John Jasinski’s Sunk Cost Fallacy
Minnesota State Senator John Jasinski recently argued in favor of continuing the drug war on the basis of sunk costs. He argued that because police have spent thousands and thousands of dollars on training drug-sniffing dogs, that investment is lost if the drug war ends. He sees this as a cost. In fact, ending the […]
Employment cost index Q4 2022:
Employment costs increased at a slower than expected pace in the fourth quarter, indicating that inflation pressures on business owners are at least leveling off. The employment cost index, a barometer the Federal Reserve watches closely for inflation signs, increased 1% in the October-to-December period, the Labor Department reported Tuesday. That was a bit below […]