For far too long, the fixed pie fallacy was the most widely held belief. When wars over resources were too costly to fight, society (not understanding that the ultimate resource is the human mind) went back to the good old trade wars of the mercantilist era. But something changed after the Second World War when Japan took a different path.
Saturday, September 17th will be the five year anniversary of the beginning of the Occupy Wall Street protests. This week’s links cover the protests and what they did (or didn’t) accomplish. The Lasting Effects of Occupy Wall Street, Five Years Later Throwback: What Reason Saw at Occupy Wall Street Protests What Occupy Wall Street Got […]
Many voters, especially younger voters, are “feeling the Bern.” But what exactly are they feeling? Generally, these individuals believe that some people (financially successful individuals) owe other people (low-income individuals)—and that some people, like those of the working class or youth demographic, are entitled to receive benefits at the expense of others. Is This an […]
The 2016 presidential election season is in full swing: get your popcorn ready! As public choice economist, I absolutely LOVE this particular election season! Why, you might ask? I love this election because my training in public choice—a field of economics which applies the basic principles of economics to politics—leads me to look at our […]
Recently the hearts and minds of internet users have been captivated by a simple yet radical sentiment expressed in meme form. Step aside “taxation without representation,” there’s a new taxation meme in town: Taxation is Theft. The following are the best taxation is theft memes we here at Learn Liberty have come across so far. […]
Mr. Sanders: In last-night’s debate you said: “I was on a picket line in the early 1990s against Nafta, because you didn’t need a Ph.D. in economics to understand that American workers should not be forced to compete against people in Mexico making 25 cents an hour.” I’m told that you’re a principled man who […]
From The Atlantic’s Marian Tupy: Let us start at the well of the socialist renewal, the Vermont senator. Sanders, as everyone knows, calls himself a “democratic socialist.” The word “democratic” is fundamental here, because historically socialism has not, typically, come about as a result of free and fair elections. In most socialist countries, like the […]
Bernie Sanders and Hillary Clinton have never met a tax they didn’t like. They argue that it will balance the budget and act as though it was a silver bullet to the U.S. government’s fiscal woes. But will taxing the rich really fix the budget deficit? Professor Antony Davies tackles that question in this Learn […]
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 […]