The word “capitalism” can mean many things to many different people. It is seen as a blessing to hundreds of millions, a scourge to probably an equal amount of world citizens. A key point in the debate over capitalism’s morality is to understand how Karl Marx understood capitalism and how he analyzed the system in … Read more
Money is a unit of exchange that we take for granted. We grew up seeing coins and bills, fingered a few when we earned allowance at home, counted out more paper when we cashed the initial check from our first job, and still like its feel when we sell something to someone and demand cash. … Read more
The ongoing battle on Capitol Hill over the rate and extent of the inheritance and estate tax illustrates well, the very mixed feelings that both lawmakers and average Americans have about the principles behind taxing what hard workers leave to their family and friends. The so-called “Death Tax”, named for the levy that has ranged … Read more