Monday, July 28, 2014

Highly Linkable

I've been on some of these. Perhaps I should set a goal to eventually be on each one. See if you can spot the one Forrest Gump was on. There is also one that looks a lot like the one where Joan Wilder first got into trouble (but it isn't the one; that one was in Mexico posing as Columbia).

Let's hit these by author in this edition:

First, Don Boudreaux makes quick work of the childish argument "If perfection is so good, why isn't anybody perfect?" Next, he points out something cool about keeping cool this summer.

Megan McArdle hits all the notes on why we need to end the corporate income tax. One quibble: I completely disagree with her idea of replacing it with higher taxes on capital gains/income. There is no logical or moral reason to tax the same thing twice and in a way that encourages wasteful consumption--taxing savings and investment encourages consumption today that otherwise would not take place.

Speaking of consumption, Scott Sumner points out that one implication of Piketty's wealth tax ideas would be wasteful consumption. Moving away from consumption, let's discuss aggregate demand, which isn't just consumption as Sumner points out. I know a lot of smart people who don't understand that they don't understand this concept.

Next time you're aggregate demanding you might want to use the retail version of Uber as detailed by Erika Morphy.

Finally, Timothy Taylor discusses the government's arrival on the scene of "The Great Honey Bee Panic of the 21st Century" (title all mine) just as the market is done making short work of the problem.