Who Pays Wealth Tax: The Rich or the Poor?

Who Pays Wealth Tax: The Rich or the Poor?

This article was originally published by Jesús Huerta de Soto at The Mises Institute.  The Spanish government’s announcement that it plans to introduce a new “solidarity tax” on the wealth of those who possess over €3 million has again brought to the fore the debate...
Front-Running the Crash

Front-Running the Crash

This article was originally published by  Charles Hugh Smith at Of Two Minds Blog. What if everyone in the market realizes it’s now the moment to front-run the crash? We have a fine-sounding word for running with the herd: momentum. When the herd is running,...