Category Archives: Economics

John Stossel Demolishes Popularly Believed Myths about Capitalism

It is sad but true that most people believe that free markets represent a zero sum game. Winners only win to the extent that other people lose. In reality, nothing could be further from the truth. In a free market, … Continue reading

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Progressive Good Crime

Coinciding with the Biden Administration’s push for higher taxes on wealthy individuals and a greatly expanded IRS, ProPublica published documents that purport to show private tax information of several high profile billionaires including Jeff Bezos, Bill Gates, Michael Bloomberg and … Continue reading

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Peak Biden?

When President Biden released his budget proposal this past Friday he listed his priorities in the following statement. (The budget document can be found here.) Biden’s list of priorities is typical in that it studiously avoids talking about trade-offs. Everything is … Continue reading

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The Tax Reform That Isn’t

It is now tax reform season, which means that politicians are poised to unleash even more nonsense on the public than is customary. So perhaps it makes sense to frame some of the underlying issues that are involved. First and … Continue reading

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The Trump Tax Plan

As promised, the Trump Administration released the outline of its tax plan. Predictably and amusingly enough, it was greeted by cries of horror and anguish by Progressives. It would appear that the Trump plan would allow American taxpayers to keep … Continue reading

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