Was life better under communism?
A fake chart, map, or survey of people claims that a high percentage of former Soviet Union residents say that life was better under communism.…
Category: Debunking Economic Absurdities
Section which is dedicated to exploring and explaining some absurd claims
Nothing happened in 1971, productivity and compensation is not delinked
I say that nothing happened in 1971 because productivity and compensation is not delinked. The truth is that the above graph is fake. Made in…
Will Robots take over all our Jobs leading to mass unemployment?
The short answer is no, this is quite literally impossible, and I show why in the below flow chart. Mass automation requires mass consumption, because…
Child Labor Ended by Capitalism
Child labor existed prior to capitalist societies. In fact, having children was one of the main ways a family would get the labor for their…
Venezuela’s economy crashed due to sanctions debunked.
This is one of the most common excuses by socialists for the failure of socialism in Venezuela. That the economy wasn’t brought down by the…
On jobs
These tweets are simply ignorant. People don’t take the time to even think one step ahead these days. If jobs exist that don’t pay a…
Is the Individual powerless?
The individual is the only entity that actually exists. So to say that it cannot give birth to itself is a nonsensical strawman. A baby…
Yes Elon Musk is a self-made Billionaire.
The facts of Elon Musk’s timeline are fairly simple and widely available. He was born in 1971 in South Africa to a family of modest…
Can minimum wage workers afford a two-bedroom apartment?
As it turns out, yes they actually can, in every state. If you look at whether there is a 2 bedroom apartment within the price…
When the Truth Doesn’t fit, report the opposite.
Reporting on New leaf projects credits a one-time cash payment for $7500 for a successful betterment of lives of a select group of homeless. What…
David Friedman’s dinky attempt at philosophy.
David Friedman, Milton’s son, once tried to refute Ayn Rand. What follows is his attempt, which is rather weak on two fronts. First he is…
The Lefts Voodoo Economics on the Minimum Wage.
Rep. Ilhan Omar and many other left-leaning think tanks and operatives are repeating the talking point that 27 million workers would receive a wage raise…
Part-time workers counted as low wage workers in a new report.
As the title so simply explains, a new report claiming that half of all Americans work low wage jobs fails to disclose that when defining…
Amazon will pay no Taxes Fake News Debunked.
According to an already highly deceptive report by Institute on Taxation and Economic Policy, Amazon will pay no federal income tax on its 11.2 billion…
No, productivity is not divergent from income.
You may have seen the below chart arguing that worker productivity has increased, but their compensation has not kept up. However, after looking closer into…
Debunking CEO pay myths.
The report from the Economic Policy Institute claims ‘CEO compensation has grown 940% since 1978 while typical worker compensation has risen only 12% during that…
Is insurance a form of socialism?
The claim goes something like this. Since private health insurance is paid into collectively, it is a form of socialism, and therefore conservatives/capitalists already support…
All gun control Myths Debunked
With another tragedy, the media is circulating the same old gun control myths that have been refuted numerous times. Being tired of looking up the…
People are fighting for 15$ minimum wage like they are some sort of hero. In reality, they are hurting exactly the people that need help the most.
Those who are making minimum wage and are advocating for an increase, I can forgive. If they were knowledgeable about economics they probably wouldn’t be…
Walmart Vs Costco
With minimum wage in the news, Costco got a lot of attention for paying their employees $17 per hour, while Walmart only pays about $9…
Pundit Krugman is wrong on minimum wage, while economist Krugman is right?
How you may ask, can Objectobot, practically a nobody, criticize and ridicule a decorated economist like Krugman in his own field. Krugman is a recognized expert in economics, why should you…
Debunking Krugman
Are you tired of Krugman’s economic magic tricks? I know I am. Krugman recently again reiterated that an economy is not the same as a family…
Reagan vs Obama net change in government spending Graph De-bunked and Exposed as a Fraud
The below graph was posted on Moveon.org website and has gone viral. It claims that the net change in government spending under Reagan was higher…
What market failure? Final Part. Lets Review.
After and during the financial crisis it was widely claimed that the free market had failed. To me this was a bizarre assertion because in…
What market failure? Part 1, Accounting Practices
In the “What market failure” we will look at the various claims that the free market failed, and show that the principles of the free…
What market failure? Part 2. Washington Mutual Takeover
In the “What market failure” we will look at the various claims that the free market failed, and show that the principles of the free…
What market failure? Part 3. Central Banks.
In the “What market failure” we will look at the various claims that the free market failed, and show that the principles of the free…
What market failure? Part 4. Credit Rating Agencies.
In the “What market failure” we will look at the various claims that the free market failed, and show that the principles of the free…
What market failure? Part 5. Sticks and Carrots
In the “What market failure” we will look at the various claims that the free market failed, and show that the principles of the free…