Saturday, February 4

Tim Worstall and Robert Reich agree

Tim Worstall cites Robert Reich (Clinton's labor secretary) on the inefficiency of using the minimum wage to alleviate poverty instead of the earned income tax credit, adding the credit is
...a form of Milton Friedman’s idea of a negative income tax. Really, who would have thought it? An economist often demonized by the left campaigns for 40 years for a policy that actually helps the poor?

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