If you have not mastered Frédéric Bastiat’s “What Is Seen and What Is Not Seen,” how dare you vote! How arrogant of you to presume to set rules for everyone else! Do something constructive on election day: stay home and mind your own business.
Mass Production Equals Mass Consumption
[R]elative shares in national income have remained substantially constant over the last hundred years. This, however, is true only if we measure them in money. Measured in real terms, relative shares have substantially changed in favor of the lower income groups. This...