YAL in Action

Check out YAL activities on campus and updates from around the liberty movement.

Tag: Economic Fallacies
  • New Poll: 80% of Americans in Need of Economics Lesson

    I was just browsing Reddit when I saw a link that caught my attention: 80% of Americans Support Raising the Minimum Wage to $10.10 per hour.  My first thought was, “80 percent? Wow.” And not a good “wow.” I am baffled by this statistic. But then I did a little bit of research (not much at …

  • Debunking Statist Arguments: Tax away Our Debt

    I started this series of blog posts about a month ago when I wrote on the myth of how minimum wage laws help the poor.  This time, I’ll focus on an issue that is much more prevalent in today’s political climate: taxation. Argument: We can tax ourselves out of debt!  If only the rich paid …

  • Palmer on the Broken Window Fallacy

    In a lucid explanation of the Frederic Bastiat’s broken window fallacy, Cato’s Tom Palmer explains why destruction of property and mass murder doesn’t stimulate the economy, contra Keynesians like Paul “9/11 could do economic good” Krugman: