©2016 Bloomberg View O4TH686KLVR5 (Bloomberg View) — California has reached a deal to raise its statewide minimum wage to $15 an hour. This would certainly be a breathtakingly broad political experiment. The question is whether it will turn into a breathtaking disaster. The left wants to believe that it is

published Aug 23rd 2016, 4:17 pm, by Noah Smith (Bloomberg View) — I miss 2011. Looking back, that was the heyday of economic blogging. The financial crisis had abated, but the recovery from the recession was disappointing, and everyone was talking about how to jump-start growth. Macroeconomics was important again.