Who Loves Bastiat and Who Loves Him Not, Bryan Caplan | EconLog | Library of Economics and Liberty: "Take the minimum wage. Normal people like it because the government waves a magic wand and makes mean employers give helpless workers extra money, with zero blowback. So inane, yet so convincing to a psychologically normal human. An intellectually serious argument, in contrast, begins by conceding the theoretical possibility of a disemployment effect, then defends low estimates of labor demand elasticity. This is a huge improvement in intellectual substance, yet persuades only wonks."
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