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Big Brother/OrwellianBrave New WorldCommentaryCover-Up/DeceptionsEconomyGeneralGeopoliticsHealthHistoryPolitics/CorruptionResistanceScience/TechnologyTyranny/Police State

Austrian Economics: Understand Economics, Understand the World
The Century of the Self: The Untold History of Controlling the Masses Through the Manipulation of Unconscious Desires
The Disappearing Male: From Virility to Sterility

The Obama Deception: The Mask Comes Off
Operation Gladio: The Hidden History of U.S. Sponsored False Flag Terrorism in EuropeThe New American Century: The Untold History of The Project for the New American Century
Category: Economy - Browse by Category - News - Analysis - Highlights - Multimedia - Latest Comments Page 4 Thursday March 26th, 2015

Thursday May 15th, 2014
First They Came For The Porn Stars... posted 05/15/2014, 12:36 PM (Wendy McElroy)
[Category: Economy]
The Department of Justice (DOJ) program is called Operation Choke Point. The choke point is America's payment infrastructure through which an estimated $5 trillion in consumer purchases flow each year; more than eight million merchants use it to process credit and debit card payments. The DOJ is targeting banks and payment companies, such as PayPal, with a tsunami of subpoenas and other expensive legal demands. The demands go away if the institutions refuse to do business with people whose activ... (more)

Tuesday May 13th, 2014

Killing the Internet: A Blizzard of New Taxes in the Wings posted 05/13/2014, 10:07 AM (Infowars)
[Category: Economy]
For years revenue-hungry states and local municipalities have salivated over the prospect of taxing the life out of the internet. Now a move by a small but dedicated minority in Congress may result in the scraping of the Internet Tax Freedom Act and usher in a new era of exorbitant taxation, according to The Wall Street Journal.

In a few months, the newspaper reports, "customers may begin receiving notices from their Internet providers that new taxes are on the way. Even thoug
... (more)

Human Progress Story of the Day: Speaking Exchanges posted 05/13/2014, 10:06 AM (Cato @ Liberty)
[Category: Economy]
Technology vastly enriches our lives—sometimes free of charge. Consider Google’s search engine. It’s an incredibly complex algorithm that informs users about any topic imaginable faster than the blink of an eye. And it’s free. And it’s just one of millions of helpful online services provided for free to internet users around the world. For instance, you can Skype for free—that is, video chat with anyone in the world at any time (assuming, of course, that you have internet access). You can email ... (more)

Zuck's 100 Mil Given to NJ Public School System Squandered... posted 05/13/2014, 10:06 AM (The New Yorker)
[Category: Economy]
Cory Booker, Chris Christie, and Mark Zuckerberg had a plan to reform Newark’s schools. They got an education.... (more)

Texas Upholds $5-Per-Patron Strip Club Tax to Combat 'Social Ills Associated With This Type of Business' posted 05/13/2014, 10:06 AM (Reason)
[Category: Economy]
The Texas Third Court of Appeals has upheld a punitive $5 tax levied on anyone who patronizes a strip club in Texas. Because Texas strip clubs stopped collecting the fee while it faced legal challenges (and some never started), they now face millions of dollars in retroactive payments owed to the state. ... (more)

Monday May 12th, 2014

How Consumers Rule In a Free Economy posted 05/12/2014, 2:57 PM (Mises Institute)
[Category: Economy]
One of my favorite economists in the history of economic thought is the great Austrian, Carl Menger (1840-1921). While the mainstream of the economics profession acknowledges Menger's place due to his contribution to the Marginalist Revolution in the 1870s, it otherwise ignores him because his theoretical framework does not lend itself to policy prescriptions. In an era in which the economics profession largely views itself as a shadow branch of government which is itself charged with managing t... (more)

Friday May 9th, 2014

Faber: The Most Underappreciated Asset is Cash posted 05/09/2014, 8:39 AM (CNBC)
[Category: Economy]
Dr. Marc Faber is an international investor known for his uncanny predictions and memory of the stock and futures markets around the world. Dr. Doom also trades currencies and commodity futures like Gold and Oil. He is the publisher of the Gloom, Boom and Doom Report. He is also fond of schooling the Wall Street media talking heads on economics and financial systems.

