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Tag Archives: economics
Richard Epstein on Income Equality
“It’s not the equality or inequality; it’s the possibility of earning a high rate of return… In a world with genuine opportunities you’ll create billionaires. In a world without it, the people at the bottom will remain where they were, … Continue reading
Mises on Inequality
A couple of paragraphs that stood out to me from Ludwig von Mises’ article, “Inequality of Wealth and Incomes“: People can consume only what has been produced. The great problem of our age is precisely this: Who should determine what … Continue reading
Deregulation is Bad?
For my deregulation-hating friends, from Washington Post via David Boaz at Cato: The freedom of individual pursuit — as long as one stays away from politics — is one undoubted achievement of Russia’s post-communist development. Putin’s government reinstated the Soviet-style political … Continue reading
More Than Consumption
What I find remarkably… stupid, to put it bluntly, about Keynesian economics is that it only looks at consumption. “Aggregate demand”, in any discussion or explanation I’ve ever heard, is only focused on consumption of some sort, and in popular … Continue reading
Starve the Beast – For Real
I think a lot of Americans have been conned into believing that government jobs are free. They’ve also been sold on the economic theory popular with politicians that consumption spending is all that matters. The truth is, for the better … Continue reading
The Absurdity of Intellectual “Property”
Jeffrey Tucker at Mises blog Of course, under a strict IP model…[n]o one could emulate another and commercially profit. One business could not directly compete with another that had any idea first. The government would protect all thoughts as owned … Continue reading
Good Post on Health Care Costs and Economics
Over at Mises.org they have a very good and thorough explanation of the economics of health care, written by an M.D. It includes a breakdown of costs, a description of Medicare liabilities, an explanation of why health “insurance” is not … Continue reading
Stimulating Thought
Want to truly “stimulate” the economy? The key is to move capital to more productive activities. Government “stimulus” spending is well-intentioned, but flawed. Public sector programs are virtually never as efficient as private sector because of the burden of bureaucracy … Continue reading
Rural Wireless Internet: A Better Means to Achieving Policy Goals
This story I just saw reminded me of something I was thinking about this morning: if the FCC were really serious about getting broadband internet access to rural areas, here are a few steps I’d recommend: Massively deregulate broadcast radio and … Continue reading
