Month / September 11, 2012
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Fox & Friends & Misleading Graphics
Has the unemployment rate doubled under President Obama? According to Fox News, yes. According to math, no. Media Matters first pointed to above graphic, which was used this morning in a Fox & Friends segment attacking the president on his economic posturing. The graphic claims the “real” unemployment rate has increased from 7.8% to 14.7%…
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The Laffer Curve: A Silly Idea that Just Won’t Die
Today in class I was baffled by a professor bringing up the Laffer curve to argue that taxes should be cut. I had assumed people dismissed the idea that the United States was on the “wrong side” of the Laffer curve as nonsense years ago. The Laffer curve is a model that claims that governments…
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