Ignorance and arrogance evidently pay well
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The craziest thing about this news is that Yglesias gets paid big bucks to "write about business and the economy for Slate," when he has a grade-school understanding of both. This is the guy who recently recoiled in shock when he discovered that creating a small business venture is extremely difficult because the form of government he ardently supports imposes huge regulatory burdens.
Then he set about dismissing corporate CEOs looking for a way to handle the costs of ObamaCare as a bunch of whiners because they can just raise the price of their products to any level they want, any time they want.
Correcting his childish misunderstandings and leftist arrogance is a constant hobby for some conservative bloggers. He's got the business acumen and economic expertise of a pimply teenager looking at the stub of his first paycheck and wonder who this Greek lady "Fica" is, and why she gets so much of his money.