Economic Demagoguery
Posted at 1:05am on Mar. 11, 2008 "The Inequality Myth"
By Pejman Yousefzadeh
RedState's own Jeff Emanuel sends word that perhaps--just perhaps--there is finally a pushback against populist demagoguery. It could not have come too soon (read on for more below the fold):
Posted in Class Warfare | Economic Demagoguery | Economy | Inequality — Comments (2)/ Email this page » / Read More »
Posted at 2:13am on Feb. 27, 2008 Earth To David Leonhardt
By Pejman Yousefzadeh
Concerning your article, where you wrote the following:
There is no doubt that trade has hurt many people in Ohio. In just the last few months, Alcatel-Lucent has announced plans to close a telecommunications equipment factory in Columbus and move some of the jobs to China, while a steel-door plant near Youngstown shut its doors and shipped some of its equipment to Mexico.
Back in 2000, the typical Ohio family was still making more money than the typical American family, according to Moody's Economy.com. But over the last eight years, real median income in Ohio has dropped almost 10 percent, to about $47,000, leaving it $2,300 below the national median.
First of all, correlation does not constitute causation and you didn't even try to establish a causal relationship in your article between trade agreements like NAFTA and job losses.
Secondly, on the facts, you are wrong.
A retraction and correction are in order. Do the stand-up thing and deliver it. It is your reputation at stake, you know.
Posted in Economic Demagoguery | Economy | Free Trade | NAFTA | Protectionism — Comments (1)/ Email this page » / Read More »
