individualism for the masses!
Henry Hazlitt on "Negative Income Tax" as a policy euphemism:Trick names of this sort corrupt the language and confuse thought. It would hardly clarify matters to call a handout a "negative deprivation" or having your pocket picked "receiving a negative gift."
B.K. Marcus is an amateur political economist with no formal education in the subject. He works from Charlottesville, Virginia, as an editorial consultant for the Ludwig von Mises Institute. He is no longer a house husband, nor a faculty spouse, but he is still a dilettante, and a layabout, at least in spirit.
"It is no crime to be ignorant of economics, which is, after all, a specialized discipline and one that most people consider to be a 'dismal science.' But it is totally irresponsible to have a loud and vociferous opinion on economic subjects while remaining in this state of ignorance."
| Ludwig von Mises: "Where the free exchange of goods and services is unknown, money is not wanted." - The Theory of Money and Credit |
The "partnership of government and business" is a new term for an old, old condition. We often fail to realize that the point of much of Big Government is precisely to set up such "partnerships," for the benefit of both government and business, or rather, of certain business firms and groups that happen to be in political favor.
Murray N. Rothbard, |
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