Miscellaneous
Cash transfers discourage work, price ceilings and floors (like the minimum wage) are economically inefficient, and trade makes everyone better off. If you’ve ever taken a basic economics course in high school or even in college, these were probably the major takeaways. But these are myths --dire oversimplifications at best, and outright inaccuracies at worst --that often represent the most basic building blocks of conservative arguments against critical safety net policies. In this episode of Talk Policy To Me, GSPP economist Hilary Hoynes and TPTM reporter Reem Rayef unpacked the most nefarious myths to surface the truth about the impacts of economic policies, and imagine a better way to teach and learn economics.