In the following video he discusses why cash is the most underappreciated asset -- certainly for the next 6 months.
... (more)

Thursday May 8th, 2014

House Republicans find 10% of tea party donors audited by IRS posted 05/08/2014, 7:40 AM (Washington Times)
[Category: Economy]
Despite assurances to the contrary, the IRS didn’t destroy all of the donor lists scooped up in its tea party targeting — and a check of those lists reveals that the tax agency audited 10 percent of those donors, much higher than the audit rate for average Americans, House Republicans revealed Wednesday.... (more)

Poll Shows Overwhelming Opposition To Tolling posted 05/08/2014, 7:40 AM (TheNewspaper)
[Category: Economy]
In a nationwide survey of American adults, only 22 percent expressed support for the administration's latest push to allow states to convert existing freeway into toll roads. Rasmussen Reports released the findings Wednesday in the wake of the Transportation Department's presentation of its funding blueprint to Congress.... (more)

Wednesday May 7th, 2014

Making the World Safe from Democracy or: How to Defend Oneself Against the United States posted 05/07/2014, 6:25 AM (Hans-Hermann Hoppe)
[Category: Economy]
Read part I

After this excursion into the theory of democratic peace I am back to the proposition that there is no greater threat to lasting peace than the democratic state, and in particular the United States. Thus, the question: how to make the world safe from democracy or how to defend oneself against the U.S..

This is not only a problem for foreigners but for Americans as well. Af
... (more)

The "Economic Recovery" Continues: Businesses Are Being Destroyed Faster Than They Are Being Created posted 05/07/2014, 6:25 AM (Michael Snyder)
[Category: Economy]
What would you say about an economy where businesses are shutting down faster than they are opening?  Well, a shocking new study released by the Brookings Institution indicates that this is exactly what is happening in the United States.  We are absolutely killing small businesses and the entrepreneurial spirit in this country, and as you will see below, the number of self-employed Americans has been on a downward trend for a decade even though our population has been steadily growing.  Traditio... (more)

And the Band Played On posted 05/07/2014, 6:25 AM (Peter Schiff)
[Category: Economy]
After three months of consistently disappointing jobs numbers, the markets were as keyed up for a good jobs report as a long suffering sailor awaiting shore leave in a tropical port. The just released April jobs report, which claimed that 288,000 jobs were created in the U.S. during the month, provided the apparent good news. However, you don't have to go too far beneath the surface to find some troubling trends within the data. But even this minor excavation was too much for the media cheerlead... (more)

Airbnb Faces Near-Ban In San Francisco posted 05/07/2014, 6:25 AM (Huffington Post)
[Category: Economy]
"The initiative would restrict short-term rentals to neighborhoods with commercial zoning, require permission from landlords or homeowners associations, create insurance requirements and reward tipsters who inform on hosts scoffing the rules."... (more)

Silk Road 2.0 Now Larger Than Silk Road Ever Was posted 05/07/2014, 6:23 AM (Techdirt)
[Category: Economy]
This is hardly surprising, but it appears that in the wake of the feds taking down the "dark marketplace" Silk Road and arresting its alleged creator Russ Ulbricht, replacement marketplaces quickly sprung into place to try to take its place. This was exactly as we predicted.... (more)

Friday May 2nd, 2014

Why Occupational Licensing Is Unjust, Unneeded, and Increases Income Inequality posted 05/02/2014, 4:49 AM (The Beacon)
[Category: Economy]
Employment gives people earned satisfaction and upward mobility. It can be especially fulfilling when a person is employed in their preferred field. But government policies often deprive some people of these benefits by establishing artificial barriers to employment.... (more)

Thursday May 1st, 2014

New Frontiers in Regulatory Overreach posted 05/01/2014, 5:19 AM (Cato @ Liberty)
[Category: Economy]
In most cases, excessive regulation doesn’t surprise me all that much. It usually focuses on familiar industries, such as automobiles. So, for example, when the National Highway Traffic Safety Administration came up with a rule mandating that all cars and light trucks sold in the United States have rearview cameras, it wasn’t a great shock.

