Fact Checking
The Norwegian Nobel Institute awards Nobel Prizes for Peace, Chemistry, Physics, Physiology or Medicine, and Literature.
The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel is awarded by the Swedish National Bank and is not affiliated with the Nobel Institute.
On Twitter the twit, Marjorie Taylor Greene, is running a poll on whether there should be a “national divorce”. Just because she is divorced from reality doesn’t mean everyone else should be. In five years in the middle of the 19th century an “attempted divorce” probably caused almost as many or more deaths than Covid-19, depending on the records reviewed. I can’t believe that a Georgian would want to go through that period again. Does William Tecumseh Sherman ring a bell Marjorie?
2 comments
The “Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel” might as well be awarded by witch doctors since any actual economic science is pretty much akin to witch doctoring thanks to politics making any real economic science impossible. Facts are inconvenient when faced with vested interests which are not served well by facts.
In case of this year’s winners you are too right as they did real world testing to find out if an increase in the minimum wage affected job growth. They had a county in one state where the minimum wage increased and a similar county that was next to it in a different state that didn’t increase the wage. They found that the number of jobs in the county that increased the wage had more job growth than the county that didn’t. Their work was pilloried by economists who supported the “conventional wisdom” that jobs are lost when the minimum wage is increased. The “mainstream economists” wouldn’t accept the facts and clung to their beliefs like the cult they are.