Sep 3, 2018 · 1 min read
“ “ The confidence so many people have that ‘economics’ shows that redistribution reduces efficiency, even though actual empirical studies by actual economists don’t necessarily show any such thing, is a form of ideology where ‘economics’ is associated with hostility to state intervention, except to create and sustain property rights. The truth is that what actual economists think, and what economics shows, is far more varied than this rather flat picture of ‘economics’ that various think tanks and propaganda agencies push upon us. “
The poor economic efficiency that characterizes so many communist countries automatically debunks this claim.
