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Taxation as Vandalism
Imagine a small town with only a few small businesses. The best, most prosperous business is the general store, which sells citizens many of their daily necessities. Just across the street is a shop that sells and installs windows. Unlike the general store, the window shop is not doing well at all. The town is [...]
20Jan2009 | Lachlan Markay | 14 comments | ContinuedForgotten Commandment (Exodus 20:15)
Mr. Wolfe is a member of the staff of the Foundation for Economic Education.
Does America’s tax and subsidy system ignore the commandment, “Thou shalt not steal”?
During the 1930’s, certain American intellectuals spearheaded what might be called an ethical uprising in the social realm. They called for government intervention to benefit the less fortunate members [...]
Why Wages Rise: 6. The Lubricant for Exchange
Dr. Harper is a member of the staff of the Foundation for Economic Education.
In the market we find persons trading the fruits of their special abilities with one another. Each does whatever economic task he can do best. He creates a surplus beyond his own needs. He then trades this with others who are [...]
Foreign Aid Fiasco
Mr. Wolfe is a member of the staff of the Foundation for Economic Education.
$115 billion worth of foreign aid has produced neither friends nor a genuine European prosperity—while it has placed American weapons in hands which may someday aim them at us.
Last March 19, President Eisenhower formally asked Congress for $4,860,000,000 for the [...]
The State
Frédéric Bastiat (1801-1850) was an economist, statesman, and author during a period when France was drifting rapidly toward socialism. His clear description of that trend and its evil consequences, written in 1849, merits serious consideration in the United States of America today.
I wish someone would offer a prize—not of a hundred francs but of [...]
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Book Reviews
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The End of Prosperity: How Higher Taxes Will Doom the Economy–If We Let it Happen
By Arthur B. Laffer, Stephen Moore, and Peter J. Tanous
