Here are a few famous lines from some motion pictures that could very well be uttered prior to and during the economic collapse: “Be afraid. Be very afraid.” “I’m mad as hell, and I’m not going to take this anymore!” “What a dump.” Well, you get the picture. If one were to ask those who […]
Archives for March 2013
Should the United States default on the national debt?
For most in the mainstream of economics and the political establishment the idea of the U.S. government defaulting on its obligations is simply unthinkable. No one will admit that default is likely, much less actually entertain the idea as a viable solution to the debt crisis. Well Doug Casey, author of the new book Totally […]
Black market growing as states mull cigarette tax increases
The Oregon state legislature is in the midst of debating House Bill 2275, a piece of legislation that consists of a proposed increase in the tax on cigarettes. The proposal would see the cigarette tax increase from $1.18 to $2.18 per pack. In 2004, the rate dropped by 10 cents to its present day $1.18 […]
No more capitalism at Stanford University
It seems that students at Stanford University will not be taught about the greatness of capitalism and how it’s the only moral economic system in the world today. The university’s popular course was titled “Moral Foundations of Capitalism” that, unlike most secondary and post-secondary institutions, portrayed capitalism and free markets in a positive light. The […]
Swedish version of the IRS suggests society would crumble without taxes
Tom Woods recently posted a video over at his blog of a commercial from Sweden produced by their version of the Internal Revenue Service. Tom remarks: “This video, from the Swedish version of the IRS, shows what the world would supposedly look like without taxes. All soccer fields would be left to deteriorate. Filth would come […]