The city of Detroit can be thought of as a microcosm of the United States in many ways. It is grand central of Democratic socialism with its endless tax and spend policies and labor union politics. Once the center of industry in the United States, the labor unions have completely destroyed the auto industry, and […]
Archives for March 2013
New York Times reporter asks ‘what is so special about a balanced budget?’
During an interview with ABC’s George Stephanopoulos this week, United States President Barack Obama declared that he isn’t interested in balancing the federal budget. Even though he did pledge throughout the 2008 presidential campaign to balance it, now he is not going to balance it for the sake of balance. As of late, there have […]
Economist: Cut government budget by 98% or risk complete economic collapse
In an interview with the International Speculator, Doug Casey, a renowned investor and economist, gives his policy prescription for fixing the economy if he was the president. It may sound drastic but it is what is really needed if we are to avoid an economic collapse and let the economy have a full robust recovery. […]
Poll shows growing distrust of government by Americans
Americans have a strong tradition of being skeptical of the government. This skepticism has waned over the past century but a new poll by the Pew Research Center indicates that distrust is increasing, especially of the federal government since Obama took office. Now for every ten Americans only three trust the decisions of the federal […]
Milton Friedman: There’s no such thing as a free lunch
Nobel laureate, bestselling author and economist Milton Friedman speaks at the grand opening of the Cato Institute’s headquarters in Washington, D.C. in 1993. Friedman speaks about the various political aphorisms and highlights that there is no such thing as a free lunch. Enjoy the video.