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To: shuntos

Stiglitz..

He was a member of the Council of Economic Advisers from 1993-95, during the Clinton administration, and served as CEA chairman from 1995-97. He then became Chief Economist and Senior Vice-President of the World Bank from 1997-2000.


11 posted on 01/07/2006 6:52:59 PM PST by NormsRevenge (Semper Fi ... Monthly Donor spoken Here. Go to ... https://secure.freerepublic.com/donate/)
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To: NormsRevenge

This guy sold his soul to the Clinton administration. When it came to increasing the minimum wage he basically said the "Demand for labor slopes up." He concluded that an increase in the minimum wage would actually increase employment. He ignored the arguments in his own text book which clearly stated the demand for labor like all other goods and services is inversely proportional to the wage (price of labor).

After he sold his soul I quit listening to a single word he ever said since. LOL.


42 posted on 01/07/2006 7:18:42 PM PST by daviscupper
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