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An Introduction to Austrian Economics: Understand Economics, Understand Everything
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
(more)
Category: Economy - Browse by Category - News - Analysis - Highlights - Multimedia - Latest Comments Wednesday October 1st, 2014

Tuesday September 23rd, 2014
Obamacare Architect Says Society Would Be Better Off If People Only Lived To Age 75 posted 09/23/2014, 9:13 AM (The American Dream)
[Category: Economy]
Dr. Ezekiel Emanuel, brother of Rahm Emanuel, says that society would be far better off if people quit trying to live past age 75.  His new article entitled “Why I Hope To Die At 75” has the following very creepy subtitle: “An argument that society and families--and you--will be better off if nature takes its course swiftly and promptly”.  In the article, Emanuel forcefully argues that the quality of life for most people is significantly diminished past the age of 75 and that once we get to that age we should refuse any more medical care that will extend our lifespans.  This is quite chilling to read, considering the fact that this is coming from one of the key architects of Obamacare.  Of course he never uses the term “death panels” in his article, but that is obviously what Emanuel would want in a perfect world.  To Emanuel, it is inefficient to waste medical resources on those that do not have a high “quality of life”.  So he says that “75 is a pretty good age to aim to stop”.

Emanuel believes in this philosophy so much that he says that he would like to die at age 75.  Of course he has no intention of committing suicide, but if he happened to drop dead once he hits his 75th birthday he would be very happy about that.  The following is an excerpt from his new article
I am talking about how long I want to live and the kind and amount of health care I will consent to after 75. Americans seem to be obsessed with exercising, doing mental puzzles, consuming various juice and protein concoctions, sticking to strict diets, and popping vitamins and supplements, all in a valiant effort to ... (more)
Compare this to entrepreneur Peter Thiel who's seeking a cure for "the problem of death."

The market creates, the state destroys. - Chris, InfoLib


My Struggle for Braiding Freedom posted 09/23/2014, 9:13 AM (Melony Armstrong)
[Category: Economy]
"In order for me to teach natural hair braiding ... the state required me to endure another 1,200 hours in cosmetology training and then 2,000 more hours to obtain a cosmetology instructor's license. Altogether, that's more class time than what Mississippi demands to become a firefighter, law enforcement officer and paramedic, combined."... (more)


Monday September 22nd, 2014



Elizabeth Warren Says US Has "No Future" If Free-Market Embraced posted 09/22/2014, 11:23 AM (InformationLiberation)
[Category: Economy]


If the free market as Ron Paul advocates is embraced, "we will have no future," so says Elizabeth Warren.

Why? Simple, "roads."

Checkmate, anti-statists.

The comedy starts at 4
... (more)


French Farmers Torch Tax Office posted 09/22/2014, 11:20 AM (BBC News)
[Category: Economy]
French vegetable farmers protesting against falling living standards have set fire to tax and insurance offices in town of Morlaix, in Brittany.

The farmers used tractors and trailers to dump artichokes, cauliflowers and manure in the streets and also smashed windows, police said.
... (more)


The Dark Web Gets Darker With Rise of the 'Evolution' Drug Market posted 09/22/2014, 11:15 AM (Wired)
[Category: Economy]
In the digital drug trade as in the physical one, taking out one kingpin only makes room for another ready to satisfy the market’s endless demand. In the case of the FBI’s takedown of the Silk Road, the latest of the up-and-coming drug kingpins is far more evolved than its predecessor—and far less principled.... (more)


Wednesday September 17th, 2014



OECD Unveils New Global Fascist 'No Escape' Tax Regime posted 09/17/2014, 8:56 AM (Reuters)
[Category: Economy]
(Reuters) - New international tax rules proposed on Tuesday could eliminate structures that have allowed companies such as Google Inc (GOOGL.O) and Amazon.com Inc (AMZN.O) to shave billions of dollars off their tax bills.

