Wage stagnation?

Wow. GMU economist Don Boudreaux destroys the wage stagnation theory



I mentioned a couple of points on my posts on inequality here, and here, but Boudreaux does a much better job of outlining the issues and their implications.

Memo to OWS: here are some things free-marketeers actually think

Memo to OWS: Ten things that free marketeers actually think

HT: Carpe Diem.

A sample.

1. Free-marketeers resent the bank bailouts
2. What has happened since 2008 is not capitalism.
AM: I would add, the forces leading up to 2008 were not particularly 'capitalist' either.
3. If you want the rich to pay more, create a flatter and simpler tax system.
4. Those of us who believe in small government are not motivated by the desire to make the rich richer.
5. We are not against equality. We generally recognise the benefits in Scandinavian-style homogeneity.
6. Nor, by the way, does state intervention seem to be an effective way to promote equality.
7. We're not on the side of vested interests or elites.
8. Capitalism, with all its imperfections, is the fairest scheme yet tried.


AM: Excellent points. OWS protesters do a good job of bashing strawmen, but rarely engage with what libertarians and pro=market people actually think.