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Capitalism is broken … or at least that’s the logical conclusion anyone who’s been exposed to it for five minutes would come to. Modern capitalism is buil
The best way to understand the thought leadership behind Hungary's economic success is to examine the 2016 tax reform, which created perhaps the simplest and most ingenious small-business tax in the world.
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
There’s an idea rooted among some libertarians that the Federal Reserve was originally a sound institution but has grown corrupt. As a bankers’ bank, it was fine, they believe, but not as the monster it has grown to be. If we could only go back to the Fed’s founding charter, all would be well.
“It is a characteristic of wisdom not to do desperate things.” —Henry David Thoreau, Walden (1854) Long ago, in a universe of sane fiscal policy far, far away, there existed an institution, then new to the world of international banking and finance, called the Federal Reserve Bank, whose primary concern of the day—the day being its official charter on Dec. 23, 1913—was to have very large reserves of cash backed by even larger reserves of gold that were enough “to earn the public trust.” It was an unusual kind of organization, where simple policy directives such as “safety and...