Cross-posted at Liberty & Power blog . What exactly is Bush’s Jobs & Growth Tax Relief Reconciliation Act of 2003, and what, essentially, are the pros and cons of it? First, let me say that anytime we have any tax cut, anywhere, ‘tis a good thing. However, all political programs have a “but” to them, and follow-up consequences that eventually
Ahhh, be still this CPA’s heart.....4th quarter earnings have been rolling in, and the annual reports will be out shortly. Oh goody! There’s some notable stuff out there, but here’s a quickie slice-and-dice: Halliburton: The politically corrupt Halliburton reported a net loss of $947 million for the 4th quarter, compared to its loss of $616
The New York Times runs an interesting piece on New England Patriots coach Bill Belichick , who is among the top geniuses in the NFL today. First, some backround info on Belichick. Prior to his head coach positions, he was a masterful defensive coordinator, a man so naturally inclined toward details, planning, and memorization that his father,
The post below cites some back-and-forth interplay on the variations between the Chicago school and the Austrian school (in the comments section), and I think a few people incorrectly focus on that main difference being anarcho-capitalism , which is not a fundamental concept of economic theory, and is not relevant to the Austrian school of
Who can forget the heroic Henry Ford, when he was the only major manufacturer in the auto industry to not sign Hugh (Old Ironpants) Johnson’s Automobile Code under the National Industrial Recovery Act? Entrepreneurs who kowtowed to FDR’s “voluntary” codes could place the State logo, the NRA blue eagle symbol, in their windows and on the packaging
Amazon.com vs the Taxman is still in the news . Numerous states are still trying to stick their paws into Amazon’s pot to grab some of the company’s dough by nailing it with their sales tax laws. The state of Connecticut passed a new Internet tax law and contends that Amazon had a physical presence because it had affiliations with websites through
The interest rate needs to be at negative 6% “to supply the needed amount of monetary stimulus.” As a result, “we are entering a world with interest rates that are far too high for the economy’s good,” Goldman Chief U.S. Economist Jan Hatzius wrote in a Jan. 16 research note. As this Business Week writer tells us: The solution is obvious: The Fed
On October 28, Edmunds posted a press release : “Cash for Clunkers Results Finally In: Taxpayers Paid $24,000 per Vehicle Sold, Reports Edmunds.com.” Edmonds explains the process it used to arrive at incremental vehicle sales from Cash for Clunkers incentives, and then calculated the average cost per vehicle. On the White House blog, Edmunds has
Amazing interview in U.S News and World Report . The first question is priceless. Interviewer : What surprised you most about the current financial crisis? Suze : That it happened at all. Surprised at that response? On what did she blame the general lack of foresight? CEOs who “went on television and looked in the cameras and told everyone it was
As always, when the central planning bureaucrats get in a jam with no way out of the mess they have planned themselves into, they turn to libertarian ideas for the answers. Libertarian ideas with a big-government twist, that is. This article in the Telegraph is astounding: “US cities may have to be bulldozed in order to survive.” The problem is
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.