Acording to Stephen Davies, there are historical examples of government spending cuts in Canada, New Zealand, Sweden, and America where the cuts did not cause economic stagnation. The spending cuts often accelerated economic growth by freeing up resources for the private sector. Check it out in a LearnLiberty video.
“Why the Conventional View of Immigration Is Wrong”. Support for the Doomlord on boatpersons?
Many people think that the case for favoring high-skill immigrants is clearcut and that illegal immigrants are undesirable. Daniel Kuehn challenges both views. He shows that there is no particularly good case for discriminating in favor of high-skill immigrants. He also argues that illegal immigrants’ willingness to take legal risks to be in the United States is strong evidence that they are, by and large, the kind of people many of us would want here.
Arnold Kling challenges the notion of “radical connectivity” as presented by progressive thinker Nicco Mele.
In our increasingly interconnected world, what can we ask or expect from our political leaders? from the technology that so aids in connecting us with one another? And how will politics affect these same technologies?
Anthony de Jasay talks about the determinants of savings. “The Charms of Deferred Cost”.
On EconTalk this week, Russ Roberts talks to Mike Munger on Milk.
On EconLog, we welcome new guest blogger Bart Wilson, who joins our regular bloggers Bryan Caplan and David Henderson, and our other guest bloggers, Art Carden and Alberto Mingari. Read their posts here.
In the Concise Encyclopedia of Economics we highlight today’s birthday of Henry George. We are delighted to recommend the new proofread, and definitive online book reading by Tim Makarios on LibriVox of our Econlib edition of Henry George’s Progress and Poverty. Listen here.
What I have done in this book, if I have correctly solved the great problem I have sought to investigate, is, to unite the truth perceived by the school of Smith and Ricardo to the truth perceived by the schools of Proudhon and Lasalle; to show that laissez faire (in its full true meaning) opens the way to a realization of the noble dreams of socialism; to identify social law with moral law, and to disprove ideas which in the minds of many cloud grand and elevating perceptions.
The College Economics Topics page on Wellbeing and Welfare.