By Kerry McDonald Whenever my children express an interest in economics or are curious about the ideals of freedom and responsibility, I can barely contain my excitement. It wasn’t until college that I discovered, and fell in love with, economics, and it wasn’t until much later that I understood liberty as a life philosophy. Fortunately, I can avoid stifling their … [Read more...] about 4 Great Tools for Teaching Kids Economics and Liberty
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Manhattan Luxury-Apartment Sales Plunge After New Transfer Tax
By Tyler Durden A new report from The Wall Street Journal shows how a new transfer tax in Manhattan has led to a slump in sales of luxury properties this summer. The new tax, basically a one-time payment on homes valued above $2 million, was enacted on July 01. The new policy led to a massive surge in June sales of luxury residential properties. But when it came time … [Read more...] about Manhattan Luxury-Apartment Sales Plunge After New Transfer Tax
What We can Learn from Liechtenstein
Op-Ed by Titus Gebel If one mentions in a discussion that Liechtenstein's political system could possibly serve as a model for Germany, one usually reaps scorn and ridicule. If you dig a little deeper to find out what they know about Liechtenstein, the result is usually: little to none. The Principality of Liechtenstein has no common border with Germany, it is trapped … [Read more...] about What We can Learn from Liechtenstein
“We’re Going to Find You” — How Undercover Agents Trade Prison Time for Bitcoins
By Graham Smith An Australian national living in Boulder, Colorado was slammed with a one year and a day prison sentence last month for trading bitcoins. An August 23 statement from the Colorado U.S. District Attorney’s Office states that Emilio Testa, 32, was charged with money laundering, and claims Testa knew the funds he was acquiring had been used in narcotics deals. … [Read more...] about “We’re Going to Find You” — How Undercover Agents Trade Prison Time for Bitcoins
What Economic News Can You Trust?
Op-Ed by Robert E. Wright Traditional news may not be “fake” per se, but people are right to remain suspicious of it. Deep insights into reality often get dumbed down into silly slogans and ideas, but that does not mean that they are completely off the mark. Remember Obamacare’s “death panels”? That bit of legend was rooted in the intuition that one should not receive … [Read more...] about What Economic News Can You Trust?
The US Is Burying Young People and the Unborn Under a Mountain of Government Debt
By Jason O'Day In 2018, the federal government paid $357.3 billion in interest on the nation’s fiscal operating debt—$61 billion more than the previous year. That is more than seven times what it spent on education and enough to build 27 aircraft carriers. The combined interest payments of the four years from 2015 through 2018 total $1.2 trillion. That figure exceeds each of … [Read more...] about The US Is Burying Young People and the Unborn Under a Mountain of Government Debt
Now Could Be The Time To Sell Your Classic Car Before The Downturn
By Tyler Durden Have you ever thought about thinning out your classic car collection? Now could be the time before the antique car market rolls over. Hagerty Price Guide, the premier collector car value guide, shows that in the last four years, 1960s American cars, blue-chip cars, British cars, Ferraris, German collectibles, and Muscle cars have seen their prices stagnate … [Read more...] about Now Could Be The Time To Sell Your Classic Car Before The Downturn
Negative Interest Rate Policies are Backfiring — New Research
Negative interest rate policies - where nominal rates are set below zero percent - have been introduced in Europe and Japan to stimulate flagging economies but research from the University of Bath shows the unconventional monetary strategy may be doing more harm than good. Recently, several major European banks announced plans to pass on negative interest rates to … [Read more...] about Negative Interest Rate Policies are Backfiring — New Research
The Economics of BTC Maximalism
By Sal Mayweather BTC maximalism is a flawed doctrine, fallacious in numerous respects. First, if you'd prefer to hear these arguments in audio, check out this recent episode of ABNP, where @mrpseu & I discused these same topics. Also, a qualifier: I'm not capable of making, defending or refuting technical arguments. I'll leave that aspect of the debate to … [Read more...] about The Economics of BTC Maximalism
Remote Work: The Right Response to a Labor Market Made Complex by Government
By Chloe Anagnos Remote work has quickly become an alternative to millennials making a living off the gig economy, thanks in part to the growth of websites like Fiverr and the big-data revolution. But as the practice became more popular and companies noticed they could actually benefit from it, many began to either send their employees home or to simply rely more on … [Read more...] about Remote Work: The Right Response to a Labor Market Made Complex by Government
Mega Drug Pushers Johnson & Johnson Get Away While Peaceful Silk Road Is Destroyed
By Graham Smith It’s been said that those who protest the loudest are often the ones who are guilty, and when it comes to government and their pet corporations, things are no different. No surprise, then, that the blustery moralizing — and violent state force brought to bear against businesses — are most intense where the money and power stand to be lost, as in the case of … [Read more...] about Mega Drug Pushers Johnson & Johnson Get Away While Peaceful Silk Road Is Destroyed
The Hidden Tax in Central Banks’ Low-Interest Policy
By Brendan Brown Under the regime of the two-per-cent inflation standard, governments are levying a vast new tax. This shows up nowhere in public sector or private sector accounts and has so far created little if any resentment among those subject to its burden. Many live in the illusion that there is a continuing escape possible. This is a dream tax from the viewpoint of … [Read more...] about The Hidden Tax in Central Banks’ Low-Interest Policy