According to research conducted by Phil Gramm, the late Robert Ekelund, and John Early, documented in The Myth of American Inequality: How Government Biases Policy Debate and summarized in this video: The bottom 20 percent of households have an average annual income...
Economics
Immigration Talk
I talk about immigration with Michael Liebowitz on The Rational Egoist.
Democracy and Free Stuff
Democracy: the matching up of people who want free stuff with politicians who promise free stuff. Problem: free stuff as they all imagine it does not exist. However, it does exist in the market, as explained by Frédéric Bastiat in Economic Harmonies, chapter 8,...
TGIF: Government Undermines Civilization
The good, great, and prosperous society depends on ever-widening trust among strangers. It's not blind trust -- ways to hedge against cheaters abound -- but trust is vital. It is as vital as respect for private property and privacy. Like the system of private...
Economics in One Other Lesson
"The number one principle of economics...: the secret of mass consumption is mass production.... What about distribution? Here's what we know from all of human history, all of economic history. Any large increase in production is widely shared. There's no such thing...
TGIF: The Economic Is Personal
Contrary to accepted doctrine, we have no grounds for regarding so-called economic liberties as less important or less worthy of protection than so-called personal, or civil, liberties. That's because we have no essential grounds for distinguishing so-called economic...
This Is the State
Biden’s Sham Snickers Salvation Shtick
In 1896, Democratic Party presidential candidate William Jennings Bryan made a famous pro-inflation speech, proclaiming "you shall not crucify mankind upon a cross of gold" (and stable prices). In 2024, President Joe Biden is campaigning for re-election by denouncing...
Podcasts
