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Some Links

Summary:
Bob Higgs explains why knowledge of the income or wealth ‘distribution’ is worse than worthless.  A slice: They say that a little knowledge is a dangerous thing. About certain things, however, any knowledge at all is dangerous and potentially fatal. One such piece of purported knowledge pertains to the size distribution of income and wealth. This knowledge serves no good purpose; it is wholly unnecessary for defensible government policy or action. It serves only as fuel for economic misunderstanding and demagoguery. It feeds envy and provokes public mischief. If such knowledge were completely unknown, no decent project would be harmed, and a multitude of destructive policies and actions would be rendered more difficult to initiate or carry out. Also on income differences is Richard

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Bob Higgs explains why knowledge of the income or wealth ‘distribution’ is worse than worthless.  A slice:

They say that a little knowledge is a dangerous thing. About certain things, however, any knowledge at all is dangerous and potentially fatal. One such piece of purported knowledge pertains to the size distribution of income and wealth. This knowledge serves no good purpose; it is wholly unnecessary for defensible government policy or action. It serves only as fuel for economic misunderstanding and demagoguery. It feeds envy and provokes public mischief. If such knowledge were completely unknown, no decent project would be harmed, and a multitude of destructive policies and actions would be rendered more difficult to initiate or carry out.

Also on income differences is Richard Epstein.

Mike Munger ponders fake news.

Here’s George Selgin on some recent proposals for improving U.S. monetary policy.

Steve Globerman calls for an end to the war against imports American consumers who wish to spend their money as they choose.  A slice:

What is not disputable is that the broader the U.S. government’s definition of unfair trade practices, the more complaints it will receive from American companies seeking to reduce or eliminate foreign competition. Moreover, the weaker the legal standards to “prove” unfair trade practices on the part of foreign competitors, the more American companies will focus on increasing profits by pleading for tariffs and other trade actions, rather than by innovating and improving efficiency.

George Leef wisely calls on colleges and universities to lose their mindless obsession with “diversity” and replace it with a concern for rationality.

David Henderson recalls Bryan Caplan’s survey of communism.

My Mercatus Center colleague Dan Griswold is right to keep pointing out that Trump’s ‘understanding’ of trade in general, and of trade deficits in particular, is wholly without foundation.

Here’s a video of my intrepid Mercatus Center colleague Veronique de Rugy’s recent discussion of tax policy with Soledad O’Brien.

Back to Bob Higgs, this time on ‘A Poor Politician.’

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Don Boudreaux

He is a professor of economics at George Mason University in Fairfax, Virginia. Previously, he was president of the Foundation for Economic Education.

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