SITE UNDER RECONSTRUCTION
Hope to be back and up and running soon.
Category: Uncategorized
Socialism and the Experts
A critique of a recent New York Magazine article on recommended readings on socialism, along with the critics suggestions of books actually worth reading on the subject.
How drinking beer can explain the tax system
Here’s an amusing animation that explores the problem of how tax cuts in a progressive tax system lead to politicized envy. You may want to hoist a few beers when you’re done.
Reminder: the Minimum Wage is Always Zero
As minimum wages go up, jobs vanish and wages often shrink because fewer hours are assigned to remaining workers. A new study reminds us of the immediate consequences of government wage intervention. After Republicans ended the slave system run by the Democratic donors, they sort of understood economic theory. That’s why southern Democratic segregationists invented the minimum wage. They wanted to price Africans out of the job market so they couldn’t take work at lower wages than those paid to white Democrats and their buddies in the Ku Klux Klan.