The benefits of Tax Competition

(via Greg Mankiw).

Among the other pearls in the video, it's pretty sick to look back and see that the top income tax rate was once 83% in Britain, and 70% in America. Thank God for Thatcher and Reagan.

It's maybe the 8 best minutes spent of your current hour, or day. If you have some more time, you might want to read Roger Lowenstein's biography of Big Ben Bernanke.

UPDATE: Even though his body's in the grave, you can't keep the Gipper down. Chuck Norris is just a poseur.

UPDATE: Shannon Love called this back in August.