Japanese Prime Minister Shinzo Abe is being praised for his easy money policies and being “victorious” in devaluing the yen against the dollar by twenty percent over the past six months. Despite the risk of fanning the flames of a currency war with trading partners this is seen as sound policy by the the economic […]
Archives for May 2013
12 important steps to understand the free market, reject government tyranny
This week, I just finished reading economist Robert Murphy’s tremendous book “The Politically Incorrect Guide to Capitalism.” The P.I.G. series contain fantastic books that debunk many of the myths of capitalism and the free market perpetrated by socialists, liberals, Keynesians and others who think government is the answer to everything. At the end of the […]
Massive Obamacare propaganda campaign coming to TV and social media
Since the Patient Protection and Affordable Care Act, famously dubbed as Obamacare, was passed a few years ago, there have been numerous reports citing the high costs, the unintended consequences and the ramifications of imposing the healthcare reform law. The costly initiative will lead to job losses, part-time employment, lack of personal choice and the […]
IRS report finds 679 people renounced U.S. citizenship in Q1 of 2013
The Internal Revenue Service (IRS) released its quarterly publication this week that lists Americans who voluntarily abandoned their United States citizenship and gave up their passport. The trend suggests that most of them are doing so because of the tax system. On Wednesday, the IRS published the list of expatriated Americans in order to comply […]
Dollar devaluation or default: Which will the U.S. government choose?
Adjustable mortgage rates got a lot of homeowners in trouble as we saw with the collapse of the housing market. Now the U.S. government will start using floating rate securities to issue its debt: The U.S. Treasury Department said it plans to sell a floating-rate security as early as the fourth quarter this year and […]