The Organisation for Economic Cooperation and Development (OECD) announced a series of measures that, if implemented by members, could stop companies from employing many commonly-used practices to shift profits into tax havens.
... (more)


Sunday September 7th, 2014

Peter Schiff Interviewed by The Daily Bell posted 09/07/2014, 10:45 PM (The Daily Bell)
[Category: Economy]
"Personally, I think legalization of pot is a good trend. I wish they would legalize more drugs, not just state-by-state but on the federal level. I think the war on drugs has been a huge failure. As a result of the war on drugs, I think more people use drugs than would use them if we didn't have a war. But more importantly, we've driven up the price of drugs and therefore the profits for the criminals who deal in them. As a result our police are much more corrupt. We've helped to corrupt govern... (more)


Wednesday September 3rd, 2014

Arizona Statutory Rape Victim Forced to Pay Child Support posted 09/03/2014, 1:17 PM (AZ Central)
[Category: Economy]
Nick Olivas became a father at 14, a fact he wouldn't learn for eight years.

While in high school, Olivas had sex with a 20-year-old woman. As he sees it now, she took advantage of a lonely kid going through a rough patch at home.

State law says a child younger than 15 cannot consent with an adult under any circumstance, making Olivas a rape victim. But Olivas didn't press charges and says he didn't realize at the time that it was even something to consider.
... (more)


Monday September 1st, 2014

Leftist: 'Why Uber Must Be Stopped' posted 09/01/2014, 8:54 AM (Salon)
[Category: Economy]
What is Uber? A paragon of free market efficiency and technological innovation serving the greater convenience and comfort of the general public? Or living proof for why capitalist societies require regulation?... (more)


Ensuring Safe Food in a Free Market: A Lesson from China posted 09/01/2014, 8:54 AM (Cato @ Liberty)
[Category: Economy]
Many Americans view the dissemination and enforcement of food safety standards as a basic function of government, and it’s difficult for them to imagine a world where food is both safe and unregulated. Libertarians can point out that the safety of a product is, just like quality and price, something that consumers directly care about and as such will be most effectively preserved in a competitive free market. But it’s one thing to make abstract economic arguments and quite another to have real ... (more)


Saturday August 30th, 2014



Cost of Renouncing US Citizenship Goes From Free In 2010 to 450$, And Now It's Been Jacked to $2,350 posted 08/30/2014, 9:56 AM (InformationLiberation)
[Category: Economy]
Four years ago renouncing your U.S. citizenship rightly cost you nothing. As you are forgoing all the "benefits" you were going to receive, renouncing all said benefits saves taxpayers money (unless, of course, you're one of those evil, greedy, rich people who pays more into the system than you get out).

Despite this being the case, in 2010 a $450 fee was slapped onto people to charge them for the "service."

Now, that renunciation fee was just jacked up 42
... (more)


Tuesday August 26th, 2014

Tobacco and a Free Society posted 08/26/2014, 8:41 AM (Laurence M. Vance)
[Category: Economy]
Yet another successful lawsuit against a tobacco company, one that resulted in a jury’s awarding the widow of a tobacco smoker more than $23 billion because of her husband’s premature death, means that it is apropos to revisit the subject of tobacco and a free society.... (more)


Monday August 25th, 2014

Dark Net Drug Markets Kept Alive by Great Customer Service posted 08/25/2014, 8:29 AM (WIRED UK)
[Category: Economy]
In 1972, long before eBay or Amazon, students from Stanford University in California and MIT in Massachusetts conducted the first ever ecommerce transaction. Using the "Arpa-net" account at their artificial intelligence lab, the Stanford students sold their counterparts a small amount of marijuana. Ever since, the net has turned over a steady but small trade in illicit narcotics. But last year approximately 20 per cent of UK drug users scored online. The majority of them went to one place: the d... (more)


