The Biden Budget: Smoke, Mirrors, and Class Warfare
“Beyond tired class warfare rhetoric and anti-competitive measures, the Biden administration is attempting to increase not only the size of the state (through more taxing and spending), but also the scope of the state, through misguided commercial and industrial policy.” ~ Nikolai G. Wenzel
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What To Do About Deficits, Debt
“When it comes to fiscal follies, this time is different. Let’s not pass the buck. Instead, let’s make the necessary sacrifices to ensure the long-run integrity of the United States. Let’s plant the trees.” ~ Alexander William Salter
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The Unconstitutional Tax on “Unrealized Capital Gains”
“Much like the contrived economic arguments behind the wealth tax, its legal arguments are a result of politically motivated reasoning to bring about a new tax system that the Constitution prohibits.” ~ Phillip W. Magness
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How Did We Get Here: The Coming Standardization for Policy Implementation of ESG
“The ESG industry shows no signs of slowing down, and initiatives seem to be ramping up on a global scale. As such, it is worth considering how we got here, who is in charge, and what lies ahead.” ~ Kimberlee Josephson
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Economic Freedom Matters! More Than You Think!
“Because the lies regarding GDP are concentrated in politically and economically unfree countries, any assessment of the importance of economic freedom to living standards will be biased favorably toward illiberal regimes, and against finding an effect of economic freedom.” ~ Vincent Geloso
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Faucism’s New Deal Origins
“Many Americans want to ‘drain the swamp,’ and need to find a way to do so before the swamp drains them of the remnants of their individual autonomy and bank accounts.” ~ Robert E. Wright
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There’s No Such Thing as a Wage-Price Spiral
“The recent uptick in inflation is worrying, and the Fed needs to get a handle on the situation before higher inflation expectations become entrenched. But the Fed doesn’t need to take a sledgehammer to labor markets to ease the economy’s pricing pressures.” ~ Alexander William Salter
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The Tooth-Fairy Economics of Slavery Reparations
“If the US government tried to implement the reparations program that the 1619 Project espouses, we would get huge increases in both taxes and inflation. Yet the key economist advising on this proposal denies that any taxes would have to increase.” ~ David R. Henderson and Phillip W. Magness
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The Myth of Rural “Assistance”
“Just as in the New Deal electrification boondoggle, it is a much better value, from a bureaucratic perspective, to waste taxpayer money than to allow organic, free-market solutions to beat them to the punch.” ~ Paul Schwennesen
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This is Why We Can’t Have Nice Things: Directionalists vs. Destinationists
“Being proud of the purity of your positions by defining Friedman, Stigler (and Munger, let’s face it) as ‘reds’ is a recipe for well-deserved irrelevance in a system governed by numerical majorities.” ~ Michael C. Munger
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For a Fair and Efficient Tax Policy, Restore the SALT Deduction
“Restoring full deductibility would realign the Republican party’s position on this issue with a more free-market approach to tax fairness and its long-time support of supply-side tax analysis, which guided most of the other changes in 2017.” ~ Roy Cordato
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Proponents of Fiscal Stimulus Need to Stop Using World War II as an Example
“If proponents of fiscal stimulus want to use wartime spending as an empirical illustration to make their case, they need to be aware that doing so relies on a bad understanding of economic facts.” ~ Vincent Geloso
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