Chicago School ‘Market Socialism’ by Thomas DiLorenzo

Posted: April 11, 2013 in Uncategorized

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Chicago School ‘Market Socialism

 

 

 

 

by Thomas J. DiLorenzo

 

Recently by Thomas DiLorenzo: Allen Guelzo Misinforms the World Socialist Movement About Lincoln

 

In the April 8 issue of the Wall Street Journal George Schultz and Gary Becker advocated a massive new carbon tax. Their arguments are based on very poor economic reasoning and an extremely naïve view of politics and politicians.

 

Schultz and Becker argue for a “revenue-neutral” tax on all forms of energy that burn carbon. “Revenue neutrality” is Washington-speak for the notion that a change in tax policy should neither increase nor decrease total tax revenue collected by government. It is a pure fantasy, in other words. No central planners in world history have ever been so brilliant and so omniscient as to be able to restructure a major portion…

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