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+.TL
+The Minimum Wage
+.AU
+Preston Pan
+.AI
+Pacific School of Innovation and Inquiry
+.LP
+.I "Ludwig Von Mises, Milton Friedman, Paul Krugman, and Richard Wolff enter a room; they are invited to an international conference about the minimum wage and its effects on the economy"
+
+.LP
+.B "MC:"
+Now let's start International Conference of Economic prosperity! Our first panel topic is on the impacts of the minimum wage.
+We'll let the guests introduce themselves.
+
+.LP
+.B "Mises: "
+I am very honored to be invited to this conference. My very simple stance on the minimum wage is that it tends
+to hurt the poor, decreases total production by businesses, and tends to hurt small businesses.
+All of this is known from fundamental laws of human action; people make purposeful decisions and the
+sum of the purposeful actions makes up the entire economy. Prices reflect actions of those individuals;
+they aren't a tool to opress people, it's an emergent system's way of allocating resources, making
+decisions, and contributing information in a decentralised way, in the same way that hormones do in
+the human body. For this reason, I am confident that the minimum wage is a bad idea economically.
+
+.LP
+.B "Milton Friedman: "
+I am very much the same as Mises. I do not support the minimum wage as a policy; I think it hurts the poor,
+specifically black americans, where the minimum wage does not allow black americans to take low wage jobs
+and gain work experience which would eventually allow them to take higher wage jobs. We know this from
+model of basic supply and demand, and we have confirmed this model time and time again. We have even
+confirmed the model specifically for minimum wage from a study that my student conducted,
+solidifying my confidence in this claim.
+
+.LP
+.B "Paul Krugman"
+Well, I respect Milton Friedman but he's a little old school in his thinking. As for Mises,
+everything that he said was ideology and not falsifiable. It's just not the way we conduct
+science anymore, and any respectable economist would agree. We use the tools of empericism
+in economics in order to come to conclusions because that way we can run numbers, do studies,
+and essentially overcome internal bias and ideology. Anyhow, I do respect Mr. Friedman and
+he is one of my heros, but his old school thinking leads him to not believe in the minimum
+wage being beneficial. Many more recent studies were published basically replicating
+the Card and Kreuger study and I find this result to confirm that every economist should agree
+to a federal minimum wage of at least $12. I think the proposal to raise it to $15 would
+work as well.
+
+.LP
+.B "Richard Wolff: "
+In the capitalist system we have now, it would be good to increase the bargaining power
+of workers. It seems like both Mr. Friedman and Mises don't understand the concept
+of a labor monopsony, which means that there is a sole purchaser of labor in a given
+region. This happens often and monopsonies in our country are exploiting our workers
+today. Mr. Friedman and Mises are both going to be lost in the march of history;
+before it was slave owner and slave, then it was the monarch and the peasant, and
+now it's the captialist and the employee, yet they are defending what is the logical
+extension of unfair and arbitrary power hiearchies that have been present throughout
+history. I am afraid that the capitalist system will logically be swept under the rug
+of time, and that Mises and Milton Friedman both will be remembered as dinosaurs are
+today.
+
+.LP
+.B "MC: "
+Thanks for the opening statements! Now the floor goes to our participants.
+
+.LP
+.B "Mises: "