The plunder begins on Sunday when the Rudd government finally unveils the Henry Review of Taxation, which, by all accounts, is likely to include a new federal resource “rent” tax to go alongside the royalties miners must already pay the States. The government could not have chosen a more apt word than rent. The government is the ultimate rent seeker.
April 30th, 2010 | Dan Denning | 71 comments | ContinuedAll Posts Tagged With: "Bastiat"
Austrian vs. Keynesian Economics & Bastiat’s Broken Windows
The long-standing battle between Austrian and Keynesian economists is one that will most likely rage on forever. But why? Well, as Lew Rockwell points out, seeing the fundamental differences between these two schools of thought can be fairly easy. Just look at Frédéric Bastiat’s allegory that has come to be known as the story of the broken window.
February 15th, 2008 | Lew Rockwell | 25 comments | Continued
