Recently, Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), suggested that the year 2023 could "represent a turning point, with inflation declining and growth bottoming out.” She based the prediction on economic assumptions....
Economics
Could a National Sales Tax Be a Viable Alternative to the Income Tax?
by Stark Realities with Brian McGlinchey | Mar 2, 2023 | Economics, Featured Articles
Sometime during this 117th U.S. Congress, the long-proposed “Fair Tax” will likely receive its first-ever floor vote in the House. A national sales tax, it would replace not only personal and corporate income taxes, but Social Security, Medicare, estate and gift taxes...
Discovering Cooperation Through the Blockchain
by Zack Sorenson | Feb 27, 2023 | Economics, Featured Articles
In the twentieth and early twenty-first centuries, political hurdles and economic roadblocks have prevented the rise of a properly free and healthy society. Competitive pressures have allowed new inventions to be created and competitive barriers have helped innovative...
How Not to Defend “Capitalism” Against” Socialism”
by Sheldon Richman | Feb 25, 2023 | Blog, Economics, Justice
I challenge you to show me a lamer "debate" over "capitalism" and "socialism." (Don't worry; it's not about Bill Maher.)
TGIF: Immigration Foes, What’s the Beef?
by Sheldon Richman | Feb 24, 2023 | Economics, Featured Articles, Justice, Libertarianism, Politics, Sheldon Richman, TGIF
If people are going to hate on immigrants, they should at least get their stories straight. Do immigrants take our jobs or do they sponge off us through welfare? Today, let's talk about jobs. Recently I was listening to Spiked's Brendan O'Neill interview Batya...
Searching for Economic Solutions in Game Theory
by Zack Sorenson | Feb 9, 2023 | Economics, Featured Articles
The left and right-wings of economic thought spend much of their energy trying to refute each other, but an integration of both perspectives might be worth considering. The right-wing of economic thought has conclusively demonstrated that the value creating ability of...
Part-Time Employment is Growing Faster than Full-Time Employment
by Ryan McMaken | Feb 8, 2023 | Economics, Featured Articles
The Bureau of Labor Statistic (BLS) released new jobs data on Friday. According to the report, seasonally adjusted total nonfarm jobs rose 517,000 jobs, which was well above expectations. The words used by the media to describe the report included “stunner” and “wow.”...
Sales Tax Is Still Theft
by Ron Paul | Feb 7, 2023 | Economics, Featured Articles
A group of House Republicans is supporting legislation that would replace federal income, payroll, estate, and gift taxes with a 30 percent national sales tax. The bill also eliminates the Internal Revenue Service, giving states the responsibility to collect the sales...