Does Anybody Remember the Crash of 2008? Benjamin Franklin observed that “Experience keeps a dear school, but fools will learn in no other.” That warning about the prohibitive price of persistent foolishness has been lost on millions of Americans who are eagerly taking on catastrophic levels of personal and institutional debt.
A little more... (more)
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No, Robots Won't Take All Our Jobs Away
Economist George Reisman joins Tom Woods to explode the "robots will take all our jobs" argument.
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Colorado's New Cannabis EconomyWhat would have happened if one or two states had somehow managed to legalize alcohol during prohibition? Most likely, those states would have become centers of entrepreneurship with retail outlets, medicines, and innovation in equipment, machinery, and other forms of capital related to alcohol-related industries.
With the recent legalization of recreational cannabis use in both Washington state and Colorado, we're able to see a similar experiment in action.
While t... (more)
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Coffeecare: The Affordable Coffee Act
What would it be like if we had to buy coffee like we have to now buy health insurance?
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3 tons of seized illegal ivory crushed in Paris...and illegal poachers rejoice because that means prices will stay artificially high thanks to a constrained supply! Thanks government! |
US Towns Declaring Bankruptcy Are The Lucky OnesWho knew Detroit is the lucky one by being forced into Chapter 9 bankruptcy?
The majority of Scranton, Pennsylvania's remaining 76,000 residents want to declare Chapter 9, and they want it yesterday. Bob Quinn, president of the Scranton and Lackawanna County Taxpayers Association explains, “The silent majority would like to see bankruptcy. Basically, it’s down to a point where people cannot afford to pay the taxes and are moving out of town.”
In a ... (more)
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Peter Schiff Breaks Down "The Daily Show"'s LIES In Video Report
Peter Schiff sets the record straight in his latest video report!
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How Prohibition Makes Heroin More DangerousAn old best friend from childhood just died of a heroin OD two weeks ago. He's the third young man in my grade who has died specifically from heroin OD. After the government made oxy-contin rock solid and virtually impossible to take recreationally they all switched to heroin for 1/12th the cost. Unfortunately, due to prohibition it's not made by a pharmaceutical company but vagrant drug dealers who don't have million dollar faculties to rid it of all impurities and assure perfectly regulated doses. - Chris |
Marc Faber Fears "A Vicious Circle To The Downside" Is Just Beginning "It's not just tapering that is putting pressure on markets," Marc Faber warns in thie brief clip. "Emerging economies have practically no growth and we have a slowdown in China that is more meaningful than strategists are willing to believe," he adds and this is "causing a vicious circle to the downside" in inflated asset markets as most of the growth in the world over the last five years has come from emerging markets. Faber suggests Treasuries as a s... (more)
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Government Punishes 11-Year-Old Girl For Selling Cupcakes Without PermissionTROY, IL — An 11-year-old entrepreneur recently learned a lesson about the economics of living in a police state when her home-based cupcake business was closed-down by local bureaucrats.
When people started noticing young Chloe Stirling’s cake decorating skills, they started requesting she bake them orders for birthdays and holidays. Her clever designs quickly turned into a childhood business venture, as her eager customers gave her money in exchange for birthda... (more)
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Beer Drone Viral Prompts Slap-down From GovernmentA popular beer company received a verbal slap-down from the government this week after it released a video depicting beer deliveries being conducted by flying drones.
The video, produced by Lakemaid Beer, quickly went viral on the internet. It shows a 12 pack of beer being attached to a small drone which then flies to a remote shack where some fishermen (and women) enjoy a cold one.
A press release accompanying the video described how the Minnesota-based compan... (more)
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Peter Schiff: 'The Daily Show' Is Intellectually Dishonest about the Intellectually DisabledFrom Peter Schiff:
When I accepted “The Daily Show”’s invitation to be interviewed about my opposition to a minimum wage increase, I knew that I was walking into a trap. But given how counterproductive I know such an increase would be to those the law proposes to help, I took the risk anyway.
Of the more th... (more)
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'Daily Show' Runs Edited Hit Piece Attacking Peter Schiff: "Rich CEO Tells 'Daily Show' The 'Mentally Retarded' Are Maybe Worth $2 An Hour""Rich CEO Tells 'Daily Show' The 'Mentally Retarded' Are Maaaybe Worth $2 An Hour," reads the headline from the Huffington Post.
Peter Schiff said on his show a month or so ago he was interviewed by The Daily Show. He said they spent an hour four hours asking him the same questions over and over again in slightly different ways to try to get some sort of flub out... (more)
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Government Regulation: The Most Dangerous Monopoly
Everyone wants the items they buy to be safe to use or consume. Prof. Howard Baetjer of Towson University explains that when products undergo third-party certification processes to determine their safety, market forces are able to optimize the amount of testing conducted and consumers can use the information provided by certification firms to make their own decision... (more)
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Turning Their Backs on Sweden's Welfare StateAs noted by e.g. Reason.com, Yahoo! News recently reported that Swedes are increasingly turning their backs on their globally lauded utopian welfare state. While very little known, Sweden’s welfare state “worked” through the early 1970s thanks to deliberately preserving capitalist institutions and ex... (more)
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