Perhaps it is a mere coincidence, but I could not help but notice
this. As soon as Democrats take control of the House and Senate, we
see these headlines:
Return
trip for electric vehicles: automakers unveil plans for electric
cars; no need to put pressure on the auto industry!
Medicare
Drug Program Costing Less Than Estimates, U.S. Says: no need to
pressure the pharmaceutical industry!
Employers
increase hiring, wages in Dec.: no need to worry about jobs and
wages, or to put pressure on big business!
Falling
crude oil prices should translate soon to lower prices at the pump:
leave the oil companies alone!
Does anyone think these headlines reflect what is
really going on in the world?
More like this
So, as mentioned yesterday, I got an email asking me about the weird scandal involving the Patriots and underinflated footballs, so I wrote a piece for the Conversation on the subject.
So, what's the deal with that graph I was talking about the other day? I sort of left it hanging at the end, there, but I ought to actually interpret the figure.
I know I should just let go, but this is what makes me, me. I understand that there are terms in physics (like for instance 'pressure') that are used in all sorts of ways in common language. The problem is when someone tries to explain something scientifically and misuses a word.
Check out this thing.
In the doctors lounge the other day, someone said, "Raising the minimum wage makes no sense. It just triggers inflation, and those people end up being worse off."
But I guess it's OK that executives get massive bonuses, backdated options, and that 30 seconds of Superbowl advertising costs $2.6 million. No risk of inflation there, and I guess in the end the low-end wage earners are better off.