Pitchfork Economics with Nick Hanauer cover image

Slouching towards economic utopia (with Brad DeLong)

Pitchfork Economics with Nick Hanauer

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The Market Economy Does Not Care Whether You Live or Die

CNN's John Avlon says he doesn't know why Fox News anchor Jason Jones is out there. He argues that the idea of maximizing income and wealth should be taken as part of a package, rather than separated into two separate issues. The $15 minimum wage thing in Seattle "is an abomination within that framework," Avlon says. It makes it effectively impossible to help people by focusing on one particular set of deadweight losses instead of another,.Avlon: I am a pessimist about handing huge amounts of money to financiers like Intel for an attempt to undo what a decade of advanced community engineering practice has achieved.

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