You make money by buying low and selling high. That usually is easier said than done, but it hasn’t been difficult recently in international finance. That is changing, however, and this change may affect many who are unfamiliar with “the…
Taxing groceries overtaxes the poor
The state of Mississippi’s ongoing controversy about whether to lower its sales tax on groceries may be a local issue there, but it carries implications for many other states. It demonstrates a perennial quandary in sales-tax policy. Taxing a broad…
Want to cut government? OK, where?
Life would be better if we starved the beast of government, some say. But while the idea of minimal government beguiles many, deep cuts may render vital functions of government less effective. A recent Associated Press article points out that…
Occasional market storms inevitable
This week’s gyrations in world stock markets resembled a blizzard that comes up with little warning. Many of us relish a good blizzard once in a while: It gets the blood flowing and provides material for water-cooler discussions. Truth be…