The first sentence of Economics in One Lesson by Henry Hazlitt is "Economics is haunted by more fallacies than any other study known to man", and I already like this book
Just steps away from Seoul’s glitzy Gangnam district, the city's last slum shows the scale of South Korea's wealth gap https://t.co/iRxTy7PiYW via @citylab
Is it cherry pie anarchy if the FDA removes an obsolete regulation? No, but it helps show why the agency has done such a poor job handling the COVID-19 response. https://t.co/WX7xQAQnnG
In 1942 the average new car cost $800, or 23 ounces of gold. Since average weekly income in 1942 was $40, it took just 20 weeks for the average worker to earn enough money to buy the average new car. Today the average new car cost $37,000, or 20 ounces of gold. So a 15% decline!
Remember when AOC called for a boycott of Goya Foods because their CEO supports Trump? Sales jumped 1,000% so he named her employee of the month 🤣🤣🤣 https://t.co/cUMYkkNE0i
Economics is primarily a way of thinking about the world that uncovers the true mechanisms and processes behind, and helps us understand, what we can all observe. This is a forever thread collecting my #econthread tweets. #PerBylundthreads
📣 NEW DATA 📣
💡Tens of millions of people (34% of all adults in the country) are struggling to meet basic needs.
🏘️1 in 6 renters aren't caught up on rent.
🍎12% of all adults in the country didn’t get enough to eat in the last week. #ReliefCantWait
https://t.co/UgyzP7r9AB