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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
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Category: Economy - Browse by Category - News - Analysis - Highlights - Multimedia - Latest Comments Page 4 Sunday April 19th, 2015

Tuesday June 10th, 2014
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)

‘High risk’ label from feds puts gun sellers in banks’ crosshairs, hurts business posted 05/20/2014, 5:06 PM (Washington Times)
[Category: Economy]
Gun retailers say the Obama administration is trying to put them out of business with regulations and investigations that bypass Congress and choke off their lines of credit, freeze their assets and prohibit online sales.... (more)

Monday May 19th, 2014

Memos Show IRS in D.C. Delayed Tea Party Groups' Non-Profit Status posted 05/19/2014, 12:35 PM (The New American)
[Category: Economy]
The release of 1,400 pages of e-mails and memos to the conservative organization Judicial Watch has confirmed that the Obama administration's IRS in Washington singled out Tea Party and “patriot” organizations for delays and extra scrutiny in their applications for non-profit status. Judicial Watch had filed multiple Freedom of Information Act requests to obtain the information. ... (more)
"Not a smidgen of corruption!"

9 public college presidents' pay tops $1 million posted 05/19/2014, 12:35 PM (Associated Press)
[Category: Economy]
BALTIMORE (AP) -- The number of public college presidents earning over $1 million more than doubled in the 2012-2013 fiscal year from the year before, according to a new survey.

The Chronicle of Higher Education study found that nine college presidents earned more than $1 million in total compensation in 2013, compared to just four in 2012.
... (more)

Friday May 16th, 2014

Meet The Man Who Killed Keystone posted 05/16/2014, 5:16 PM (Wendy McElroy)
[Category: Economy]
On May 12, the United States Senate fell 5 votes short of the 60 required to invoke cloture. (Cloture is a way to close debate and cause an immediate vote on a bill.) The measure in question was the first energy bill to have hit that chamber since 2007. It was killed by the Keystone XL Pipeline project which would funnel Canadian crude oil from Alberta down to Texas refineries.

Republicans wanted to add an amendment to approve the project. Democrats wanted a stand-alone vote on i
... (more)

The Student-Loan Scam posted 05/16/2014, 5:16 PM (Jacob G. Hornberger)
[Category: Economy]
The federal student loan program ranks among the biggest scams of the welfare-state way of life that modern-day Americans have embraced.

An article in the Washington Post entitled "College Debt Is Still Keeping Grads from Buying Homes," points out that "young people are still drowning in student loans, and that debt is holding them back from reaching grow
... (more)

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

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Documents: National Guard Ordered To Consider Americans As 'Enemy Forces' And 'Adversaries' - 04/17Video: Armed National Guard Troops Patrol Residential Streets in California - 04/17Cops Raid Cannabis Oil Activist Because Her Son Discussed Medical Pot Facts at School - 04/14Worse than Sandusky: School Cop Whose Job was to 'Protect' Students, Repeatedly Raped 22 Boys - 04/17Massachussetts Cop Admits that Police Don't Really Care About Public Safety - 04/17Video: Citizen Pulls Cop Over For Reckless Driving! - 04/17Want to Record The Cops? Know Your Rights - 04/17Palm Beach County Sheriff's Deputy Indicted for Using Excessive Force and Filing False Report - 04/17

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