In honor of tax day, here’s Ronald Reagan’s great quote on how there are 151 taxes in a mere loaf of bread. It’s from 1975, and I can’t say for sure if the same is true today. But if anything, my guess would be that that number has gone up, rather than down. The quote […]
The Most Important Prayer Request in the World
How does prayer relate to productivity? In many ways. One is: Focus on the important not just in your actions, but also in your prayers. Make sure you are praying for the most important thing of all. On this, see John Piper’s great post, The Most Important Prayer Request in the World.
False Solutions and Real Problems
Thomas Sowell has a great column from the other day on the housing crisis. Here are the first two paragraphs: Someone once said that Senator Hubert Humphrey, liberal icon of an earlier generation, had more solutions than there were problems. Senator Humphrey was not unique in that respect. In fact, our present economic crisis has […]
Free Jay Leno Tickets Provide Lesson on the Free Market
This is an amusing story from Greg Mankiw’s blog that also shows how free markets improve the allocation of resources.
Spending Does Not Drive the Economy, Part 1
The belief that spending drives the economy is pervasive. It manifests itself in two sub-categories: First, the belief that consumer spending drives the economy and, second, the belief that government stimulus spending assists the economy. We’ll look at each of these in turn, and then show how this relates to the topic of productivity.
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