Archive for July, 2010

The Economist Manifesto

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Why was the top tax rate in America once at 91 percent?

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Did it have to do with the number of tax payers paying into the US tax system or the GDP? I am really curious as to why the tax rates were that high in the middle half of the 1900s.

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Britain Plans to Decentralize Health Care

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WSJ: 10 Stock Market Myths That Won’ t Die!

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Longer Unemployment Equals Worse Re-employment: Increasingly Desperate Job-Seekers Are Taking Jobs They Don’t Like, Don’t Want, And Are Too Qualified For

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Hugh Hendry: ‘If there was a way to short Obama, I would’ – NYTimes.com

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Hauser’s Law: It doesn’t matter if the top marginal tax rate is 28% or 91%. The IRS still collects the same percentage of the GDP.

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A study has concluded that $136 billion in U.S. currency — 88 percent of the total circulation—is missing.

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Letting High-Income Tax Cuts Expire Is Proper Response to Nation’s Short- and Long-Term Challenges

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"At the moment, for example, we are sitting on 5GB from Bank of America, one of the executive’s hard drives,"

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U.S. Rescue (Bank Bailouts) May Reach $23.7 Trillion, Barofsky Says

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Neel Kashkari, the "TARP guru", says we need to cut social security entitlements. Apparently we gave too much to the banks.

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The political genius of supply-side economics | Martin Wolf’s Exchange | FT.com

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In 2008, Americans reported $8.4 trillion in total income, down 4.6% 2007. Inflation adjusted, that is down 8.4% — the sharpest decline in total income since 1990.

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U.S. may face deflation, a problem Japan understands too well. "Economists worry that America could be edging closer to the trap that cost the other nation more than a decade of growth."

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Hey Austrian School, what is your best summary, review or critique of Rothbard’s "Man Economy & State"?

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Statism certainly creates a facade of stability, but in the name of such harmony innovation is stifled.

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Bank Stress Tests Aren’t `Rigorous Enough,’ Oppenheimer’s Bernstein Says – Bloomberg

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A Meaningless Report: Europe’s Stress-Free Stress Test Fails to Make the Grade

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Does happiness affect productivity?

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