Corporate taxes are a hot policy issue right now. The Trump administration has made tax reform one of its key initiatives and revived the debate (if it ever really went away) over what exactly…

Ludwig von Mises argued all action is aimed at creating value for the man or woman that is acting. This postulate is the starting point of analysis, which Mises referred to as “the axiom of Human…

You’re probably familiar with the phrase “Don’t judge a book by its cover.” I have an analogous saying, “Don’t judge a policy by its intent.”

Just as a good librarian knows a book’s flashy appearance…

In my previous post, I discussed the tradeoff between liquidity and rates of return. But here’s the thing: investors are constantly in search of a better deal. So long as an investment is available…

Savings exist in different forms, each of which produces different rates of return for saving agents. These agents economize on cash balances. Each person must decide how to allocate his or her…