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“The whole gospel of Karl Marx can be summed up in a single sentence: Hate the man who is better off than you are. Never under any circumstances admit that his success may be due to his own efforts, to the productive contribution he has made to the whole community. Always attribute his success to […]
Ugh! If we need any more proof that we’re too dependent on government, this list of “7 Spending Cuts You’ll Really Feel” should cover it: 1. Shrinking unemployment benefits. Some 3.8 million Americans estimated to collect unemployment checks between March and September will feel the pain the most. That’s because unemployment benefit checks are being […]
Here’s a little humor for you. Those of you who don’t use Excel probably won’t get this.
From today’s WSJ is The Myth of a Stagnant Middle Class by Donald Boudreaux and Mark Perry lays out three reasons why they think the middle class is doing better than we are being told: It is true enough that, when adjusted for inflation using the Consumer Price Index, the average hourly wage of nonsupervisory […]
Interesting piece from IBD: Six Reasons to Keep Capital Gains Tax Rates Low Two interesting points that I hadn’t really thought about: Inflation. If an individual buys a stock for $10 and sells it years later for $12, much of the $2 in capital gain may be inflation, not a real return. Inflation — and […]
I read this interview last night and thought I would share it with you. I thought Reed’s response to the following question was excellent: Israel Wayne: Does your personal religious faith in any way shape your view of macro-economics? Please explain. Lawrence Reed: First of all, I don’t much care for the adjective “religious.” To […]
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