More on Gold ETFS

Though details are still scant. Expenses expected to be 0.3-0.4%. One unfortunate point: “Finally, strange though it may sound, gold — even gold bars in a vault — are classified as “collectables,” (artwork also falls under this category) and are therefore taxed at a higher 28 percent capital gains rate in the U.S. after being held for more than one year. Like any asset, if you sell it within a year, it is taxed as ordinary income.

A Little Market, a Lot of State

Amid much acrimony, Britain’s Prime Minister, Tony Blair, secured an affirmative verdict last month in the House of Commons on his plans to reform the provision of undergraduate university education in England (Scotland and Wales are exempt). The higher education bill, which still faces committee scrutiny and further votes in both the House of Lords and Commons, passed by a mere 5 votes (316 to 311), a remarkable outcome considering Mr. Blair’s Labour Party boasts a majority of 161 seats in the Commons.

Left-Wing Hegemony on Campus

Why Are Universities Dominated By the Left?

by Edward Feser

 

The hegemony of the Left over the universities is so overwhelming that not even Leftists deny it. Whether the institution is public or private, a community college or an Ivy League campus, you can with absolute confidence predict that the curriculum will be suffused with themes such as:

—capitalism is inherently unjust, dehumanizing, and impoverishing;

Economist Caught in Political Storm

Economist Caught in US Jobs Storm (BBC): A top White House economic adviser has issued what amounts to a public apology after appearing to praise the movement of US jobs overseas.

Gregory Mankiw, the president’s chief economic adviser, said outsourcing of jobs was “probably a plus for the economy in the long run”.

The remark angered Democrats, who see unemployment as a key battleground in this year’s presidential election.

What’s Wrong with Monopoly (the game)?

You have surely played the Parker Brother’s board game Monopoly. It has been published in 26 languages and in 80 countries around the world. Since being introduced in 1935, in fact, an estimated one-half billion people have played it. It has taught the multitudes what they know about how an economy works.

The problem is that the game seriously misrepresents how an actual market economy operates. To review, in the free market, Mises wrote,

“Bleeding Kansas” Not so Bloody After All

According to Dale E Watts of the Kansas State Historical Society, “Bleeding Kansas” was not nearly as violent as once thought. (See article in PDF here) For those unfamiliar with the period, “Bleeding Kansas” is the name for the territorial period of 1854-1861 when Kansans fought over whether the state would enter the Union as a slave state or a free state. Contemporary accounts wildly exaggerated the bloodshed.
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