Thursday August 21st, 2014

Colorado's Illegal Pot Market Thrives posted 08/21/2014, 4:23 AM (Mises Blog)
[Category: Economy]
Not unexpectedly, Colorado’s illegal marijuana market has been reported as thriving. The reasons for this are pretty straightforward. First, it is a new and highly regulated market making it difficult to supply products and keeping legal marijuana prices high. Also, steep taxes on legal marijuana exceeding 30% also are keeping prices high.
"Camouflaged amid the legal medici... (more)


Monday August 18th, 2014

Neighborhood Bully - America Recklessly Throws its Weight Around posted 08/18/2014, 12:51 AM (Peter Schiff)
[Category: Economy]
On June 30, U.S. authorities announced a stunning $9 billion fine on French bank BNP Paribas for violations of financial sanctions laws that the United States had imposed on Iran, Sudan and Cuba. In essence, BNP had surreptitiously conducted business with countries that the United States had sought to isolate diplomatically (sometimes unilaterally in the case of Cuba). Although BNP is not technically under the jurisdiction of American regulators, and the bank had apparently not broken any laws o... (more)


Wednesday August 13th, 2014

Doug Casey on the Phil Donahue Show (1980/1981) posted 08/13/2014, 4:37 PM (YouTube)
[Category: Economy]


Doug Casey on the Phil Donahue Show promoting his book, "Crisis Investing", filmed on November 3rd, 1980 in the oldest known recording of Doug Casey.

This video is provided by The Dollar Vigilante and an overview of the video can be found at http://dollarvigilante.com/blog/2014/...


Tuesday August 5th, 2014

Americans Got $2 Trillion in Benefits from Federal Government in 2013 posted 08/05/2014, 4:57 PM (CNS News)
[Category: Economy]
(CNSNews.com) -- The federal government paid $2,007,358,200,000 in benefits and entitlements in fiscal year 2013 from government programs, according to data from the Bureau of the Fiscal Service’s Monthly Treasury Statement.... (more)


Tuesday July 29th, 2014

Yellen: Where No Man Has Gone Before posted 07/29/2014, 8:56 AM (Peter Schiff)
[Category: Economy]
Although Fed Chairwoman Janet Yellen said nothing new in her carefully manicured semi-annual testimony to Congress last week, her performance there, taken within the context of a lengthy profile in the New Yorker (that came to press at around the same time), should confirm that she is very different from any of her predecessors in the job. Put simply, she is likely the most dovish and politically leftist Fed Chair in the Central Bank's history.

While her tenure thus far may feel
... (more)


Marc Faber Responds To CNBC Mockery, Asks "How Has CNBC's Portfolio Done Since 1999?" posted 07/29/2014, 8:56 AM (Zero Hedge)
[Category: Economy]
Having provided his clarifying perspective on why the markets are extremely fragile and due for a 20-30% correction, Marc Faber was assaulted by CNBC's Scott Wapner reading off a litany of recent calls that have not worked out as planned. ... (more)


Friday July 25th, 2014

America's Dumbest Move Yet: Seizing A Foreign Bank posted 07/25/2014, 6:12 AM (Zero Hedge)
[Category: Economy]
Ten dark suited men entered the premises of FBME bank in Cyprus on Friday afternoon and took it hostage.

It must have looked like a scene from the Matrix. And given the surrealism of how this conflict is escalating, maybe it was.

The men were from the Central Bank of Cyprus (CBC). And they commandeered FBME because an obscure agency within the US government recently issued a report accusing the bank of laundering money.
... (more)


Thursday July 24th, 2014

The "Gates" Are Closing: SEC Votes Through Money Market Reform posted 07/24/2014, 7:08 AM (Zero Hedge)
[Category: Economy]
It was nearly five years ago when Zero Hedge first wrote: "This Is The Government: Your Legal Right To Redeem Your Money Market Account Has Been Denied" in which we predicted as part of the ongoing herding of investors away from every other asset class and into stocks, regulation will be implemented to enforce that "money market fund managers will have the option to 'suspend redemptions to allow for the orderly liquidation of fund assets" or in other words implement redemption "gates." The logic... (more)


