Robert Reich keeps on making consistently fallacious but widely viewed short videos on economic topics. His video demanding a $15 minimum wage is a case in point. Thankfully, you have this episode to help you fight back.
About the Guest
Robert P. Murphy holds a Ph.D. in economics from New York University. He is the author of numerous books (see below), including study guides to Ludwig von Mises’ Human Action (study guide here) and The Theory of Money and Credit (study guide here), and Murray Rothbard’s Man, Economy, and State (study guide here).
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Guest’s Blog
Books by the Guest
Lessons for the Young Economist (free textbook; click here for a free teacher’s manual)
Chaos Theory (available free)
Understanding Bitcoin (with Silas Barta; available free)
The Politically Incorrect Guide to Capitalism (also available as an audiobook)
The Politically Incorrect Guide to the Great Depression and the New Deal (also available as an audiobook)
Guest’s Twitter
Guest’s Facebook
Article Discussed
“Robert Reich Shills for $15 Minimum Wage,” by Robert P. Murphy
Video Discussed
“The Big Picture: Fight for $15 with Robert Reich”
Article Mentioned
“Economists Debate the Minimum Wage,” by Robert P. Murphy
Related Episodes
Ep. 256 The Truth About the Fast Food Protests (Diana Furchtgott-Roth)
Ep. 81 Raise the Minimum Wage? (Bob Murphy)
Ep. 33 That Australian Minimum Wage (Dr. Ben O’Neill)
Related Video
I can’t remember if I turned this video into an episode or not, but at the very least, here’s a video in which I spend some time explaining what makes wages rise.
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