All due deference to Jerry Seinfeld, the man who is one of the geniuses behind the greatest American sitcom about nothing, but in the recent war/argument/discussion/exchange over the status and future of New York City, it is hard to award dear Jerry with a win.
I have discussed the origin of Mises’s 1920 article ”Economic Calculation in the Socialist Commonwealth” here. That article provided the theoretical framework to understand why socialist economic planning is inherently irrational.
By a popular way of thinking, it is the role of the central bank to make sure that economy follows a path of stable economic growth and prices. The economy is perceived to be like a spaceship that occasionally slips from this trajectory.
Listen to the Audio Mises Wire version of this article.
[Originally published September 2013, by Mises Canada.]
The French revolution promised liberté, égalité, fraternité for its citizens. The present situation is somewhat different. Nowhere is this more apparent than in tax treatment.
[Originally published November 2013]
The Globe and Mail has been up in arms over the growing wealth divide in Canada. Or at least the perception of a growing wealth divide. As part of its Wealth Paradox series, this weekend’s edition looked at some policies aimed at reducing income inequality in the country.
