Category: Debunking Economic Absurdities
Section which is dedicated to exploring and explaining some absurd claims
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…