August 3, 2019I have previously cited Nick Hanauer, the billionaire who has repeatedly pointed out that the belief–embraced by the GOP–that raising the minimum wage depresses job creation is a fallacy. As Hanauer has emphasized, this economic theory has cause and effect backwards: jobs are created by demand. (If you aren’t selling your widgets, you aren’t hiringContinue reading “Proving Nick Hanauer Right”
Search results for: Nick Hanauer
Listen To Nick Hanauer
October 21, 2017Recently, I posted about the difference between tax cuts and tax reform, and why we need the latter but not the former. That argument was made–far more persuasively than I made it–by billionaire Nick Hanauer, in a recent post to Politico. The Republican tax plan is a scam—a massive and destructive financial giveaway masqueradingContinue reading “Listen To Nick Hanauer”
Economic Propaganda
December 29, 2023I will be the first to admit that my knowledge of economics is incredibly superficial. (Perhaps I’m being defensive, but I suspect that “superficial”–or even “non-existent” also describes the technical economic expertise of most of my fellow Americans.) As I previously explained, my recent reading about Modern Monetary Theory was prompted by theContinue reading “Economic Propaganda”
The Economy And The Evidence
December 24, 2023Nick Hanauer has long advocated for economic policies buttressed by something called “evidence.” I first encountered him when he was pointing out that putting disposable income into the hands of the working class via a higher minimum wage actually strengthens economic performance and supports job creation, because–duh–manufacturers don’t hire people to make widgets thatContinue reading “The Economy And The Evidence”
I Plan To Buy This Book
November 7, 2023I have previously quoted Nick Hanauer, a billionaire with a clear vision of economic reality and a refreshing respect for data and evidence. I first encountered him when he was supporting Seattle’s “Fight for $15.” He pointed out that jobs are created when workers have sufficient disposable income to purchase the goods offeredContinue reading “I Plan To Buy This Book”