Monday July 21st, 2014

California City Will Fine Couple $500 For Not Watering Brown Lawn, State Will Fine'em $500 If They Do posted 07/21/2014, 4:36 AM (Consumerist)
[Category: Economy]
When you’re in a steady relationship, communication is clear. Because when mom says to do one thing, and dad says another, the kids get really confused. Such is the case in California, where the state has issued rules for homeowners to conserve water in the midst of extreme drought, with fines of $500 per day or violating those guidelines, but ... (more)


Thursday July 17th, 2014

Carbon Tax Gone – Australia First Country to Get Rid of a Price on Carbon posted 07/17/2014, 2:25 AM (Joanne Nova)
[Category: Economy]
As of today, Australia no longer has the most expensive “carbon” price in the world. The voters didn’t ask for a tax in 2010, but it was forced on them in 2011. They rejected it wholeheartedly in 2013 but it still has taken months to start unwinding this completely pointless piece of symbolism which aimed to change the weather. The machinery of democracy may be slow, but this is a win for voters.... (more)


Thursday July 10th, 2014

Block on CNBC: Privatize the Roads posted 07/10/2014, 5:26 PM (Mises Blog)
[Category: Economy]
Walter Block explains road privatization on CNBC:
... (more)


Google's Larry Page: "I Think the Government's Likely to Collapse Under Its Own Weight." posted 07/10/2014, 5:26 PM (Reason)
[Category: Economy]
Over the weekend, Google co-founders Sergey Brin and Larry Page sat down for a rare joint public interview with venture capitalist Vinod Khosla, in which the three billionaires reminisced about how Brin and Page nearly sold their groundbreaking search technology to Excite for $1.6 million in 1999 (Google's market capitalization is n... (more)


Monday July 7th, 2014

Burgeoning Regulations Threaten Our Humanity posted 07/07/2014, 4:31 PM (Robert Higgs)
[Category: Economy]
Insofar as mainstream economics may be said to make moral-philosophical assumptions, it rests overwhelmingly on a consequentialist-utilitarian foundation. When mainstream economists say that an action is worthwhile, they mean that it is expected to give rise to benefits whose total value exceeds its total cost (that is, the most valued benefit necessarily forgone by virtue of this particular action's being taken). But nearly always the economists make no attempt to evaluate as part of their bene... (more)


When Zero's Too High posted 07/07/2014, 4:31 PM (The Freeman)
[Category: Economy]
Central banking has taken interest rate reduction to its absurd conclusion. If observers thought the European Central Bank (ECB) had run out of room by holding its deposit rate at zero, Mario Draghi proved he is creative, cutting the ECB’s deposit rate to minus .10 percent, making it the first major central bank to institute a negative rate.

Can a central-bank edict force present goods to no longer have a premium over future goods?
... (more)


Tuesday July 1st, 2014

How Government Forces the Poor Into Black Markets posted 07/01/2014, 7:14 AM (Mises Institute)
[Category: Economy]
From the left we often see tension between those who want to help the poor, and those who want to help the government. One recent example of this is the proposal to ban cash forwarded by Harvard's Ken Rogoff.

The gist of Rogoff's beef with cash is that cash fuels the black market, and it makes it harder for the government to push negative nomin
... (more)


Friday June 27th, 2014

"America Has Ceased to Exist": Investment Guru Doug Casey on the Coming Economic Meltdown posted 06/27/2014, 6:37 AM (Reason)
[Category: Economy]


"America, is a marvelous idea, a unique idea, fantastic idea, I'm extremely pro-American. But America has ceased to exist," declares Doug Casey, an economist and author of his most recent book, Right on the Money. He has also produced a new documentary called Meltdown America which predicts the economic and political unraveling of the U.S.

