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Alan Reynolds

Alan Reynolds is one of the original supply-side economists. He is Senior Fellow at the Cato Institute and was formerly Director of Economic Research at the Hudson Institute.

Alan Reynolds's Articles

Surprise: Welfare Incentives Discourage Work

A new study finds that disability and food-stamp programs are an important reason for our low labor force participation rate. It turns out that if you disincentivize work, you get less work.

- October 07, 2016

From Utopia to Animal Farm

Vague allusions to social justice are often employed to suggest that a larger fraction of the economy’s benefits (food, housing, health care, etc.) could and should be distributed by government rather than by markets. But distribution on the basis of political criteria is not necessarily fairer than distribution on the basis of economic criteria.

- October 07, 2016

Five Facts about Minimum Wages

Regardless of federal, state, or local laws, the actual minimum wage is always zero.

- May 30, 2016

The Best Kept Secrets about US Trade

The deep recession and slow recovery explain what happened to manufacturing jobs over the last ten years, not foreign trade.

 

- April 08, 2016

What Marx Got Right about Redistribution – That John Stuart Mill Got Wrong

Marx saw the problem with redistribution that Ricardo and Mill ignored.

- February 15, 2016

The Ethanol Mandate Is Literally Impossible

One rule requires drivers use less fuel, and another requires that they consume twice as much ethanol.

- February 03, 2016

Higher Tax Rates Bring in Lower Revenue, From FDR to Hillary

If the goal is to shrink GDP, steeply progressive tax rates certainly accomplish that.

- September 08, 2015

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