Iowa suffers from an alarming brain drain: It loses more of its young, single, well-educated adults than any state except North Dakota.
In Recollections from the University of Vienna, given at New York University, 1962 (33:43), Mises says (my transcription):
A controversy is brewing over the American Jobs Creation Act of 2004, which created a one-year tax holiday offering companies a 5.25% tax rate instead of the normal 35% tax rate on profits repatriated from abroad. Companies are usually forced to keep their profits abroad to avoid high US taxes. In 2003, US corporations added $119.2 billion to undistributed foreign earnings - 75% of their total foreign profits, and brought back only $39.9 billion to the US.
A reporter from the Chronicle of Higher Education asked me to answer a specific question about the Hoppe affair and to offer whatever views I might have on the question.
The US government’s hypocritical, ill-conceived legislation of accounting morality known as the Oxley-Sarbanes Act has sparked a “deregistration” movement among European and other non-US firms that have registered with US stock exchanges for listing of their shares. This is described in a Wall Street Journal article that reports a reversal of the US-listing trend begun over a decade ago by Mercedes-Benz (before its merger with Chrysler).
Today, Christopher Shea has written a “Critical Faculties” piece for The Boston Globe focusing on “Ayn Rand’s Campus Radicals,” offering further evidence of the proliferation of Rand scholarship. He mentions my work and the work of other Rand scholars, as well as the important role of The Journal of Ayn Rand Studies. (He cites a JARS essay by Austrian economist Peter J.
A fascinating and all-too-brief perspective on the economics of rebates, from Robert Frasca at Division of Labour: tax avoidance as the real reason for this largely annoying institution:
This whopper from Peter Schiff. It’s hard to say it any better than Peter, so I’ll let him take over:
[shown] today on CNBC, as Steve Leisman and a guest described American consumption as being “a sacrifice,” and American consumers as “bearing the brunt of world consumption,” and of having an “obligation to consume.”
This from Casey Research (not much to add here):
