Relevant and even prescient commentary on news, politics and the economy.

You searched for: label/Welfare Theorems

The ATM Myth

…thirty attacking labor—you should expect capital growth. But that doesn’t mean that capital growth is welfare-enhancing, or even necessarily has a positive ROI. At Bear Stearns’s main building, 383 Madison,…

King of California

…of the Mississippi — was turned into farm land with troublesome runoff and little environmental value. Taxpayers sent huge checks to “welfare farmers.” Their workers were more like wage slaves…

Sensible Tax Reform

…labor and away from non-labor income. The payroll tax penalizes job creation. By extension it fosters the gray economy, welfare-dependency and crime. This was not a serious problem in (say)…