{"podcast":{"title":"Unintended Consequences","slug":"unintended-consequences-6333409","podcast_index_feed_id":6333409,"rss_url":"https://feeds.acast.com/public/shows/643947a1309d10001195d3e7","website_url":"https://www.cato.org/multimedia/unintended-consequences","image_url":"https://assets.pippa.io/shows/643947a1309d10001195d3e7/1681475504523-083b877548b3ed611071f22874011b4a.jpeg","author":"Cato Institute","episode_count":26,"summary":"Unintended Consequences is the podcast of Regulation magazine, produced by the Cato Institute. Hosted by Peter Van Doren and Paul Matzko, the show explores how government interventions can have surprising—and often negative—consequences. Drawing from Regulation 's in-depth policy analysis and cover stories, each episode unpacks the gap between policymakers’ intentions and the real-world outcomes that follow. Hosted on Acast. See acast.com/privacy for more information.","last_synced_at":"2026-07-23T22:20:33.611819+00:00","page_url":"https://stenobird.com/podcast/unintended-consequences-6333409"},"episode":{"title":"Was Milton Friedman Wrong about the Minimum Wage?","slug":"was-milton-friedman-wrong-about-the-minimum-wage","published_at":"2026-01-15T11:45:00+00:00","page_url":"https://stenobird.com/podcast/unintended-consequences-6333409/was-milton-friedman-wrong-about-the-minimum-wage","show_page_url":"https://stenobird.com/podcast/unintended-consequences-6333409","url":"https://www.cato.org/multimedia/unintended-consequences/was-milton-friedman-wrong-about-minimum-wage","audio_url":"https://sphinx.acast.com/p/open/s/643947a1309d10001195d3e7/e/6967f32140cb06a2d418d899/media.mp3","summary":"As Milton Friedman thought that the weight of careful research about the negative effects of the minimum wage would lead to an overwhelming consensus among economists and ultimately end public support for the policy. It didn’t work out that way, as anyone old enough to remember the “Fight for Fifteen” movement knows. Peter and Paul discuss Richard McKenzie’s article about Friedman’s prediction, why Friedman got it wrong, and the furor over an influential 1994 study that showed no negative employment effects. In conjunction with Regulation Magazine Winter 2025 Edition. Hosted on Acast. See acast.com/privacy for more information.","meta_description":"As Milton Friedman thought that the weight of careful research about the negative effects of the minimum wage would lead to an overwhelming consensus amon…","key_points":[],"chapters":[],"topics":[],"duration_seconds":1756,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/unintended-consequences-6333409/episodes/was-milton-friedman-wrong-about-the-minimum-wage/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/unintended-consequences-6333409/was-milton-friedman-wrong-about-the-minimum-wage.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}