Casey recently sat down with Reason TV's
... (more)


Paulson's Puerto Rico Paradise Lures Rich Fleeing Taxes posted 06/27/2014, 6:37 AM (Bloomberg)
[Category: Economy]
It’s 2 a.m. at La Factoria in Puerto Rico’s Old San Juan, a hipster joint with a sagging couch, tile floors and Christmas lights that wouldn’t be out of place in Brooklyn’s Williamsburg. While “Get Lucky” plays, tipsy couples slink out the doors onto the colonial city’s cobblestone streets into this warm April night.

At the bar, a 28-year-old hedge fund trader -- the type of person who posts his SAT results on his LinkedIn page -- is ranting about the tax code. He’s obsessed with
... (more)
Related: Puerto Rico To Become Epic Tax Haven For U.S. Citizens?: 'The Idea Is To Turn It Into An Alternative To Singapore'


Red Cross: How We Spent Sandy Money Is a 'Trade Secret' posted 06/27/2014, 6:37 AM (ProPublica)
[Category: Economy]
The charity is fighting our public records request for information on how it raised and spent money after the superstorm. ... (more)


AUS: Liberals celebrate as carbon tax repeal passes lower house posted 06/27/2014, 6:36 AM (Sydney Morning Herald)
[Category: Economy]
The most politically costly reform in politics in decades is to end with the Senate preparing to wind up Labor's carbon tax and scrap the automatic move to a market-based trading scheme from next year.... (more)


Wednesday June 25th, 2014

Germany Gives Up Plan To Repatriate Gold From US posted 06/25/2014, 4:50 AM (The Voice of Russia)
[Category: Economy]
After two years of diplomatic struggles and scandals involving the US Federal Reserve, Germany gave up on its attempts to repatriate its gold. In order to save face, Bundesbank issued an official statement that underscores its "trust" in its American partners.... (more)


The Bond Trap posted 06/25/2014, 4:49 AM (Peter Schiff)
[Category: Economy]
The American financial establishment has an incredible ability to celebrate the inconsequential while ignoring the vital. Last week, while the Wall Street Journal pondered how the Fed may set interest rates three to four years in the future (an exercise that David Stockman rightly compared to debating how many angels could dance on the head of a pin), the media almost completely ignored one of the most chilling pieces of financial news that I have ever seen. According to a small story in the Fin... (more)


Tuesday June 24th, 2014

Entrepreneurs Are Moral Heroes posted 06/24/2014, 4:23 AM (Hans-Hermann Hoppe)
[Category: Economy]
In the most fundamental sense we are all, with each of our actions, always and invariably profit-seeking entrepreneurs.

Whenever we act, we employ some physical means (things valued as goods) -- at a minimum our body and its standing room, but in most cases also various other, "external" things -- so as to divert the "natural" course of events (the course of events we expect to happen if we were to act differently) in order to reach some more highly valued anticipated future state
... (more)


Monday June 23rd, 2014

Faber: Fed is making rich richer, causing increase in income inequality posted 06/23/2014, 12:44 AM (YouTube)
[Category: Economy]


The Federal Reserve is expected to announce another $10 billion worth of tapering on Wednesday, reducing the size of its monthly asset purchase program to $35 billion, from $85 billion at the height of the program. And though the hyper inflation many warned would be a consequence of its stimulative policies has not yet reared its head, Fed skeptics like Marc Faber still have strong words for th
... (more)


Wednesday June 18th, 2014

'Bitcoin Jesus' Calls Rich to Tax-Free Tropical Paradise posted 06/18/2014, 2:59 AM (Bloomberg)
[Category: Economy]
He’s known as Bitcoin Jesus in the world of cyber-currencies. Though he can’t promise you heaven, he is offering a haven: a condo in the Caribbean that comes with a new passport and almost zero taxes. ... (more)


Sunday June 15th, 2014

U.S. expats find their money is no longer welcome at the bank posted 06/15/2014, 1:00 PM (Reuters)
[Category: Economy]
(Reuters) - Imagine being excluded from the financial services industry because of your passport.

