In Texas, even fallacies are bigger

August 15, 2011

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.”


Slippery Slopes

September 19, 2009

Lots of good examples in a series of posts on James Fallows’ blog.