Homines libenter quod volunt credunt
Posted in Government Gone Wild on Sep 20th, 2009
They would get an F (actually, we at Rochester are too polite for that, we actually give out “E’s” instead of Fs. Does teaching the laws of economics make me a racist, gay-bashing assassin? Here are just a few samples: I absolutely reject that notion Well, now that is awfully scientific. When someone questions you, […]
Posted in Welfare State on Apr 15th, 2008
The store management’s fears were well founded. When consumers knew just how much more taxes would cost them, they reduced their purchases of the items by about 7 percent. As part of the working paper-titled “Salience and Taxation: Theory and Evidence,” coauthored by Adam Looney of the Federal Reserve Board and Kory Kroft of Berkeley’s […]
Posted in Behavior on Apr 14th, 2008
The mean center of population for the United States has moved steadily southward and westward since our Nation’s founding. For example, in 1790, the center of U.S. population was in Kent County along Maryland’s Eastern Shore. By the start of the Civil War it had moved to Pike County in South Central Ohio. The center […]
Posted in Corporatism, Extended Order on Apr 8th, 2008
the typical trucker of the “typical” politician? It’s not even a close competition! This interesting article from the Quad-City Times illustrates why. Truckers appreciate and understand Hayek and Leonard Read: Hills then removed his wristwatch, using it to explain his point of view: “Every piece of this watch was trucked from somewhere. If you can’t […]
Posted in Taxation on Apr 1st, 2008
A look at where your tax dollars go.
Posted in Fun Facts, Taxation, Unintended Consequences on Mar 17th, 2008
Rhetoric wins the day over reality. Here are two facts I stumbled upon recently:
Posted in Taxation on Mar 5th, 2008
Effective tax rates on the households in the middle of the income distribution (40th to 60th percentiles) have fallen substantially since 2001 and even more since 1981. Income, payroll and excise taxes now take up 14.2% of income, down from 16.6% of income in 2001 and 19.2% in 1981. My two cents: Couple this trend with […]