Why is it that our friends on the left seem to understand economic realities on some things, yet forget about them on others?
They realize that if you make a resource more expensive we will use less of it. They have wisely raised the price of cigarettes. Fewer of us are now smoking. Through their regulations, they have raised the price of gasoline. Many have moved to alternative fuels. Obamacare has raised the price of Cadillac-plan medical policies, and fewer of us are getting them.
Liberals also know that if they can make a resource cheaper, we will use more of it. They give tax credits for electric cars, insulation and solar power to promote us to use more of these things.
But in a world of rampant unemployment, liberals seem to have one economic strategy. They want to raise the minimum price that someone is allowed to work from around $9 to $15 per hour. Have they just forgotten the rationale that caused them to develop all of their other policies?
Do they really want millions of people to become unemployed, or are they just not aware of the economic realities?
Which is it, liberals?