George Leef at JLF writes about the Laffer Curve:
The right question to ask is not what tax rate maximizes government revenues, but what is the proper scope of government activity. That’s all we should pay for.
In a very interesting exchange on Kudlow, Rep. Barney Frank says he wants to not only subsidize renters, but also that the best mistake made was to subsidize homeowners–leading in part to the bailouts of Fannie and Freddie.
In 2009, we invited Mises Institute fellow Thomas Woods to the Fort Henry Club to speak on the financial troubles in the U.S. He also spoke about the principles of Austrian Economics.
Mises Institute contributor Thomas Woods speaks to the Economics club at the FHC as a part of the generous grant by BB&T
I’m getting tired of Alan Greenspan. First, the former Federal Reserve chairman blamed an allegedly unregulated free market for the housing and financial debacle. Now he favors repealing the Bush-era tax cuts.
This has a certain sad irony. Recall that Greenspan once was an associate of Ayn Rand, the philosophical novelist who provided a moral defense of the free market, or as she put it, the separation of state and economy. Greenspan even contributed three essays to Rand’s book “Capitalism: The Unknown Ideal” — one for the gold standard, one against antitrust laws, and one against government consumer protection.
During a two-hour fundraising cruise in southeastern Wisconsin on Sunday, July 18, Republicans feasted on bratwurst, sauerkraut, and beer as they chatted about their good chances of sending a Republican to the U.S. Senate for the first time since 1986. Polls show a tight race developing between Democrat Russ Feingold, the three-term incumbent, and Ron Johnson, an Ayn Rand-loving, pro-life Lutheran, plastics manufacturer from Oshkosh. Johnson led Feingold 48 percent to 46 percent in a July 29 Rasmussen poll.
Wall Street Journal editor Stphen Moore, came to Wheeling/West Liberty University to talk about economics and the state of American politics.
With the cost still prohibitive for many, Congress and the Carter administration deregulated the industry in 1978. That opened the market to new interstate airlines and let carriers fly wherever they wanted, whenever they wanted, and at whatever prices they wanted.
The results were dramatic. In 1977, the average price paid to fly one mile was 8.42 cents, according to the ATA. Adjusted for inflation, that’s more than 30 cents a mile. Last year, travelers paid an average of 13.5 cents. In 1978, airlines carried 275 million passengers. Thirty years later, they carried 741 million. Roughly speaking, it costs less than half as much to travel today and nearly three times as many people are traveling.
For those who want to visit our new facebook page, please go here and “like” us!