Archives for November 2012

Rand Paul: ‘Do not send your money to Washington’

Kentucky Republican Senator Rand Paul appeared on CNBC on Thursday to talk about the anti-tax pledge and New Y0rk Democratic Senator Charles Schumer's criticism of the Republican Party's apparent abandonment and "divorce" from the pledge. Paul … [Read more...]

U.S. nears next economic collapse as debt ceiling reaches limit soon

The Congressional Budget Office (CBO) issued a new report Thursday that noted the statutory debt limit of $16.394 trillion will be met by the end of December, but the Treasury Department can take certain measures to fund government without an … [Read more...]

Friedrich Hayek takes on a wealth redistributionist on ‘Firing Line’

Friedrich Hayek, author of "The Road to Serfdom," made an appearance on William F. Buckley's "Firing Line."  During this appearance, he debated a wealth redistributionist and our friends over at Common Sense Capitalism published the video and it is a … [Read more...]

Student loan bubble collapsing as delinquencies skyrocket

Total student loan debt outstanding reached the $1 trillion mark for the first time late last year. New data from the Federal Reserve Bank’s Quarterly Report on Household Debt and Credit is now showing that the student loan delinquency rate is a … [Read more...]

Federal government looking for cheapest way to counterfeit money

Congress is investigating whether it would be cheaper for them to stop printing dollar bills and start using $1 coins instead. Dollar bills are cheap to create but do not last very long, especially as the velocity of money increases with dollar … [Read more...]

Report: Two-thirds of British millionaires left the country to avoid high tax rate

Is this another failed example of taxing the rich? The London Telegraph reported Wednesday that two-thirds of millionaires left Great Britain in the tax year of 2009-2010 to avoid the 50 percent income tax.  It is concluded that many of the … [Read more...]

Dollar collapse possible as other currencies compete for world reserve status

Since the economic collapse that transpired in 2007 and 2008, many have forewarned the inevitable destruction of the United States dollar, the most held currency in the Allocated Reserves, which is also followed by the euro and a few others. As … [Read more...]

A list of things Libertarians should quit doing

A libertarian YouTube user published this short video that lists many things that libertarians do and should cease doing immediately.  I know I am guilty for at least one of the things (turning everything into a political argument, except art, … [Read more...]

Former Federal Reserve Chairman Paul Volcker gets confronted on $16 trilllion Fed bailouts

It should be no secret now that the Federal Reserve issued $16 trillion worth of bailouts domestic and international financial institutions, although the federal government and the central bank like to have the American people believe it was just … [Read more...]

Taxing the rich will not stop financial collapse, inflation: economic experts

The fiscal cliff deadline is soon approaching for the United States and many believe the country would be in great danger if it did indeed head off the fiscal cliff and suffer an economic collapse on Jan. 1, 2013, according to a new national CNN/ORC … [Read more...]