Wealth Is Not a Fixed Pie

Wealth Is Not a Fixed Pie

One of the most destructive myths in economics is the zero-sum fallacy. Back in 2018, I shared a cartoon that sought to debunk the notion that one person getting richer meant another person had to be poorer. But I wasn’t satisfied with the...
Part II: Oxfam Is a Leftist Joke, Not a Real Charity

Part II: Oxfam Is a Leftist Joke, Not a Real Charity

As I wrote nine years ago, Oxfam is a pathetic organization. Originally created to help the poor, it has been captured by activists who peddle class warfare. But they play that role in an incredibly sloppy fashion. In all the debates I’ve been part of over the...

Americans Are Getting Richer, Part II

Two years ago, I expressed guarded optimism about the economy and government policy. …we don’t need perfect policy to get more prosperity. The economy simply needs “breathing room,” which will exist so long as politicians don’t get too crazy about...