Markets price a U.S. Government debt default as more likely…

That the US might default on its debts seemed wildly implausible when I first wrote on the subject “Will the US Government default on its debts?” just over two months ago on May 18th 2011.  As I noted then, A US default is a long way off but with...

Yes, tax levels make a difference where people live…

Driving along the southern coast of France, from Nice towards the Italian border, one finds that, yes, tax levels do make a difference where people choose to live. The Cote D’Azur is beautiful, basking under a clear blue sky and glorious sunshine.  The hills above the numerous bays are...