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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 [...]
Good morning. If you have time, watch this video. Good stuff (once you get past the goofy intro and music that sounds like it was stolen from an 80s car racing video game).
I read this essay in last weekend’s WSJ about the skyrocketing cost of going to public college. It opened with… When Steve Joiner attended the University of Colorado in Boulder in the late 1980s, his parents—an Air Force mechanical supervisor and a teacher—paid his tab of about $4,000 a year, roughly $8,600 in today’s dollars. [...]
“While we are free to choose our actions, we are not free to choose the consequences of those actions. Consequences are governed by natural law.” – Stephen Covey in “The 7 Habits of Highly Effective People” France raises taxes on the wealthy. The wealthy leave France to escape the higher taxes. France’s Prime Minister, Jean-Marc [...]
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