do we have a minimum wage now? Why do we have a minimum wage now? Do you know? I wasn't, I can't remember specifically but don't you think that whenever the minimum wage was put in place or the minimum wage was raised, don't you think we had this same argument every time? Was it right the last time? Do you remember when they raised the minimum wage to what it is now and then the economy fell apart? It didn't. It didn't. It's the same argument that we know wasn't true before. We don't have to guess. We know because the minimum wage has been raised before and the country survived.

Now did it cost people jobs? Yes of course. Did some businesses probably go out of business? Yeah. The ones that were so weak, so weak they couldn't afford to do this. Were those businesses going to last? Were those the businesses that were paying a lot of taxes? No they couldn't have been paying a lot of taxes because they didn't have enough margin to even give their employees a raise.

So you have two arguments here and they're both pretty good and they're on different sides. The pretty good argument against raising it is free markets are better. You won't get people coming into the market who would only take those low jobs they couldn't get a better one. So you're not training people. Yeah so the argument against it is completely solid. Completely. I mean it's human motivation is very predictable. There will be fewer people hired in the short run.

But on the other hand the AOC argument is there are plenty of cases where people argue this same thing was going to happen and it didn't. We just adjusted. We just adjusted somehow.

So here I am sitting here with two degrees that should allow me to answer this question and have a really smart opinion that it's a good idea or that it's a bad idea to raise the minimum wage. I don't. Do you? You've watched me for a long time and I honestly don't know if this is a good idea or a bad idea. And I don't even know how you check because I wouldn't believe anybody's prediction. Would you? Would you believe anybody's economic projection of what would happen if we did it? I wouldn't. Because the one thing I do know is that I wouldn't trust any economic prediction. Would you? And if you don't trust the experts what are you going on? What are you going on?

All right but here's the punchline to the whole thing. While it is a tremendously good persuasion play to say that Denmark has $22 an hour and all this paid vacation and stuff, it took about a minute for somebody to come into the comments and say Denmark doesn't have a minimum wage. The whole thing is Denmark doesn't have a state mandated minimum wage. They just don't have one. So the whole argument is just completely... But did it work? Yeah. Yeah it works really well as an argument. It works really well. It works as well as President Trump saying you know your TV won't work when the windmills stop turning. Right? It's not exactly the most honest argument in the world but you get the point, right? You get the point. So it's the same technique.

All right so just as President Trump did not pass a lot of the fact checking but yet he was amazingly good at persuading and the things that he persuaded toward were also good. I can't even think of an exception. Right? I mean arguably I can't think of any exception. So I don't mind that Trump plays fast and loose with the facts as long as the direction he's going is quite obviously a good direction for the country. And a lot of people's opinion that's fair. AOC is doing the same.

Here's a question for you. Well actually let's talk about Dr. Seuss. How many of you have now seen the so-called offensive, racially offensive Dr. Seuss drawings? It's been in the news for a while that there are some Dr. Seuss books with racially offensive drawings. How many of you have seen them? Because I'll bet you all have opinions, don't you? How many of you have seen them?

I have now seen them thanks to a tweet by Joel and it's the only place I've seen them. I haven't seen them anywhere else except one tweet pointing to a blog article. And that was Joel Pollak who pointed to the article. He didn't write the article. And I'm looking at your answers and I only see one person