Tag Archives: creeping socialism

Paul Krugman’s Delusions About (libertarian) Populism

Paul Krugman just does not see how free markets and prices could appeal to anyone, but particularly and especially to those who are not wealthy. The poor have no interest in an economy which is free he believes. The best the poor (indeed most people who are not as privileged as he is) can hope for are the bits and pieces, the dregs, a socialized economy can “provide.” The best bet for the poor is always is in the collective. Freedom has no point for those Krugman feels will never be free anyway. Better the poor cling to their welfare and keep their horizons low.

Read More

How the Beatles Dealt With a 98% Income Tax (That’s right 98%)

When I was a small child we lived in the United Kingdom for a couple of years just before the Thatcher revolution. In the years afterward, after we were back in the states and I was a bit older I can remember my parents talking about how colossally messed up Britain was economically. The 1970s weren’t great for America, but for our friends across the pond they were far worse.

Read More