Economics Is Not A Morality Play.

On The Political As On The Economic Front It's Important Not To Fall Into The "not As Bad As" Trap. High Unemployment Isn't O.k. Just Because It Hasn't Hit 1933 Levels; Ominous Political Trends Shouldn’t Be Dismissed Just Because There’s No Hitler In Sight.

We Have A Lot Of Evidence On What Happens When You Raise The Minimum Wage. And The Evidence Is Overwhelmingly Positive: Hiking The Minimum Wage Has Little Or No Adverse Effect On Employment While Significantly Increasing Workers' Earnings.

Governments Do Not Necessarily Act In The National Interest, Especially When Making Detailed Microeconomic Interventions. Instead, They Are Influenced By Interest Group Pressures. The Kinds Of Interventions That New Trade Theory Suggests Can Raise National Income Will Typically Raise The Welfare Of Small, Fortunate Groups By Large Amounts, While Imposing Costs On Larger, More Diffuse Groups.

Simple Doesn't Mean Stupid. Thinking That It Does, Does.

The Goal In The End Is Not To Win Elections. The Goal Is To Change Society.