Inflation
Business & Economics
How a flat income tax can help California
Californians may have paid their federal and state taxes last month, but the Golden State remains in a fiscal crisis, with a projected 2008-2009 fiscal year budget deficit as high as $20.2 billion, according to the governor’s estimate on April 29. Such budget crunches hit California because of its highly ...
Business & Economics
How a Flat Income Tax Can Help California Avoid Fiscal Crises
Californians may have paid their federal and state taxes last month but the Golden State remains in a fiscal crisis with a projected 2008-2009 fiscal year budget deficit as high as $20.2 billion, according to the governor’s estimate on April 29. Such budget crunches hit California because of its highly ...
Commentary
California Report Card Shows Dismal Results
School Reform News (The Heartland Institute), May 1, 2008 A February 15 report card from the Pacific Research Institute (PRI), a free-market think tank based in California, evaluated and graded 17 aspects of California’s K-12 education system, finding the state’s performance disastrously poor. Among the factors evaluated are the state’s ...
Commentary
Five myths of health care
Fictions don’t become facts through repetition. Keep that in mind next time you hear a politician breathlessly decry the horrors of the American health-care system and then explain how he intends to fix it. Some of the most popular talking points in the health-care debate pass as the gospel truth ...
Business & Economics
Oil Prices
prices surpassed the inflation-adjusted record set back in 1980 during the Iranian hostage crisis. Since then, they have set all-time highs—over $111 per barrel as of this writing. These sky-high prices, as well as the “unconscionable” profits earned by the oil companies, have led to predictable calls for government to ...
Business & Economics
The Fed at the Buzzer
The other March Madness? The Federal Reserve, in complete crisis mode, is widely expected to cut the federal funds rate this week, but one of its own is taking issue. Lee Hoskins, a former president of the Cleveland Fed, writes at Forbes and (aided by Robert P. Murphy of the ...
Business & Economics
Gold Jumps 3% on Fed’s “Sunday Special” as Stocks, Bonds & Currencies Enter “Genuine Panic”
Gold Jumps 3% on Fed’s “Sunday Special” as Stocks, Bonds & Currencies Enter “Genuine Panic” PHYSICAL GOLD PRICES leapt more than 3% at the start of world trade on Monday – and the US Dollar and Asian stock markets sank – on news that the Federal Reserve will today start ...
Business & Economics
Memo To The Fed: Stop Those Rate Cuts
The markets rallied last Tuesday in response to the Fed’s growing assistance to holders of mortgage-backed securities. Yet many onlookers are convinced that an aggressive cut in the federal funds rate at the upcoming March 18 meeting is still necessary to avoid a painful recession. In our view, further loosening ...
Business & Economics
Town leaders knew of rising trash fees
Americans pay a “tort tax” of $865 billion a year, according to last year’s estimate by the Pacific Research Institute. This figure represents money taken out of the economy via awards, settlements, lawsuit-avoidance tactics and price inflation of products and services provided by litigation-prone industries. The scholarship is challenging, but ...
Business & Economics
Why California’s “Budget Wolf” Has Returned
SACRAMENTO – On February 16, Governor Schwarzenegger approved the California legislature’s plan to deal with the “fiscal emergency” that the governor declared on January 10, two days after he said that the “budget wolf” that California had managed to avoid for two years was now back at the door. The ...
How a flat income tax can help California
Californians may have paid their federal and state taxes last month, but the Golden State remains in a fiscal crisis, with a projected 2008-2009 fiscal year budget deficit as high as $20.2 billion, according to the governor’s estimate on April 29. Such budget crunches hit California because of its highly ...
How a Flat Income Tax Can Help California Avoid Fiscal Crises
Californians may have paid their federal and state taxes last month but the Golden State remains in a fiscal crisis with a projected 2008-2009 fiscal year budget deficit as high as $20.2 billion, according to the governor’s estimate on April 29. Such budget crunches hit California because of its highly ...
California Report Card Shows Dismal Results
School Reform News (The Heartland Institute), May 1, 2008 A February 15 report card from the Pacific Research Institute (PRI), a free-market think tank based in California, evaluated and graded 17 aspects of California’s K-12 education system, finding the state’s performance disastrously poor. Among the factors evaluated are the state’s ...
Five myths of health care
Fictions don’t become facts through repetition. Keep that in mind next time you hear a politician breathlessly decry the horrors of the American health-care system and then explain how he intends to fix it. Some of the most popular talking points in the health-care debate pass as the gospel truth ...
Oil Prices
prices surpassed the inflation-adjusted record set back in 1980 during the Iranian hostage crisis. Since then, they have set all-time highs—over $111 per barrel as of this writing. These sky-high prices, as well as the “unconscionable” profits earned by the oil companies, have led to predictable calls for government to ...
The Fed at the Buzzer
The other March Madness? The Federal Reserve, in complete crisis mode, is widely expected to cut the federal funds rate this week, but one of its own is taking issue. Lee Hoskins, a former president of the Cleveland Fed, writes at Forbes and (aided by Robert P. Murphy of the ...
Gold Jumps 3% on Fed’s “Sunday Special” as Stocks, Bonds & Currencies Enter “Genuine Panic”
Gold Jumps 3% on Fed’s “Sunday Special” as Stocks, Bonds & Currencies Enter “Genuine Panic” PHYSICAL GOLD PRICES leapt more than 3% at the start of world trade on Monday – and the US Dollar and Asian stock markets sank – on news that the Federal Reserve will today start ...
Memo To The Fed: Stop Those Rate Cuts
The markets rallied last Tuesday in response to the Fed’s growing assistance to holders of mortgage-backed securities. Yet many onlookers are convinced that an aggressive cut in the federal funds rate at the upcoming March 18 meeting is still necessary to avoid a painful recession. In our view, further loosening ...
Town leaders knew of rising trash fees
Americans pay a “tort tax” of $865 billion a year, according to last year’s estimate by the Pacific Research Institute. This figure represents money taken out of the economy via awards, settlements, lawsuit-avoidance tactics and price inflation of products and services provided by litigation-prone industries. The scholarship is challenging, but ...
Why California’s “Budget Wolf” Has Returned
SACRAMENTO – On February 16, Governor Schwarzenegger approved the California legislature’s plan to deal with the “fiscal emergency” that the governor declared on January 10, two days after he said that the “budget wolf” that California had managed to avoid for two years was now back at the door. The ...
