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Quotation of the Day…
Tweet… is from pages 108-109 of Thomas Sowell’s 2023 book, Social Justice Fallacies (original emphasis): Arguing as if some people’s high incomes were deducted from some fixed or predestined total...
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Quotation of the Day…
Tweet… is from page 128 of David Schmidtz’s excellent 2023 book, Living Together (footnote deleted): Robert Frank once reported being baffled that I would reject modest redistribution from rich to...
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TweetThe Wall Street Journal‘s Editorial Board decries the defining-down of free speech on campus. A slice: Columbia’s anti-Israel encampment and protests have included physical intimidation of Jewish...
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TweetRyan Bourne reports on the war on prices. A slice: The long sweep of history, from ancient Egypt to modern America, shows us that price controls can’t quell inflation, because they don’t...
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TweetGMU Econ alum Dave Hebert explains that so-called “trade deficits” are “accounting masquerading as economics.” Two slices: Trade deficits are one of, if not the, most misunderstood concepts in all...
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Quotation of the Day…
Tweet… is from page 67 of Thomas Sowell’s 2023 book, Social Justice Fallacies (footnotes deleted; links added): The turnover rate of individuals is especially high in the highest income brackets. What...
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TweetGeorge Will writes judiciously about the U.S. Supreme Court’s ruling in Murthy v. Missouri. A slice: Samuel A. Alito Jr., joined in dissent by the other conservatives, Clarence Thomas and Neil M....
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TweetMy intrepid Mercatus Center colleague, Veronique de Rugy, reports on a revealing study of the effects of unconditional cash handouts by government. Joel Zinberg exposes in detail the sophomoric...
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TweetMy Mercatus Center colleague Alden Abbott makes the case against using antitrust to regulate AI. The Wall Street Journal‘s Editorial Board isn’t impressed with Gavin Newsom’s denial of the...
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TweetWall Street Journal columnist Andy Kessler details how the New Right looks left. Two slices: I like J.D. Vance’s background. Humble beginning, Marine, Big Ten and Ivy League graduate, author,...
View ArticleThoughts on Income Inequality
TweetIn my latest column for AIER I offer a few thoughts on income inequality. A slice: Also bear in mind that people are economically mobile. Many of today’s low-income workers will be tomorrow’s...
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TweetPhil Magness has a new paper detailing the many problems with Thomas Piketty’s data. Here’s the abstract of that paper: The Law and Political Economy (LPE) movement frames itself as a legal retort...
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Quotation of the Day…
Tweet… is from pages 222-223 of David Schmidtz’s excellent 2023 book, Living Together (footnote deleted): No system of property can look fair to those who see it as a snapshot. It is not possible. In a...
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Quotation of the Day…
Tweet… is from page 170 of the late Robert Nozick’s remarkable 1974 book, Anarchy, State, and Utopia: The man who chooses to work longer to gain an income more than sufficient for his basic needs...
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TweetHere’s GMU Econ alum Dave Hebert’s Wall Street Journal letter in response to John Paulson’s feeble attempt to defend Trump’s tariffs: Mr. Paulson joins the chorus propagating the debunked belief...
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TweetPhil Gramm praises Jimmy Carter, who turns 100 today. Two slices: Jimmy Carter, who turns 100 on Oct. 1, doesn’t get enough credit for the quarter-century economic boom from 1983 to 2008 and the...
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TweetJeremiah Johnson defends economic growth against its detractors on the left and right. Five slices: Economic growth matters, and when we quantify it, we are not dealing with abstract numbers....
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TweetGeorge Will – inspired by Nicholas Eberstadt – warns of declining population and encourages more immigration. Two slices: For the first time since the Black Death in the 1300s, he writes in...
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Quotation of the Day…
Tweet… is from page 134 of Thomas Sowell’s 2008 volume, Economic Facts and Fallacies: Concern over poverty is often confused with concern over differences in income, as if the wealth of the wealthy...
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TweetThe Wall Street Journal‘s Editorial Board ponders “the madness of Luigi Mangioni.” A slice: It’s a dreadful sign of the times that Mr. Mangione is being celebrated in too many places as a worthy...
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