Since the beginning of the economic collapse in 2007 there has been a significant decline in the number of people who are self-employed, and in particular, the number of self-employed people who establish their business as a corporation and have employees. The recession has effected all forms of employment, as the division of labor will […]
Archives for April 2013
U.S. Senate inching closer to voting on Internet sales tax
Senate Majority leader Harry Reid introduced a motion Thursday to support the Marketplace Fairness Act (S.336/H.R.684), which could be voted on anytime this week. The legislation permits states the power to collect online sales taxes from retailers outside their borders, a controversial issue for both the consumer and the retailer in this economy. Although online […]
Why conservatives want the Federal Reserve System and high taxes
Gary North calls it the “The Triumvirate of Modern Warfare.” It’s the three political pillars of the modern warfare state, which also happens to be the foundation of the modern welfare state. In order to fund the warfare state there must be a high progressive income tax, a central bank (the Federal Reserve), and absence […]
Review: Learning ‘Economics in One Lesson’ with Henry Hazlitt
For those uninitiated in economics, a sycophant may surmise that reading a book on the subject would consist of mammoth words, tiny font, intricate terms and complex formulas. This may be true at a university or college course, but when reading for enjoyment and to obtain an actual education, studying Henry Hazlitt’s “Economics in One […]
Infographic: FDIC guarantee and dollar safety a total illusion
As the below infographic makes clear, if there was ever a serious banking crisis and a run on the banks the FDIC could never cover all the deposits. This means the treasury would have to cover the deposits with the general fund (unlikely) or the Federal Reserve would simply have to print the money.