That happened to Carrie Walczak, an American living in Germany, in May. She received a letter from Deutsche Bank informing her that her bank account was going to be closed because she is an American.
... (more)


Wednesday June 11th, 2014

Self-Described “Austrian Economics Geek,” Defender of Personal Self-Defense, Reads LewRockwell.com, Wants to Abolish the FDA, Supports the Right of Secession, Reads Fred Reed on LRC, Volunteered for Ron Paul Campaign posted 06/11/2014, 11:52 PM (Thomas DiLorenzo)
[Category: Economy]
This is how Zachary Werrell, the twenty-three-year-old campaign manager of the man who defeated Eric Cantor (Professor David Brat)  described himself on Facebook.  Sadly, this was all “scrubbed” from his Facebook account last night.  The “mainstream” media is already acting like he’s hidden a dead body in his trunk.


Tuesday June 10th, 2014

FDA May Destroy American Artisan Cheese Industry posted 06/10/2014, 10:17 PM (Forbes)
[Category: Economy]
The Food and Drug Administration (FDA) has issued an executive decree banning the centuries old practice of aging cheese on wooden boards. One bureaucrat within the FDA, without surveying all of the scientific literature, and without public commentary, has rattled hundreds of small businesses across the United States. Consumers who eat any kind of aged cheese should prepare for a potentially catastrophic disruption in the market for artisan, non-processed cheese.... (more)


RIAA Revenue Drops to Record Low posted 06/10/2014, 10:14 PM (TorrentFreak)
[Category: Economy]
The RIAA's latest tax filings reveal that the anti-piracy group's revenue has hit a record low as membership dues from record labels continue to decline. But despite the downward trend RIAA CEO Cary Sherman received nearly $500,000 in bonuses in addition to his million dollar salary.... (more)


Marc Faber Blasts "American Military Presence In Asia Is Completely Unacceptable" posted 06/10/2014, 10:14 PM (Zero Hedge)
[Category: Economy]
In our latest Squawkonomics interview with Marc Faber, we were told a story of a petulant and wincing state carrying a heavy burden and unwilling to release its full spectrum dominance view on its administration of the world in light of a recent economic fallback, a declining economic share of the global economy, and the very stewardship of the global reserve currency being in flux. ... (more)


Tax Exiles Flee America posted 06/10/2014, 10:14 PM (The Freeman)
[Category: Economy]
The U.S. government is driving some of its most productive citizens abroad. The only beneficiaries are countries such as Singapore and Switzerland, which offer sanctuary to Americans fleeing avaricious Uncle Sam.... (more)


Google Has Started Hiring More People Who Didn't Go To College posted 06/10/2014, 10:14 PM (Business Insider)
[Category: Economy]
After years of looking at the data, Google has found that things like college GPAs and transcripts are almost worthless in hiring.... (more)


Monday June 9th, 2014

Snow Job posted 06/09/2014, 8:31 AM (Peter Schiff)
[Category: Economy]
Economists, investment analysts, and politicians have spent much of 2014 bemoaning the terrible economic effects of the winter of 2014. The cold and snow have been continuously blamed for the lackluster job market, disappointing retail sales, tepid business investment and, most notably, much slower than expected GDP growth. Given how optimistic many of these forecasters had been in the waning months of 2013, when the stock market was surging into record territory and the Fed had finally declared... (more)


Taxpayers Are Shocked to Discover That When They Vote for Government Services, They Have to Pay for Them posted 06/09/2014, 8:31 AM (The Beacon)
[Category: Economy]
Taxpayers in Austin, Texas, are upset that their property tax bills are rising. This article reports that taxpayer Gretchen Gardner is "at the breaking point" because of her increasing property taxes.

