Economics

A number of very wealthy French citizens have called for their government to raise taxes on the rich, the “justification” being that this will help curb the government’s deficit. The French government concurred and has imposed a new 3 percent additional tax on everyone making more than 500,000 euros annually.…

No wonder so many Americans want to abolish the income tax and the IRS along with it. The IRS pries into our earnings, our daily spending habits, even our mileage records. The nightmarishly indecipherable tax code imposes huge compliance costs, along with the risks of arbitrary persecution for innocent errors.…

Richard M. Salsman reviews The Bourgeois Virtues: Ethics for an Age of Commerce, by Deirdre N. McCloskey.

Daniel Wahl interviews Andy Kessler, author of Eat People: And Other Unapologetic Rules for Game-Changing Entrepreneurs.

Daniel Wahl reviews The Sleuth Investor: Uncover the Best Stocks Before They Make Their Move, by Avner Mandelman.

Shows how the novel brilliantly dramatizes the essential principles of this science along with the fallacies involved in denying those principles.

Daniel Wahl reviews The Dhandho Investor: The Low-Risk Value Method to High Returns, by Mohnish Pabrai.

The author and investor discusses his book, the state of economy, the cause of America’s financial problems, and investment possibilities under the circumstances.

Daniel Wahl reviews How an Economy Grows and Why It Crashes, by Peter D. Schiff and Andrew J. Schiff.

In a recent article in Investor’s Business Daily, Thomas Sowell explains why Obama’s economic policies are bad for the economy: The current issue of Bloomberg Businessweek has a feature article about businesses that are just holding on to huge sums of money. They say, for example, that the pharmaceutical company…