Tag Archives: entrepreneurs

How taxes cause unemployment

By Arthur Middleton Hughes  It is clear that high rates of taxation lower the rate of economic growth, and that states that lower their tax burdens are rewarded with an enhancement in their economic growth. Income taxes levied on individuals … Continue reading

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Why the free market is successful

By Arthur Middleton Hughes The price system is just one of those formations which man has learned to use…after he had stumbled upon it without understanding it. Through it, not only a division of labor, but also a coordinated utilization … Continue reading

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What the Fed is doing to our money

There is no justification in history for the existing position of a government monopoly of issuing money. It has never been proposed on the ground that government will give us better money than anybody else could. It has always, since … Continue reading

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Why are some countries rich and others poor?

There appears to be a tradition among our country’s lawmakers of using the law to redistribute wealth rather than to help create it. From this standpoint, the law is essentially a mechanism for sharing a fixed stock of wealth among … Continue reading

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The Industrial Revolution

A series of events in England in the 1700s let up to the magical period from 1760 to 1830 called The Industrial Revolution. It changed England and the world forever.[i]  Farming had gotten much more efficient in the 1700s and … Continue reading

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Poverty is not a disease

The War on Poverty was officially started by President Lyndon B. Johnson in his State of the Union address on January 8, 1964. Studying his speech and subsequent programs, one gets the idea that poverty is something terrible that happens … Continue reading

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Major Economic Schools of Thought

In the physical sciences, there is a large body of theory which has been widely accepted as correct. The disagreements are found only in very new concepts, like dark matter in space or global warming. Eventually these disputes are resolved … Continue reading

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