Mises.org: Ten Recurring Economic Fallacies, 1774–2004
Excellent reading if you are into Austrian economics, but there's a little something for everyone... such as this description of Hamiltonian ideas of high taxation:
The idea here was that if you taxed Americans more, they would have to work harder to maintain their standard of living, thus increasing the gross product of the country and providing the government with more revenue to spend on grand projects and military adventures. Hamilton was once stoned by a crowd of angry New York mechanics. Is it any wonder why? Believe it or not, there are a frightening number of people who believe this.
They make your laws, too.
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Doogman 
2 Comments:
C'mon now... what would Adam Smith say?
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