Category Archives: Public Debt & Taxation

The Demise Of The United States

HT to Frederic Sautet over at the Coordination Problem blog.

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The Prychitko Stimulus Plan

Posted by Dave Prychitko on The Economic Way of Thinking blog. The new October unemployment data is in. The national unemployment rate hit 10.2%, with 15.7 million people unemployed. The Obama stimulus plan doesn’t appear to be working. What could we do with a trillion dollar-backed stimulus plan? My first-best solution: There are a million [...]

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The Flat Tax Is Not Flat and the FairTax Is Not Fair

Mises Daily by Laurence M. Vance | Posted on 4/3/2009 12:00:00 AM [This talk was given at the 2009 Austrian Scholars Conference at the Mises Institute.] Our current income tax system, inaugurated in 1913 with the adoption of the 16th Amendment, began with a 1 percent tax on taxable income above $3,000 ($4,000 for married [...]

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The Lies are Sacred, Blessed by Government

Posted on Mises Daily by Doug French | Posted on 3/26/2009 12:00:00 AM New president Barack Obama’s $3.55 trillion budget serves notice that if you thought government couldn’t get any bigger or more intrusive, think again. The budget “represents real and dramatic change,” according to the President. But really the Obama plan is just more [...]

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Where Does Economic Change Come From?

Recent discussions regarding economic stimuli, and the government’s role in fixing a “broken” economy should lead to important questions regarding the source of real economic change.  We find ourselves in a situation where change is necessary.  And our government seems convinced that they possess the best tools for “fixing” our economy. This is not necessarily [...]

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“The Practice of Contracting Debt” – Quote of the Day – David Hume

“The practice of contracting debt will almost infallibly be abused in every government. It would scarcely be more imprudent to give a prodigal son a credit in every banker’s shop in London, than to empower a statesman to draw bills, in this manner, upon posterity.”

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