Slow Starters
A big part of the capital burden for a new business is what might be called the entry tax. How …
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Argentina’s Tax Crisis
Recently, both Ecuador and Argentina announced their statistics of tax collection for the first two months of this year. Ecuador …
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The Hayek Hangover
The great Austrian economist described the causes and dismal aftereffects of an investment boom. For the time being, forget stocks …
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Playing the Weak Dollar
Investors were thrilled to see the S&P 500 notch up by 26% (plus dividends) during 2003. Sorry to put a …
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Take $10 off the Price of Oil
Oil prices have more than doubled since 2001, hitting $55 per barrel in mid-October. This price surge has produced a …
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Lesson From Shanghai
Last year was another great one for emerging markets. The MSCI Emerging Markets Index delivered a 34.8% return in U.S. …
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