Our Marxist Tax Code
Tax season is winding down once again, but the progressivity of the tax code is still with us. Most Americans who had more...
Economic Commentary
Justice Department to Sue Apple, Publishers for eBook Price Collusion
When the Justice Department announced in March that it intended to sue Apple and five book publishers for collusion over the pricing of...
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Boom and Bust in Stockton, California
When Ann Johnston (left), Mayor of Stockton, California, informed the city council in March that Stockton was about to go bankrupt, making it...
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Fed Is Buying 61 Percent of U.S. Government Debt
In his attempt to explode the myth that there is unlimited demand for U.S. government debt, former Treasury official Lawrence Goodman explained that...
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Speech: Bernanke Fails at Transparency, Rails at Gold Standard
When Federal Reserve Chairman Ben Bernanke donned his professorial cap and addressed 30 undergraduate students at George Washington University on Tuesday, he claimed...
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Obama Economic Recovery Still Underwater
For proof that the Obama “recovery” remains unimpressive compared to previous recoveries, Cato Institute scholar Dan Mitchell gathered evidence from a number of...
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Is Ryan’s Budget Plan Headed in the Right Direction?
Rep. Paul Ryan (R-Wis.) announced on Tuesday the Republican budget plan to take into the election debate; it is in sharp contrast to...
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Encyclopædia Britannica Adjusts to Reality, Stops Printing
Encyclopædia Britannica’s president Jorge Cauz (left) announced on Tuesday that his company would no longer print its 129-pound, 32-volume sets of its iconic...
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Amendment to End Energy Subsidies Fails in the Senate
Senator Jim DeMint (R-S.C., left) introduced the Energy Freedom & Economic Prosperity Act (EFEPA) in February and then offered his bill as an...
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The Free Market’s “Thank You” System
In an economic transaction, who should be the one saying thank you — the buyer or the seller? Or in an employment relationship,...
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North Dakota: A Study in How the Free Market Works
The continuing boom in North Dakota seemingly has no end. Last June oil production from the Bakken Formation exceeded 11 million barrels a...
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White House Jobs Growth Celebration is Premature
White House announcements celebrating the jobs report from the Bureau of Labor Statistics (BLS) were optimistic: “Private sector employers added 233,000 jobs to...
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ECRI Stays with Recession Call
When Lakshman Achuthan (left), co-founder of Economic Cycle Research Institute (ECRI) appeared on CNBC to defend his prediction last September of an “imminent”...
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February’s Deficit the Highest Ever
In yet another sign that the looming American debt crisis is close to spiraling out of control, February’s monthly federal deficit was the...
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D.C. Receives $885M in Stimulus Money and Unemployment Rises
Washington, D.C. raked in more than $885 million from President Obama’s economic stimulus package, but the D.C. government cannot report how many jobs...
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