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Myths We Live By

From ME to you Wrote: Aug 08, 2012 8:08 AM
The problem isn't too many people with degrees, it's too many people with meaningless degrees! How will a degree in French literature put you in line for a job? How much call is there for masters degrees in puppetry? A very small percentage of 'Liberal Arts' degrees have knowledge or skills tranlatable to the private sector! Very FEW people with science, mathematics or business degrees DON'T get jobs!

The Olympics have gone smoothly despite -- gasp! -- America's team wearing clothing made in China at the opening ceremony.

"I'm so upset," said Senate Majority Leader Harry Reid. "Take all the uniforms, put them in a big pile, and burn them. ... We have people in the textile industry who are desperate for jobs."

Here, Reid demonstrates economic cluelessness. It seems logical that Americans lose if American clothing is made overseas. But that's nonsense. First, it's no surprise the uniforms were made in China. Most clothing is. That's fine. It saves money. We invest the savings in other things,...