Krugman: “What Texas shows is that a state offering cheap labor and, less important, weak regulation can attract jobs from other states. I believe that the appropriate response to this insight is “Well, duh.” The point is that arguing from this experience that depressing wages and dismantling regulation in America as a whole would create more jobs — which is, whatever Mr. Perry may say, what Perrynomics amounts to in practice — involves a fallacy of composition: every state can’t lure jobs away from every other state.”
Nice explanation of why you need stratification and how it works.
More generally, nice illustration of why, if you’re operating below a certain level of sophistication, you effectively just can’t think about certain topics. You’re out of your depth.
From the Herald Sun, Melbourne’s low-brow, anti-progressive newspaper:
Well well…..has Malcolm made the ultimate gaffe? Dry ice on your foot?? that is a solid. CO2 is a gas.
“Ya know, perhaps it would be worthwhile taking a look at the presentations made to get funding for or sell stock in actual mining operations.
Do you suppose they would reveal similar misstatements, equally invisible to the mining industry people?”
The Hindsight Fallacy: The real reason it's so hard to predict bubbles. Related to why the "experts" find it so hard to predict future events
“If you stare long and hard enough at a tiny piece of the puzzle that gives you the answer you want, you find the rest of the picture conveniently fades from view.”