Tag: trade
A Tax Even Libertarians Could Love?
March 4, 2016 | Post
Nobody likes taxes. But not all taxes are equally bad. From a moral perspective, some taxes are more unjust than others – imposing costs, for instance, on precisely those people who are least able to afford them. And from an economic perspective, some taxes are more inefficient than others, distorting economic activity by discouraging work […]
Voluntary Exchange Makes Us All Better Off
February 15, 2016 | Post
Capitalism is frequently misrepresented on the news, on social media, and in numerous other places. These sources portray the big, evil company as the “dark side”, which is personified by a CEO. In contrast, the “mom and pop” small business owner is heroic – that is, until they become a “big player” and start “exploiting” […]
The Wonder of Market-Set Prices
February 5, 2016 | Post
The following appeared on Professor Don Boudreaux’s blog Cafe Hayek on January 24th, 2016. The following is an excerpt. Be sure to head over to his blog to check out the whole piece packed full of economic wisdom. In The Road to Serfdom,* F.A. Hayek makes an elaborate and important point that is summarized nicely, I […]
Why We Don’t Invade Canada
January 13, 2016 | Post
Over at Cafe Hayek, Professor Don Boudreaux has outlined an objection (or addition, really) to our recent Learn Liberty video with Peter Jaworski: War Sucks, What Is It Good For? He writes: “Countries whose peoples trade extensively with each other are less likely to go to war with each other not only because people in […]
Black Friday, Thanksgiving, and the Economy: The Economics of Black Friday Sales
December 3, 2015 | Post
As the holiday season begins, you might be getting a lot of emails about Black Friday sales. Over time, the store openings for many retailers on Black Friday has been getting earlier and earlier, even to the point of stores opening on Thanksgiving. Check out the chart below for opening hours over time for some […]
Bernie Sanders and the Fixed Pie Fallacy
November 18, 2015 | Post
Senator Bernie Sanders isn’t the only one saying it—today you can’t go very long without hearing about how “the rich are getting richer while the poor are getting poorer.” But is that really true? Chelsea German over at HumanProgress.org says “no”: “Senator Sanders is half right: the rich are getting richer. However, his assertion that […]