Some Links

Cato's Dan Mitchell explains, in this short video, six reasons why the optimal capital-gains tax rate is zero.

Susan Dudley and Melissa Warren – in this letter in yesterday's Wall Street Journal – expose the perverse incentives faced by government bureaucrats.

John Stossel offers a quick and useful tutorial on the economics of price ceilings.

Niall Ferguson reviews the most recent book written by Richard Posner – whom Ferguson describes as a "small-government Keynesian."

The Division of Labour's...