Gardner says, "I have voted for every park, every li
... (more)


Friday June 6th, 2014

Virginia DMV Tells Uber And Lyft To Stop Operating posted 06/06/2014, 10:07 AM (The Virginian-Pilot)
[Category: Economy]
The Virginia Department of Motor Vehicles sent cease-and-desist orders Thursday to Lyft and Uber, telling the two taxi-like services they must stop operating in violation of state law or face fines against their drivers.... (more)


Thursday June 5th, 2014

NSA-Proof Server Protonet Smashes Crowdfunding Record by Raising $1m in 89 Minutes posted 06/05/2014, 8:05 AM (IBTimes)
[Category: Economy]
A private server startup has raised over $1 million in less than an hour and a half, breaking the crowdfunding record.... (more)


Swiss Freeports and the Invincible Tax Evader posted 06/05/2014, 8:05 AM (The Freeman)
[Category: Economy]
Tax evaders will have their way.... (more)


Wednesday June 4th, 2014

No Joke, Paul Krugman Praised Veterans Health System As National Model posted 06/04/2014, 6:10 AM (The Beacon)
[Category: Economy]
In 2011, New York Times columnist Paul Krugman wrote that the federal Veterans Affairs (VA) healthcare system is a "huge policy success story, which offers important lessons for future health reform."

Let's examine Krugman's arguments for why the VA is a national model for healthcare in light of recent revelations:

1) Krugman says the VA has "le
... (more)


Silk Road may have prevented drug violence, study says posted 06/04/2014, 6:10 AM (The Verge)
[Category: Economy]
Silk Road, the now-shuttered underground website where people could buy and sell illegal goods, was often referred to as the "eBay for drugs," implying that end users were the ones buying the drugs in small amounts.... (more)
The drug warriors cannot say the same.


Tuesday June 3rd, 2014

For The First Time Ever, More Than Half The Members Of Congress Are Millionaires posted 06/03/2014, 7:29 AM (Michael Snyder)
[Category: Economy]
Wealthy members of Congress are living the high life at taxpayer expense, while most of the rest of the country continues to suffer through one of the worst economic periods in our lifetimes.  According to an analysis conducted by the Center for Responsive Politics earlier this year, more than half of the members of Congress are millionaires.  This is the first time that this has ever happened in U.S. history.  In addition, the same study found that... (more)


Monday June 2nd, 2014

Piketty's Envy Problem posted 06/02/2014, 6:25 AM (Peter Schiff)
[Category: Economy]
There can be little doubt that Thomas Piketty's new book Capital in the 21st Century has struck a nerve globally. In fact, the Piketty phenomenon (the economic equivalent to Beatlemania) has in some ways become a bigger story than the ideas themselves. However, the book's popularity is not at all surprising when you consider that its central premise: how radical wealth redistribution will create a better society, has always had its enthusiastic champions (many of whom instigated revolts and revo... (more)


For Libertarian Utopia, Float Away on 'Startup' Nation posted 06/02/2014, 6:24 AM (Bloomberg)
[Category: Economy]
As dawn breaks over the Gulf of Fonseca, southeast of El Salvador, Patri Friedman sets out for a jog. He trots past domed hothouses filled with fruit trees and feels the sidewalk sway gently underfoot as a tugboat chugs by with a floating apartment building in tow. The year is 2024, and Friedman lives on a so-called seastead, a waterbound city of some 1,000 people who produce their own food, their own energy and -- most important -- their own laws. ... (more)


The $120 Smartphone Patent Tax: Patent Royalties Cost More Than The Actual Hardware In Your Phone posted 06/02/2014, 6:23 AM (Techdirt)
[Category: Economy]
The folks over at law firm WilmerHale have now released a paper, which conservatively (and thoroughly) estimates that the patent royalties that need to be paid by smartphone manufacturers currently exceeds $120 per device -- which they note is right around the price of the components themselves.... (more)


Wednesday May 28th, 2014

Once Again, Government Displaces Real Aid posted 05/28/2014, 2:21 AM (The Beacon)
[Category: Economy]
The history of the growth of government is riddled with government programs driving out well-functioning arrangements for the private provision of assistance and social services, including welfare, healthcare and hospital services, unemployment assistance, disaster relief and more.

