Tuesday, January 30, 2007

Who will educate the economists?

From Arnold Kling:
These folks are assuming (a) that a rise in the minimum wage helps poor people and (b) that the issue is important to adults trying to support a family. If those are their beliefs, then they appear to suffer from economic illiteracy. Russ Roberts occasionally tries to educate journalists about how the economy works. Maybe he needs to hold seminars for economists.


alt="Price for Minimum Wage Increase at intrade.com"
title="Price for Minimum Wage Increase at intrade.com" border="0" />

No comments:

Post a Comment