A third installment of Ayn Rand’s “Atlas Shrugged” trilogy received the greenlight last weekend. John Aglialoro, the producer of the films, told Forbes that there will be a controversial surprise for the film that is sure to please Ayn Rand followers and fans of the book and motion pictures. Be sure to check out my […]
Archives for February 2013
CBO: Debt to increase $7 trillion, Social Security costs to reach $3.2 trillion by 2023
The Congressional Budget Office released a new report Tuesday that projected the federal debt will be $7 trillion larger in the next 10 years, the cost of Social Security, Medicare and Medicaid will be $1.43 trillion a year and about seven million Americans will no longer have employer-provided health insurance because of the Affordable Care […]
America remembers Ronald Reagan during 102nd birthday
On Feb. 6, it was former President Ronald Reagan’s birthday. He would have been 102. The Republicans fondly look back at his presidency, but it seems that they like to forget about some of his disastrous economic and fiscal policies. Although Reagan seemed to have the right idea when he espoused political and economic virtues, […]
U.S. government applying more ‘sin’ taxes to generate revenue
For decades now, the United States federal and state governments have instituted “sin” taxes on bad habits such as smoking, alcohol, soda, sex and even junk food. At first, the purpose of these taxes is to break bad habits but these funds eventually subsidize unrelated programs like the arts. A new report titled “Sin Taxes: […]
Economist challenges Paul Krugman on basic economics
Economist and philosopher Hans Herman Hoppe gives Paul Krugman a very rudimentary challenge on his Keynesian economics of monetary and fiscal stimulus. In classic Hoppe fashion he suggests that questions be asked of Krugman in a childlike manner. Really he is just using the Socratic Method of logical deduction through asking a serious of questions […]