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Robert Reich's F Minus In Economics: False Facts, False Theories
Robert Reich's F Minus In Economics: False Facts, False Theories
Robert Reich peddles a bunch of stale, Marxist talking points, including the groaner about Henry Ford raising wages so his employees could buy his cars.
''My F grade is also not based on Reich’s politics, which are quite different from my own. I award it instead for Reich’s incorrect facts and his embarrassing misunderstanding of basic issues about which economists agree.
In Reich’s liberal vision, it is not Henry Ford, Gordon Moore, Jack Welch, Warren Buffet, Bill Gates, Steve Jobs, and hundreds of thousands of medium and small business owners “who make the basic bargain at the heart of America.” Instead, it should be the federal government with progressive taxes, minimum wage laws, and pro-labor regulatory agencies that gives us a prosperous system that, in President Obama’s words, “spreads the wealth around.”
Robert Reich's F Minus In Economics: False Facts, False Theories
Robert Reich peddles a bunch of stale, Marxist talking points, including the groaner about Henry Ford raising wages so his employees could buy his cars.
''My F grade is also not based on Reich’s politics, which are quite different from my own. I award it instead for Reich’s incorrect facts and his embarrassing misunderstanding of basic issues about which economists agree.
In Reich’s liberal vision, it is not Henry Ford, Gordon Moore, Jack Welch, Warren Buffet, Bill Gates, Steve Jobs, and hundreds of thousands of medium and small business owners “who make the basic bargain at the heart of America.” Instead, it should be the federal government with progressive taxes, minimum wage laws, and pro-labor regulatory agencies that gives us a prosperous system that, in President Obama’s words, “spreads the wealth around.”