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Quotes of The Day #6: Adam Smith – Socialist?

No, not really, but almost. Here’s a couple of quotes – both from “The Wealth of Nations” – that would not sit well in contemporary right wing American politics: “Our merchants and masters complain much of the bad effects of high wages in raising the price and lessening the sale of goods. They say nothing […]

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More Profit Bias

There’s quite a fuss surrounding those disincentives to work within Obamacare that the Congressional Budget Office mentioned last week. If you recall it was spun by right wingers as a loss of jobs, when, in fact, it was a reduction in the supply of labor because workers decided not to work. It was a good […]

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