Then a miracle occurs: the applied welfare economics of blackboard economics
20 Jul 2014 Leave a comment
From The Economist’s 1963 review of Capitalism and Freedom
20 Jul 2014 1 Comment
in labour economics, Milton Friedman, welfare reform Tags: capitalism and freedom, earned income tax credit, family tax credits, guaranteed minimum income, negative income tax
Curiously, a family tax credit or earned income tax credit is the most successful anti-poverty tool in the late 20th century. Furthermore, those on the Left are relatively convinced that the sole cause of poverty is a lack of money, and the solution is to give the poor more money.
Friedman, Hayek in the Constitution of Liberty, and George Stigler in his great paper on the minimum wage in 1946 all supported a guaranteed minimum income.
For State Policy Makers, the Simple (Anti) Tax Solution for Faster Growth
20 Jul 2014 Leave a comment
in economics
When people in other nations ask me for evidence in favor of low taxes, I often will ask them to compare the economic performance of a high-tax nation like France with the performance of a nation such as Switzerland with less onerous taxes.
If I’m asked by Americans, I generally suggest that they compare different states. For instance, I show them evidence that California has a much more punitive tax system than Texas. And when you look at all the available state rankings, it’s clear that there’s a big difference.
*Tax burdens as a share of state income.
*The State Tyranny Index.
*Mercatus State Fiscal Ranking.
*State Business Tax Climate Index.
*Tax Foundation’s Tax Freedom Day.
*State Freedom Index.
*Death Spiral states.
And I then ask folks to compare economic performance. There’s lots of evidence that Texas is growing much faster and creating…
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Margaret Thatcher’s brilliant last Prime Minister’s Question Time
20 Jul 2014 Leave a comment
in politics Tags: Margaret Thatcher
![[P1-AJ574_PAYMEN_20071112193244.gif]](https://utopiayouarestandinginit.com/wp-content/uploads/2014/07/d632c-p1-aj574_paymen_20071112193244.gif?w=535)
The Free Enterprise Philosophy In a 12-Cell Matrix
19 Jul 2014 Leave a comment
in applied price theory, law and economics, liberalism Tags: profit and loss, property rights
Utopia, you are standing in it! 
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