Diary of a professional nitwit: John Komlos, a professor emeritus of flapdoodle, er, economics at the University of Munich
A nitwit reveals himself
The nitwit revealed, in his own words:
You'll have to click through to read the rest.
"The economics of the minimum wage is widely misunderstood. While many commentators claim unjustifiably that increases in the minimum wage destroy jobs, there is actually no evidence to support their contention. Considered superficially, the logic seems plausible. If the price of something increases you’ll buy less of it, won’t you?
Nonsense. Obviously, it is possible, but it ain’t necessarily so. That’s the key point: it ain’t necessarily so. It is essentially an empirical issue. While many commentators claim unjustifiably that increases in the minimum wage destroy jobs, there is actually no evidence to support their contention.
Consider the context. Take the cup of coffee I have in the morning. I don’t care how much the price of coffee is — double it, triple it — I’ll still drink a cup in the morning. I won’t drink less of it.
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Raising the minimum wage has not hurt anyone except the boogeyman in the imagination of the 1 percenters and their entourage. Conservatives are merely throwing invectives at a phantom of their own imagination."
Apparently, professor flapdoodle has decided that his price inelasticity is the worlds price inelasticity, and his willingness to pay any amount for a cuppa in the morning means everyone in the wide world will be willing to pay any amount for a cuppa in the morning. Really?
What's wrong with this guy, well, except being a fart sniffer. Look, professor we understand that you really, really want to be loved by the mass movement we call progressivism, but there is no need to engage in fart sniffing to prove it.
Just click through, and bask in the glow of Professor Mark Perry slowly but surely whittling professor flapdoodle down to nothing, but fart sniffing.