Posts Tagged ‘fallacy of composition’

  • Updates Colorado marijuana, California Eggs, Library e-Books

    More About Colorado Pot Tax, California Eggs and Library e-Books

    Mar 15, 14 • 354 Views • No Comments

    Updates today on Colorado marijuana, California eggs and pricey library e-books: Marijuana Elasticity: With Colorado’s recreational marijuana tax close to 30%, I was skeptical that they would generate the revenue they expected. Now, it appears they...  [read more]

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    Opposing Austerity

    Apr 12, 12 • 369 Views • No Comments

    Thinking about our fiscal woes, I keep returning to the fallacy of composition. Here it is: When one farmer harvests a huge crop and sells it, her profits soar. But if every farmer grows more and sells more, then the price drops. Similarly, if one person...  [read more]

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    More Health Care Jobs

    Sep 16, 11 • 235 Views • No Comments

    The health care industry has added 300,000 jobs to the U.S. economy during the past 12 months. New jobs, new construction, new technology, more care. Should we be pleased? This Dr. Seuss-like animated short from marketplace.org presents the downside of health...  [read more]

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    Overhead Problems

    Aug 25, 10 • 395 Views • 6 Comments

    You’ve probably heard the story. Fed up, a flight attendant tells passengers what he really thinks of them, grabs a beer, presses the button for the emergency chute, and leaves the plane. The overhead storage bin might have been the reason. Overhead...  [read more]