— Dan Mitchell (@danieljmitchell) August 20, 2018
Per Hazlitt, fallacy endlessly stalks economics. The belief that the Fed can decree resources cheap a major fallacy https://t.co/PvLPqFLWXE
— John Tamny (@johntamny) August 20, 2018
Dan Mitchell has this today, and you should benefit from it:
In any event, our friends on the nanny-state left actually understand this principle when it suits their purposes. They propose sugar taxes, soda taxes, carbon taxes, housing taxes, tanning taxes, tobacco taxes, and even “adult entertainment” taxes with the explicit goal of using the tax code to reduce the consumption of things they don’t like.
I don’t like the idea of government trying to dictate people do with their own money, but these so-called sin taxes generally are successful because supply-siders are right about taxes impacting incentives.
A very appropriate piece for Valentine’s Day by Stephen Moore in the Investor’s Business Daily: Welfare In America: A $1 Trillion Tab And Rising.