Former President Trump has proposed exempting overtime income from taxation. Is this a good idea? Some economists may point out that exempting overtime hours from taxation targets marginal labor supply. Increasing marginal take home pay from taxes encourages work, can increase aggregate supply and economic growth.
ABSTRACT: Scholars across political philosophy, theology, economics, sociology, sociobiology, and history presently acknowledge that theistic and secular religions are similar in form and function. This essay goes further by establishing that all religions are congruent and otherwise complementary rather than being merely similar. All religions, regardless of their basis, are institutionalized behavioral responses to the “evil” represented by the scarcity of economic resources.
ABSTRACT: Even though entrepreneurship underlies Rothbard’s economic theorizing, his contributions to this topic are spread among many writings. This paper traces a comprehensive idea of Rothbard’s “Man of Action,” the capitalist-entrepreneur in the causal-realist tradition of the Austrian School, organizing his thinking. Rothbard defines the entrepreneur as the economic agent who judges at the present about the future and directs production processes by controlling and allocating productive resources in search for profit.
Disclaimer: The following is a parody of a “leaked” transcript of a recent telephone conversation between Federal Reserve Chairman Jerome Powell and Secretary of the Treasury Janet Yellen.
Powell (answering phone): Powell here.
Yellen: Jay, how you doing, Janet here, been meaning to call you one of these days.
Powell: What’s on your mind over there at Treasury?
In a recent interview with Bill Maher, Nancy Pelosi discussed a recently proposed California law—Assembly Bill 1840—that aimed to provide taxpayer funds to first-time homebuyers regardless of immigration status.
Many economists incorrectly assume a growing economy also requires a growing money stock, assuming that economic growth gives rise to a greater demand for money. It is held that failing to increase money to facilitate increased trade will lead to a decline in prices of goods and services, destabilizing the economy and leading to an economic downturn.
This past February, Brazilian UFC fighter Renato Moicano went viral after taking the microphone after a victorious fight to promote the work of Ludwig von Mises. In his own words, “If you care about your motherf******* country, read Ludwig von Mises and the six lessons of the Austrian school.”
Today, at UFC Fight Night 243, Moicano returned to the octagon as a strong underdog against French fighter Benoit Saint Denis. What odds-makers didn’t take into account was there was no way Renato Moicano was going to lose on Ludwig von Mises’s birthday weekend.
