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Communist Party of China
Why I can't be both a scientist and a liberal [Commentary]
Why I can't be both a scientist and a liberal [Commentary]

Economists should be bound by facts and reason. I simply can't embrace liberal positions on the minimum wage, climate change and gender discrimination, and call myself a scientist. Let's take them one by one: The minimum wage: The Congressional Budget Office estimates that raising the federal minimum wage to $10.10 an hour, as President Obama proposes, would eliminate 500,000 to 1,000,000 jobs. Businesses will be forced to raise prices, thereby reducing purchases (If beef or a plumber's visit gets too high, folks eat more chicken and fix their own faucets); lose customers; and lay off employees. Fast food restaurants will use more machines similar to automated checkout...