Slarrow

"Slarrow" refers to the "slings and arrows of outrageous fortune" from Hamlet's soliloquy. Here are the chronicles of such darts and whatever attempt there may be to take arms against such a sea of troubles.

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Location: Ozarks, United States

Friday, October 22, 2004

The Educator Thomas Sowell

Man, I love Thomas Sowell. He's one of the best I've ever seen in taking basic economic concepts (and misconceptions), laying them out, and showing the realities in plain, understandable terms. He's done it again with a column on tax cuts. He makes clear what politicians deliberately muddle.

People who misunderstand economics think it's about numbers when it's about people. That's why they howl if we cut tax rates by 10%; they think the government will get 10% less money. That's simple math. But a 10% rate cut changes people's behavior and increases economic activity, which is more complex than a word problem. It's the Laffer Curve in action, and it works.

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