By: Ryan McMaken Los Angeles, home to one of the least affordable housing markets in North America, is now proposing to expand rent control to “fix” its housing problem. As with all price control schemes, rent control will serve only to make housing affordable to a small sliver of the population while rendering housing more inaccessible to […]
Archives for March 2017
Is Democratic Socialism the solution? ‘Dead Wrong’ says Johan Norberg
During the 2016 United States presidential election, millions of American millennials learned about a political system called democratic socialism. To all of the flannel-wearing, latte-sipping, Apple-loving youths, Bernie Sanders was their champion who could bring about this utopia to the Land of the Free. But is democratic socialism the solution to all of our problems? […]
CBO warns of fiscal crisis in next 30 years amid rising debt, deficit levels
United States government debt and budget deficits are projected to explode within the next 30 years, warns a new report from the Congressional Budget Office (CBO). According to a new report released by the non-partisan budgetary agency, debt to gross domestic product (GDP) is expected to reach 150 percent by the year 2047, if government […]
Jim Rogers warns clueless Federal Reserve will be the ‘ruin of us all’
Not everyone is a fan of the Federal Reserve System, or any of its chairmen. The Fed doesn’t have any idea what it is doing, and this ineptness will be “the ruin of us all,” says Jim Rogers, co-founder of the Quantum Fund, and perhaps the most charming man in the financial world. Speaking in […]
March 28, 2017 marks the start of human ‘extinction’ warns Michael Moore
The world is now officially coming to an end, warns Oscar-winning documentary filmmaker Michael Moore. One day after United States President Donald Trump signed an executive order that would roll back his predecessor’s climate change regulations, Moore tweeted that human “extinction” has been initiated. “Historians in the near future will mark today, March 28, 2017, […]