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When inflation hits, we see higher overall prices for everyone. But inflation hits lower-income people the hardest, and they bear the brunt of this tax.
Economic PolicyProperty RightsSocialism
The New York Times recently interviewed economist Herman Daly, who insists that economic growth is economically destructive. There is much more to the story.
Free MarketsSocialismTaxes and Spending
Elites are attacking the government of Mauritius for having lower tax rates than other African countries. The real issue is the levels of taxation in other African countries.
War and Foreign Policy
While most people tend to see the Ukraine-Russia war as a current phenomenon, it is the continuation of what happened in Europe more than a century ago.
The EntrepreneurWorld History
Like all other places, Africa has a more nuanced history than what people previously have believed. The continent was not devoid of technology before the advent of colonialism, as there were pockets of inventiveness and small-scale manufacturing.
Any political statement made today, by any politician or candidate, can be answered thus: "We don't believe you."
Free MarketsSocialismCapital and Interest Theory
Thomas Piketty writes about equality and believes that reimposing communism in the West will achieve it. Mark Thornton disagrees.
Bureaucracy and RegulationFree MarketsProgressivism
Western elites are using Africa as their little laboratory for renewable energy schemes. Not surprisingly, these intitatives leave Africans in poverty and their economies in tatters.