Supply and demand

Notable Quote – Deirdre N. McCloskey

by Skip August 22, 2016

The enrichment [of the modern world] came mainly from bourgeois liberty and creativity unbridled, not from piling up constraints on voluntary deals or from redistributing what income we get from the deals. Wages and working conditions, after such shocking enrichment, are in fact determined largely by supply and demand, not by regulations passed by Congress […]

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Driving Out The Competition

by Steve MacDonald February 7, 2013

I have posited elsewhere in these pages that the government (when run by this particular crowd of liberal Democrats at least) very likely engages in tax policy designed to eliminate political competition. If, for example, you drive off all the wealthy people or confiscate so much of their wealth that they cling (bitterly) to whatever […]

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