying insatiable wants with limited resources, as so many Econ 101 textbooks contend. Economic science encompasses all human behavior: people acting rationally to reach objectives. Those objectives include such everyday dilemmas as deciding which checkout lane at the supermarket will be fastest, dating and finding the right person […]
The median income in New York is $60,850 and the median income in New York City is $50,771. Assume the government of New York state decided to spend 53 million dollars to give as many people as they can an income of $50,000 for 3 years. If this were the case, New York would be […]
There are always going to be people who engage in fallacious reasoning. We need a quiver of logic arrows to shoot down the fallacies as they pop up.