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Tax
competition between
countries is good. International agreements that organise tax
harmonisation are bad. Tax competition
compels
governments to
economic use of
public resources. It stimulates efficient public
services, prevents wasteful public
spending
and saves taxpayers money. Learn
the logic, ethics & Benefits of of
tax competition
in
this
5
min Video by
Daniel J.
Mitchell Ph.D.
 Do
Oil prices cause Inflation
or
are they just a Consequence?
Greenspan warns: More Bank Failures
in the Pipeline
The
insolvency crisis will come to an end only as US home prices begin to
stabilise, and this is when the absorption of the huge excess of vacant
homes that emerged from the housing boom is much further advanced than
it is now. (Aug 4 2008)
 Financial
Market Stability
Prof.
Axel Weber, president
of Deutsche Bundesbank.
Three Things to Know About
Fannie Mae and
Freddie Mac
WATCH LIST
imploded and
ailing
Institutions
Lew
Rockwell interviews Jörg Guido Hülsmann on the
FED's over- expansionary monetary policy
(18 min. mp3)
- 04
Aug 2008
Mark Thornton explains the reason why
record setting skyskrapers are excellent forebodes of recessions:
Unnatural abundance of easy credit causes unnatural construction booms
which cannot but unwind in a bust when
overexpensive buildings find no tenants.
(10 min. mp3) - 18
Aug 2008
The Truth About Inflation
Just where does inflation come from ?
Outer space, perhaps?
Lessons
from the 1970s
The
only historical period that bears any resemblance to what is happening
today is the 1970s. Then, and now, an oil price shock turned into a
rise in the general price level. Both then and today, central banks
largely accommodated this price rise. It was a mistake then and is a
mistake now.
Monetary policy
has been excessively accommodating for more than a decade, building up
excessive inflationary
pressures in the global economy....
The
paved Road to Hyper-Stagflation
Another Story Bankers
and
their Big
Media don't tell
Prices
for rice, corn, wheat and
oil have doubled over the
last 12 months. With half of the world's population living on less than
2 US$ a day the price hikes caused food riots in many
countries and even oil price
protests in Europe. Meanwhile the FED continues to print new money at
the rate of 18%/yr
and EU's m3 is at 12%. Real
inflation already hits 7% and
-if the money printing continues- could reach 15% within 12-18 months,
necessitating rate hikes
with massive failures as a result. It is the excessive money printing which
caused the credit crunch
helped by mortgage fraud and
the derivates orgy. The
crisis will
continue to deepen for another 24 months.
The
paved Road
Europe's
growth is fake
the wealth produced by its
army of bureaucrats is
imaginative. The
the nominal contribution to GDP of the public spending orgy is in
reality
worthless, causing
even more inflation. Monetary
tension is building up
and European interest rate
spreads widen rapidly. Italy
and Greece could soon be
forced to
leave
the Common Currency, which would cause a worldwide collapse of
confidence in
the Euro and in our whole fiat monetary system. A
worldwide disaster
is in the making and just
as in 1929, the architects
of the desaster
are our Central
Bankers.
(60min-13mb
mp3)
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You can shear a
sheep many times,
but you can only
skin it once...
States are aggressive entities which steal property through taxation
and expropriation, initiate physical force, create monopolies,
and restrict trade. States today are as normal as slavery was in the
old days.
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Short Messages
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For
the 13th year in a row Auditors refuse
to approve the European Union budget.
12 % of regional spending was not
accounted for. Farm subsidies got to Horse-breeding
and golf courses
The
rise of anti-Americanism in Europe is a danger to both American and
European pocketbooks, and our collective liberty. Here is why: Europe
and America are each other's biggest trading and investment partners,
and anything that damages that relationship is harmful to everyone
involved.
by Jan
Krzysztof Bielecki
More
social spending by EU governments
is not the best way to reduce inequalities, and can have unintended
consequences, says Jan Krzysztof Bielecki, a former Prime Minister of
Poland. He argues that the fastest route to cohesion both between and
within member states is freer movement of people, capital and services
How
poor are the American Poor ?
Poverty
is an important and emotional
issue. Last year, the
Census Bureau released its annual report on poverty declaring
that
there were 37 million poor persons living in the United
States
in 2005. 12.6 percent of
all Americans. This number has varied from 11.3 percent to 15.1
percent of the population over the past 20 years. To understand poverty
in America, it is important to look behind these numbers—to look at the
actual living conditions of the individuals the government deems to be
poor. Official data show 43% of them own a three bedroom
dwelling. 80% enjoy air conditioning, 75% have a car and 31% of the
poor families even have two vehicles. American poor on average dispose
of 114 m² living space. Substantialy more than the European
agerage of poor ànd wealthy families together: 86 m² in
Belgium and 85m² in
the UK.
This analysis of the Heritage Foundation learns many
american poor
are in fact much better of than most of the European wealthy
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Using
data from the
U.S. Census Bureau, the Goldwater Institute finds High-tax and
-spending states suffer increases in poverty rates, both general
and
in childhood poverty rates. The paper provides scientific
evidence
that private-sector job growth is the most effective antipoverty
program.
Policymakers who seek to reduce poverty and improve the
lot of the poor should embrace policies promoting as much
private-sector growth as possible, and therefor reduce taxes and limit
the growth of public spending. Contrary to dogmatic beliefs and
special interest claims by those those employed by the government
programs the paper demonstrates that the promotion
of Big Government, high taxes and public
spending
destroy wealth and actually hurt the poor.
The
Laffer Curve explained
In these short
Youtubes, Dan
Mitchell
explains the relationship between
tax rates
and tax revenue, and the reasons
why marginal tax revenu
declines
when tax rates increase. Historical examples
proove the case for moderate tax rates.
by
Daniel J. Mitchell Ph.D.
Part
1 Part 2 Part 3
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The Clean Energy Scam
Analysis Behind and
Beyond Government Economic Reporting