Every dollar the federal government taxes or borrows away is an extra dollar of control that Congress has over the economy. This is why Republicans should cheer any uncapping of the SALT deduction. Instead, they’re fighting against it. They claim it would be a tax cut for the rich (why that’s bad has never […]
Keep California and New York Out of Washington: Expand the SALT Deduction Read More »
Senator Schumer thinks orange juice costs too much, while Senator McConnell thinks chocolate milk has become too pricey. Jerome Powell fears the cost of eggs. All of the above is hypothetical, but what might your response be to laments about prices from political higher-ups? Hopefully it would be disdain. Prices in market economies are
The Obnoxious Conceit of the Consumer Price Index Read More »
In the early 1920s, radios were the pricey, must-have gadgets of the day. And as all transformative market goods are, they started out expensive only for RCA (the Apple of its time) to render common what was once a luxury. One hundred years later, those with internet access can listen to radio stations around the
Ben Bernanke Was the Crisis Read More »