But every now and then, regulators do something that catches me o
... (more)

The Federal Government Now Consumes 31 Percent Of US Economy posted 05/01/2014, 5:15 AM (The Daily Caller)
[Category: Economy]
The federal government now consumes 31 percent of the U.S. economy due to trillions in spending and thousands of pages of costly regulations, according to a new report.

The Competitive Enterprise Institute (CEI), a free-market think tank, put out a report on Tuesday saying that the regulatory costs of federal rules amounts to $1.863 trillion per year, or 11.1 percen
... (more)

But Who Will Charge You For The Roads You Already Built? posted 05/01/2014, 5:14 AM (Washington Post)
[Category: Economy]
With pressure mounting to avert a transportation funding crisis this summer, the Obama administration Tuesday opened the door for states to collect tolls on interstate highways to raise revenue for roadway repairs.

The proposal, contained in a four-year, $302 billion White House transportation bill, would reverse a long-standing federal prohibition on most interstate tolling.

Though some older segments of the network — notably the Pennsylvania and New Jersey turnpik
... (more)

Silk Road Prosecutor Says IRS is Wrong, Bitcoin is Money posted 05/01/2014, 5:14 AM (Activist Post)
[Category: Economy]
The alleged developer of the dark market Silk Road, Ross Ulbricht, is facing up to 30 years in prison for computer hacking, drug conspiracy and money laundering charges. Most publications have written him off as guilty, but recent arguments highlight just how weak the prosecution's case actually is.... (more)

Is the DOJ Forcing Banks to Terminate the Accounts of Porn Stars? posted 05/01/2014, 5:14 AM (VICE News)
[Category: Economy]
" is slowly surfacing that shows the US Department of Justice may be strong-arming banks into banning porn stars."... (more)

Wednesday April 30th, 2014

The Debate Debate posted 04/30/2014, 2:26 AM (Peter Schiff)
[Category: Economy]
While there is wide agreement that the cost of college education has risen far faster than the incomes of most Americans, there is some debate as to whether the quality of the product has kept pace with the price. Not surprisingly, almost all who argue that it has (college administrators, professors, and populist politicians) are deeply invested either ideologically or financially in the system itself. More objective observers see a bureaucratic, inefficient, and hopelessly out of touch ivory to... (more)

‘Dark Wallet’ Is About to Make Bitcoin Money Laundering Easier Than Ever posted 04/30/2014, 2:26 AM (Wired)
[Category: Economy]
Government regulators around the world have spent the last year scrambling to prevent bitcoin from becoming the currency of choice for money launderers and black marketeers. Now their worst fears may be about to materialize in a single piece of software.... (more)

Tuesday April 29th, 2014

Patent Litigation Cost US Business About A Trillion Dollars In A Quarter Century, Outweighing Benefits posted 04/29/2014, 1:55 AM (Techdirt)
[Category: Economy]
Techdirt recently wrote about the ever-growing flood of patents being granted by the USPTO. As we've emphasized, more patents do not mean more innovation; nor do they necessarily lead to greater overall benefits for business. ... (more)

Monday April 28th, 2014

Thomas Piketty on Inequality and Capital posted 04/28/2014, 7:57 AM (Mises Institute)
[Category: Economy]
Thomas Piketty's Sensational New Book

By Hunter Lewis

Thomas Piketty, a 42-year-old economist from French academe has written a hot new book: Capital in the Twenty-First Century. The U.S. edition has been published by Harvard University Press and, remarkably, is leading the best seller list; the first time that a Harvard book has done so. A recent review describes Piketty as the man "who exposed capitalism's fatal flaw."

So what is this flaw? Supposed
... (more)

Obamacare deals blow to one-doctor medicine posted 04/28/2014, 7:53 AM (
[Category: Economy]
Despite the predictions of fortune tellers in politics and think tanks, we won’t know for years whether the Affordable Care Act, otherwise known as Obamacare, will ultimately leave people sicker or healthier, richer or poorer.

