Cabernet sauvignon wine is better than fume blanc. Turkey is better than pork. Matter in the solid state is better than the plasma state. Each of those statements begs the question: Where's the proof? With subjective statements such as those, disagreements can go on forever. It's simply a matter of personal opinion. One person's...
One of the more difficult lessons to teach economics neophytes -- and, many times, trained economists -- is that economic theory cannot say anything definitive about subjective statements, such as what's better, good, bad or worse. Let's try a few examples to make the point.
- CBO: Uhm, about Obama’s FY2015 budget proposal… it’s way more expensive than the White House claimed Erika Johnsen 9 minutes ago
- Jay Carney: The toughest interview Obama had in 2012 was with … Jon Stewart Allahpundit 49 minutes ago
- Be of good cheer, subjects: An heir to the throne is due Allahpundit 1 hour ago
- Megan McArdle goes off on suspicious Census Bureau/Obamacare methodology switch Guy Benson 2 hours ago
- Chris Christie on punishing drug users: If we’re going to be pro-life, let’s be pro-life all the way Allahpundit 2 hours ago
- The encore ObamaCare victory lap after the not-a-deadline-extension Erika Johnsen 3 hours ago