Tag: Economics

Trump: Invest in the United States »

His words say, invest in America. His actions say otherwise.

Capitalism’s Biggest Enemies Are Capitalists »

Capitalism is by far the most effective anti-poverty program in the world’s history.

How a Charity Uses Fake Money and Auction Markets to Help Feed America »

Feeding America is a network of 200 food banks and 60,000 food pantries and meal programs that helps to feed 46 million Americans annually, including 12 million children and 7 million seniors. The network fights hunger and poor nutrition by working with manufacturers, distributors, retailers, food service companies, and farmers to gather food before...
Read More »

Optimality—The Mainstream Economist’s Holy Grail »

In discussing the economy and especially economic policy, mainstream economists have been in love with optimality for a century or so. They have built many mathematical models from which they have derived conditions related to optimal tariffs, optimal population, optimal money supply, optimal taxation, optimal subsidies, and so forth. Indeed, for talking about the...
Read More »

Partisan Politics Disenfranchises the Minority Party »

The House and Senate have each passed their versions of a tax reform bill. Those bills now go to a conference committee consisting of members of the House and Senate to reconcile their (minor) differences so that both houses can vote on and pass the same bill. The conference committee is just a formality....
Read More »

Tax Tinkering »

It appears the Congress is getting closer to passing a tax reform bill. While there are differences between the current House and Senate versions, they are close enough that it is easy to see that they can be reconciled and tax reform legislation can be passed this year. Reform on the individual income tax...
Read More »

Voluntary Provision of a So-called Public Good »

For the past few days, several men and a fair-sized tractor front-end loader have been working on the beach road where I live north of Xcalak. None too soon, either, as the potholes have become immense in the past year or so since the last repairs. A gringo neighbor down the road organized this...
Read More »

Knowledge Better Left Unknown »

They say that a little knowledge is a dangerous thing. About certain things, however, any knowledge at all is dangerous and potentially fatal. One such piece of purported knowledge pertains to the size distribution of income and wealth. This knowledge serves no good purpose; it is wholly unnecessary for defensible government policy or action....
Read More »

Fred S. McChesney, Rest in Peace »

I first met Fred S. McChesney (1948–2017) at the Federal Trade Commission in the early 1980s. Ronald Reagan had just been elected to the presidency and had appointed James C. Miller III as the FTC’s chairman. Robert D. Tollison had been confirmed as the Director of the FTC’s Bureau of Economics. I am not...
Read More »

Progressive Democracy Works for the 1% »

The Occupy Wall Street movement that began in 2011 protested government policies that favored the 1%, the elite, over the 99%, the masses. Their protests were justified. The Wall Street fat cats who owned mortgage-backed securities were bailed out, but homeowners who had lost their jobs and couldn’t pay their mortgages were foreclosed. But...
Read More »

  • MyGovCost.org
  • FDAReview.org
  • OnPower.org
  • elindependent.org