Ep. 331 No, Progressives, Lower Tax Rates on the Rich Don’t Wreck the Economy

Thom Hartmann’s fans have been sending around a graphic claiming that the economy tanks when taxes are lowered on the rich. It’s so wrong it’s embarrassing. Bob Murphy and I dismantle the thing completely.

Article Discussed

“Thom Hartmann’s Bogus Tax History,” by Bob Murphy

About the Guest

Robert P. Murphy holds a Ph.D. in economics from New York University. He is the author of numerous books (see below), including study guides to Ludwig von Mises’ Human Action (study guide here) and The Theory of Money and Credit (study guide here), and Murray Rothbard’s Man, Economy, and State (study guide here).

Guest’s Blog

Free Advice

Books by the Guest

Lessons for the Young Economist (free textbook; click here for a free teacher’s manual)

Chaos Theory (available free)

Understanding Bitcoin (with Silas Barta; available free)

The Politically Incorrect Guide to Capitalism (also available as an audiobook)

The Politically Incorrect Guide to the Great Depression and the New Deal (also available as an audiobook)

Woods Book Mentioned

Rollback

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@BobMurphyEcon

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Robert Murphy

Related Episode

Ep. 118: Boom and Bust: The Cause (David Howden)
(See also this short video, taken from this heavily viewed longer video, in which I explain the Austrian theory of the business cycle and the role of the Fed in the boom and bust.)

Special Offers

If you enjoy the Tom Woods Show, my new book — Real Dissent: A Libertarian Sets Fire to the Index Card of Allowable Opinion — is for you. Check it out! And get a free copy of the audiobook version, with me reading it, atTomWoodsAudio.com.

Bob Murphy is joining the faculty at Liberty Classroom this year! Learn from Bob in courses you can listen to on the go, plus live Q&A sessions and more. Twelve courses teaching the history and economics we didn’t learn in school await you already. Join us, using coupon code SHOW (all caps) for a special discount.