Austro-Blogging

Now only a couple of weeks old, the Mises Economics Blog has been an extraordinary success. We’ll keep working to improve it with more features, among which (I know) should be permanent links to other blogs. Okay, let’s start with a site I only found out about today: Catallarchy, the existence of which was pointed out by Ramesh at NRO. And a few others: Roderick T.

Tax Cuts Versus Government Growth

On May 28 President Bush signed into law a $350 billion package of tax cuts and state aid. Millions of Americans will begin to see the effect of the package within weeks, in the form of bigger paychecks. Also, in July some 25 million families will receive up to $400 per child in tax credits.

With more money in their pockets, the President believes Americans will be able to spend more and this will speed up economic recovery. According to President Bush,

Commerce and Civilization

The merchant class has been the most reviled in the history of political thought. Their very existence sticks in the craw of those who, like Marxists and modern-day militarists, believe that history should be about great conflicts, and winners and losers. Why? Because the merchant class views history in a more mundane way: as a series of small steps by which people are provided the goods and services they need to overcome the great economic problem of scarcity.

Has State Action Reduced Inequality in the US.?

In previous essays, I have argued that a) we may not be measuring inequality correctly and that a proper conception of the concept may lead us to the conclusion that inequality is actually decreasing, and b) that even if inequality is increasing, it is unclear that it is necessarily detrimental to society. Here, I will show that the data on the American welfare state do not support the hypothesis that the state can reduce inequality.

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