Homines libenter quod volunt credunt
Posted in Market Failures on Jun 29th, 2010
… the government of Minnesota runs the liquor stores there. It operates on a monopoly basis AND they are the ones to dole out liquor licenses. They operate at a LOSS. Can’t wait for that health care when I am older! Maybe they are just giving away the booze to all of the people they […]
Posted in Corporatism on Jun 29th, 2010
(1) Last Thursday, the U.S. Export-Import Bank denied loan guarantees to Reliance Power Ltd., an Indian utility building a coal-fired power plant near Sasan, India. Bucyrus International Inc., a South Milwaukee-based manufacturer, was ready to export some $310 million in mining equipment—and about $600 million over three years—but Reliance’s order was contingent on the favorable […]
Posted in Taxation on Jun 29th, 2010
Followers of Henry George (a fine economist) argue that land should be heavily taxed and activities that are truly productive (like labor) should be lightly taxed. The argument is used because it is thought that such a system would improve output and also produce a more just “distribution” of wealth. The reason to tax land, […]
