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State of California vs Amazon Affiliates vs Amazon

A little background first:

Standard law on sales tax, in the states that charge them, is that businesses that have a physical presence in the state, even if the particular sale is fulfilled through an out-of-state facility, are required to collect and remit sales taxes.

On the other hand, if you buy a new fishing [...]

Fight Of The Century, Second Round (Hayek vs Keynes)

A follow up video to the original rap battle. This is just as good if not better than the first.

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Keynes vs Hayek Rap

The Original Video

Sneak preview of the sequel

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The Fed Going Broke? Impossible – They Own the Presses

From a Reuter’s article titled Could the U.S. central bank go broke?

Varadarajan Chari, an economics professor at the University of Minnesota and a consultant to the Minneapolis Fed, says that at some point during its exit from easy monetary policies, the Fed actually may go broke — at least on paper.

“The most obvious [...]

An enjoyable debate last night on facebook

Coming from a kid that’s going to go far: http://www.facebook.com/photo.php?fbid=173898262620470&set=a.132997273377236.23707.100000008936139

The comments run long so you’ll have to click the -more- link to read them all

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Paying For Social inSecurity

I’ve been trying to explain this to people for many many years now:

A Radical Re-Imagining Of The Tax System

Russell Roberts, Forbes, 1-23-09

The payroll tax [Social inSecurity & Medicare] a regressive tax that falls harshly on the poor. And it is deceptive, an unacceptable characteristic of a tax in a [...]

Health Care? How About Some Truth Care?

For Single-Payer Healthcare – Yahoo! News:According to a study by the National Nurses Organizing Committee/California Nurses Association, switching to a single-payer system would: 1. Create 2,613,495 million new permanent good-paying jobs (slightly exceeding the number of jobs lost in 2008) — and jobs that are not easily shipped overseas 2. Boost the economy with $317 [...]

Midas Mulligan Needed Now?

When I read this I got an incredible feeling of having fallen into a dream – or more like a nightmare.

Treasury Plans Wider Oversight on Compensation – NYTimes.com:The strictest oversight of all will come from Mr. Feinberg, the administration’s compensation czar, who will actively vet all executive compensation changes at the companies that have [...]

Are Some Minorities More Right Then Others?

The common wisdom has it that the American white male has all the advantages and that anyone else is automatically relegated to a lesser status. If that’s the case then why do we find the following:

By NICHOLAS D. KRISTOF Published: June 6, 2009

Asian-Americans are renowned — or notorious — for ruining grade [...]