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Category Archives: Media Stupidity

California 2021 and 2022 CNBC Chasing Headlines and Clicks

CNBC Chasing Headlines and Clicks

Posted on July 19, 2022 by Tony Lima

Since 2007 CNBC has published their ranking of states for doing business. Stay tuned for a tale of CNBC chasing headlines and clicks. Continue Reading →

Posted in California Economy, Media Stupidity | Tagged bad analysis, cnbc, fake results, featured
two plus two image sized

Media Innumeracy at the New York Times

Posted on October 16, 2020 by Tony Lima

Interestingly, that gap shrinks reliably as voting increases. In other words, the higher the youth voting rate, the closer the youth rate is likely to be to the overall rate. Continue Reading →

Posted in Media Stupidity | Tagged featured, innumeracy, new york times
Tacoma Narrows Bridge 1940

Two Plus Two Equals Five

Posted on August 8, 2020 by Tony Lima

If two plus two equals five, the bridge will fall down. Or the experiment may blow up in your face. This applies to many fields of study. Continue Reading →

Posted in Education issues, Media Stupidity | Tagged deconstruction, featured, two plus two
WSJ headline

Wall Street Journal Discovers Long-Time Business Practice, Thinks It’s New

Posted on July 25, 2020 by Tony Lima

This has been done ever since intellectual property was legally protected. There are ways for small companies to protect their intellectual property. Continue Reading →

Posted in Current issues, Media Stupidity, The Intersection of Economics and Technology | Tagged acquisition, amazon, due diligence, featured, wall street journal
Reich tweet with date

Robert Reich Offers Definitive Proof That He Is Not An Economist

Posted on May 30, 2020 by Tony Lima

Yet the humanitarian Robert Reich thinks Mr. Bezos is evil. There’s one person in this story that matches that description. It’s not Mr. Bezos. Continue Reading →

Posted in Media Stupidity | Tagged amazon, Bezos, featured, Reich, Robert Reich
dAlaska Grizzlies

Three dead in national park system accidents as shutdown wears on

Posted on June 28, 2019 by Tony Lima

Three dead in national park system accidents as shutdown wears on[!!] That was the screaming headline in the Washington Post January 5, 2019. Continue Reading →

Posted in Economic Data, Math Is Hard, Media Stupidity | Tagged bears, deaths national parks, featured, government shutdown, national parks
Nicole Kaeding Ms. Kaeding Tells You Why Your Tax Refund is Smaller Than Usual This Year

Nicole Kaeding Tells You Why Your Tax Refund is Smaller Than Usual This Year

Posted on February 11, 2019 by Tony Lima

Screaming headlines have appeared all over the mainstream media. Here’s the Washington Post: A quick search on the Post website includes two articles from Bloomberg: Nicole Kaeding is Director of Continue Reading →

Posted in Media Stupidity, The state of the economy | Tagged featured, Kaeding, tax refund

No, Most U.S. Gun Owners Don’t Stockpile 17 Or More Guns

Posted on December 1, 2017 by Tony Lima

Newsweek recently published an article titled: ‘Was Stephen Paddock Normal? Many Gun Owners Keep 17 Firearms on Average.’ It’s based on a study that is all wrong. Article in The Continue Reading →

Posted in Current issues, Media Stupidity | Tagged featured, guns, public health

Consumer Reports on Student Loan Debt

Posted on November 10, 2016 by Tony Lima

But those who pile up $100,000 in student loan debt to get a degree in interpretive dance deserve no sympathy. Continue Reading →

Posted in Current issues, Media Stupidity | Tagged consumer reports, featured, math, student loan debt

Is Algebra Necessary?

Posted on December 31, 2014 by Tony Lima

Let’s see. Let x be the number of digital rentals and y be the number of sales. We know x + y = 2,000,000. We also know $6x + $15y = $15,000,000. Any student in my economics principles class who could not solve this would not pass the course. But, for the edification of Times reporters, here’s the solution. Continue Reading →

Posted in Media Stupidity | Tagged algebra, new york times, The Interview

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Economist Thoughts

TARIFF, n. A scale of taxes on imports, designed to protect the domestic producer against the greed of his customers. — Ambrose Bierce

“Everybody knows that once something is declared a right, the laws of supply and demand are automatically repealed.” – Ben Shapiro, podcast, September 4, 2018

Why I will not use government data from now on

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    • Tired: Market Forces WIRED: Malarkey Forces May 24, 2023
      Tired: Market Forces WIRED: Malarkey Forces. That's the title on the esteemed Scott Lincicome's (@ScottLincicome) latest Twitter rant. Continue Reading →
      Tony Lima
    • Volcanos, Weather, and the Economy May 23, 2023
      I think volcanos gave California rain and cold weather.  But -- as Dr. McCoy would say -- "Dammit, Jim, I'm an economist not a meteorologist." Continue Reading →
      Tony Lima
    • Innovation in the Hearing Aid Market May 20, 2023
      Innovation has leaped in hearing aids. FDA deregulation in 2022 could cause the largest market price cuts since airline deregulation in 1980. Continue Reading →
      Tony Lima
    • California’s Free Lunch Mandate Bites the Budget May 18, 2023
      Breakfast can be a family event but the (literal) nanny state extends its reach. Governments act like drug dealers giving out free samples. Continue Reading →
      Tony Lima
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