Yet already the law, coming on top of previous legislation, is speeding the demise of an American small-business institution; the one-doctor medical practice.
... (more)

Clinton Library's Doc Dump Reveals CRA Role In Subprime Mess posted 04/28/2014, 7:52 AM (
[Category: Economy]
Subprime Scandal: Newly released memos from the Clinton presidential library reveal evidence the government had a big hand in the housing crisis. The worst actors were in the White House, not on Wall Street.... (more)

Thursday April 24th, 2014

Obama's Push to Recruit Young Adults into Obamacare Falls Short posted 04/24/2014, 8:39 PM (The Beacon)
[Category: Economy]
The White House and its media allies have been cheerleading Obamacare's apparent success at exceeding the president’s stated target for enrollments in the Obamacare health-insurance exchanges. Even more importantly, they have asserted that a significant proportion enrolled in the exchanges are young people. President Obama declared that 35 percent of enrollees are under the age of 35.

Enrolling enough young people into Obamacare was important because insurers are forbidden to char
... (more)

Inside the ‘DarkMarket’ Prototype, a Silk Road the FBI Can Never Seize posted 04/24/2014, 8:39 PM (Wired)
[Category: Economy]
The Silk Road, for all its clever uses of security protections like Tor and Bitcoin to protect the site’s lucrative drug trade, still offered its enemies a single point of failure. When the FBI seized the server that hosted the market in October and arrested its alleged owner Ross Ulbricht, the billion-dollar drug bazaar came crashing down.

If one group of Bitcoin black market enthusiasts has their way, the next online free-trade zone could be a much more elusive target.
... (more)

Wednesday April 23rd, 2014

The Food Police Turn to the Bottle posted 04/23/2014, 2:31 PM (Logan Albright)
[Category: Economy]
Continuing my "meddling bureaucrats trying to tell us what to eat" series, I recently discovered that the FDA is planning to start requiring nutrition labels on alcoholic beverages. Apparently they are worried that sorority girls pounding cosmos might be getting a little more sugar than they ought to, and that the presence of a small label on the side of a bottle of Cointreau is go... (more)

Tuesday April 22nd, 2014

The American Middle Class Is No Longer the World’s Richest posted 04/22/2014, 4:06 PM (New York Times)
[Category: Economy]
The American middle class, long the most affluent in the world, has lost that distinction.

While the wealthiest Americans are outpacing many of their global peers, a New York Times analysis shows that across the lower- and middle-income tiers, citizens of other advanced countries have received considerably larger raises over the last three decades.

After-tax middle-class incomes in Canada — substantially behind in 2000 — now appear to be higher than in the United St
... (more)

Monday April 21st, 2014

Obama Calls for Highest Sustained Taxation in U.S. History posted 04/21/2014, 10:13 PM (CNS News)
[Category: Economy]
In the budget proposal he presented to Congress last month, President Barack Obama called for what would be the highest level of sustained taxation ever imposed on the American people, according to the analysis published last week by the Congressional Budget Office.... (more)

Thursday April 17th, 2014

The Next IRS Tactic vs. Expats and Accidental Americans? posted 04/17/2014, 10:09 AM (Wendy McElroy)
[Category: Economy]
According to the State Department's estimate (January 2013), approximately 6.8 million Americans live abroad. Many more "accidental Americans" live outside the U.S. In the future, both may confront a powerful new weapon wielded by the Internal Revenue Service (IRS).

An "accidental American" is a person who lives in Canada (or another non-U.S. nation) and holds dual citizenship, whether or not he knows it. For example, it includes every Canadian child born to an American parent eve
... (more)

Scary: Krugman's Idea of ObamaCare Success Story posted 04/17/2014, 10:08 AM (Robert P. Murphy)
[Category: Economy]
Paul Krugman has made another installment in his campaign to promote the wonders of ObamaCare. In this post, Krugman laments that New Yorkers of all people don’t recognize how great the new health insurance regime is working  out.... (more)

