@mattklewis And now a very important econ/consumer question, where do u get coffee in Alexandria, va? Misha's, M.E.Swings, or St. ELMO'S?
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@JtheDeuce I'm a Misha's man. -
@mattklewis, thanks...staying away from starbucks and trying all the local roasthouses. Appreciate quality reporting also. -
@JtheDeuce love the local spots. Keep Del Ray weird!
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@mattklewis distortions. With wage/price rigidity, think of the short-run misaligned incentives of $50/hr minimum wage. -
@jisantucci makes sense. But they seem utterly unconcerned about the potential impact of any (admittedly) smaller distortions. -
@mattklewis it's borderline Smith-ian, but I think a lot of that unconcern comes from a wage fund/distributional idea -
@jisantucci do you fundamentally disagree with my take, or just think the $50 an hour absurdity is a bridge too far? - End of conversation
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@mattklewis great NPR segment this AM about plusses of raising minimum wage from a conservative pov. -
@jollyinraleigh interesting. Prolly based on this - http://o.dailycaller.com/all/2014-01-10-12-an-hour-is-conservative-rocket-fuel-says-ron-unz …
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@mattklewis the "Keynesian stimulus effect" mentioned in the linked article is way more believable than the trickle down voodooThanks. Twitter will use this to make your timeline better. UndoUndo
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@mattklewis small increases. Instead: because you don't get to change the wages for one group in the economy by a factor of 7 w/o bigThanks. Twitter will use this to make your timeline better. UndoUndo
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@mattklewis reason no one is calling for raising the minimum wage to $50/hr isn't that they're not confident in stimulative effect of...Thanks. Twitter will use this to make your timeline better. UndoUndo
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