Bipartisan Economic Illiteracy

Bipartisan Economic Illiteracy

The price system plays an essential role of making sure that entrepreneurs and business owners serve consumers. In the jargon of economists, the price system is an efficient way of allocating scare resources. Unfortunately, as Thomas Sowell has...
Showerhead Liberation Day

Showerhead Liberation Day

I was not a fan of Trump’s “Liberation Day” because it means higher taxes and senselessly destructive protectionism. But he’s given us another liberation day that is much better. The Administration has announced that American consumers will once again (sort...
Tax Loophole Madness

Tax Loophole Madness

When I write about tax reform, I emphasize that there are three equally important features of the flat tax. One low tax rate on productive behavior. No double taxation of saving and investment. No distorting and inefficient loopholes. Regarding the third...