Outrageous Fiscal Mendacity Is Neither

So What Are The Effects Of Increasing Minimum Wages? Any Econ 101 Student Can Tell You The Answer: The Higher Wage Reduces The Quantity Of Labor Demanded, And Hence Leads To Unemployment.

Most People, I Suspect, Still Have In Their Minds An Image Of America As The Great Land Of College Education, Unique In The Extent To Which Higher Learning Is Offered To The Population At Large. That Image Used To Correspond To Reality. But These Days Young Americans Are Considerably Less Likely Than Young People In Many Other Countries To Graduate From College. In Fact, We Have A College Graduation Rate That's Slightly Below The Average Across All Advanced Economies.

A Snarky But Accurate Description Of Monetary Policy Over The Past Five Years Is That The Federal Reserve Successfully Replaced The Technology Bubble With A Housing Bubble

If The Price Of Everything Is Going Down, That's Going To Include Wages As Well. People Will Have An Incentive To Sit On Their Cash And Not Spend It.

It Has Been Obvious All Along, To Anyone Paying Attention, That The Politicians Shouting Loudest About Deficits Are Actually Using Deficit Hysteria As A Cover Story For Their Real Agenda, Which Is Top-down Class Warfare. To Put It In Romneyesque Terms, It's All About Finding An Excuse To Slash Programs That Help People Who Like To Watch Nascar Events, Even While Lavishing Tax Cuts On People Who Like To Own Nascar Teams.