With Texas Republican Congressman and three-time presidential candidate Ron Paul bidding a farewell to Washington soon, I thought it would be imperative for Economic Collapse News to list the top five moments of his distinguished career. Although his son, Kentucky Republican Senator Rand Paul, seems to be doing a good job of defending freedom thus […]
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Rand Paul: ‘Do not send your money to Washington’
Kentucky Republican Senator Rand Paul appeared on CNBC on Thursday to talk about the anti-tax pledge and New Y0rk Democratic Senator Charles Schumer’s criticism of the Republican Party’s apparent abandonment and “divorce” from the pledge. Paul explained that most of the money that is sent to Washington is wasted and misallocated. He stated that he […]
Friedrich Hayek takes on a wealth redistributionist on ‘Firing Line’
Friedrich Hayek, author of “The Road to Serfdom,” made an appearance on William F. Buckley’s “Firing Line.” During this appearance, he debated a wealth redistributionist and our friends over at Common Sense Capitalism published the video and it is a compelling near three-minute clip. You can also check out our blog posts regarding William F. […]
Federal government looking for cheapest way to counterfeit money
Congress is investigating whether it would be cheaper for them to stop printing dollar bills and start using $1 coins instead. Dollar bills are cheap to create but do not last very long, especially as the velocity of money increases with dollar devaluation. Coins are more expensive but last longer. The government can create dollar […]
Report: Two-thirds of British millionaires left the country to avoid high tax rate
Is this another failed example of taxing the rich? The London Telegraph reported Wednesday that two-thirds of millionaires left Great Britain in the tax year of 2009-2010 to avoid the 50 percent income tax. It is concluded that many of the affluent Britons left the country in order to evade the high tax rate. This […]