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When it comes to economics, I think both sides usually agree with each other on the basics of even their strongest points, the difference is only the relative weight each side gives to the various problems. The negative effects on employment caused by minimum wage laws and increasing income inequality would be two ideas with which I think the vast majority of economists would agree, it's just that the other side of each argument thinks the respective cures would be worse than the diseases. So... 7. The disagreements are not about facts but about values.
Toggle Commented May 5, 2009 on Engagement Swaps at Overcoming Bias