A very pertient post from the comments section of "Teen employement and the minimum wage: sixty years of experience" on MarginalRevolution by The Other Jim:
I think you misunderstand what “economics” actually is. It is the act of taking a blindingly obvious truth, and desperately trying to find (and twist) information so as to persuade others that it isn’t true. To wit:
>If the price of something goes up, people buy less of it.
As Peter Boettke has repeatedly emphasized: Simple economics is NOT necessarily simple-minded economics.