economics

NAFTA vs. Detroit

This one picture communicates 1,000 fallacies!  People look at Detroit before some time period, then after, and then simplistically correlate an event to the causation.  The reality is correlation does not imply causation.  You have to dig deeper.  You need to discover the facts. Free trade doesn’t destroy economies. The complexity…


Hyundai vs. Tesla

Very rarely do people think about what price means. Discussions of a product or service pricing brings up connotations of taking a drool inducing nap via your Economics 101 course. Supply and demand factors are going to help you find a price in equilibrium. See, I’ve already done it in…