Monday, July 20, 2015

Paul Krugman on the Minimum Wage: 1998 vs. 2015

(via Mark Perry)


  1. I've come to the conclusion that Krugrman is an intellectual clown. His purpose is to entertain.

    1. Actually it seems like as with so many other things, Krugman was better in the 90's.

  2. So what has changed in the Krugman of '98 to the Krugman of '15? Did he succumb to peer-pressure and the need/desire to fit in with the cool kids?

  3. I'm pretty sure it was retirement planning.

  4. The "progressives" are getting more insane year after year. In the late 70s, they might have supported reasonable policies or analysis here and there. No more. Recall that Gabriel Kolko was a socialist who showed that the Robber Barons opposed laissez faire. The "progressives" now deny the existence of all laws of economics and proudly proclaiming themselves economics deniers while denying history and even the difference between crony capitalism and laissez faire. It's all quite amazing.

  5. How can I get a high paying job where I can spout off all sorts of jiberish and have everyone fall at my feet like I am a deity?