Obama Seems Determined to Follow the FDR Playbook

Right on the eve of the biggest negative NGDP shock since the 1930s, Congress and the Bush administration got the bright idea of raising the minimum wage by 40%. Now President Obama seems to want to double down on that failed policy. WASHINGTON—President Barack Obama’s proposal Tuesday to raise the federal minimum wage is likely [...] View the full post at: Obama Seems Determined to Follow the FDR Playbook Related posts: Why Obama is Taking on Corporate Tax Havens Obama Has to Act Quickly, the Health Care Clock is Ticking The Only Sure Way to Fund Universal Health Care