Trying to expand upon a really good article by William L. Anderson at the Mises Institute: “Yes, Heather Cox Richardson Is Economically Illiterate – And Proud of It”
Bill notes how using wealth inequality as a measure for economic health is a major problem. I talk about his conclusions and try to expand on them a bit.
No extensive notes for this one, I just keep seeing people shilling for this idiotic unrealized gains tax, and I felt compelled to say something.
As Bastiat tells us, it’s not just the immediate effects of a policy we should look at, it’s the longer-term and more subtle effects that we must understand before we implement it.