By: Ryan McMaken More than half of Americans receive more money in various types of government transfer payments (Medicare, Medicaid, food stamps, Social Security) than they pay in federal taxes. According to a report released this year by the Congressional Budget Office, only the top two income quintiles in the United States pay more in taxes than […]
Austrian Economics
The Economist: ‘When all job differences are accounted for, the pay gap almost disappears’
Well, feminists aren’t going to like this. For years, the left has declared that the patriarchy has purposely lowered the wages of women all over the world. Don’t you know that for every dollar a man earns, she earns just 77 cents? That’s an outrage. This myth has been debunked over and over again. No […]
No, it’s not wrong to buy your pets a Halloween costume
By: Ryan McMaken One of the more persistent myths about capitalism is that wealth and resources are “wasted” when spent on luxuries. But now this waste has reached a new level. Thanks to our abundant wealth in the developed world, we’re no longer just spending money on luxuries for ourselves. We’re “wasting” it on our pets, […]
WATCH: ‘Lov Gov’ returns with new episodes
A few years ago, the Independent Institute released a short YouTube series called “Lov Gov.” It was a funny bit about government overreach, state control, and the absurdity of bureaucrats. Well, new episodes are out and they’re just as hilarious. Here is a playlist of the latest episodes:
LOL: Nouriel Roubini claims libertarians, Mises are fascists
Economist Nouriel Roubini sometimes provides insightful commentary on a lot of issues. Unfortunately, his latest remarks do not offer much other than pain on your forehead from smacking it with your palm too many times. Lately, however, he has bought into the racial paranoia and the idea that centralized planning is necessary. Over the weekend, […]