People don't always stay out of the labor force because they have no choice — but statistics don't take this into account.
Tim Worstall attacks the assumption that increasing workers' pay enables them to buy more goods and give the economy a boost.
Look at today's China and you'll see that technology and changes in transport have a greater impact on trade, argues Tim Worstall.
Mike Huckabee's radical plan for sales tax revenue system only looks seductive, argues Tim Worstall, who demonstrates how the Fair Tax can be easily gamed and how the end of the I.R.S. is really the beginning of an even greater bureaucracy of retail auditors.