Consider the sheer number of transactions and people involved in economic arrangements
30 Sep 2014 Leave a comment
But evolution is just a theory?!!
29 Sep 2014 Leave a comment
in liberalism Tags: evolution, The Age of Enlightenment
These unique fish live in tropical and subtropical waters in the Atlantic and Indian Oceans.The Mudskippers live inhabit swampy sea coasts, where they can move on both dry land and in the water. Some Mudskippers can even climb small trees and branches with amazing agility for a creature that’s considered a fish
The Decline and Fall of Chicago Economics
29 Sep 2014 Leave a comment
in economics
Throughout the third quarter of the twentieth century, the Chicago School played an indispensable intellectual role in defending laissez-faire capitalism from the predations of state capitalism and socialism. As a by-product, the Chicago School also became a foremost defender of economic liberty. The Chicago School advanced this innovative program of ideas through reliance on a sensible rational choice approach, the pre-eminence of private property rights and the rule of law for sustainable economic development, sound microeconomics, and macroeconomics reflective of classical political economy insights adjusted for the adverse experience of the Great Depression. Under the indisputed intellectual leadership of Friedrich von Hayek and Milton Friedman, with the support of Ronald Coase, Harold Demsetz, William Landes, Sam Peltzman, Harry Gordon Johnson, Richard Epstein, Al Harberger, and many younger rising stars, Freshwater Economics engaged and defeated Saltwater Economics in a bloody battle for the soul of the discipline.
Even during that crucial quarter of a century, however, Chicago was spawning…
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Henry Simons on the advantages of the market as an allocation and distribution mechanism
29 Sep 2014 Leave a comment
Minimum Wage Hikes Hurt Job-Keepers
29 Sep 2014 Leave a comment
in labour economics, minimum wage, occupational choice Tags: compensating differentials, minimum wage
America’s Anti-Competitive and Anti-Comity International Tax System, Part I
29 Sep 2014 Leave a comment
in economics
Most of us will never be directly impacted by the international provisions of the internal revenue code.
That’s bad news because it presumably means we don’t have a lot of money, but it’s good news because IRS policies regarding “foreign-source income” are a poisonous combination of complexity, harshness, and bullying
(which is why only taxpayers with lots of money can afford the lawyers and accountants needed to navigate this awful part of the internal revenue code).
But the bullying and the burdens aren’t being imposed solely on Americans. The internal revenue code is uniquely unilateral and imperialistic, so we simultaneously hurt U.S. taxpayers and cause discord with other jurisdictions.
Here are some very wise words from a Washington Postcolumn by Professor Andrés Martinez of Arizona State University.
Much of his article focuses on the inversion issue, but I’ve already covered that topic many times. What caught my attention…
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Utopia, you are standing in it! 
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