- Price controls prevent higher costs to consumers;
- reducing unemployment requires creating more jobs;
- larger incomes for some people require smaller incomes for others;
- free, or low, tuition reduces costs to students;
- unemployment is wasteful;
- stockbrokers and investment advisors predict better than throwing a dart at a list of stocks;
- international trade deficits are bad and surpluses are good;
- inflation is caused by government deficits;
- government budget deficits reduce saving and raise interest rates;
- new taxes are borne by the consumer of the taxed items;
- employers pay for "employer provided" insurance;
- tax-exempt bonds avoid taxes;
- minimum wages help the unskilled and minorities;
- housing developers drive up the price of land;
- foreign imports reduce domestic jobs;
- "equal pay for equal work" aids women, minorities and the young;
- very low unemployment causes inflation; and
- the Federal Reserve Board controls the rate of interest.
Source: Universal Economics
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