Can one make too much money? Are the poor getting poorer? Will the rich amass so much wealth that it will leave none for the rest of us? No. Unfortunately affirmative responses are all too common and simply betray an ignorance of basic economics. The mantra “the poor are getting poorer…” is a statistical sleight [...]
Archive: July 2011
July 31 / 2011
Equalization?
Equal. This simple word conceptualizes our most basic and noble sentiments: all men are created equal…equal protection under the law, etc. But, it has a sinister sibling that it is often confused with: “equalization”. This concept is the dubious notion that we should forcefully create a state of “equality” among all citizens, at least on [...]
July 07 / 2011
