Why? Because the anticipated profits of most firms haven’t happened yet—and, in many cases, never will happen. Remember Kmart, RadioShack...

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April 18, 2023 • Weekly Newsletter
It’s Destructive and Unfair to Tax ‘Unrealized Capital Gains’ ([link removed])
Richard B. McKenzie (Wall Street Journal)
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Why? Because the anticipated profits of most firms haven’t happened yet—and, in many cases, never will happen. Remember Kmart, RadioShack, and Blockbuster? Their stockholders once had unrealized capital gains. And taxing what isn’t there will only give us more such failures. READ MORE » ([link removed])
The Terrible 10 ([link removed])
A Century of Economic Folly ([link removed])
By Burton A. Abrams
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To Preserve Liberty, Not Slavery ([link removed])
Stephen P. Holbrook (Volokh Conspiracy)
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In defending their right to bear arms, the American colonists were concerned with preventing a slave insurrection, not defending against attacks by the British army? The historical record says otherwise—in every case. READ MORE » ([link removed])
The Founders’ Second Amendment ([link removed])
Origins of the Right to Bear Arms ([link removed])
By Stephen P. Halbrook
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Scott Atlas Interviews Glenn Loury ([link removed])
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Dr. Atlas talks with economist and social scientist Dr. Glenn Loury of Brown University. Dr. Loury has worked for years on the impact of affirmative action, the black family, and is an outspoken advocate for black patriotism in the United States. WATCH » ([link removed])

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Independent Truths with Dr. Scott Atlas Independent Institute Podcasts ([link removed])
Problems and Solutions: What To Do about Social Security and Medicare for Older Americans ([link removed])
John C. Goodman (Washington Times)
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According to the latest trustees’ report, the unfunded liability in Social Security and Medicare is $163 trillion—almost seven times the size of our entire economy. To avert financial disaster, we need reforms. Here are six that would make a difference. READ MORE » ([link removed])
New Way to Care ([link removed])
Social Protections that Put Families First ([link removed])
By John C. Goodman
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Is Anti-Sweatshop Activism Making Bangladeshis Poorer? ([link removed])
Benjamin Powell (The Hill)
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On 24 April 2013, the Rana Plaza garment factory in Bangladesh collapsed. Over 1,000 died. But subsequent government safety-regulations threw over one million garment workers, mostly women, into unemployment. There’s got to be a better way. READ MORE » ([link removed])
Making Poor Nations Rich ([link removed])
Entrepreneurship and the Process of Economic Development ([link removed])
Edited by Benjamin Powell
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The Latest from The Beacon
* U.S. Government’s Fiscal Mid-Year: Record Tax Collections But Huge Deficit ([link removed]) , by Craig Eyermann
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* Artificial Intelligence Versus Lingual Responsibility ([link removed]) , by Daniel B. Klein
* Court Orders Phoenix to Clean Up Homeless Encampments in “The Zone” ([link removed]) , by Adam Summers
* FDIC Deposit Insurance, Moral Hazard, and Boom-and-Bust Cycles ([link removed]) , by Lawrence J. McQuillan

The Latest from Catalyst
* Don’t Call Scandinavian Countries ‘Socialist’ ([link removed]) , by Lawrence W. Reed
* CFPB Likely Skirted Transparency Laws with Partisan Fellowships ([link removed]) , by Patrick Hedger
* Where Free Markets Bring Modernity ([link removed]) , by Scott Beyer


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David J. Theroux Chair in Political Economy. Independent Institute welcomes nominations and applications for the David J. Theroux Chair in Political Economy, named in honor of the late founder of Independent. The holder of the chair ensures that all research activities have intrinsic intellectual merit in the service of Independent’s mission. READ MORE » ([link removed])

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