Is WalMart helping poor people or is welfare helping WalMart? Part 1 of a series on ways to understand the minimum wage.
I like arguments for capitalism, but not when they're based on flimsy numbers. And if the numbers are flimsy, I may need to invent my own macroeconomic indicator to improve them.
"Of all the corrupters of moral sentiments, therefore, faction and fanaticism have always been by far the greatest." - Adam Smith
Putanumonit's birthday week continues, this is the second of my year 1 review posts. Smart students, stupid charts I stand behind everything I wrote in I Smell a Chart, at least until someone shares it with FiveThirtyEight's Leah Libresco who will politely explain why I'm an idiot. My post focused on the abuses of data and statistics in … Continue reading Year 1 Redux – Trump
Finding common ground on EpiPens, and establishing the Good Drug Administration.
How come women make 79 cents on the dollar? Here are two prominent explanations that are clearly wrong, and two uncommon explanations that are possibly true.
In the 17th century, John Locke described an immutable law of nature regarding the prices of goods. So why do we keep raging against it in vain to this day?
The rich are just like us, except they have more money. Should we try and grab some?
No table of income distribution tells the whole story, so I had to make up one.
Measuring economic inequality and its consequences is hard, so why bother when you can just pick numbers that fit your preferred narrative?
A research project is going to help the world's poorest people and test a revolutionary approach to solving poverty, so you and I are going to donate a bunch of money to make it a success.
Applying the central limit theorem to figure out who votes for Trump and Bernie.
An evil spell is making everybody you know ignorant, hateful and irrational. Can you break it?
I analyze a statistics chart that manages to conclude the opposite of what the data says by making every possible error.