John Stossel Fails an Education Test and Demonstrates That He’s Economically Illiterate

John Stossel is a Fox Business News reporter.  Stossel is an unabashed "libertarian" with a strong Austrian orientation on economics who focuses on economic issues.  He's made a living out of being indignant and disgusted by "liberals" and "big government" which he sees as the root of all economic problems.  He's been quite successful over … Continue reading John Stossel Fails an Education Test and Demonstrates That He’s Economically Illiterate

Where Are or Were The Jobs?

With the all the alleged concern in Washington now from both parties about job creation, there's something that's missing in much of the debate: facts.  So let's take a look at some.  I really like graphics like the one below.  They're complex and take quite some time to read and fully absorb what's there, but … Continue reading Where Are or Were The Jobs?

State and Local Job Cuts are Accelerating, Making the Economy Worse and Cutting Education

Nicholas Johnson at the Center on Budget and Policy Studies explains how state and local governments are cutting jobs and how a majority of those jobs lost are education jobs. September 2, 2011 at 1:24 pm Today’s jobs report shows that in August, cuts by states and local governments — especially school districts — wiped … Continue reading State and Local Job Cuts are Accelerating, Making the Economy Worse and Cutting Education

Income Inequality Widening for Both Men and Women

Income distribution changes, namely, the rich getting richer and the bottom half struggling to stay even is true for both men and women.  It is only partly explained by educational level. Mark Thoma extracts from a CBO report about how workers' hourly compensation (wages) have changed from 1979 to 2009: Changes in the Distribution of … Continue reading Income Inequality Widening for Both Men and Women