Whereas people want to have choice over how they spend their money, bureaucrats want us to suffer constantly, and be intensely aware of what we use, trusting not the price system to determine our consumption patterns but rather obey regulations and strictures.
Affluence and subsistence are two very different standards, and if welfare statists choose to import arguments for mere subsistence — as with appeals to the alleged lack of freedom of the starving man — then they must be held to this standard.
Most observed instances of monopoly were in fact generated by government sanction (e.g., public utilities).
If Krugman wishes to claim that progressive taxes do not adversely affect incentives, he needs to offer a theoretical account of why this is so.
However modest in size, including possibly being actually negative, net investment represents the true source of most revenue and income.
Now, some of the locals are feeling the pain as lady luck, bad math and bad judgment are punishing them.
Child-labor laws were and are a blow against the freedom to work and a boost in government authority over the family.
Recorded at the Mises Circle in Houston: “Great Economic Myths,” Saturday, 26 January 2008; Sponsored by Jeremy S. Davis.
OFCOM, by forcing the functional separation of BT and the creation of BT Openreach, altered the structure of production that the market had set up in answer to customer preferences.
