It can be a challenge to follow the pronouncements of President Trump, as he often seems to change his position on any number of items from week to week, or from day to day, or even from minute to minute. Consider his speech last week at the Conservative Political...
Economics
Idaho Bill Would End Taxation of Gold and Silver
by Jp Cortez | Feb 24, 2017 | Economics, Featured Articles
The Framers of our nation established that gold and silver are money, but federal taxing authorities in recent decades have required taxpayers to pay taxes on this form of money when its exchange for Federal Reserve Notes results in nominal capital “gains.” But that...
Founder of National War Tax Resistance Coordinating Committee Speaks Out
by Maria LaMagna | Feb 23, 2017 | Economics, Featured Articles, Foreign Policy, Justice, Libertarianism, Politics
What happens when you refuse to pay taxes for 40 years? A man who hasn’t paid federal income taxes since 1970 shares his story Ed Hedemann, who works as an independent contractor for several nonprofit organizations and lives in Brooklyn, hasn’t paid federal income...
Ten Great Economic Myths
by Murray N. Rothbard | Feb 23, 2017 | Economics, Featured Articles
Our country is beset by a large number of economic myths that distort public thinking on important problems and lead us to accept unsound and dangerous government policies. Here are ten of the most dangerous of these myths and an analysis of what is wrong with them....
The Target of the “Border Adjustment Tax” is You
by Thomas L. Knapp | Feb 21, 2017 | Economics, Featured Articles
“[O]n life support,” says US Senator John Cornyn (R-TX)of the “Border Adjustment Tax,” proposed during last year’s GOP presidential primaries by US Senator Ted Cruz (R-TX) and backed by Speaker of the House Paul Ryan (R-WI). If the idea is indeed dead, American...
The Great Recession Revisited
by Salmaan Khan | Feb 20, 2017 | Economics, Featured Articles
The long term impact of economic recessions is more clear today, massive amounts of research and data prove the Great Recession is correlated with significant spikes in drug abuse and domestic violence due to unemployment, which eventually molds itself into a loss of...
Major Blow to Obamacare Mandate
by Peter Suderman | Feb 15, 2017 | Economics, Featured Articles
IRS Won't Reject Tax Returns That Don't Answer Health Insurance Question The tax agency has stopped requiring individual filers to indicate whether they maintained health coverage or paid the mandate penalty as required under the law How much difference does a single...
Tariffs, Pickpockets, and the Nationalist Snake in the Moral Grass
by Robert Higgs | Feb 14, 2017 | Economics, Featured Articles
Like nearly all economists, I am inclined to explain to people who favor tariffs that such taxes entail inefficiencies. They make the consummations of otherwise desirable trades more costly and hence discourage people’s actions that, absent the tariffs, would result...
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