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…Read More Why Elizabeth Warren’s Wealth Tax Won’t Work
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,…Read More 6. Capitalism | Libertarian Public Policy with Jeffrey Miron
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…Read More Even Republicanism had its violent periods / After School Democracy ep 20
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.…Read More Free Market Economics: Why Do We Exchange Things? – Learn Liberty
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…Read More Does Stimulus Spending Work?
One often heard contemporary economic myth is that the rich are getting richer and the poor are getting poorer. Like any myth there is a nugget of truth to this. For example, if we look at the data, the top 20 percent of income earners today do have a larger share of national income than…Read More Are the Poor Getting Poorer?
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…Read More When Governments Cut Spending
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…Read More Why Thieves Hate Free Markets – Learn Liberty
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,…Read More Will Taxing the Rich Fix the Deficit?
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”…Read More Economic Freedom and a Better Life