Word: distorted
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...FactCheck.org debunked the McCain campaign's use of FactCheck.org. Do your reports get twisted and used unfairly? This was a clear violation of our copyright policy, which basically says please steal our stuff, just don't distort it and they distorted it. We have absolutely no objection to a candidate accurately quoting us. But we really have to push back hard when people distort what we say because our credibility is at stake. In this case, they knew perfectly well they were misrepresenting what we said. It was really outrageous and we kind of went off on them I guess...
...just not all the forms that he supports. You can argue that embryo research should proceed anyway; you can argue about where federal funds should go, or whether embryos should be created specifically to experiment on them. But no one is served when politicians blur their positions or distort their opponents' or pretend the issue is simpler than...
...regardless of the intentions of politicians, subsidies and price controls tend to produce unintended consequences. They distort normal consumption patterns and subvert the law of supply and demand. When oil supplies are low and crude prices rise, consumption falls, bringing prices back down as demand and supply balance out. But if consumers are insulated from the market, paying an artificially low price for fuel, they tend to use as much or even more - which strains supplies further and forces oil prices even higher...
...with workers overseas - not only lower-skilled factory and phone-center workers but also engineers, lawyers and doctors. Public opinion has reacted to this with increasing distrust of free trade, a wariness that both Obama and Clinton have echoed in their campaigns. But this is touchy territory: trade may distort the income distribution, but economists remain almost unanimous in warning that restricting trade would slow overall growth. There are similar concerns about using the tax code to address inequality, although Princeton political scientist Larry Bartels demonstrates in his new book, Unequal Democracy: The Political Economy of the New Gilded...
...subsidies are one of those rare issues on which everyone from the staunch free market advocate to the ardent proponent of social justice can see eye to eye. A cursory reading of Mankiw’s Principles of Economics will reveal subsidies are, as a general rule, inefficient; they distort incentives and create deadweight loss. While they can produce artificially low prices at the grocery store, the funds paying for this difference come straight out of consumers’ wallets in the form of tax dollars. Ultimately the costs outweigh the benefits. American farm subsidies are no exception, and have...