Wednesday April 16th, 2014

Tax Revenues Hit Record for First Half of FY 2014 posted 04/16/2014, 10:35 AM (CNS News)
[Category: Economy]
Inflation-adjusted federal tax revenues hit a record $1,320,793,000,000 in the first half of fiscal 2014, but the federal government still ran a $413,264,000,000 deficit during that time, according to the Monthly Treasury Statement for March... (more)

Tuesday April 15th, 2014

Let a Thousand Home Businesses Bloom posted 04/15/2014, 9:38 AM (The Freeman)
[Category: Economy]
Imagine you’re out of work. But you’ve got capital in your talents, your home, and your family and friends. You might try to start a microbusiness at home to earn a little extra income and make ends meet. That is, unless you live in certain U.S. states.... (more)

Social Security, Treasury target taxpayers for their parents decades-old debts posted 04/15/2014, 9:38 AM (Washington Post)
[Category: Economy]
A few weeks ago, with no notice, the U.S. government intercepted Mary Grice’s tax refunds from both the IRS and the state of Maryland. Grice had no idea that Uncle Sam had seized her money until some days later, when she got a letter saying that her refund had gone to satisfy an old debt to the government — a very old debt.... (more)
Social Security stops trying to collect on old debts by seizing tax refunds

Friday April 11th, 2014

Peter Schiff Goes to Puerto Rico posted 04/11/2014, 8:18 AM (International Man)
[Category: Economy]
It’s been a little over a year since I sat down with Peter Schiff at his house in Connecticut to discuss the importance of international diversification. Since then, the options available to take protective measures have declined in many ways, especially as the destructive FATCA law comes into force.

While some doors have closed, others have opened. And perhaps one of the most significant new opportunities in the world today is the tax incentives in Puerto Rico.

... (more)

Wednesday April 9th, 2014

Americans Pay More in Taxes than on Food, Clothing, and Housing Combined posted 04/09/2014, 3:07 AM (Tax Foundation)
[Category: Economy]
Our annual Tax Freedom Day report finds that the nation's Tax Freedom Day will come on April 21st this year, which is three days later than last year. The calendar measure represents how long Americans as a whole need to work in order to pay the nation's tax burden.

The report estimates that Americans will pay about $4.5 trillion dollars in taxes of all kinds in 2014, with $3 tr
... (more)

Cities to Carpoolers: Sharing Your Car is Illegal, We Will Seize Your Cars posted 04/09/2014, 3:07 AM (DailyTech)
[Category: Economy]
Taxi unions say government regulation is essential to "safeguard" the public from itself.... (more)

New head of anti-poverty campaign says Hongkongers must help themselves posted 04/09/2014, 3:06 AM (South China Morning Post)
[Category: Economy]
"I will fight to my utmost for Hong Kong's interests." That's the vow businesswoman Leonie Ki Man-fung utters when asked to explain her zeal in supporting government initiatives.

[...]An advertising-industry veteran who rose to become an executive director of property giant New World Development, Ki has always believed the people of Hong Kong - a city she describes as a "blessed land" - must achieve prosperity by their own hard work, rather than by the government's help.
... (more)

Tuesday April 8th, 2014

Tax Freedom Day 2014 is April 21, Three Days Later Than Last Year posted 04/08/2014, 1:32 AM (Tax Foundation)
[Category: Economy]
Tax Freedom Day is the day when the nation as a whole has earned enough money to pay its total tax bill for year. A vivid, calendar-based illustration of the cost of government, Tax Freedom Day divides all federal, state, and local taxes by the nation’s income. In 2014, Americans will pay $3.0 trillion in federal taxes and $1.5 trillion in state taxes, for a total tax bill of $4.5 trillion, or 30.2 percent of income. This year, Tax Freedom Day falls on April 21, or 111 days into the year. ... (more)

Monday April 7th, 2014

Meet "Lowflation": Deflation's Scary Pal posted 04/07/2014, 7:40 AM (Peter Schiff)
[Category: Economy]
In recent years a good part of the monetary debate has become a simple war of words, with much of the conflict focused on the definition for the word "inflation." Whereas economists up until the 1960's or 1970's mostly defined inflation as an expansion of the money supply, the vast majority now see it as simply rising prices. Since then the "experts" have gone further and devised variations on the word "inflation" (such as "deflation," "disinflation," and "stagflation"). And while past central b... (more)

