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A little humor for your Friday:
I read an interesting piece by Greg Mankiw on the subject of taxing sugary drinks. The reasons for taxing the drinks are: 1. raise tax revenues 2. curb the consumption of those drinks because they have an adverse impact on society Despite the topic, Mankiw’s piece is interesting, particularly about cigarettes: They [cigarettes] are among [...]
Something interesting I read in Thomas Sowell’s The Housing Boom and Bust: Revised Edition* was about the Great Depression. I remember being taught that excessive borrowing (margin) used to purchase stocks formed a bubble. The bursting of that bubble and the closing of banks(1) caused the Great Depression and that Roosevelt’s New Deal (and World [...]
“Few things blind human beings to the actual consequences of what they are doing like a heady feeling of self-righteousness during a crusade to smite the wicked and rescue the downtrodden.” – Thomas Sowell Amen.
Just where in the Constitution of the United States does it say that a president has the authority to extract vast sums of money from a private enterprise and distribute it as he sees fit to whomever he deems worthy of compensation? Nowhere. That’s a quote from this Thomas Sowell piece I read this morning. [...]
The randomly-selected winner of Thomas Sowell’s “The Housing Boom and Bust” was commenter #13, Mike. Congrats to Mike. I’ll be offering another giveaway soon. Thanks for playing.
Wow! Twelve days is a long time to be away from home. On this vacation we visited my hometown (3 days), then went to Kansas City for a wedding (1 day), then to St. Louis (3 days), and then to Branson (3 days), plus two full days of travel. We got back home Friday night. [...]
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