Search:

Economics isn't about dealing with the way people *should* be, but with the way they are. Even if what you say is true, the estate tax is costly for a variety of reasons that include some of the...

It's possible that the numbers showing that tax plan benefiting the wealthy and not the non-wealthy is a product of the repatriation clause. Non-wealthy don't hold capital overseas, and if there is...

Good point. A reduction in tax on investment benefits the less wealthy the most even though it appears at a quick glance to benefit the wealthier.

As you can see, that is a list. The paper doesn't look at the economics of the situation and instead just calculates some statutes. The economic incidence of a tax is frequently felt by people who...

I read the paper his report is sourced on. The details are scant regarding why and how they're coming to the numbers they are. The models and interpretations of how the taxes work are not fully...

He's an illustration of the type of moral hazard I'm thinking of that I estimate can happen when healthcare is subsidized: a small percentage of parents will one day be in a situation in which they...

I agree. I think if we were to measure the effect over a short term it might appear non-existent. I think the effect would take a long period and would come in forms not necessarily predicted. ...

Perhaps the most sinister effect of government paid healthcare is that it breeds sickness. When a benefit/subsidy comes only when there is dysfunction, the system over time evolves towards...

Oh I forgot to mention the free market approach to the adverse selection problem of no universal coverage.

Independent Health Pools. Businesses already function as these pools, in large part due...

Something you might like that my labor professor told us: the phenomenon of inequality is such that the same general shape exists in virtually every possible subset you can think of. It's not even...

We should clarify the type of universal coverage. Universal health savings accounts or universal catastrophic coverage come with fewer problems and more benefits than universal comprehensive...

A response to this is for universal coverage. Yeah, that can fix a handful of problems, but at the expense of introducing even more problems and at the opportunity cost of not opting to fix even...

And it's more than just looking at more data. It's also about understanding the data. Example: immigration from a poor country to a rich country can lower wages in the rich country while also...

Add the world economy to that and the picture changes. Mobility has vastly improved in places like China, in large part due to some of the elements that are reducing it in the US (migration of job...

I'm pretty sure the introduction of more gold would deflate its price. The alien introduction of gold would be a supply increase which would reduce the price and increase the quantity. If gold was...

Good article and discussion. I read that back when he first posted it. Per usual, I tend to only understand about 60% of what Sumner writes about.

A point I'd like to make relevant to the OP:...

If we assume the same amount is spent in each case, I don't know of any models economists have that would show a difference in effect on the economy. Though there WOULD be a difference, it's just a...

This is not something I think economists have explained well. I've had to go back over some old textbooks to put some pieces together. Even though a shift in demand seems to never be characterized...

I forgot to add that this is only an increase in total production if it comes from something like an increase in wealth. Even if a poor person with a small savings account pulls out of that savings...

I'd like to add something to more closely address the point you were making.

When there is a change in quantity demanded, producers certainly try to meet it, which can result in a change in...

If we're talking tax cuts, it depends. Keep in mind that popular discourse incorrectly frames tax cuts that benefit the poor as benefiting the rich instead.



It would be an increase in wealth...

That's what happens when government issues a virtual takeover of a market such that the only viable competition is fringe. Other things that happens in that case are skyrocketing costs and...

Preference for educated workers is one of the best reasons to keep government out of the education market.

Wage growth has slowed since the 80s for virtually every developed economy. It has been better for the areas that went the Reagan/Thatcher route. Discussed by economist here.

The Kansas issue has...

From Say's law: "It is worthwhile to remark that a product is no sooner created than it, from that instant, affords a market for other products to the full extent of its own value."

The point...