What if everything you've heard about income inequality is wrong? John Tamny, editor of RealClearMarkets, clarifies one of the big misunderstandings of our time.
In the video above, Milton Friedman discusses the fallacy of doing good with other people’s money. He also explains how that means that the welfare state at its core is a philosophy of violence and coercion.
Surprised? You shouldn't be. As Bono pointed out in a recent speech, Capitalism takes more people out of poverty. Great read from the fantastic Ed Morrissey at The Fiscal Times on how the media got Pope Francis's comments on Capitalism wrong. Click the link in the title to read it.
Via Newsbusters, the great Dambisa Moyo gives Bill Maher a lesson in economics 101. If you haven’t done so yet, be sure to check out Ms. Moyo’s latest book Winner Take All: China’s Race for Resources and What It Means for the World.
Link: Say, just how “fine” is the private sector doing, anyway? Great post by Ed Morrissey @ HotAir.