Taxes and Spending

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Under socialism, the costs of one person's decisions are spread equally throughout society, to the point that that individual hardly feels the penalties of his value judgments — short of illness and death.

Robert P. Murphy

Caplan could just as easily have written, "An optimal solution to education would actually involve gang members randomly beating up college freshmen." I am not exaggerating. Caplan's statement is literally equivalent to my own suggestion.

Frank Shostak

What matters for individuals is not whether they are employed as such but the purchasing power of their earnings.

Robert P. Murphy

Because they are based upon a falsehood, Keynesian policies fail empirically, quite obviously to anyone with an open mind.

Paul F. Cwik

The bottom line is that, for today's 21-year-old, Social Security is a negative return.

Grant M. Nülle

"Because there is no link between the 'revenue' acquired by government agencies and the costs they incur, there is no way of utilizing the yardstick of profitability to evaluate whether agencies are performing a useful function."