Being Classically Liberal, on Facebook, posted this one: People like Robert Reich and Paul Krugman like to complain a lot about income inequality yet they are significantly more rich than the average american and also richer than the average CEO. Also, believe it or not the claim that the average CEO earns 300 times what…
DetailsContinuing the series I started last week, here are points six through ten in part one of the Ten Key Elements of Economics series: 6. The Four Sources of Income Growth are (a) Improvements in Worker Skills, (b) Capital Formation, (c) Technological Advancement, and (d) Better Economic Organization THE GOODS AND SERVICES THAT PROVIDE for…
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Does your behavior change when it has been predicted? Then you are acting in accordance with reflexivity: Reflexivity refers to circular relationships between cause and effect. A reflexive relationship is bidirectional with both the cause and the effect affecting one another in a relationship in which neither can be assigned as causes or effects. In…
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Do not waste time bothering whether you ‘love’ your neighbor; act as if you did. As soon as we do this we find one of the great secrets. When you are behaving as if you loved someone, you will presently come to love him. If you injure someone you dislike, you will find yourself disliking…
DetailsOr at least, lead to your death. That is the topic of today’s lecture – one that explores the unseen effects of government regulation. Bob Higgs, take it away!