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The transition has begun

07 Jun

We are in the process of moving to Florida and I will not post until next week when we will be settled in to our new apartment. I will begin writing my next book for Business Experts Press this summer. The working title is The Finance of Health Care: Wellness and Innovative Approach to Corporate Medical Insurance.

In the meantime, my book on creating a free-market universal medical care system will be published shortly. And Navigating the Boom/Bust Cycle: An Entrepreneur’s Survival Guide will be published this fall.

Stay well.

 
 

EconomicPolicyJournal.com: Robert Wenzel – 1957 to 2021

05 Jun

From the Wenzel family posted on Bob’s two blogs.  Please visit to read his recent and earlier commentary on the economy and politics.  MS

Source: EconomicPolicyJournal.com: Robert Wenzel – 1957 to 2021

 
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Remembering Robert Wenzel (with Murray Sabrin, Walter Block, Michael R. Edelstein, and others)

04 Jun

Do you want to understand the world around you, and maybe even yourself, a bit better than you do now? Online Great Books may be just what you are looking for. When you sign up for a course there by f

Source: Remembering Robert Wenzel (with Murray Sabrin, Walter Block, Michael R. Edelstein, and others)

 
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A friend’s letter to his eye doctor regarding masks. Taking charge of your health and welfare.

03 Jun
 
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Why I am Leaving New Jersey Can be Summed Up…A, T, and W

01 Jun

My wife and I have been living in New Jersey since 1977, except for a brief move to Massachusetts for a year (1981-82).  Before the Covid pandemic and the start of the statewide lockdown that began in March 2020, we visited Florida (January 2020) to determine if we should move to the Sunshine State after I would retire in July 2020.    

We began our due diligence by driving to new and relatively new rental developments and found a handful that “checked off all the boxes” that would meet our needs—location, amenities, quality of construction, etc.  We returned to New Jersey still undecided as to which development would be the most attractive to live in.  In February I did some additional research and came across a development in Fort Myers that was being constructed by an Ohio-based developer who has been in business since the early 1950s.   After reviewing the pros and cons of this development we applied for a lease hoped to move by the end of 2020.  Our plans were put on hold, because I was working on a new book project that was due this year.  We therefore decided to move this month after my manuscript was sent to the publisher two months ago. 

Initially, we decided to move to Florida was because of T and W—taxes and weather. State income tax and property taxes, which were fully deductible from our federal tax return, have been capped at $10,000 because of Trump’s 2017 tax “reform.”  Now with property taxes continuing to rise in New Jersey and a high possibility that state income tax rates will undoubtedly increase because of the uncontrolled spending in Trenton, paying taxes for few benefits makes New Jersey inhospitable for the middle and upper middle class families that do not qualify for the exclusion of $100,000 of retirement income from the state income tax.  If your retirement income is one penny above $100,000 you lose the entire exemption.  That means the real tax rate for retirees who are fortunate to have substantial income approaches infinity. Thus a retiree with an income of $100,000.01 pays approximately $6,000 in state income taxes, while a retiree with $100,000 income or less pays zero state income taxes.   In short, the state income tax creates a huge incentive for couples or single retirees to leave the state.  

Florida and a handful of other states have no income taxes making them more attractive for retirees to relocate and increase their living standards.  Taxes are reason #1 why we are leaving New Jersey. For us, more money in our pockets will increase our charitable contributions in the future, one of our goals in retirement.

Reason #2 for leaving New Jersey is the weather.  The winters have become more intolerable as we have gotten older.  Although we have a gym in our co-op and have used it several times a week before and since the pandemic, walking outdoors year round is preferable to an indoor gym for a good part of the year.  Year round fresh air is essential for good health.

The A–reason #3– for why are leaving New Jersey is the Autocracy of the Murphy administration.  When the governor announced “essential” businesses would be exempt from the state lockdown while so-called nonessential business must be closed, I bristled at Murphy’s draconian, arbitrary, discriminatory and egregious assault on the livelihood of hundreds of thousand workers and thousand of small businesses owners.  

Gov. Murphy from what I recall did not consult the Legislature nor did he meet with small business owners about the ramifications of his autocratic orders.  Murphy and several other governors imposed unnecessary restrictions to deal with Covid, and he made a stupid—and inhumane–decision to force senior citizen Covid patients back into nursing homes, where the death counted rose markedly last year.  

And where were the legislators and courts protecting the rights of small business owners to engage in commerce to meet the needs of New Jerseyans?   New Jersey and other states that imposed severe restrictions have violated the fundamental principle of dealing with a pandemic—isolate the most vulnerable and protect them from the illness, while the rest of the population must continue to live their lives exercising caution to avoid contracting the illness.  

The T and W reasons for leaving New Jersey were in the “cake” for years.  Governor Murphy’s autocracy makes our move to Florida even more desirable.  I refuse to live in a state where the governor treats its people like children and wards of the state.   

We will be celebrating the Fourth of July in a few weeks.  It’s time New Jerseyans—and all Americans for that matter—to embrace independence with gusto.  Otherwise, in the next pandemic some governors and an autocratic president will probably impose even more ill conceived and destructive polices. 

