Economics Is about Individual Choice

Economics Is about Individual Choice

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“The light which the economic theorist can throw on an economic process, or on the outcome of such a process, is viewed as deriving from his ability to relate back the process to the individual acts of choice of which the process is made up. Through the theorist’s understanding of the decisions made by individuals, and of the way in which these decisions have mutual impact upon one another, and become mutually adjusted to one another, he is […]

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Question about gold and prices

Question about gold and prices

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If we assume that a country directly uses gold as money like at the times before the paper money, how would small prices be paid by gold? For example 1gram of gold is 100 dollar approx. And I want to pay 2 dollars with gold. How these small amounts be paid, 1/50 gram is so small. Thanks. submitted by /u/Electronic_End3796 [link] [comments]

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DOGE Recommendations: Reform the Tax Treatment of Health Care

DOGE Recommendations: Reform the Tax Treatment of Health Care

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Michael F. Cannon Via this Cato white paper, I submitted the following recommendations to the “Department of Government Efficiency,” a private-sector organization that will advise President-elect Donald Trump on how to reduce inefficiency in the federal government. The following recommendations would achieve the Democratic goal of limiting the tax exclusion for employer-sponsored health insurance and the Republican goal of giving workers greater control over their health care dollars and decisions, all in a manner that is budget-neutral and […]

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The U.S. Government’s Building Fiscal Crisis

The U.S. Government’s Building Fiscal Crisis

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Government spending is going through the roof as the outgoing Biden-Harris administration cements its fiscal legacy of failure. That’s not an understatement. Even U.S. Treasury Secretary Janet Yellen is apologizing for the administration’s sad fiscal performance. Here are her comments from the Wall Street Journal‘s CEO Summit on December 12, 2024: WSJ: One not-so-great aspect of the legacy you and President Biden leave behind is a very large budget deficit, roughly 6% of GDP. Are you sorry you […]

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Sheldon Gilbert: The New President of the Federalist Society

Sheldon Gilbert: The New President of the Federalist Society

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Many readers of this Blog may be interested in knowing more about Sheldon Gilbert, the new President of the Federalist Society who will take over from Eugene Meyer on January 2, 2025. Sheldon is a brilliant libertarian conservative who is 44 years old, has four children, and has held leading positions at the Chamber of Commerce litigation team, the Institute for Justice litigation team, the National Constitution Center headed-up by Jeff Rosen, and as a senior counsel at […]

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