Contrary to the popular myth being passed around, three-fourths of Americans pay taxes on their income. It's a nearly inescapable flat tax on income known as the payroll tax. And it now generates nearly as much income for the Feds as the tax more commonly known as the "income tax."
Murray Rothbard would have turned 90 years old on Wednesday, and his contributions to economics have never been more relevant. Rothbard’s uncompromising assault on the state has made him one of the rare scholars to see his influence grow, even after his passing.
Economists Akerlof and Shiller contend that people are too gullible and ignorant to be allowed to deal with a potentially deceptive marketplace on their own. The solution is to have the government manage the markets for them.
About half of the states pay for government spending in the other half.
The intended message of the JetBlue commercial is that if we just work together and make some sacrifices, we can all win. However, it actually showcased the inherent flaws in democratic processes.
When used properly, and when restrained by the prevalence of a relatively laissez-faire ideology, democracy can indeed work as a brake on government power.
Jeff Deist recaps his recent talk, "Socialist Left vs. alt-Right: What it Means for Liberty," which generated plenty of comments from libertarians, progressives, and the alt-Right.
This weekend, Jeff recaps his recent talk in Houston, which generated plenty of comments from libertarians, progressives, and the alt-Right.
Mass democracy, as its nineteenth-century liberal opponents foretold, devolves into a contest of contending forces, motivated by corrupt self interest.
Between conflicts with Eastern Europe, and the threat of a Birtish exit, the EU has some real problems.
