Laissez Faire Links

By Jeremiah Dow | Stories for free minds covering free markets.

To Be A Happy Person, Understand Marginal Utility

I’m at dinner and the hostess serves me pie for dessert. I gobble it up. Then the hostess says, “Would you like another piece?”<p>I politely decline.<p>In …

Scientific Research

The Top Three Arguments against a Universal Basic Income

Every so often a new study is released, concluding that a universal basic income (UBI) is needed to fix this country’s welfare system. Most recently, …

Basic Income

Socializing Through Single-Payer Will Lead To Rationing And Bankruptcy

With the Senate’s failure to pass legislation to repeal and replace the Affordable Care Act, the future of Obamacare and, more broadly, the crumbling …

Health Care

Tax Withholding Is Miracle-Grow for Government

Americans don’t like the tax system, but they don’t dislike it nearly as much as they should. For those of us who want to scrap the tax system, this …

Foundation for Economic Education

Unlicensed Pet Sitters: The Latest Victim of New York's Regulatory State

By: Dave Albin <br>The New York City Health Department wants to ensure that pet sitters are licensed, and has warned a popular internet-based pet sitter …

Pets

My Name Is...No

The etiquette of information sharing in the age of social media has dramatically changed in the last decade. Maybe you have noticed.<p>Most anyone under …

Don’t Let Politics Smash Your Ideals

The point of discovering the ideas of liberty is fully to realize what liberty (not the state) can do to give us, our families, and communities, …

Foundation for Economic Education

Current National U.S. Debt - Approaching $20,000,000,000

The national debt is the total amount of intra-governmental and public debt owed by the U.S. federal government. About two-thirds of this debt is in …

Monopoly Money Should Give Way to Choice in Currency

For more than two hundred years, practically all of even the most thoroughgoing free market advocates have assumed that money and banking were …

Any of These 3 Bubbles Could Be about to Burst

Historically, easy money and cheap credit have never produced good results. One would think that the 2008 credit crisis, whose effects have not quite …

Economy

From communism to capitalism: How Christmas gift-giving has changed in Poland

Poles who grew up during the communist era love to tell their children and grandchildren that as kids, they would be satisfied with a simple orange under the Christmas tree.<p>This is, in part, an admonition against expecting a bountiful haul of presents, but it’s also an expression of nostalgia for …

Christmas

Ayn Rand Institute

Portland city council passes tax on CEOs who earn 100 times more than staff

Revenue from the new tax, which seeks to address income inequality, is intended to be used to pay for programs for homeless people<p>The Portland, Oregon, city council has voted to pass a first-of-its-kind measure that would levy a tax on public companies whose CEO-to-workers pay ratio is more than …

Income Inequality

Self-Discipline Must Be Selfish

Today’s the day. The day you get serious about your work, your studies, your finances, your health, your life. Commence adulting.<p>The work, the …

One Senator Saw the Problem with the Fed before It Was Created

If I haven't been posting much lately, it's because I'm working on a paper about the 1908-12 National Monetary Commission, and have been up to my …

7 Harsh Realities Of Life Millennials Need To Understand

<b>Millennials.</b><p>They may not yet be the present, but they’re certainly the future. These young, uninitiated minds will someday soon become our …

Did the Fed Really Say they Could Buy Stocks?

The Fed told Congress it would buy stocks if Congress allowed it. This statement has caused a lot of people to scratch their heads. Will this cause …

America is NOT a Democracy (Leonard Peikoff)

The American system is not a democracy. It is a constitutional republic. A democracy, if you attach meaning to terms, is a system of unlimited …

Democracy

Washington’s Wake-Up Call

Sky-high debt and dismal growth are testing Americans’ faith in democracy.<p>When I testified on Capitol Hill last week on the subject of the national debt, I found myself in the odd position of hoping our elected representatives would find my testimony of little value because it would strike them as …

Malaysia

Harmonize This, Eurocrats

The tax attack on Apple serves the EU’s dream of never having to change.<p>Everyone knows Europe feels bad because it can’t develop an Apple or Google or Facebook or Amazon. That’s why Europe has been fashioning multiple initiatives to punish American tech companies, including last week’s impertinent …

Finance

Europe's 'unfair' Apple tax ruling sparks US anger

<b>There has been widespread criticism in the US of the European Commission's ruling that Apple should pay up to €13bn (£11bn) in back taxes.</b><p>The US Treasury said that such tax investigations were "unfair" and undermined the tax rules of individual states.<p>Charles Schumer, a senior Democrat senator, …

Fraud

No, Taxpayers Are Not Subsidizing Banker Bonuses

If I were to make a list of the most abused words in the English language, “subsidize” would almost certainly make my top 10.

Fraud

"What Can One Do?" (OCON 2016)

European Ruling against Apple and Ireland Vindicates Brexit

Taxation is bad enough: two consenting parties arrange a mutually-beneficial exchange, and an interloping third party demands a cut.<p>What compounded …

States Start to Approve Steep Increases in Health Premiums

Obama administration looks to ease consumer concerns about rising rates with analysis showing tax credits would blunt impact for some<p>WASHINGTON—The first handful of states have released approved 2017 rates for people who buy health insurance on their own and the results so far are consistent with …

Health Care

How Viennese Culture Shaped Austrian Economics

Schools of thought are frequently named after their country or place of origin. The Chicago School, the Frankfurt School, and the Scottish …

The Federal Reserve Has Created An Unprecedented Disaster For Pension Funds

<i>Submitted by Mike Krieger via Liberty Blitzkrieg blog,</i><b>When it comes to the Fed, Congress is mired in hypocrisy. The anti-regulation, de-regulation</b> …

Finance

The Fed may have given a sign that they're preparing for negative interest rates

I think it’s possible that the Fed will push rates below zero when the next recession arrives.I explained why a few months ago in my free weekly column, <i>Thoughts from the Frontline</i>, at Mauldin Economics.<p>In that regard, something important happened recently. And not many people noticed. I’ll do a …

Economy