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How taxes cause unemployment
By Arthur Middleton Hughes It is clear that high rates of taxation lower the rate of economic growth, and that states that lower their tax burdens are rewarded with an enhancement in their economic growth. Income taxes levied on individuals … Continue reading
Posted in Topical Featured Articles
Tagged entrepreneurs, profit, savings, taxes, Unemployment
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Why the free market is successful
By Arthur Middleton Hughes The price system is just one of those formations which man has learned to use…after he had stumbled upon it without understanding it. Through it, not only a division of labor, but also a coordinated utilization … Continue reading
Posted in Hot Articles
Tagged adam smith, division of labor, entrepreneurs, free market, profits, self interest
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What the Fed is doing to our money
There is no justification in history for the existing position of a government monopoly of issuing money. It has never been proposed on the ground that government will give us better money than anybody else could. It has always, since … Continue reading
Posted in Articles
Tagged adjustable rate mortgages, bond market, business cycle, COLA, cost of living adjustment, discount rate, easy money, entrepreneurs, Fed, federal deficit, Federal Reserve System, monetary policy, mortgages, national debt, reserve requirements, savers, treasury securities
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The Industrial Revolution
A series of events in England in the 1700s let up to the magical period from 1760 to 1830 called The Industrial Revolution. It changed England and the world forever.[i] Farming had gotten much more efficient in the 1700s and … Continue reading
Posted in Articles
Tagged canals, cotton spinning, entrepreneurs, George Stephenson, Henry Cort, James Hargreaves, James Watt, Liverpool and Manchester Railway, Mines Act, pig iron, puddling process, Richard Arkwright, spinning jenny, Steam power, Thomas Newcomen, water frame, weavers
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Poverty is not a disease
The War on Poverty was officially started by President Lyndon B. Johnson in his State of the Union address on January 8, 1964. Studying his speech and subsequent programs, one gets the idea that poverty is something terrible that happens … Continue reading
Major Economic Schools of Thought
In the physical sciences, there is a large body of theory which has been widely accepted as correct. The disagreements are found only in very new concepts, like dark matter in space or global warming. Eventually these disputes are resolved … Continue reading
