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That would be direct evidence. It is also somehwat odd of a stance that most political decisions are harmful. Wouldn't that pretty easily lead into conclusion that we ought to stop doing decisions as it has expected negative impact while doing nothing has no impact.

The indirect case would be that for example the method of taxing things that are problematic has been working. Tobacco troublesome? Tax it. Too many liqour related deaths? Tax it. Usually increasing the related tax makes people do less of the activity but usually you end up increasing the tax return ie the people don't decrease their activities in the same ratio as it is taxed. A minimum wage is pretty similar to making a tax for low wage employemnt and making a benefit program for low wage earners.

I thought that you were not implicitly critising the alternative as coming from fields that do not base their principles on empirics. I guess you might have been aware of this facet and even meant it. That is if you are allowed the benefit of indirect empricial evidence so should the other sides too. I thought that the difference on the relative strength of the indrect empirical stregnth was more even.






Wouldn't that pretty easily lead into conclusion that we ought to stop doing decisions as it has expected negative impact while doing nothing has no impact.

Having zero laws and regulations may be worse than having a million of them. But that does not mean that 600 thousands laws out of that million cannot be harmful.
I thought that the difference on the relative strength of the indrect empirical stregnth was more even.

Letís do a quantitative comparison. Iím aware of only two exceptions to the principle that raising prices decreases demand. One is when most buyers have no information about the product quality and the seller dupes them into thinking that higher price indicates higher quality. The second exception arose during very peculiar circumstances at the time of the Great Irish famine. Neither exception I believe is really relevant to the MW.

I understand you believe that most political decisions are beneficial, but do you also think that exceptions to this rule can be counted in single digits?
The indirect case would be that for example the method of taxing things that are problematic has been working.

Can't the same argument be made for taxing bad weather or people with cancer?
A minimum wage is pretty similar to making a tax for low wage employment

It is indeed similar and is likely to help eliminate low wage employment. The problem is that it might do so by making many low wage employees unemployed.
69%
melian
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