Freedom Folks

Saturday, July 08, 2006

Heh!

I believe I may have stated something similar around here a time or two...
The adulation with which libertarian economists have greeted a couple of studies by Card claiming that the Law of Supply and Demand does not, conveniently enough, apply to the effects of illegal immigration on wages is ironic. Many of the same economists have denigrated Card's other best known study. It alleged that the Law of Supply and Demand does not apply to minimum wage laws either. Consequently, according to Card, the minimum wage can be raised without raising unemployment.
Steve Sailor @ Vdare

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