GM, Product Safety, and Death posted 04/07/2014, 7:40 AM ( Robert P. Murphy)
[Category: Economy]
The reports that GM deliberately avoided a recall for a defective ignition switch–which led to at least 13 fatalities–because of cost considerations has led to predictable denunciations of capitalist greed. Michael Moore epitomizes this reaction:
I am opposed to the death penalty, but to every rule there is usually an exception, and in this case I <... (more)

Thursday April 3rd, 2014

Bill would require Florida craft brewers to sell beer to distributors, then buy it back for resale posted 04/03/2014, 9:21 PM (Reuters)
[Category: Economy]
The law would force craft brewers to sell their bottled and canned beer directly to a distributor. If they want to sell it in their own tap rooms, they would then have to buy it back at what is typically a 30-40 percent mark-up without the bottles or cans ever leaving the brewery, according to Joshua Aubuchon, a lawyer and lobbyist for the Florida Brewers Guild.... (more)

Tuesday April 1st, 2014

Cleveland Clinic CEO: Three-Quarters Of Americans Who Signed Up For Obamacare Now Have Higher Premiums posted 04/01/2014, 11:01 PM (CBS Cleveland)
[Category: Economy]
CLEVELAND (CBS Cleveland/AP) — The CEO of the Cleveland Clinic says that a majority of Americans who signed up for Obamacare have seen their premiums rise.

“About three-quarters of them find that their premiums are higher than they had been previously with other insurance,” Toby Cosgrove told Fox News.
... (more)

A Closer Look at Income Inequality posted 04/01/2014, 1:29 AM (Mises Institute)
[Category: Economy]
Economic inequality is the big thing these days. Barack Obama has called it the “defining challenge of our time” and the number of books being published on the subject could fill a small library. Of particular note is a survey by Michael Norton and Dan Ariely of 5,000 Americans asking what they thought wealth inequality should be compared to what it actually is. ... (more)

Mark Faber: The Old World Order Is Over posted 04/01/2014, 1:28 AM (Zero Hedge)
[Category: Economy]
In the gilded ballroom of Hyatt’s Savoy ballroom, World War D‘s opening speaker Dr Mark Faber delivered a blunt message: the old world order is over.... (more)

Monday March 31st, 2014

Organic winemaker faces 6 months in prison and €30,000 fine for not using pesticide posted 03/31/2014, 12:14 AM (The Ecologist)
[Category: Economy]
An organic farmer in France's Cote d'Or has been prosecuted for refusing to spray insecticide on his vineyard - and is anxiously awaiting the verdict, due on 7th April. He faces 6 months in prison and a €30,000 fine.... (more)

Maryland to reportedly abandon $125M ObamaCare exchange for new system posted 03/31/2014, 12:14 AM (Fox News)
[Category: Economy]
With just days to go before open enrollment ends on March 31, Maryland officials are reportedly planning to abandon its glitch-ridden ObamaCare website and replace the health exchange with technology from Connecticut’s marketplace.... (more)

Friday March 28th, 2014

Census office survey scandal grows as inflation stats faked posted 03/28/2014, 8:18 AM (New York Post)
[Category: Economy]
The Census Bureau’s Philadelphia office wasn’t just corrupting the nation’s unemployment rate by fabricating data. It was also filing false information about inflation in this country.

Just how large an effect this fraud was having on the Consumer Price Index (CPI) — and consequently the cost of living adjustments for Social Security recipients and others — is not yet known.
... (more)

Thursday March 27th, 2014

Is College A Waste Of Time And Money? posted 03/27/2014, 5:05 PM (The Economic Collapse)
[Category: Economy]
Are you thinking of going to college?  If so, please consider that decision very carefully.  You probably have lots of people telling you that an "education" is the key to your future and that you will never be able to get a "good job" unless you go to college.  And it is true that those that go to college do earn more on average than those that do not.  However, there is also a downside.  At most U.S. colleges, the quality of the education that you will receive is a joke, the goal of most colle... (more)

