The party of ideas has become the party of Beavis and Butthead.

So what are the effects of increasing minimum wages? Any Econ 101 student can tell you the answer: The higher wage reduces the quantity of labor demanded, and hence leads to unemployment.

I believe that the only important structural obstacles to world prosperity are the obsolete doctrines that clutter the minds of men.

Generous unemployment benefits can increase both structural and frictional unemployment. So government policies intended to help workers can have the undesirable side effect of raising the natural rate of unemployment.

I've always believed in expansionary monetary policy and if necessary fiscal policy when the economy is depressed.

If the price of everything is going down, that's going to include wages as well. People will have an incentive to sit on their cash and not spend it.

Republican candidates had to appeal to their base, which is by and large elderly white people arguing with empty chairs.