Biden versus Bastiat

Israeli officials have been saying they intended to apply a Gaza Strip model to the invasion of Lebanon, but the extent of the destruction inflicted on the southern part of Lebanon in the first month and a half of the war is even bigger than initially feared. New reports from the BBC are that they’ve […]

Subprime Crisis 2.0: Will Private Credit Be The Trigger? Via RealInvestmentAdvice.com, We have recently tackled the rising stress in the Private Credit markets. Here are a few of our previous warnings: Fitzpatrick: Soros CEO & CIO Warns of a Reckoning Private Credit Stress: Will The Fed Backstop Exuberance Again? – RIA Is Private Equity A Wolf In Sheep’s Clothing? After 30 years of watching credit cycles expand, distort, and collapse, I’ve learned one reliable rule: “When enough people start drawing comparisons to 2008, it’s worth stopping to check whether the analogy holds up — or whether...

Although most economists tend to overemphasize the desirability of particular ways of collecting tax revenue as opposed to others, a tax on profits is perhaps one of the most evil and disastrous forms of taxation conceived.