Are rising wages really bad news?

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There’s no shortage of news these days that will make your blood boil. But what really got me going was an article in USA Today about the next big threat to the economy: rising wages. I am no economist, but I’ve been reading business and economic news and analyzing the future of whole industries for … Continued

Venezuela’s 1 million percent inflation and other realities of exponential growth

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Venezuela’s financial implosion is devastating. People are starving. The government is printing money to cover budget gaps. And the IMF estimates that inflation will top 1 million percent. But what would it take to get 1 million percent inflation? Before reading on, take this poll. (If you know the formulas for compounding, please don’t use … Continued

Beware the thumb on the scale of government data

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To make decisions, our politicians need data that only the government can collect. Political tampering with that data marks the beginning of the end for fact-based policy — and for a nation claiming to serve the needs of the people. Imaginary facts are bad enough. Cooked statistics are much worse. For me, the most disturbing headline in … Continued