PowerLinks 10.15.18

A global tipping point: Half the world is now middle class or wealthier Homi Kharas and Kristofer Hamel, Brookings Institute By our calculations, as of this month, just over 50 percent of the world’s population, or some 3.8 billion people, live in households with enough discretionary expenditure to be considered “middle class” or “rich.” Should we be working less? Continue Reading...

PowerLinks 10.12.18

The Curious Reemergence of Little Platoons Alexandra Hudson, Quillette Like Lincoln, Better Angels seeks to heal a broken America by improving our public discourse. The volunteer-led workshops teach skills of human connection— paraphrasing, listening, asking questions of understanding, and how to offer a critique of ones own political position—not of persuasion. Continue Reading...

PowerLinks 10.11.18

Reframing the Issue of Poverty Gabriella Siefert, The Exchange Poverty is more than just a physical reality. What Do We Learn from Amazon and the Minimum Wage? Alex Tabarrok, Marginal Revolution Amazon increased its wages voluntarily but suppose that the minimum wage had been increased by law. Continue Reading...

PowerLinks 10.10.18

Why Conservatives Can’t Understand Liberals (and Vice Versa) Jon Miltimore, FEE Psychologist Jonathan Haidt says many people today live in a ‘moral matrix’. Is Tim Keller A Marxist? Carl R. Trueman, White Horse Inn To want to change the culture is a desire of anyone who is dissatisfied with the status quo, not a necessary sign of commitment to dialectical materialism or a diabolical hatred of free markets. Continue Reading...

PowerLinks 10.09.18

The U.S. takes a disturbing plunge into protectionism George F. Will, Washington Post The descent of American capitalism into a racket is being greased by professed capitalists in government, in collaboration with professed capitalists in what is called, with decreasing accuracy, the private sector. Continue Reading...

PowerLinks 10.08.18

Do Food Stamps Reduce Corporate Labor Costs? Robert Murphy, The Beacon Why doesn’t some rival company offer these workers slightly higher pay to bid them away from their current employers? How is ‘new NAFTA’ different? Continue Reading...

PowerLinks 10.05.18

Why Intellectuals Fall for Socialism Friedrich A. Hayek, Mises Wire In every country that has moved toward socialism, the phase of the development in which socialism becomes a determining influence on politics has been preceded for many years by a period during which socialist ideals governed the thinking of the more active intellectuals. Continue Reading...

PowerLinks 10.04.18

Earned Income Tax Credit Is a Cheap Way to Beat Poverty Noah Smith, Bloomberg Opinion The earned income tax credit is highly effective and should be expanded. Why a federal minimum wage? Continue Reading...

PowerLinks 10.03.18

The Poverty of Protectionism Pierre Lemieux, EconLib A free trader is tempted to support such agreements for the good they do, not for their bad justifications. But this imbroglio risks entrenching the idea that free trade is a privilege of domestic producers instead of the liberty of both domestic consumers and producers (or their intermediaries) to individually make the best deals they can find. Continue Reading...

PowerLinks 10.02.18

Identity politics veers into identity economics Jordan J. Ballor, Detroit News To allow identity politics to become identity economics is to sow enmity and discord, and we will all reap poverty and misery as a consequence. Continue Reading...

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