Earlier this week, I posted 4 reasons why Paul Krugman’s argument that the government should increase the minimum wage is laughable.
Two days later, the Robert P. Murphy wrote a blog post about the same Krugman article I was responding to for the Ludwig von Mises Institute.
Murphy found something that makes my own 4th observation about it even funnier, so I urge you read it!
That said, here’s the excerpt I wanted to share:
Indeed, this is so much standard operating procedure for Krugman that I went looking for it. It’s not that I had this butter mountain example in my back pocket. No, I Googled “krugman wells minimum wage” to see what they said about it in their book, and found Jeremy Hammond’s discussion.
Awesome. It’s quite an honor for me to be cited by the great Bob Murphy.
That’s actually a link to an older post of mine, which I drew from to make my point #4 about why Krugman’s recent article on the subject is laughable. Basically, he took
my the observation that Krugman, while advocating a minimum wage increase on the grounds that it won’t cause unemployment, in his own economic textbooks states that minimum wage laws cause unemployment, and took it one step further with an astute observation that makes this even funnier. So, again, for the punchline, go read Murphy’s post.
Then David Henderson also blogged about it on his blog EconLog, with a hat-tip to Murphy and note of Murphy’s hat-tip to me. (I struck out “my” above because in that original post, I hat-tipped Benjamin Powell at the Huffington Post for pointing out what Krugman wrote in his own textbooks.)
So doubly honored.
Anyhow, the fact that Bob Murphy found my post by doing a Google search illustrates the value to independent journalists and bloggers in knowing skills beyond knowledge of the subject matter and prose, such as marketing and search engine optimization (SEO).
I believe that independent journalism is the future of journalism. As certainly evidenced by Paul Krugman in his regular New York Times column, the mainstream media fail us.
Their business model sucks. I want to destroy it.
I see a new paradigm. A paradigm in which we are the media.
I foresee a whole new school of journalism. Literally, a new school, with courses providing training in the skills the journalist of the future will need to be successful without having to join the presstitutes. How the aspiring journalist can make it on his own. Yet, not really alone, but as part of a community of journalists who share the same aim of challenging the propaganda we are bombarded with by the mainstream media.
Let’s revolutionize the industry together.
I’ve started my own media company in order to bring my book Obstacle to Peace to market (forthcoming). In addition to exclusive, subscriber-only content, notifications of new writings, and updates about and sneak peeks at the book updates, I’m going discussing my own experiences and fleshing out my vision for the future as I journey down this path, one step at a time, in my free newsletter. If you’re a journalist or blogger and would like to join me, please sign up below!
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