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The Weird Correlation Between “Understanding Economics” and Payola

Summary by c4ss.org
For more years than most of us have been alive, by-the-numbers “minimum wage increases cause unemployment” puff pieces have been an almost daily staple at right-libertarian propaganda sites like Foundation for Economic Education. As I remark every time I see one — more than once in written commentary — these people demonstrate a lack of basic comprehension of concepts like ceteris paribus (“all other things being equal”). One factor in particula…
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