4min chapter

The "What is Money?" Show cover image

Economic Reality vs. Political Rhetoric | The Aneesh Karve Series | Episode 5 (WiM272)

The "What is Money?" Show

CHAPTER

The Negative Effects of Central Planning on Human Freedom

Solomon: We should never ever rely on survey data in any kind of economic claim. He says that statistics compiled from what people express verbally may be worse than useless. Solomon: Raising the minimum wage actually stops people from the lower income strata from getting the experience they need so they can go to the higher income strata.

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