Libertarianism

Why Elizabeth Warren’s Wealth Tax Won’t Work Why Elizabeth Warren’s Wealth Tax Won’t Work

We can’t afford just to tinker around the edges, a tax credit here, a regulation there, our fight is for big structural change. Elizabeth Warren wants the federal government to provide free healthcare for every American, college for every student who wants it, childcare for every parent, and housing for low income families. And she…

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6. Capitalism | Libertarian Public Policy with Jeffrey Miron 6. Capitalism | Libertarian Public Policy with Jeffrey Miron

Today we’re going to talk about capitalism, in particular, the regulation of capitalism. As you know, market economies have all sorts of regulations, in various ways, of various industries, broken into a broad number of general categories – antitrust regulation, consumer protection laws, entry barriers, licensing restrictions, environmental policies, health and safety regulation, and much,…

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Even Republicanism had its violent periods / After School Democracy ep 20 Even Republicanism had its violent periods / After School Democracy ep 20

In the hunter/gatherer society, there was rarely any king. It was most often very democratic and socialist. The tribe was loyal to each other. But the tribe was at most 150 people. Around the number limit where the brain can view that many people as fellow trustworthy humans and remain altruistic. It is the limit…

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Free Market Economics: Why Do We Exchange Things? – Learn Liberty Free Market Economics: Why Do We Exchange Things? – Learn Liberty

In 1944, at the height of World War II, a British economist named Radford was serving in the army. He was captured and lived in prison camps for more than a year. Prisoners at the camps received Red Cross packages that contained food, cigarettes, and a few necessities. These were precious supplies in POW camps.…

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Does Stimulus Spending Work? Does Stimulus Spending Work?

Following the bursting of the housing bubble both the Bush and Obama administrations attempted to jump-start the economy with stimulus spending. Stimulus spending is often accompanied by the phrase “the government must create jobs.” The theory is that every dollar the government spends is income for someone who, when he spends that income, provides income…

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When Governments Cut Spending When Governments Cut Spending

What history, and both recent history and the most distant past history tells us is that bringing your spending under control through budget cuts and stringency bears big dividends in the short term and the medium term. Obvious case is Canada. Canada’s public finances in the 1990s were in a truly terrible mess. They took…

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Why Thieves Hate Free Markets – Learn Liberty Why Thieves Hate Free Markets – Learn Liberty

I know how to get a free suit. All I have to do is go to Macy’s, get a suit, charge it, and then when the bill comes, rip it up. Ethical issues aside, you see the main problem with this approach is that I can only do it once. The next time I go…

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Will Taxing the Rich Fix the Deficit? Will Taxing the Rich Fix the Deficit?

Can we balance the budget by taxing the rich? Let’s look at how much Americans pay in federal taxes compared to their incomes. Accounting for federal income taxes and tax credits, the richest 5 percent of Americans paid almost 30 percent in taxes in 2009. The 20 percent of poorest Americans paid negative 1 percent,…

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Economic Freedom and a Better Life Economic Freedom and a Better Life

Everyone wants to make the world a better place. But not everyone understands how economic freedom leads to wellbeing. The cornerstones of economic freedom are personal choice, voluntary exchange, the freedom to compete in the markets, and private property rights. These freedoms comprise the core of what’s measured in the “eEconomic fFreedom of the wWorld”…

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