Prohibition and trade politics in Middle Earth, thoughts on valuation, sovereign crises and other links, thoughts and asides...
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Further Reading: Franz Josef and the Sandwich Edition
Further Reading: National Bourbon Heritage Month Edition
Yes it is National Bourbon Heritage Month, and in its honor we should all study our Bourbon history. David Rosenberg gives us 6 reasons why the market may go higher for a little while. After that? Albert Edwards spots a killer wave and more...
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How our system of taxation works
Via Professor Greg Mankiw: Suppose that every day, ten men go out for beer and the bill for all ten comes to $100. If they paid their bill the way we pay our taxes, it would go something like this: The first four men (the poorest) would pay nothing. The fifth would pay $1....
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