Economics
9,646 Reasons to Dislike the Internet Sales Tax
Written by Robert Bluey and Kelsey Harris
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 ...
Reads: 534
Hugo Salinas Price on Gold and the Potential for '500 Years of Darkness'
Written by Anthony Wile and Hugo Salinas Price
The Daily Bell is pleased to present this exclusive interview with Hugo Salinas Price. Read more: Hugo Salinas Price on Gold and the Potential for '500 Years of Darkness'
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 ...
Reads: 506
Regulation and Law of Regulatory Impact
Written by John Goodman
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 Suppose we repealed the law against murder.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, ...
Reads: 349
Man, Economy, and Seoul
Written by Christopher Westley
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 ...
Reads: 317
“Tax Expenditures”: Not Taxing Is Allegedly Spending
Written by George Reisman, Ph.D
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: 507
The Marxist Roots of Obama’s War on the Middle Class
Written by Mark Hendrickson
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: 683
Central Banking Is Central Planning
Written by Anthony Wile
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 ...
Reads: 672
Elizabeth Warren's Unwarranted Wage
Written by Walter Block
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 ...
Reads: 784
Anatomy of the Bank Run
Written by Murray N. Rothbard
[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 ...
Reads: 459
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