 
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New book coming this fall

31 May

 
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Robert Wenzel, RIP 

27 May

 When Bob’s Daily Alert did not arrive in my inbox Tuesday I had an uneasy feeling there was something wrong, and when he did not post any comments on his two blogs Wednesday morning I was praying my worst fear would not be realized.  Yesterday,  Bob Wenzel’s daughter-in-law emailed one of his close friends informing him he apparently died in his sleep Monday night at age 63.  The liberty movement lost a great advocate for individual freedom and subscribers to his Daily Alert will miss his insightful–and profitable–commentary on the financial markets.  Over the years we spoke at least twice a month, and he was always upbeat and incredibly knowledgeable about the unfolding financial, economic and political developments.  Recently, I was trying to convince him to relocate to Florida instead of living in the People’s Republic of San Francisco.  I was hoping he would join us in the near future.  Bob spoke at Ramapo College and his remarks were spot on about Trump’s policies, https://www.ramapo.edu/sabrincenter/president-donald-trumps-economic-policies-good-bad-ugly/, 

Those of us who called him a friend and colleague have a huge void in our lives.  Bob was smart, insightful and a gentleman.  He was one of a kind.  Rest in Peace, Bob.  

“It is with great personal sadness and a profound realization of the intellectual loss to the cause of liberty that I announce the death of our dear friend Robert Wenzel, publisher of the Economic Policy Journal and Target Liberty. Robert Wenzel’s two outlets, for the many in the know, were among the first websites to visit each and every morning. His Target Liberty was as eclectic and iconoclastic (when it comes to the statist status quo) as it was didactic and, yes, even entertaining. Every day, readers were left with a challenging mental lesson and also a great chuckle. Shaking our heads with … Continue reading →

Source: Robert Wenzel, RIP – LRC Blog

 
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Economics for Beginners | Mises Institute

19 Jan

What every American should know, especially policymakers in DC and the state capitals.

Source: Economics for Beginners | Mises Institute

 
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The New Regressive Dark Ages | Victor Davis Hanson

05 Jun

“A lab origin theory was left only to Neanderthals and the-earth-is-6,000-years-old deplorables, of an ‘anti-science,’ know-nothing sort.”

Source: The New Regressive Dark Ages | Victor Davis Hanson

 
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German Study Finds Lockdown ‘Had No Effect’ on Stopping Spread of Coronavirus

05 Jun

“Infection rates already falling before restrictions put in place.”

Source: German Study Finds Lockdown ‘Had No Effect’ on Stopping Spread of Coronavirus

 
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Higher Education Is Shutting Student Minds — The James G. Martin Center for Academic Renewal

03 Jun

“Colleges and universities used to proclaim that their mission was to give students a broad education that would expand their intellectual vistas—one that would open their minds. Most still say that, but the sad truth is that what passes for higher education these days often does the opposite. Many professors and some whole academic fields … Continue reading “Higher Education Is Shutting Student Minds”

Source: Higher Education Is Shutting Student Minds — The James G. Martin Center for Academic Renewal

 
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The New Domestic War on Terror Has Already Begun — Even Without the New Laws Biden Wants

03 Jun

“Homeland Security just issued its fourth danger bulletin this year. And both the weapons and rhetorical tactics of the first War on Terror are increasingly visible.”

Source: The New Domestic War on Terror Has Already Begun — Even Without the New Laws Biden Wants

 
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Doug Casey on the “Graveyard of Empires”

02 Jun

“Throughout history, many empires have had trouble conquering Afghanistan. Why did the US empire think it would be any different?”

Source: Doug Casey on the “Graveyard of Empires”

 
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The Cyberattacks Are to Force the End of Paper Money 

02 Jun

“I find it interesting how nobody seems to distinguish between a digital currency and blockchain cryptocurrency. The former is not traceable other than that…”

Source: The Cyberattacks Are to Force the End of Paper Money | Armstrong Economics

 
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The Forgotten Gifts of American Voluntarism – 

02 Jun

“Civic Gifts presents a complicated and contested history of voluntary associations in America.”

Source: The Forgotten Gifts of American Voluntarism – – Jacqueline Pfeffer Merrill

 
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Krugman’s Right on Crypto—but the Real Ponzi Scheme’s the Fed 

02 Jun

“Cryptocurrencies may be totally speculative, but fiat dollars are only based on debt instruments and bookkeeping.”

Source: Krugman’s Right on Crypto—but the Real Ponzi Scheme’s the Fed | The American Conservative

 
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Myths of the Mixed Economy

02 Jun

“The planned economy was all the rage in 1937, when Prentice-Hall published a 1,000- page tome on The Planned Society: Yesterday, Today, Tomorrow: A Symposium by Thirty-Five Economists, Sociologists,…”

Source: Myths of the Mixed Economy

 
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Inflation Is a Dangerous Way to Get Rid of Debt Burdens

01 Jun

Source: Inflation Is a Dangerous Way to Get Rid of Debt Burdens

 
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The Case of Joe Rogan: Vaccine Policy and Freedom of Speech

01 Jun

“Politicians have realized that they can silence the speech of those with different political viewpoints by public bullying.”

Source: The Case of Joe Rogan: Vaccine Policy and Freedom of Speech

 
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