…federal revenue. 2. Federal Net-Worth Tax: All net worth (accumulated wealth), except the first ~$800,000 is taxed at a progressive 1-1.7% rate. This tax replaces property, capital gains & estate…

…Many people who ought to know better believe this would save a great deal of money and help fix the 2037 benefit gap. Sorry, people. This idea isn’t worth the…

hat tip reader coberly Fresh Air from WHYY IraqIn Iraq, Tactical Theory Put Into Practice Lt. Col. John Nagl wrote the textbook on counterinsurgency — literally. Nagl was part of…

Kent Smetters poses this question as the title of this paper. Several economists including myself would answer yes to this question but then Smetters notes that we are assuming policymakers…

…capital — represents only the most tenuous long-term approximation of what our real capital is worth. Certainly true: the stock (total dollar value) of “financial capital” goes up (in fits,…

For nearly a half a century, from 1947 to 1996, real GDP and real Net Worth of Households and Non-profit Organizations (in 2009 dollars) both increased at a compound annual…

…Sorting & Delivery Centers was published earlier this week. Unfortunately, it was hardly worth the wait. The report limits itself to comments about how good or bad a job the…

…101 gifts that Justice Thomas likely received over those 20 years mostly comprising free trips to and free stays at Bohemian Grove and Topridge worth $1,787,684) the number jumps to…

…of enterprises that weakens links to communities, makes caring for workers seem like too great a cost, and encourages over-leveraging and instability that ultimately is devastating to the economy. Add…

Robert Balling over at TCS goes after Al Gore’s “An Inconvenient Truth” by noting a passage taken from this study, which got NRO’s Jonah Goldberg all excited. Andrew Sullivan more…