Five myths about capital gains taxes

The late, great Jack Kemp, an architect of the Reagan tax cuts, used to say “without capital, capitalism is just another ism.” Capital is the plant, the machinery, the computers, and […]


The Eurozone’s Death by a Thousand Bailouts

“All diplomacy is the continuation of war by other means,” former Chinese Premier Zhou Enlai once quipped. These days, the same might be said for eurozone summits. The European Union was […]


No Money: Puerto Rico Misses Debt Payment

For the first time, Puerto Rico missed a bond payment Saturday, a major setback for the U.S. commonwealth’s 3.5 million people. The island territory has already suffered a decade of economic […]