It's impossible to draw any general political conclusions from the recent fire at Grenfell Tower in London. Sadly, buildings run by private landlords, privately owned houses, and public housing will all occasionally meet with the tragedy of fire. This has nothing to do with austerity.
Greece's main free-market think tank, the Center for Liberal Studies, published its annual Tax Freedom Day study last week. Besides extending Tax Freedom Day by 15 days relative to last year, the study also projects that Greece will end up with the third-highest Tax Freedom Day in the EU, after France and Belgium.
This short video from the Pacific Legal Foundation details an attempt by government - in this case, that of the city of Palo Alto, CA -to extort money on a grand scale from innocent people. Below the video is my summary of the events.
According to the latest data, there are over 1.8 million homeschoolers nationwide. That's 3.4% of the overall US K-12 school-age population. More and more, parents of diverse races, ethnicities, and backgrounds are making the choice to educate their kids outside of traditional public schools. Even if it means paying twice for education.
Could the purchase of a car save a neighborhood? In the past the answer to the previous question would have been quick and dismissive no. But thanks to technological advances, previous economic truths have become a bit more nuanced.
I'm an Enrolled Agent tax pro based in California with clients all over the country. Recently, the son of a client who had moved to a more free state than ours asked whether I thought he should move back here to start a business. I suggested not. Why?
"Buy a Brita filter." That was my response to somebody on Twitter reacting negatively to a post where I made a point about the economic and personal impact of 70 mining jobs. Admittedly, the response was more an attempt at ironic humor, but there's a deeper point here that often gets left out in discussions on environmental trade-offs.
After the end of Apartheid in 1994, nobody would have guessed that South Africa would be making many of the same mistakes as the Apartheid regime only two decades later, from censoring speech to violating agricultural property rights. In our process of transformation, we were supposed to move away from the Apartheid mentality.
The escape from destitution and uncertainty of subsistence farming is one of the greatest accomplishments of the modern world. More people live longer, healthier, more peaceful lives today than anytime in the past. Recognizing the enormous, positive effect of this gradual transformation is an important tonic to the narrative of pervasive problems and pessimism.
When it comes to the oil sector (as in others), additional government interventions only cause unintended consequences. Using the threat of Strategic Petroleum Reserve withdrawals to limit "price gouging" and "profiteering" only cripples the ability of the market to anticipate and mitigate supply disruptions.