Skip to main content


I reserve the right to be wrong.

But on the effects of economic freedom, I seriously doubt that I am...
It makes a pretty good case, but since you probably think this is some kind of conspiracy to extract your precious bodily fluids, here's the skinny on the Koch brothers, who funded this video.

I had a quick lookup of the Heritage Foundation's Index of Economic Freedom on Wikipedia. The index is pretty much the one thing I really like from this organisation. While the HF are a Conservative think tank, and their thinking does not align with my own, the simple facts collected together in this index do.

It is imperfect, to say the least. Some criticisms in that article above include a poor correlation between a country's ranking in the Index and its real GDP growth. Fair enough, but since the example of a fast growing, economically unfree country was China, a country which is playing economic catch-up to the developed nations of the world, I don't find it an overpowering criticism.

Singapore is an interesting case, because according to the Index it's the 2nd freest economy in the world behind Hong Kong. However, we all know that Singapore is not actually a free society at all; homosexuality is illegal, public conduct and grooming standards are inculcated and even legally binding. Life is unpleasant for those who are different, and yet I wonder how many Singaporeans would jump at the chance to live in a less politically repressive but impoverished and corrupt nation like Ukraine...


Popular posts from this blog

What Lingos Are Most Similar to English, Though?

Commentaryism - The Death Toll of Capitalism

How many people have died because capitalism exists? How many would still be alive if it had never existed? Let's dig in!

We will take two approaches over the course of this blog post by looking at the the death tolls attributed to the word in its broad popular definition - everything socialists don't like - versus the toll that fits the definition offered previously on this blog.

By the same token I will not lay any outsized figures at any other mode of production's door except where that mode of production demonstrably caused the problem that killed people. It's political ideologies that really matter here, and this is where the first big problem with even trying to lay a specific body count before capitalism runs into problems - there is no political ideology called capitalism.

Now then, Alfonso Gutierrez says in a comment thread that "capitalism and free-markets have murdered billions of people" which is a risky claim at the …

Trickle-down Economics as Economic Theory in Reality

I watched an interview with Deirdre McCloskey on the Youtube channel of the Institute for New Economic Thinking. [1]

After doing so I contributed to a comment thread, recreated in full below, wherein a chappy who claimed to be an economist tried to convince me that trickle-down economics actually is a serious thing after all. This was in response to my posting a link to Thomas Sowell's article The Trickle-Down Lie, and I am so far unconvinced by the tale the economist in question spun for me.

He cited a paper from the 90's as his example, and I entreat you to have a gander at its abstract and compare that to trickle-down as described by David Stockman in his interview with William Greider on supply-side economics. [2][3][4]

Steve Horwitz isn't in love with the phrase, but offers a decent definition;
It’s hard to pin down exactly what that term means, but it seems to be something like the following: “those free market folks believe that if you give tax cuts or subsidies to …