What do you do if you’re in the line of fire of a Category 5 strike? First you pray. And then you hope you can rise to your training to protect your family and to be of assistance to others in need. You want to be the one that has prepared as much as possible […]
Is Federal Involvement Impeding Disaster Recovery?
According to Chris Edwards, the director of tax policy studies at Cato Institute, the federal government is involving itself too much in the business of disaster recovery. Edwards writes that local authorities, along with the private sector, are in a better position to take lead roles in disaster recovery. Too much federal intervention could actually slow […]
Is Your Portfolio Prepared for a Black Swan Event?
Worrying about a Black Swan event can do serious damage to a portfolio. Jon Sindreu and Laurence Fletcher write at The Wall Street Journal: In the wake of the global financial crisis, fear of such “black-swan” events drove some investors into hedge funds that offered protection should markets plunge. But the swans have yet to […]
Is There Anything Good About a VAT? You May Be Surprised
For years Dan Mitchell has criticized the value added tax (VAT). There are major problems with the way European nations have implemented the VAT. The biggest is that they didn’t get rid of all their other taxes first. At his blog International Liberty, Mitchell, a senior fellow at the Cato Institute, explains under what conditions […]
Class Warfare is Holding America Back
As the Senate and Congress ready themselves for a debate over tax reform, Dan Mitchell, a senior fellow at the Cato Institute, writes that the policymakers should ignore the shouting of class warriors and, like Reagan, focus on the entire economy. Faster economic growth is the best solution to the problems of everyone in the […]
Fuzzy Math Can’t Hide This State’s Pension Trouble Anymore
For years I have warned against over optimistic return expectations on pension funds (See here, here, here, here, here, and here for starters). States like Illinois are known to have unrealistic pension expectations, but new rules forcing states into more rational calculations for their pension fund returns have outed Minnesota as another pension fund risk […]
What Can We Learn from Denmark?
Under the heading of “even a blind squirrel finds a nut,” Denmark targets deep tax cuts. What are we waiting for? Peter Levring writes at Bloomberg: By encouraging more people to work, the government expects to generate more revenue via sources such as value-added tax, Jensen said during a press conference in Copenhagen. “There’s still […]
America Can Fix This Lousy Deal for Workers
Writing at International Liberty, Dan Mitchell a senior fellow at the Cato Institute, says that Social Security isn’t only basically bankrupt, it’s also a “lousy deal for workers.” He writes: The part of the crisis that generally is overlooked is that the program is a lousy deal for workers. They pay record amounts of tax […]
Keeping History Alive at Fort Adams, Newport, RI
Civil War re-enactors returned to Fort Adams in Newport for a historical weekend. Newport This Week describes the event: The Fort Adams Trust will bring the Civil War to life on Aug. 26-27 within the walls of Fort Adams with dramatic simulations of assaults, as well as re-creations of the daily life of soldiers and […]
If You’re Rushing to the Store to Prepare; You’re Already Too Late
Residents of Houston, Texas and the surrounding cities are facing an apocalyptic scenario today. With Hurricane Harvey poised to dump over 30 inches of rain in some parts of the already flood-prone area, residents are filling grocery stores looking to buy food and water before the floods hit. The problem is, once a disaster is […]
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