There are a few irrefutable laws of basic economics that are understood by practically everyone. When the price of a good rises, people will buy less of it. This is common knowledge to anyone who has bought anything ever. There is also the law of unintended consequences which states that actions, laws, and policies often have secondary effects that differ from the original actions intentions. We have seen this inevitably played out in most laws passed by Congress. Both of these ideas have been around for thousands of years and the father of economics, Adam Smith, articulated them himself...
- California energy companies are getting the heck outta’ dodge and moving to Texas Erika Johnsen 15 minutes ago
- CNN poll: 58% oppose abortion in most or all cases Ed Morrissey 1 hour ago
- Video: Rand Paul’s very libertarian speech at CPAC Allahpundit 1 hour ago
- RNC Chairman talks tactics, the GOP’s technological gap, and how the March for Life “was a little bit of a wake-up call” Dustin Siggins 2 hours ago
- Super-sized: Man loses 56 lbs eating nothing but McDonald’s Allahpundit 3 hours ago
- Uh oh: Reports claim Ukrainian air force base in Sevastopol has been stormed by pro-Russian forces Allahpundit 4 hours ago