Misrepresenting Inequality
Advocates for ever-more redistribution rely on seriously incomplete and misleading measures.
Advocates for ever-more redistribution rely on seriously incomplete and misleading measures.
The concept of the perfect system of government is fallacious and self-contradictory.
To suggest that people have an unlimited demand for money is not realistic, given that people require goods to support their lives and well-being.
Otto Bauer was not a born trailblazer, and one could not expect him to come up with new ideas. But had he not been a Marxist, he could have become a statesman.
Lenin's seizure of power in October 1917 was certainly a turning point. But its meaning was very different from that which the communists attribute to it.
The Depression marked a turning point in American public policy. From this point on we hear no more about balanced budgets.
Whoever the president, whatever the party in power, Moynihan managed to land on his feet — and on top.
Relative to what is democracy "efficient"? Wittman does not say.
Private-property rights and laissez-faire were the fundamental heritage of the Roman law to later centuries.