Austerity conservatives have blown it in Britain. They raised the top income tax rate to 50% only to experience declining revenues from that bracket: The Treasury received £10.35 billion in income tax payments from those paying by … [Read more...]

Loose monetary policy leads to bad investments: Unfortunately, we don’t know where interest rates would be today in a market free of central bank interference. With ZIRP (zero interest rate policy) seemingly ineffective in reviving the … [Read more...]

I did not know this: 68% of million dollar personal income tax returns are actually S-Corporation businesses. The business owner has the business income pass through his or her personal return. They are taxed on this money whether they … [Read more...]

Both parties are currently operating as occupiers of the commanding heights. While it looks normal for Republicans to tell everybody else what to do, don't forget that the Dems have their own fantasies about making the rest of us do what … [Read more...]

I'm reading "Good Calories, Bad Calories" by Gary Taubes right now. It's a look at the various studies and science around nutrition over the past 150 years or so. Taubes is sympathetic to the low/no-carb diet, but he honestly if … [Read more...]

New darling of the left Simon Johnson begins to address Ron Paulist concerns on central banking. Is this the debate we need to have? if you go back to the original debate about the founding of the Federal Reserve, at that time we had … [Read more...]

The job of the politician, to address what people are feeling, not necessarily what they are saying, from speechwriter David Frum in an interview with the CBC's Ideas program. I don't agree with everything in there, but there is plenty of … [Read more...]

I realize the market is slanted against small startups. I would like to see a better playing field for these companies as I admire risk-takers and innovators in all areas, and this is where I have always found the best work. However the … [Read more...]

OWS is missing the advantage of the Tea Party: combining disparate elements over the TARP and forgetting social issues. The TARP was a clear gift to the mercantilist elements of the financial sector. The social issues are there to divide … [Read more...]

As Amitav Ghosh says in this interview, politics is not the sphere of the beautiful. "...Over the last 20 years, politics has been presented to us as the be-all and end-all of our lives. It's like politics has been suggested to us as … [Read more...]