Right Side News
As discussion continues over proposals like the “Marketplace Fairness Act” – which would change the way states can exercise tax collection powers over “remote” sales – several myths have cropped up. Here, NTU dispels them: Myth # 1: This is a States’ Rights Issue. FACT: Giving states the power to collect sales taxes across their […]
Employment law is a mainstay of state economic policy. Few question its efficacy as a means to correct “market failures”—like unlivable wages for meaningful work—that would leave society in shambles. In fact, no serious debate exists among American policymakers about the benefits of such laws. Their utility is simply assumed. But laws that restrict or […]
China is wiping the floor with the United States on the global economic stage, and most Americans are so clueless that they have absolutely no idea what is happening. The number one global economic superpower is in anadvanced state of decline, and the number two global economic superpower is becoming stronger with each passing day. […]
At the annual meeting of the American Economic Association in San Diego (January 4–6, 2013), Harvard professor of economics Benjamin Friedman said, The standard models we teach … simply have no room in them for what most of the world’s central banks have done in response to the crisis. Friedman also advises sweeping aside the […]
Eric Winmill, mining equities research analyst with Casimir Capital, sees great potential for small-cap metals producers and developers in the Americas—home to good infrastructure, skilled workers and great geology. In this Gold Report interview, Winmill also explains how “all-in” cash costs are making it easier for companies and investors to understand—and predict—cash-flow generation and identifies […]
Are we witnessing the start of a historic financial meltdown in Europe? In recent days, two massive corruption scandals have greatly shaken confidence in European financial markets. The first involves Spanish Prime Minister Mariano Rajoy. It is being alleged that he has been receiving illegal cash payments, and the calls for his resignation grow louder […]
“It had come to be accepted that the pigs, who were manifestly cleverer than the other animals, should decide all questions of farm policy, though their decisions had to be ratified by a majority vote.” Orwell, G. (1989 [1945]), Animal Farm, S. 34 The Starting Point: Civilization Begins The founder of the Medici banking dynasty, […]
Economic freedom has declined under the Obama administration, and America’s rank has repeatedly fallen on the Index of Economic Freedom and other rankings issued by think-tanks and research foundations. (The Heritage Foundation just released the 2013 Index of Economic Freedom.) In their Economic Freedom of the World rankings, Canada’s Fraser Institute and the U.S.-based Cato […]
Critics of the Austrian School of economics have been throwing barbs at Austrians like Robert Murphy because there is very little inflation in the economy. Of course, these critics are speaking about the mainstream concept of the price level as measured by the Consumer Price Index (i.e., CPI). Let us ignore the problems with the […]
’I’ve spent a better part of my day today answering media queries about Louisiana Gov. Jindal’s new tax plan, which is detailed here.Bobby Jindal by Gage Skidmore His goal is to eliminate the corporate income tax, the individual income tax, and the franchise tax. Details are still a bit scant, but according to initial reports […]
Once upon a time, the U.S. economy produced a seemingly unending supply of good paying jobs that enabled American workers to buy homes, raise families and live the American Dream. But now all of that has changed. Over the past several decades, there have been some fundamental shifts in our economy that have steadily eroded […]
Because most of the fiscal cliff debate focused compulsively on how much Congress would raise taxes, the spending side of the argument nearly became an afterthought. This resulted in another shell game that added net spending and set up another confrontation in less than two months. The agreement delays until March 1 $110 billion in […]