The Taxman Returns
“The art of taxation consists in so plucking the goose as to obtain the largest possible amount of feathers with the smallest possible amount of hissing. – Jean-Baptiste Colbert, Louis XIV’s Finance Minister, 1665 The most recent $2 trillion tax…
So Now What?
Was the election outcome a reaffirmation of free market capitalism or a headlong lurch towards socialism or what Hayek termed, “The Road to Serfdom”? Wait! Is that what this election was about? Struggling with the daily COVID fear and loathing,…
The Labor Constraint
A few years ago I managed an NGO that served 20,000 subsistence farmers in Mali. I was surprised when I first arrived to find many of our farmers planting less than half their land. They might have 10 hectares but…
The Sources of Inequality
All men are created equal but they do not stay that way for long. As they age the dispersion of incomes increases dramatically. So there are two questions here. Why does this happen and is it a problem? A couple…