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Some Links

Tweet [1]

Arnold Kling explains that “applying macroeconomic models to questions of fiscal policy is the equivalent of using pre-Copernican astronomy to launch a satellite. [2]”  Yep.  A model’s Rococo complexity ought not be mistaken for that model’s usefulness.

Also in The American, Steve Conover explains [3] that “In the seven years from 2001-2007 (inclusive), not only did the middle class get at least its fair share of overall income growth, the income gap between the rich and the middle class actually got smaller.”

Steve Landsburg offers his thoughts on the assertion that people lack compassion if they oppose using government to force A to care for B [4].

In this short video, produced by the Mercatus Center’s Rob Raffety, some GMU folk celebrate Bastiat [5].  And this follow-up [6].

Wall Street Journal columnist Mary Anastasia O’Grady explains how American labor unions greedily pose as friends of foreigners [7].