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9,646 Reasons to Dislike the Internet Sales Tax

9,646 Reasons to Dislike the Internet Sales Tax

The U.S. Senate is debating the so-called Marketplace Fairness Act. It’s a bill that would result in the taxation of Internet sales, driving up costs for consumers. The legislation cleared a procedural hurdle Monday and could have a floor vote by Thursday.

This is a classic case of where the ...

Read more: 9,646 Reasons to Dislike the Internet Sales Tax

Reads: 2123

Hugo Salinas Price on Gold and the Potential for '500 Years of Darkness'

Hugo Salinas Price on Gold and the Potential for '500 Years of Darkness'

The Daily Bell is pleased to present this exclusive interview with Hugo Salinas Price.

Introduction: Hugo Salinas Price is a successful, retired businessman who lives in Mexico. He has been a follower of the Austrian School of Economics since his youth. He has written three books in Spanish on ...

Read more: Hugo Salinas Price on Gold and the Potential for '500 Years of Darkness'

Reads: 2517

Regulation and Law of Regulatory Impact

Regulation and Law of Regulatory Impact

Let’s begin with:

Goodman’s Law of Regulatory Impact: most economic regulation, most of the time, imposes social costs on people without changing any fundamental behavior.

Take something really far out. Suppose we repealed the law against murder. Would the murder rate go up or down? For the vast, ...

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Reads: 1683

Man, Economy, and Seoul

Man, Economy, and Seoul

Picture a mono-racial New York metropolitan area with a fraction of the murders, if you can. Add in unreadable signs and buildings and infrastructure completed in 1960 or later. Then you might have a picture Seoul, the capital of the Republic of Korea and, quite possibly, the new center of global ...

Read more: Man, Economy, and Seoul

Reads: 1724

“Tax Expenditures”: Not Taxing Is Allegedly Spending

“Tax Expenditures”: Not Taxing Is Allegedly Spending

Runaway government spending is among the most important economic problems of our time. It is absolutely urgent that it be brought under control and progressively reduced until it is sufficient to provide for no more than the essential government functions of defense and justice. Only then will the ...

Read more: “Tax Expenditures”: Not Taxing Is Allegedly Spending

Reads: 1788

The Marxist Roots of Obama’s War on the Middle Class

The Marxist Roots of Obama’s War on the Middle Class

How many times have you heard President Obama express concern for the middle class? More than you can count, I’m sure. If you are in the middle class, Obama’s frequent mentions of you should make you very worried. A key part of Obama’s modus operandi is his habitual use of verbal ...

Read more: The Marxist Roots of Obama’s War on the Middle Class

Reads: 2270

Central Banking Is Central Planning

Central Banking Is Central Planning

A book review in the Wall Street Journal by associate professor of economics at San Jose State University Jeffrey Hummel entitled "The New Central Planning" tends to confirm the perspective that the Federal Reserve is under continued attack. The upshot may be a new monetary ...

Read more: Central Banking Is Central Planning

Reads: 1982

Elizabeth Warren's Unwarranted Wage

Elizabeth Warren's Unwarranted Wage

Murray N. Rothbard used to say that it is impossible to convince the economically illiterate with reductios ad absurdum. Why? This is because the very purpose of this type of logical argument is to embarrass our friends on the Left (and the Right too, sad to say, see below) by taking up the ...

Read more: Elizabeth Warren's Unwarranted Wage

Reads: 2151

Anatomy of the Bank Run

Anatomy of the Bank Run

[This article is featured in chapter 79 of Making Economic Sense by Murray Rothbard and originally appeared in the September, 1985 edition of The Free Market]

It was a scene familiar to any nostalgia buff: all-night lines waiting for the banks (first in Ohio, then in Maryland) to open; pompous but ...

Read more: Anatomy of the Bank Run

Reads: 1346

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