Economics/Capitalism
Recent News
U.S. Wealth Inequality: Not Increasing with Time
My last two columns addressed American income inequality and tax fairness. Today, the latest on wealth inequality, another aspect of current debates on proposed tax increases. Income refers to all…
Income Inequality in America: Not What They Say It Is
President Joe Biden and Congressional Democrats, claiming concern about economic inequality in America, want to raise taxes greatly on the wealthy. To understand key issues with their proposals, let’s first…
Why Capitalism Works and Government Control Doesn’t
Friedrich Hayek, perhaps the most important economist of the 20th Century, won the 1974 Nobel Economics Prize for explaining why competitive markets (capitalism) serve the public interest well but government…
