David Friedman’s Substack

3 weeks ago | econlib.org | David Henderson |Chris Edwards |David Friedman |David Friedman’s Substack

by Chris Edwards, Cato at Liberty, March 24, 2025. Excerpt:There are two sides to the inefficiency of federal spending. Spending is funded by taxes, which distort the working, investing, and entrepreneurial choices of individuals and businesses. Each additional dollar in income taxes causes about 40 to 50 cents of damage to the private sector beyond the tax amount itself. That damage is called deadweight loss.

Dec 8, 2024 | econlib.org | David Henderson |CJ Ciaramella |David Friedman |David Friedman’s Substack

by C.J. Ciaramella, Reason, December 3, 2024. Excerpts:Indiana prosecutors will return $42,000 in cash they seized from a California small business, several months after the owners filed a class action lawsuit alleging that law enforcement is exploiting a major FedEx shipping hub in Indianapolis to seize millions of dollars in cash from innocent owners.