Homines libenter quod volunt credunt
Posted in Regulation on Mar 26th, 2009
Says Timmy Geithner: “Let me be clear,” Geithner told the committee. “The days when a major insurance company could bet the house on credit default swaps with no one watching and no credible backing to protect the company or taxpayers must end.” But it is fine if a major automobile company bets the house on […]
Posted in ethical foundations, You Can't Have it Both Ways on Mar 26th, 2009
Thus says the Lord when opining about the tax breaks the rich get when they donate to a charity. For example, take two people, one in the 35% income tax bracket and another in the 20% income tax bracket and consider the “benefits” they get when they make a $100 charitable contribution. If each of […]
