Taxes and Spending

Critical examination of the claim that justification for taxation is that there is a market failure regarding public goods and externalities.

The rich can indeed help us all, not by spending but by being thrifty and even miserly for as long as necessary to fix what the government has broken.

The horror of starvation no longer terrifies men living in a capitalist society.

"Gentlemen, you are piling up a heritage of conflict and litigation over water rights, for there is not sufficient water to supply the land." – John Wesley Powell

"It's pointless to try to wade hip-deep into DeLong's calculations, because they are meaningless."

Interviewd by Susan Modaress on PressTV’s “The Autograph,” 14 July 2010. In this episode, Dr.

According to Louis XIV, a king is superhuman, a man who is above all and sees all and is the only one working for the “public” good, wh

Jefferson rejected the Federalist axiom that in order to have peace one must prepare for war — the theory being that the more powerful a country was in armaments the less likely it was to be attacked. Jefferson doubted both the wisdom of this theory and Federalist sincerity in invoking it."

It should come as a monumental embarrassment to future social scientists to observe that their mainstream predecessors were worse than useless for

Social Security is right now in deficit, sucking funds out of the general pool. Americans should brace for further tax hikes — in the name of "saving Social Security" — and anyone under 40 should have no illusions about retirement benefits.