Economic Incoherence
Lance on Feb 19 2008 at 10:25 pm | Filed under: Economics, Lance's Page
Robert Reich gets his clock cleaned in very few words by Donald Boudreaux:
At least a full-sized op-ed is required to address the many wrong-headed presumptions, factual errors, and non sequiturs that mar Robert Reich’s “Totally Spent” (February 13). The most blatant mistake, however, is Mr. Reich’s assertion that women entering the workforce, and people working longer hours, are examples of how Americans “live beyond their paychecks.”
When more family members work, and when those who work do so for more hours per week, families’ paychecks increase. Working more might be good or bad - it might be evidence of underlying economic problems - but it emphatically is not a means of living beyond a paycheck.
Sincerely,
Donald J. Boudreaux
That is always a nice thing to see happen.
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