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…the Senate bill that cleared the Finance Committee this week eliminates property tax deductions altogether, though the mortgage interest deduction would remain for primary residences. While we do not yet…
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Carl Yastrzemski (left, circa 1966) and Bill Buckner (right, date unknown). Yastrzemski image courtesy Wikimedia Commons; Buckner photo by Craig Johnson. Fast-paced sports like basketball, soccer and American football keep…
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Headquarters of Alipay, an Ant Financial subsidary; Hangzhou, China. Photo by Wikimedia Commons user David290. In investing, my colleagues and I often warn our clients not to be led astray…
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…The reason is simple. While individual companies regularly rise and fall, the collective efforts of society build wealth in the economy, and businesses represent a large share of that wealth….
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…thing, I never played it. There were no ice rinks in my neighborhood; competitive sports consisted of stickball in the streets. But the bigger factor was the NHL’s wave of…
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High-income taxpayers will find traps as well as opportunities in this year’s first round of tax legislation, recently signed by President Bush. There may be more to come. The Tax…
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…provisions: the itemized deduction for interest on home mortgages. This longstanding tax break drives up housing costs, distorts household spending patterns, promotes excess consumption of utilities and commodities, and costs…
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What Hyperinflation Looks Like, In Color
…and place when stacks of near-worthless cash were commonplace. I grew up hearing stories of an era when Germans used wheelbarrows as wallets. Currency became so worthless that it became…
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