The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design. – F.A. Hayek
Posted in Classical Liberalism, Competition, Entrepreneurs, Environment on Oct 10th, 2011
Abraham Gesner’s New York Kerosene company, in 1856, began to make kerosene for the purposes of illumination. When it brought that product to market, it did not advertise itself as, “having the potential to save the whales,” though indeed that was its effect. When it did the research on this fuel, it was not the [...]
Posted in Classical Liberalism, Methodology on Oct 9th, 2011
First: I have very noninterventionist tendencies, bordering on a position of pacifism. It is also well known that I am a staunch classical liberal. Our students here have managed to get several enterprises started to promote these ideas. So, there are over 50 students who in some form or another are studying classical liberal ideas and [...]
Posted in Classical Liberalism, Taxation on Oct 7th, 2011
Continuing on with our short miniseries, let me ask a simple question for your reflection. First, recall the meme: the reason the rich should pay more in taxes is that they were only able to earn their income by hiring people that went to (taxpayer funded) public schools, employ people who drove on (taxpayer funded) [...]
Posted in Classical Liberalism, Market Failures, Taxation, You Can't Have it Both Ways on Oct 6th, 2011
Let’s return to the original claim: the reason the rich should pay more in taxes is that they were only able to earn their income by hiring people that went to (taxpayer funded) public schools, employ people who drove on (taxpayer funded) public roads and otherwise could not do what they do were it not [...]
Posted in Classical Liberalism, Taxation on Oct 5th, 2011
Continuing our slog through the minefield of the tax the rich meme – let us ask publicly: “dear class warriors, do you believe that the creation of jobs is a public good?” I suspect many will answer yes. Note that I ask this in the economic sense – meaning that when an employer hires a [...]
Posted in Classical Liberalism, Constitution, Government Thuggery on Oct 4th, 2011
Just imagine how a “free-market” police and court system would destroy our rights! They’d probably impose ghastly rules on us like, “if a crime occurs on your property, the corporation can seize the property as if the property itself were a criminal.” And then when seized, it will not compensate you, the innocent owner, and [...]
Posted in Classical Liberalism on Oct 3rd, 2011
Here is Leon Louw via David Henderson: Switzerland is the only country in the world where politicians lobby the public. Why? Because voters can overturn any law and any administrative rule Old ideas I tell ya, old ideas.
Posted in Classical Liberalism, Taxation, You Can't Have it Both Ways on Sep 30th, 2011
Let’s recall the basic argument we are addressing: the reason the rich should pay more in taxes is that they were only able to earn their income by hiring people that went to (taxpayer funded) public schools, employ people who drove on (taxpayer funded) public roads and otherwise could not do what they do were [...]
Posted in Central Planning, Classical Liberalism on Sep 29th, 2011
If I were to list some problems with modern American society and include on that list these items: Excessively large numbers of people relegated to prisons. Many of them are not real criminals, and the prisons are so overcrowded and budgets so tight that states have turned to outsourcing some of the work to private [...]
Posted in Classical Liberalism, Politics, Taxation on Sep 23rd, 2011
I’ve finally tired of hearing poorly thought out arguments for why the rich should pay more in taxes than everyone else. So as to not make any one post run on too long, let’s do these as a series of short posts. Let me say at the outset that: I understand that nothing I will [...]
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