IRS slams Bitcoin millionaires with new tax rules... Is gold next? posted 03/27/2014, 5:04 PM (Sovereign Man)
[Category: Economy]
Bitcoin tax rules finally came to the Land of the Free yesterday. And I have to imagine there are some not-too-happy campers this morning, if they even know about it.... (more)

Wednesday March 26th, 2014

Austrians and the Private-Property Society: An Interview with Hans-Hermann Hoppe posted 03/26/2014, 3:05 PM (Mises Institute)
[Category: Economy]
Hans-Hermann Hoppe, a senior fellow of the Ludwig von Mises Institute, is professor of economics at the University of Nevada, Las Vegas, where he taught with Murray N. Rothbard from 1985 to 1995. He is the author of Handln und Erkennen (1976), Kritik deer Kausalwissenschaftlichen Sozialforschung(1983), Eigentum, Anarchie, und Staat (1987), A Theory of Socialism and Capitalism (1989), and The Economics and Ethics of Private Property (1993), as well as many articles in the former Revie... (more)

We Do Not Live in a Post-Scarcity World posted 03/26/2014, 3:05 PM (William L. Anderson)
[Category: Economy]
Jeremy Rifkin long has perfected the art of adding two and two and getting five. In the 1980s, he claimed that entropy made it impossible for a free economy to exist, and therefore Rifkin concluded the state needed to plan and run things. How the state would triumph over the second law of thermodynamics is anyone's guess. He later declared that a new "hydrogen economy" was just around the corner -- government just needed to engage in central planning and order hydrogen to be our new fuel of choi... (more)

Tuesday March 25th, 2014

A List Of 97 Taxes Americans Pay Every Year posted 03/25/2014, 3:08 PM (The Economic Collapse)
[Category: Economy]
If you are like most Americans, paying taxes is one of your pet peeves.  The deadline to file your federal taxes is coming up, and this year Americans will spend more than 7 billion hours preparing their taxes and will hand over more than four trillion dollars to federal, state and local governments.  Americans will fork over nearly 30 percent of what they earn to pay their income taxes, but tha... (more)

The federal 'structuring' laws are smurfin' ridiculous posted 03/25/2014, 3:00 PM (Washington Post)
[Category: Economy]
It seems appropriate that the crime of structuring is also sometimes called smurfing. Generally speaking, structuring is the act of breaking up financial transactions to get around the federal reporting requirements that kick in for transactions over a specific amount of money. The alternate term smurfing is a reference to the children’s cartoon in which a large entity (the Smurf Village) is made up of several smaller ones (the Smurfs themselves).

But if you grew up on the cartoon
... (more)

Government "Services" Explained In Under 30 Seconds posted 03/25/2014, 3:00 PM (InformationLiberation)
[Category: Economy]

The box contained a brand new hard drive.

Wednesday March 19th, 2014

Wages Are Like Love posted 03/19/2014, 1:55 PM (The Freeman)
[Category: Economy]
All this talk about raising the minimum wage has very little to do with reality. Raising it will not create a single job—if you aren’t earning a wage, making yourself more expensive is not going gain you a job—and will not likely cause anyone’s wages to rise. It’s hard to find anyone who is actually willing to contradict those claims, because they stem from basic price theory: Less of the same good will be purchased at a higher price than a lower price.... (more)

Monday March 17th, 2014

Wyoming welder faces $75,000 a day in EPA fines for building pond on his property posted 03/17/2014, 5:23 AM (Fox News)
[Category: Economy]
All Andy Johnson wanted to do was build a stock pond on his sprawling eight-acre Wyoming farm. He and his wife Katie spent hours constructing it, filling it with crystal-clear water, and bringing in brook and brown trout, ducks and geese. It was a place where his horses could drink and graze, and a private playground for his three children.

But instead of enjoying the fruits of his labor, the Wyoming welder says he was harangued by the federal government, stuck in what he calls a
... (more)

The Truth About Banking, Busts and Bailouts posted 03/17/2014, 5:22 AM (YouTube)
[Category: Economy]

It took 150 years to blow up the banking sector - a brief history of a slow detonation.

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