I am a free market zealot and yes this is stupid

12 thoughts on “I am a free market zealot and yes this is stupid”

  1. Actually she has a point.

    Isabella Weber is an assistant professor of economics at the University of Massachusetts Amherst

    First thing they should do is price control American college tuition back to 1970 prices.

  2. Largely correct. Low minimum wages aren’t a large economic problem, high ones are. Then of course – as with everyone – politics takes over in the discussion of “What is high”?

  3. Is an assistant professor someone who wipes the balckboard, or one who does acetual lecturing and stuff?
    Though come to think of it price controls are just dandy for eco-noloons. Price controls = no supply = no consumption = save the planet.

  4. I am a free market zealot . . .

    . . . Low minimum wages aren’t a large economic problem

    Sergeant Wilson with a heavy cold level zeal.

  5. Generally, the problem size of anything is proportional to the thing itself. A small cold is a small problem, small minimum wages are small problems, a large oil spill is a large problem, etc. It’s how you balance the ‘problemness’ against the ‘problemness’ of doing something about it that’s relevant.

  6. Does . . . does Krugman think people think of him as pro-free market rather than as a bought and paid for hack?

  7. “Low minimum wages aren’t a large economic problem, high ones are. Then of course – as with everyone – politics takes over in the discussion of “What is high”?”

    There is a simple. It is the point at which higher minimum wages start causing whites to lose jobs and not just black youths. No one seriously thinks that minimum wages don’t cause job losses, else they would be advocating that everyone be paid like a movie star, but they believe that more people are helped than hurt. However, the hurt are not a diverse group but pretty well identifiable.

  8. It’s an ongoing dispute with my wife as I question why she still tips at high rates when the waitresses now are earning significantly more than she did 30 years ago due to minimum wage laws

  9. Harry Haddock's Ghost

    I saw the article mentioned in the post, and thought… Really!!!!! We have shortages so let’s disincentive production. Genius.

    Then I realised it was the guardian, and therefore complete nonsense.

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