All content by John Phelan
Posts by John Phelan
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Milton Friedman: Capitalism or socialism, which is more humane?
Collectivist, Big Government policies are being increasingly openly espoused by mainstream politicians. Socialism, that discredited relic of the 20th century, is having 'a moment'. These idea are freq...
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Taxes are incentives – even for divorce
People respond to incentives. Public policymakers can either stamp their feet and deny this, and pursue counter productive policies, or they can acknowledge its truth, however ideologically indigestib...
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Venezuela hikes its minimum wage and trashes employment. What are the lessons for Minnesota?
It is heartbreaking to see the people of Venezuela, formerly the poster child for 'democratic socialists' like Sen. Bernie Sanders, reduced to being lab rats in another experimental proof of the the a...
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Since 2010, per capita GDP has grown faster in Wisconsin than in Minnesota
Since 2010, the amount of work done in Minnesota has grown faster than in Wisconsin but the amount produced by this work has increased faster in Wisconsin. As we noted last year, Minnesota's workers a...
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A history of American economic policy in six books
There was a time when leading economists would write for a mass audience, commenting on the issues of the day, and applying economic principles to them. These six books offer a course in both economic...
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