Atlanta has experienced Old Man Winter over the past few weeks. In the past several days, the city has received more than three inches of snow, which shut the city down and caused immense havoc on the streets. More snow is still forecasted to come. According to the latest weather forecasts, numerous parts of Georgia […]
Archives for February 2014
Peter Schiff says market will implode unless Fed resumes QE
Peter Schiff, president of Euro Pacific Capital appeared on CNBC last week in which he projected that the stock market would experience a collapse and implodes unless the Federal Reserve resumes and perhaps even increases its quantitative easing measures. This has been the standard statement for Schiff since the summer, which can be viewed by […]
Janet Yellen reaffirms commitment to QE tapering despite poor labor market
The tapering of the $85 billion quantitative easing is here to stay? Speaking to lawmakers on the House Financial Services Committee on Tuesday, new Federal Reserve Chair Janet Yellen reaffirmed her commitment to her predecessor’s, Ben Bernanke, monetary policy strategy, including the tapering of the bond-buying initiative. Yellen confirmed that she would not make any […]
IRS to receive 40% share from U.S. Sochi Olympic medalists
Millions of Americans are cheering on United States Olympians at the 2014 Sochi Winter Olympic Games. There is one particular U.S. department that is cheering much more than others: the Internal Revenue Service. Why? For taxes of course! U.S. Olympic medallists will have to pay federal taxes on all of the awards given by the […]
Video: How do free markets regulate product safety?
One of the arguments made by those who are against a truly free market system is: who will protect the consumer with safe products? Time and again, opponents of capitalism and free markets say the USDA and the FDA are needed institutions. But are they? Companies won’t succeed with dangerous products on the market that […]