An Increase in Real Spending Requires (It Does Not Cause) An Increase in Real Output – Cafe Hayek

TweetIn this post, which is likely the wonkiest one that I’ve ever offered at Cafe Hayek, I address the following question, which is posed to me in an e-mail from one “Clango” but here worded by me: “Why won’t the rise in workers’ incomes caused by the imposition of a minimum wage create enough additional …

0
0