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Cake day: June 3rd, 2025

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  • I don’t think you are following this thread at all.

    Large sweeping economic changes are usually bad. Medicare for all wouldn’t be a sweeping change unless we immediately banned all private insurances which M4A would not do. M4A would be increasing the efficiency of the American economy which is what economists want.

    Large sweeping economic changes would be things like adding $5 to the federal minimum wage all at once. The economy would likely grow from an incremental move that added $5 over the course of a few years but spiking it hard and fast will kill a lot of businesses that would have been fine with $1/yr over 5 years. It does not help to increase the minimum wage if it causes rapid widespread unemployment (note: I am absolutely not arguing against a minimum wage increase just against a rapid shift).





  • they’re literally a poverty cult based on empirically proven wrong axioms

    Here’s where the fun begins because the highlighted portion above makes it clear you have never at any point taken a course in economics.

    “printing money creates inflation”,

    It does which is why monetary policy is important to focus on.

    “rising the minimum wage creates unemployment”

    This isn’t that common as most of the studies done recently suggests this is not the case. There are some who still maintain that in specific situations this can occur but it isn’t as common as you state.

    “public expenditure in healthcare, pensions and education is bad for the economy”.

    Please provide either a valid academic source for this or an opinion piece printed in a credible newspaper from an actual economist (eg Robert Reich is not an economist while Krugman and Mankiew are)

    You should do the opposite of what most economists preach.

    This is the clearest sign you have no education in the field. I have a buddy who focuses on healthcare economics why would you ask him about trade policy? That’s like asking your dentist if you beed elbow surgery.