Once upon a time, John Stuart Mill could write these words truthfully (“Of the Influence of Consumption on Production,” 1844):
It is no longer supposed that you benefit the producer by taking his money, provided you give it to him again in exchange for his goods.
He was talking, of course, about government tax-transfer programs intended to stimulate employment by subsidizing consumption. We cannot say this today.
Recent
"I've seen things you people wouldn't believe" Roy Batty played by Rutger Hauer said in his ‘Tears in the Rain’, speech at the end of Blade Runner. A film that grapples with the reality of biological and synthetic life, what is real and with the many versions of the...
A nuclear power deal can sound like paperwork until the fine print turns into a proliferation crisis. We sit down with Jon Hoffman of the Cato Institute to unpack the reported US Saudi nuclear agreement and the real meaning of a “Section 123 agreement” under the...
A single line in a must-pass defense bill can change U.S. foreign policy for years, and most people will never hear about it until it is too late. We dig into Section 219 of the NDAA and why critics say it moves beyond “supporting Israel” into something far more...
