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November 24, 2004
Economic Education
Roy Cordato discusses calls for higher corporate income taxes in The Freeman. One of my many regrets from my former job is that I didn't do enough basic economic education. While I realize that state-based think tanks have a different role than FEE, I still think the payoff from doing basic economic education is higher than op-eds on narrow policy topics. One of the difficulties in doing basic economic education through op-eds is convincing editors to run them since their timeless quality frequently means they are never as timely as something else sitting in front of the editor. Really good writing usually could overcome this problem, such as in this piece by Ralph Frasca "Businesses Are People Too" or this one by Bob Lawson "Real Fundamental Tax Reform." Posted by Joshua Hall at 09:45 AM
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The statesman who should attempt to direct private people in what manner they ought to employ their capitals would not only load himself with a most unnecessary attention, but assume an authority which could safely be trusted, not only to no single person, but to no council or senate whatever, and which would nowhere be so dangerous as in the hands of a man who had folly and presumption enough to fancy himself fit to exercise it. -Adam Smith
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