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Simon Lester reveals the absurdity of judging the merits of trade agreements according to whether or not these agreements are followed by trade deficits or trade surpluses for the home country.

Bryan Caplan shares mathematician David Edwards’s essay “The Math Myth.

Mark Perry reposts his one-armed-worker minimum-wage fable.  Mark’s fable makes clear that proponents of the minimum wage are enemies of the lowest-skilled workers.  And this reality is unchanged regardless of the motives of minimum-wage proponents as well as of whether or not the victims of minimum wages understand that they are victims of this cruel policy.

Here’s more from James Pethokoukis on America’s productivity paradox.

Arnold Kling emphasizes a point that ought to be – but isn’t – understood by all economists who study macroeconomics.  (Thought is horribly muddied by the aggregates that remain prominent in modern macroeconomic theory and policy analyses.)

My colleague Larry White recounts the monetary theory of Thomas Paine.

My Mercatus Center colleague Veronique de Rugy summarizes some of Nima Sanandaji’s helpful myth-busting about the alleged splendors of the Nordic welfare states.

George Leef is rightly unhappy with the economy-damaging political correctness of today’s Securities and Exchange Commission.  A slice:

Advocating more diversity [on corporate boards] just for the sake of creating boards that “look like America” (as Bill Clinton famously described his cabinet) makes many people feel good. But Law professors, bureaucrats, and politicians don’t have much if any idea what business management entails, and they won’t suffer any of the costs if boards stocked with people chosen mainly to meet a quota push the company into poor decisions.