Cafe Hayek — where orders emerge

Cafe Hayek — where orders emerge: "My GMU Econ colleague Garett Jones calls it “basic microeconomics.”  (It might also be called a sensible prediction from the real denizens of the reality-based community.)  Garett is correct: when the cost of doing X rises, people will do less X.  Obamacare raises businesses’ costs of employing full-time workers, so businesses will employ fewer full-time workers than otherwise.  Garett is also correct that, as a result, economic growth will be slower and less robust than otherwise.  No amount of cheap demonizing of Obamacare’s opponents will change these facts."

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