So it should come as no surprise that now Obamac
... (more)


Tuesday May 27th, 2014

Are You Kidding Me? Now Allegations That Piketty Fudged His Wealth Data posted 05/27/2014, 12:47 AM (Robert P. Murphy)
[Category: Economy]
Thomas Piketty’s Capital in the Twenty-First Century is a moving target. The book contains foundational theoretical problems, a misreading of the empirical literature that blows up his whole case, sloppy and absurd factual errors concerning tax rates and minimum wage ... (more)


Thursday May 22nd, 2014

See No Evil posted 05/22/2014, 8:00 PM (Peter Schiff)
[Category: Economy]
In this week’s release of the minutes from its April 29-30 meeting, Federal Reserve policymakers made clear that they see little chance of inflation moving past their 2% target for years to come. In order to make such a bold statement, Fed economists not only had to ignore the current data, but discount the likelihood that their current stimulus will put further upward pressure on prices that are already rising.

Even if you believe the highly manipulated government CPI data, April
... (more)


Wednesday May 21st, 2014

27 Huge Red Flags For The U.S. Economy posted 05/21/2014, 6:14 PM (The Economic Collapse)
[Category: Economy]
If you believe that the U.S. economy is heading in the right direction, you really need to read this article.  As we look toward the second half of 2014, there are economic red flags all over the place.  Industrial production is down.  Home sales are way down.  Retail stores are closing at the fastest pace since the collapse of Lehman Brothers.  U.S. household debt is up substantially, and in 20 percent of all U.S. families everyone is unemployed.  In so many ways, what we are w... (more)


Tuesday May 20th, 2014

The Belgian Connection posted 05/20/2014, 5:06 PM (Peter Schiff)
[Category: Economy]
One of the biggest questions at the end of 2013 was how the Treasury market would react to the reduction of bond buying that would result from the Federal Reserve’s tapering campaign. If the Fed were to hold course to its stated intentions, its $45 billion monthly purchases of Treasury bonds would be completely wound down by the 4th quarter of 2014. Given that those purchases represented a very large portion of Treasury bond issuance at that time, it was widely assumed by many, me in particular,... (more)

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Man Assaulted, Arrested, Cellphone Illegally Confiscated after Filming a Car on Fire - 09/30Cops Seize Car When Told To Get A Warrant, Tell Owner That's What He Gets For 'Exercising His Rights' - 09/29Cop Who Murdered James Boyd, Caught Plotting on Dashcam, "I'm Going to Shoot Him in the Penis" - 09/29SC Trooper Groubert Told Supervisor Man He Shot 'Kept Coming Towards' Him, Contradicting Video - 09/29Blackmail, Witness Tampering, Criminal Misconduct: Routine Business for the Flathead County Gestapo - 09/29Ninth Circuit Outlaws Random Motorist Searches Over Fish - 09/29Guards at Concentration Camps Were Just Doing Their Jobs - 09/30Government "Security" Dictated by Prank-Calling Sadist in Walmart Shooting - 09/30

Rialto, CA Police Made to Wear Cameras, Use of Force Drops by Over Two-ThirdsCop Who Karate Chopped NY Judge In Throat Gets Off Scot-FreeFlorida Cop Smashes Compliant Woman's Face Into Car -- "Maybe Now You Can Understand Simple Instructions"VIDEO: Lapel Cam Reveals A Day In The Life Of A U.S. Police Officer (Tasing, Beating, Breaking & Entering, Stomping On Heads... and Laughing About It)Caught On Tape: Officer Sucker Punches Inmate In Face, Files Report Claiming 'Self Defense'Insult Person On Twitter, Go To JailSWAT Team Brings TV Crew To Film Raid Against Threatening Internet Critic -- Raids Innocent Grandma InsteadCop Karate Chops NY Judge In The ThroatWhen the Right to Resist Becomes the "Duty to Submit"The Missing Lesson From Norway: Never Trust a Man in Uniform
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