General Economics Source Links

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This topic contains 4 replies, has 1 voice, and was last updated by  Mark 7 months, 2 weeks ago.

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    Mark
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    Post your general economic link here. One link per post, please.

    • This topic was modified 1 year, 3 months ago by Profile photo of Mark Mark.
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    THE MISPLACED FEAR OF “MONOPOLY”
    by Thomas E. Woods Jr.

    The Misplaced Fear of “Monopoly”

    From the article:

    “It is only the political entrepreneur who deserves our censure, but both types are indiscriminately attacked in the popular caricature that has deformed American public opinion on the subject.

    Andrew Carnegie, for instance, almost single-handedly reduced the price of steel rails from $160 per ton in 1875 to $17 per ton nearly a quarter century later. John D. Rockefeller pushed the price of refined petroleum down from more than 30¢ per gallon to 5.9¢ in 1897. Cornelius Vanderbilt, operating earlier in the century, reduced fares on steamboat transit by 90, 95, and even 100 percent. (On trips for which a fare was not charged, Vanderbilt earned his money by selling concessions on board.)

    These are benefactors of mankind to be praised, not villains to be condemned.”

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    Tax Reform for U.S. Manufacturing
    By Robert Atkinson
    http://m.industryweek.com/finance/tax-reform-us-manufacturing

    At a combined state-federal rate of 39%, the United States has the highest statutory rate in the world. But there is also evidence that the United States has one of the highest effective corporate tax rates in the world, especially for manufacturers. And higher corporate rates reduce economic growth, including reduced international competitiveness.

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