As someone who runs a small business and for some reason pays my taxes…. Today’s “red tape” cut to company paperwork makes no real difference to me or my ability/desire to expand. As someone who investigates small business high street tax evasion… great news for candy stores and scam dropshippers!

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Paradox: everyone understands opportunity cost in their own lives (if you want a new car you can't have the fancy holiday this year), but politicians don't want to explain such a basic idea to voters.

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Last year Perry Mehrling gave a talk at Princeton about a book he was working on, updating his money view. @princetonjrcppf.bsky.social has now made it available on YouTube. youtu.be/3E572aRCiiA?...

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Second, the gender pay gap continues to come down gradually. It used to be really quite a lot bigger 😬 There's been some fun 1970s good vs 1970s bad chat recently, I'm putting this in the bad column

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Ok, some ASHE charts. Two headlins before getting on to implications for 2027 min wage. First - low pay didn't fall (actually rose slightly) for the first time in 15 years. That's not surprising. Policy has been to peg minimum wage to median wage in recent years.

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