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
A former high school baseball player, with a successful businessman as a father and, a promising young man with a ‘bright future’ ahead of him avoided prison for the rape, strangulation, and violent assault of two teenage girls. He was facing up to 78 years in prison,...
John and I read and discuss chp 1-3 of Ordinary Men
Ukraine can look stable on a map while collapsing through its supply lines and that’s where we start. Zelensky claims his relationship with Donald Trump has “absolutely changed” after a private meeting, but we stress-test that optimism against a tougher metric: what...
