YAL in Action

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

Tag: Economics in One Lesson
  • Pat Robertson and the Broken Window Fallacy

    …or maybe “the Haitian earthquake fallacy.” From David Kramer at lewrockwell.com: Maybe if we’re lucky we could get a cataclysmic earthquake of our very own!  For an economic refutation of this Keynesian fallacy, read, of course, Henry Hazlitt.  The moral refutation should be self-evident.

  • WSJ: Cash for Clunkers is “Crackpot Economics”

    The Wall Street Journal takes a look at the cash for clunkers program: this is crackpot economics. The subsidy won’t add to net national wealth, since it merely transfers money to one taxpayer’s pocket from someone else’s, and merely pays that taxpayer to destroy a perfectly serviceable asset in return for something he might have …

  • Henry Hazlitt on Stimulus

    From the Washington Post: Obama’s economic team released a report on the stimulus impact on jobs: The 27-page report defends Obama’s view that the stimulus package will create or save 3.5 million jobs by the end of next year, though its predictions were partly based on 2007 Labor Department data put together before the worst …