When a Parking Ticket Is Unconstitutional

When the police use their chalk lines on tires as the basis for parking tickets, they could be violating the U.S. Constitution.

Six Facts We Need to Know About the Federal Budget

The six facts that we need to know about the federal budget include spending, taxes, borrowing, and where we could wind up.

Why We Should Apologize to the IRS

Including more people saying, “Where’s my refund?” the number of IRS problems has been increasing while its budget has been shrinking.

The Reason the Price of Gasoline Has That 9/10

If you asked me how much I pay for gas, I would say $3.49 a gallon. Actually, though, the sign says $3.499. And that means, because the gas station rounds up, I am paying $3.50.  Doesn’t $3.50 sounds like a lot…

Unusual Ways to Achieve Deficit Reduction

Hoping to diminish their country’s deficit, last year, Malta’s President and Parliament decided to sell citizenship. The price tag is $891,000 and the perk is that Malta is in the EU. Consequently, you get an island home with a back…

A Big VAT

Dating back to the 18th century, the Chinese vase that a brother and sister found “in a dusty attic” sold for $69.5 million at a London auction. The NY Times called it a “treasure-in-the-attic” story. For us economists, it is…