Arizona Ends Income Taxation on Gold & Silver Coins

Arizona Ends Income Taxation on Gold & Silver Coins

Arizona Governor Doug Ducey Greenlights House Bill 2014, Removing Income Tax from Certain Precious Metals at the State Level Phoenix, Arizona (May 23rd, 2017) – Sound money advocates rejoiced today as House Bill 2014 became the law in Arizona. HB 2014, which passed in the Arizona state Senate on May 10th by a margin of […]



Why Good Economics Matters Now More Than Ever

Why Good Economics Matters Now More Than Ever

In a newsletter published in 1970, economist Murray Rothbard wrote, “It is no crime to be ignorant of economics, which is, after all, a specialized discipline and one that most people consider to be a ‘dismal science.’ But it is totally irresponsible to have a loud and vociferous opinion on economic subjects while remaining in this state of ignorance.” […]



Time to Hedge State Reserve Funds with Gold

Time to Hedge State Reserve Funds with Gold

Financially prudent individuals set aside surplus funds to protect against unforeseen expenditures. This way, when faced with loss of income, house repairs, car trouble, or anything else, they will have a buffer against unanticipated downturns.   In the same vein, almost every state in the United States has established a “savings account” for government operations. […]



Idaho Democrat Leader Brain Malfunction

Idaho Democrat Leader Brain Malfunction

The Dunning-Kruger effect is the idea that low-ability people tend to suffer from illusory superiority. The phenomenon, first studied by David Dunning and Justin Kruger, says that people who know the least tend to overvalue their own competence, and tend to believe that they are experiencing some sort of upper-echelon level of thinking.



Idaho Bill Would End Taxation of Gold and Silver

Idaho Bill Would End Taxation of Gold and Silver

The Framers of our nation established that gold and silver are money, but federal taxing authorities in recent decades have required taxpayers to pay taxes on this form of money when its exchange for Federal Reserve Notes results in nominal capital “gains.”   But that problem may soon be mitigated, at least in Idaho.   […]



When Government Acts, “Unintended Consequences” Follow

When Government Acts, “Unintended Consequences” Follow

In 1850, French economist Frédéric Bastiat published an essay that is misunderstood, or more often, unread, titled, “That Which is Seen, and That Which is Not Seen.” Bastiat brilliantly introduced the idea of opportunity cost and, through the parable of the broken window, illustrated the destructive effects of unintended consequences.   Unfortunately, because of misplaced […]



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