At the height of the financial collapse in 2008, United States taxpayers were forced to bail out Fannie Mae and Freddie Mac, which came with a $200 billion price-tag. The Obama administration had utilized taxpayer subsidized loans by allocating enormous sums of foreclosed housing inventory from the two agencies and into bigger investment funds. At the […]
Archives for March 2015
Tom Woods: The fallacies of the living wage (video)
One of the most popular terms uttered by unions, anti-poverty activists, liberals and hipsters alike is “living wage.” What exactly is a living wage and how does one come to this number? No one can really explain it as some groups say $15 per hour while others want $20 per hour. It’s usually an arbitrary […]
UK government attempts to further manipulate consumer price index
The United Kingdom government will attempt to further distort its official basket of goods used to calculate the nation’s consumer price inflation. The Financial Times reports that the UK will add 13 goods and services to its basket, including e-cigarettes, protein powders, sweet potatoes, music streaming subscriptions and video games. This is a questionable move because […]
Report: U.S. government funding al-Qaeda
Foreign policy on the world stage is quite the quagmire. For one moment, al-Qaeda is deemed the enemy, but then the terrorist organization is an ally. In another instance, ISIS is an ally against the Mossad regime, but now they are the depicted as the new face of fear. This is why a non-interventionist foreign […]
‘Flash Boys’ author Michael Lewis: Yes, stock market is still rigged
Last year, financial expert Michael Lewis caused quite the stir in the world of finance after he made the claim that the stock market is rigged by those who participate in high-frequency trading. The author of “Flash Boys” garnered a lot of critics and supporters. Well, Lewis has returned by publishing a piece in the […]