Mises Daily  Home | Library | Anti-Obamanomics: Why Everyone
Should Be in Favor of Reducing Taxes on the "Rich"   August 28,
2008  Tags The FedCapital and Interest TheoryInterventionism
[Portions of this article are adapted from pp. 308–310 and
830–831 of the author's Capitalism: A Treatise on Economics.]
Are the American people being primed to elect as President of
the United States a home-grown version of Hugo Chavez, in the
person of Barack Obama? This is a question one can come away
with after reading "Obamanomics," the featured article in this
last Sunday's (August 24, 2008) New York Times Magazine. Written
by Times' columnist David Leonhardt, the article provides
insight into Obama's thinking on economics and the economic
policies he would be likely to pursue if he were elected
President.  The subject of the present article is essentially
limited to an analysis and critique of a major aspect of the
views on taxation attributed to Obama. That aspect, in the words
of The Times' article is that "Obama's