Two Pinocchios For The New York Times

krugman-and-cat

(And for Paul Krugman too.)

One of this site’s principal aims is to reduce economic inequality. But we won’t get there by lying.

(From Bloomberg.com)

“In March, every Republican in the House voted against a measure to raise the minimum wage. `When you raise the price of employment, guess what happens? You get less of it,’ said Speaker John Boehner in February, espousing a party-line theory that most economists agree has been discredited.”— New York Times editorial, Jan. 2, 2014.

This is one of the more outrageous political statements dressed up as economic theory from the editorial board of the New York Times. They should be ashamed of themselves.

Click here for the article.