Status Updates From Basic Economics: A Common S...
Basic Economics: A Common Sense Guide to the Economy by
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Tim Lootens
is 29% done
Left on chap 12
Sowells exploration of price capping is so interesting. He brings up many reasons why letting prices control themselves is best for everyone especially the lower economic classes. His discussion about the relationship between minimum wage and unemployment is also amazing. So many things I had never considered before. Like how as minimum wage increases, employee met in lower economic classes decreases.
— Feb 11, 2026 02:54PM
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Sowells exploration of price capping is so interesting. He brings up many reasons why letting prices control themselves is best for everyone especially the lower economic classes. His discussion about the relationship between minimum wage and unemployment is also amazing. So many things I had never considered before. Like how as minimum wage increases, employee met in lower economic classes decreases.
