Sunday, February 25, 2018

Economics

SF Man Has Spent 4 Years and $1 Million Trying to Get Approval to...

To understand how difficult and expensive it is to build housing in San Francisco, observe the case of Robert Tillman. Tillman owns a single-story laundromat in the city's Mission District. Since 2014, he has...

This Chart Explains Why the US Debt Trajectory Is Unsustainable

Earlier today we discussed a report by Goldman Sachs which, when summarized, suggested that unless something significant changes in the coming years, the current US fiscal policy will lead to a debt catastrophe. In an unprecedented...

Trump’s Budget: the Good, the Bad, and the Ugly

The Good Reduces spending by $48.4 billion, including $25.8 billion from eliminating programs. Increases the ability of Medicare Part D plans to negotiate for lower drug prices. Adopts a two-year penny plan to reduce...

Roving Bandit, Stationary Bandit, and Income Tax

Many libertarians have embraced the slogan “taxation is theft.” I myself think it is more precise to say that taxation is extortion. But even saying that fails to capture how egregious taxation really is,...

Swan Song of the Central Bankers Part 1: Last Week Wasn’t an Error

Last week's twin 1,000 point plunges on the Dow were not errors. Instead, these close-coupled massacres, which wiped out $4 trillion of global market cap in two days, marked the beginning of a bear market that will...
e-verify, homeland security, customs, immigration

E-Verify Threatens Us All

In addition to funding for a border wall and other border security measures, immigration hardliners are sure to push to include mandatory E-Verify in any immigration legislation considered by Congress. E-Verify is a (currently)...

3 Forces Driving Interest Rates Higher

In the past two weeks, interest rates have gone up sharply, sparking turmoil in the stock market. To take one example, the rate on 10-year Treasury bonds went from 2.66% on Jan. 26 to...

Why Good News Was Bad News for the Market

Over the last two trading days (2/2 and 2/5), the Dow Jones Industrial Average has lost more than 1,800 points, or about 7%. Meanwhile, the S&P has lost 173 points, or more than 6%. These sharp...

Low Prices Are Illegal in France

In a recent newscast, NPR carried a story on the so-called "Nutella Riots" in France, in which shoppers literally fought over discounted jars of chocolate-hazelnut spread. It seemed like a strange event, but everything...

Ron Paul on State of the Union

Campaign for Liberty Chairman Ron Paul issued the following statement in reaction to President Trump’s State of the Union address: “President Trump began his speech by celebrating the benefits of lower taxes. Sadly this was...
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