For the past couple of months, I've been working on an economic essay, designed to rebut 30 years of right-wing propaganda. The idea is that after all that time most people meekly accept the right-wing line (cutting taxes raises revenue, for instance), and somebody needs to step up and challenge it.

In my essay, I endeavor to debunk the following right-wing economic postulates:

1. Entrepreneurs, and the venture capitalists who back them, create jobs.
2. Lowering tax rates results in more revenue for the government.
3. Reducing restrictions on business activities is good for business.
4. Free trade agreements increase economic activity and raise the standard of living.
5. Government cannot do anything domestically to increase economic activity.
6. A flat tax is fair.

I like to think I've done a pretty good job, but feel free to decide for yourself. It's too long to post here; the essay is available on my website. Just click on #173, "Right-Wing Economics vs. Reality" on the right-hand column, and enjoy. (Note: At the end is a link to an 11-page PDF version.)  read more »