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The Case for Ending Income Tax Itemization of Deductions

by Brian Riedl

Regardless of whether one believes the overall tax burden should be higher or lower, it is clear that income tax itemization is simply a poor use of a tax preference.

FOR DECADES, MANY ECONOMISTS HAVE ARGUED THAT ITEMIZED TAX DEDUCTIONS COMPLICATE THE INDIVIDUAL INCOME TAX CODE, OVERLY BENEFIT THE RICH, AND DISTORT ECONOMIC DECISION-MAKING.
 
Why Minimum Wage Laws Are Inside-Out and Upside-Down

by David Youngberg

While everyone would like to be paid more, getting paid more always comes at a cost. Humanity’s diversity makes the one-size-fits-all approach of the minimum wage problematic.

MINIMUM WAGE LAWS IGNORE THE INHERENT DIVERSITY OF HUMANITY.
 
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Fast Food, Women's Soccer, and Consumer Preferences

by Matt Knight

Taking gender out of the equation still leaves us with significant revenue disparities between the all-male teams of Major League Soccer, the National Football League, and the National Basketball Association. If inter-league parity of consumer preference between MLS and the NWSL were the rational or moral expectation, logical consistency would demand that we likewise expect intra-league preference parity among MLS, NFL, and NBA teams. But that's nonsense.

WHEN CONSUMERS ARE ALLOWED TO SATISFY THEIR WANTS WITH THEIR PREFERRED GOODS, THE RESULTS ARE DISPARATE LEVELS OF INDIVIDUAL PROSPERITY.
 
The Economic Cost of Cuban Socialism

by Daniel J. Mitchell

The people of Cuba are poor because of awful economic policy. And this means extra hardship for the people of Cuba. Oppression, persecution, rationing, spying, deprivation, and suffering are facts of life.

CUBA HAS A SAD HISTORY. IT TRADED A REGULAR DICTATORSHIP FOR A COMMUNIST DICTATORSHIP SIX DECADES AGO, AND THE RESULTS HAVE BEEN PREDICTABLY AWFUL.
 
7 Hot Topics That Came Up During the Democratic Debates (and One Thing That Did Not)

by Jon Miltimore, Carey Wedler, Laura Williams

The second round of presidential debates have come and gone, but familiar Democratic talking points remain largely consistent. However, there was one thing that not a single candidate mentioned...

DESPITE THE GOOD INTENTIONS OF MANY OF THE CANDIDATES’ IDEAS, THE PROPOSED POLICIES IGNORE BASIC ECONOMIC REALITIES.
 
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Lindenwood 2019 | Is Making Profit Selfish?

Foundation for Economic Education is proud to present a series of lectures from the “Think Like an Entrepreneur” seminar which took place at Lindenwood University in Missouri in July 2019.

Enjoy this talk by Brian Brenberg: "Is Making Profit Selfish?"

LISTEN TO THE NEW EPISODE NOW!
 
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