Freeman

Clichés of Progressivism

#36 – “Outsourcing Is Bad for the Economy”

DECEMBER 19, 2014 by TYLER WATTS

Outsourcing boosts productivity and living standards.

#35 – “Government Is an Inflation Fighter”

DECEMBER 12, 2014 by LAWRENCE W. REED

When you change the definition of "inflation," you change the responsibility for it.

#34 – “Government Must Subsidize the Arts”

DECEMBER 05, 2014 by LAWRENCE W. REED

Government funding of the arts carries with it all the downsides of dependence on politics.

#33 – “The Great Depression was a Calamity of Unfettered Capitalism”

NOVEMBER 28, 2014 by LAWRENCE W. REED

After years of cheap money and low interest rates, the Fed set the stage for a correction with a policy of steep increases in interest rates and a deflation of the money supply.

#32 – FDR Was Elected in 1932 on a Progressive Platform to Plan the Economy

NOVEMBER 21, 2014 by LAWRENCE W. REED

Franklin Roosevelt delivered a lot of central planning from Washington but that wasn't what he asked voters to endorse in the 1932 election.

#31 – “Labor Unions Raise Wages and the Standard of Living”

NOVEMBER 14, 2014 by HANS F. SENNHOLZ

Wages can only be paid out of what is produced (no production, no wages), therefore greater productivity is the key to higher wages.

#30 – Capitalism’s Industrial Revolution Cursed the World with the Horror of Child Labor

NOVEMBER 07, 2014 by LAWRENCE W. REED

It was the Industrial Revolution that improved productivity so parents could earn enough to afford to leave their children at home.

#29 – “Upton Sinclair’s ‘The Jungle’ Proved Regulation Was Required”

OCTOBER 31, 2014 by LAWRENCE W. REED

Those who uphold Upton Sinclair's myth need to take a closer look at history.

#28 – “Government Spending Brings Jobs and Prosperity”

OCTOBER 24, 2014 by HENRY HAZLITT

The broken-window fallacy reminds us to consider the future as well as the present.

#27 – “Government Must Have the Power to Make People Take Better Care of Themselves”

OCTOBER 17, 2014 by LAWRENCE W. REED

It's easy to fall into the trap of the "quick fix" that suggests the use of force to address a perceived problem.

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CURRENT ISSUE

December 2014

Unfortunately, educating people about phenomena that are counterintuitive, not-so-easy to remember, and suggest our individual lack of human control (for starters) can seem like an uphill battle in the war of ideas. So we sally forth into a kind of wilderness, an economic fairyland. We are myth busters in a world where people crave myths more than reality. Why do they so readily embrace untruth? Primarily because the immediate costs of doing so are so low and the psychic benefits are so high.
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