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Ep. 706: Blast from the Past with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Negative Effects of the Minimum Wage

I think that most people support the minimum wage out of good intentions. They want their fellow man to have a higher wage to be better off. But when one has policy, he shouldn't pay attention to the intentions behind the public policy. He should ask, what is the effect of public policy? What is the effects of the minimum wage? And I'd look for you to expand on that.

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