In this episode of Uncommon Knowledge, Peter Robinson interviews Hoover fellow and author Thomas Sowell on his 5th edition of Basic Economics: A Common Sense Guide to the Economy. In this interview, Sowell brings the world into clearer focus through a basic understanding of the fundamental economic principles and how they explain our lives. Sowell draws on lively examples from around the world and from centuries of history.
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Many people have appropriately criticized President Trump’s promise to give $5,000 to every American adult if the voters elect enough Senators and House members to keep Republican control of each chamber.
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Six winners of the Nobel Prize in economics recently signed a statement in favor of California’s Proposition 40, the measure that would impose a one-time 5 percent tax on California billionaires.
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Research into sanctions shows the power of substitution goes both ways—but not always equally.
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