Ludwig von Mises Institute
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Inflation Deflation Red-flation Blue-flation
"A debate has been raging for some time among those in the finance industry about whether the United States is currently experiencing inflation, deflation, stagflation, reflation, hyperinflation, or maybe even some other sort of "-flation" that only Dr. Seuss could imagine.
Unfortunately, much of this debate is unproductive because the participants use varying definitions of these terms, and even when they use the same ones, deciding on one simple label might not be sufficient to describe the deeper economic forces at work and what their effects are likely to be. Given the confusion, this article will add some color to the debate by offering usable definitions of the terms inflation and deflation and then attempt to show what is occurring in today's economy."
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Full article at link by Matthew Beller// Ludwig von Mises Institute "A debate has been raging for some time among those in the finance industry about whether the United States is currently experien... more -
Taking Money Back - Murray N. Rothbard - Mises Institute
This is one of the most important articles I've posted. It ought to get people's blood boiling. There ought to be a mob in the streets with clubs and axes. So much of what is going on in the US has been hidden by the media's inept coverage of non-issues. Read this and spread the message. This is one of the most important articles I've posted. It ought to get people's blood boiling. There ought to be a mob in t... more
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Corporate taxes suffocate growth
The historical and current belief is that taxes in America are low, compared to the world in general. America is the model of free markets, low regulation, and economic freedom. Right? This is simply not the case. The United States has high taxes in general and higher corporate taxes in particular.
In the 2008 Index of Economic Freedom, assembled by the Heritage Foundation, personal income taxes and corporate tax rates are compared across the globe — along with many other economic measures. In regard to personal income taxes, the United States ranks 87th out of 156 nations. And in corporate rates, it ranks 125th out of 156. In other words, 86 nations have lower tax rates on personal income than the United States, and 124 nations have lower corporate tax rates...[2]
Lower corporate taxes are associated with economic growth. This can be shown a priori and empirically... [please see main article]
[B]y definition, corporations do not pay taxes — people pay taxes. A corporate tax is either a tax on shareholders of the firm, customers of the firm, or employees of the firm. Less corporate tax means more innovation, capital savings, and spending by these groups — also known as economic growth...
A corporate tax is really a tax on shareholders, customers, or employees of the firm.
Life Savers moved production to Canada. Nabor Industries and Tyco International moved to Bermuda. Halliburton has announced a move to Dubai. In a globalizing economy, is it really a puzzle that firms prefer to operate in lower-taxing, less-regulated environments?
These are examples of what can be seen. As Frédéric Bastiat reminds us, however, it is imperative to also account for what cannot be seen. What would the wealth of our nation be today if the corporate tax rate had always been 10% or less? What creature comforts would have been innovated? What new technologies brought to market? What diseases cured?
Due to a history of high corporate taxes these answers are not known, and we are worse off because of it.
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Full article at link by Sterling T. Terrell// Ludwig von Mises Institute (Mises.org) The historical and current belief is that taxes in America are low, compared to the world in general. America is the model of free mar... more -
The Market Works Just in Time
If politicians understood the market better they wouldn't do so much damage to the economy.
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The Non-Issue that Should Be an Issue
It's the spending, stupid!
When was the last time you heard Senator Obama or Senator McCain give a speech on the bloated public sector? Did Senator Clinton, in her recently concluded presidential bid, ever scold voters who constantly want the government to "give" them more and more services?
These are rhetorical questions. Today our ruling parties tacitly agree that no government department can be eliminated, that major spending reductions are forbidden and that the spending spree must continue.
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Full article at link by Gregory Bresiger// Ludwig von Mises Institute (mises.org) It's the spending, stupid! ... more
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