BRYAN CAPLAN
May 7, 2013
Keynesian Bets: What's Out There
May 6, 2013
Keynesian Bets Bleg
May 6, 2013
The Pyramid of Macroeconomic Insight and Virtue
May 2, 2013
A Natalist Provision
May 1, 2013
I Was a Teenage Misanthrope
DAVID HENDERSON
May 5, 2013
John Thacker on Vaccinations and the Sequester
May 3, 2013
Chef Rudy's Virtues Project
May 2, 2013
My take on Reinhart and Rogoff
May 1, 2013
Medicare Kills a Program
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Your bleeding heart libertarianism would be hell on the credit industry. Also, if I bought a $200,000 house today does that count as current consumption or is it amortized for the expected life of the residence (or some other period, perhaps the mortgage?). Does the same apply to cars, other durable goods?
It sounds like everyone is coming to a nice left-libertarian convergeance with Phillippe van Parijs.
still sounds like theft to me
By theft, I meant plunder in the Bastiat sense of the word. When person A takes from person B to give to person C, that is theft. And theft (or plunder) ruins economic incentives.
Ever hear of the Iron Law of Wages? Ever watch what happens to lottery winners? Not to be overly rude, but if you give dumb, poor people money they'll piss it away. (Although I still prefer the AK/Murray plan to what we have now.)
Gee, isn't there something called the Earned Income Tax Credit? Most people earning under 30K pay no net income tax at all. Sure, give hoboes cash. That'll get 'em off the street. The missing ingredient is prudence. And the government's got none of that to give away.