January 5, 2010
The Economics of the Microsoft Case
January 5, 2010
The Economics of Illegal Drugs
January 5, 2010
Intellectuals and Society
January 5, 2010
Thinking Outside the House
January 5, 2010
FP2P Watch
January 5, 2010
The Books I Wish My Colleagues Would Write
January 4, 2010
Predictably Irrational or Predictably Rational?
January 4, 2010
My Sowell-mate on the Knowledge-Power Discrepancy
January 4, 2010
FP2P Watch
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.