Tag Archives

Archive of posts published in the tag: The Way the World Works

Work and Productivity

One of the reasons politicians and economists fail to understand the Laffer Curve is the confusion of work with productivity.  Politicians understand that higher taxes may make people work harder to attain the same level of after tax income, but

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Calvin Coolidge Explains the Laffer Curve

The Laffer Curve is considered by its opponents to be a form of ‘voodoo economics’, to use the phrase coined by George H. Bush when he ran against Ronald Reagan before becoming his vice president.  But the Laffer Curve is

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Religion and Economics

Jews not only monopolized money-lending prior to the fourteenth century, when Christian prohibitions against usury broke down.  The dispersion of Jews throughout the know world, east and west, also gave them international advantages in global trade and finance because family

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The True Source of Power

Our political model, then, is only slightly different from Jefferson’s, who believed that the people themselves are the most honest and safe depository of the public interests, although not necessarily the most wise.  The electorate itself, in our model, is

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