aceloewgold

Some may have noticed the hashtag #Pizzagate around the Internet lately and aren’t sure what it’s all about. So, what is #Pizzagate? In the post that follows, I will summarize what #Pizzagate is, what’s been found so far, and whether or not you should be paying closer attention.

First off, forgive the length — quite a bit of context and explanation is required to do an explanation of the “#Pizzagate” phenomenon justice. Also, a disclaimer: In addition to being difficult to digest, much of the research into #Pizzagate is being conducted by web sleuths who supported Donald Trump for president. I only mention that because those with anti-Trump sentiments seem especially at risk for a knee-jerk rejection of the theories involved. However, keep in consideration that information gleaned by someone with a pro-Trump viewpoint does not necessarily invailidate the significance of the facts and connections uncovered. Forget their voting habits…

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#Pizzagate, Clinton, & Podesta: What is it, and is it credible?

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Thanksgiving, Redistributionism, and Libertarianism

International Liberty

What’s the fundamental problem with redistributionist economic policy?

As a libertarian, I would answer with a philosophical argument against coercion. I think it is immoral for vote-seeking politicians, using the threat of imprisonment, to rob Peter to subsidize Paul.

But as an economist, the problem is incentives. Simply stated, redistribution from Peter to Paul undermines the incentive of either to produce. And the greater the level of plunder, as we see from extreme examples such as Venezuela and North Korea, the greater the damage.

This is a lesson that we should have learned from the earliest days of American history.

In a column for the Foundation for Economic Education, Richard Ebeling explains a very important lesson about incentives and human behavior. He begins by pointing out how the Pilgrims initially created a collectivist economic system.

The English Puritans…wanted to turn their backs on what they viewed as the…

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