The moral of this economic story is that whenever someone who has an incentive to lowball the burden of a tax is speaking or writing, be careful to look at what happens to take-home income as a better guide to policy.
So long as governments exist, it is essential that we minimize the ability of groups and individuals to use the power of the state to enrich themselves.
There's no evidence Trump is more trigger-happy than any other president, but the presidency's unchecked nuclear-launch power will remain a problem both now and with future presidents.
Single-payer systems do indeed restrict access and quality. They just do it by imposing long wait times, cutting off costlier patients, and restricting access to hospital rooms.
During November 2019, year-over-year growth in the money supply was at 6.22 percent. That's up from October's rate of 4.93 percent, and from November 2018's rate of 3.07 percent.
It's possible for investors and entrepreneurs to make a lot of money in markets without understanding the economic theory behind their actions.
Sweden launched its failed negative rate plan almost five years ago and now reverses it due to the financial risks that are created.
The Iraqi parliament response to the recent US airstrike — expelling all US troops from Iraq — suggests that an escalation of the ongoing US-Iran conflict would not be as simple as pro-war factions of the US regime would like it to be.
Henry Ford's factories had a hard time keeping workers because the work was monotonous. So Ford helped keep workers around through reduced hours, vacation time, and other benefits that are now considered typical.
Even if the central bank policymakers could implement policies without error, Milton Friedman’s and Robert Lucas’s monetary schemes could not secure stable economic growth.
