Soaking the Rich Doesn’t Lead to Income Equality

– January 23, 2019

Economists Emmanuel Saez and Gabriel Zucman claim we need a 70% tax rate to stem inequality. Their argument derives from a misreading of U.S. tax history.


The Origin and Meaning of Profits

– August 23, 2018

There is no particular reason to expect that education or intellectual interests are an advantage in cultivating a habit of awareness of the sort Kirzner highlights. But there are very good reasons to argue that profits, deserved or not, are something that entrepreneurs should be legally entitled to seek.


Political Division Is How We Grow Rich

– January 31, 2018

What I’m suggesting here is that the divisions between these various centers of political, culture, and intellectual power are actually a good thing. I wouldn’t want anyone to win the great debates of our time. The end of division itself might be the worst possible outcome because it would imply that someone power source is now in charge. We actually don’t want anyone in charge. We want to recreate the conditions that made the West rich in the first place: tremendous diffusion of power and unending competition between all sectors of society.


1920 Depression v. Great Depression

– August 11, 2014

There is a reason why you’ve never heard of the depression that began in 1920.