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- Privately created credit money can thus be thought of as a horizontal leveraging of reserves or, better, High Powered Money Wray, 2001. Seattle billionaire Nick Hanauer knows that his city's experiment with a 15 minimum wage has been a success. Fact, he knew it before the law had even.
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- The supply curve states the quantity rises as price rises, and similarly the quantity falls as price falls if all other things are constant. Furthermore, he discovered a new obstacle regarding inflation, known as cost-push inflation. On July 1st, San Franciscos minimum wage will increase from 13 to 14.
- Rather than making legal arguments against ten-hour workdays for women, he used "scientific principles" and data produced by social scientists documenting the high costs of long working hours for both individuals and society. According to Thompson 2005 ,. Seattle billionaire Nick Hanauer knows that his city's experiment with a 15 minimum wage has been a success. Fact, he knew it before the law had even.
A Note: For the next few weeks we will be running a series of articles on monetary theory and policy. Ese are final essays written by MA students in my class this.
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