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TweetMy intrepid Mercatus Center colleague Veronique de Rugy is rightly disgusted by Uncle Sam’s fiscal incontinence. George Will has some penetrating questions for Democrats seeking to become the next...

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Quotation of the Day…

Tweet… is from page 272 of George Will’s 2019 book, The Conservative Sensibility (link added): Jefferson, in an 1816 letter, argued that what we have come to call progressive taxation would violate...

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TweetPhil Magness busts the ridiculous myth of a right-wing takeover of the American academy. A slice: Faculty growth on the political left comes at the direct expense of conservatives, who dropped...

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TweetJeffrey Tucker wisely counsels that to fight hate, celebrate capitalism. Jeff Jacoby exposes the fallacies that lead people to believe that human population growth is a scourge. While I disagree...

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Quotation of the Day…

Tweet…. is from page 283 of George Will’s insight-filled 2019 book, The Conservative Sensibility: When government embraces redistribution, it summons factions eager to get in on the action. Government...

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Capitalism By Its Very Nature is Socially Positive

TweetHere’s a letter to the Washington Post: Editor: In “Can capitalism be socially positive?” (August 28) you assert that “Income inequality is an inherent hazard of the capitalist system.” Hmmm…....

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Quotation of the Day…

Tweet… is from page 291 of the late, great Harold Demsetz’s brilliant 1982 lecture “Competition in the Public Sector,” as this lecture is reprinted in volume II of the 1989 collection of some of...

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Quotation of the Day…

Tweet… is from page 89 of Angus Deaton’s 2013 book, The Great Escape: A better world makes for a world of differences; escapes [from poverty and destitution] make for inequality. The post Quotation of...

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TweetMy intrepid Mercatus Center colleague Veronique de Rugy decries the ‘fake truth’ of many of Trump’s policy claims. A slice: While the Trump administration is always happy to brag about anecdotal...

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Quotation of the Day…

Tweet… is from page 282 of George Will’s 2019 book, The Conservative Sensibility (original emphasis): Government uses redistribution to correct social, meaning market, outcomes that offend it or some...

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Quotation of the Day…

Tweet… is from page 308 of my late Nobel-laureate colleague Jim Buchanan’s 1977 paper “Political Equality and Private Property,” as this paper is reprinted in Moral Science and Moral Order (2001), Vol....

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Bonus Quotation of the Day…

Tweet… is from page 125 of my colleagues Virgil Storr’s and Ginny Choi’s just-published book, Do Markets Corrupt Our Morals? (original emphasis): Competition [in markets] ensures that only those who...

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TweetMy intrepid Mercatus Center colleague Veronique de Rugy, writing with Jack Salmon, rightly criticizes popular proposals to further subsidize higher education. Kai Weiss eloquently exposes the...

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Quotation of the Day…

Tweet… is from pages 338-339 of George Will’s 2019 book, The Conservative Sensibility: The more that individualism can be portrayed as a chimera, the more that any individual’s achievement can be...

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Quotation of the Day…

Tweet… is from page 346 of the 1990 Transaction Publishers reprint of W.H. Hutt’s 1936 volume, Economists and the Public: And it is when demand is impartial, when purchasers are completely ignorant or...

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Quotation of the Day…

Tweet… is from pages 23-24 of the transcript of late John Blundell’s conversation (I think in 2000, and the audio of which is available here) with the late Peter Bauer, as this transcript appears in...

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TweetMy intrepid Mercatus Center colleague Veronique de Rugy describes new “reforms” at that great geyser of cronyism, the U.S. Export-Import Bank, as “little more than window dressing that would not...

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TweetKevin Williamson brilliantly exposes the noxious mix of arrogance and economic ignorance that fuels Elizabeth Warren’s attempt to have government more heavily regulate obstruct low-income people’s...

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TweetRichard Epstein ponders life on planet Thunberg. A slice: Before we join the crusade, we should listen to the independent professionals decrying the current crisis mentality. Five hundred...

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Pittsburgh Tribune-Review: “Income inequality”

TweetIn this April 26th, 2005, column in the Pittsburgh Tribune-Review, I dispute the widely believed notion that rising income inequality – or, rather, rising differences in annual monetary incomes –...

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