It seems that students at Stanford University will not be taught about the greatness of capitalism and how it’s the only moral economic system in the world today. The university’s popular course was titled “Moral Foundations of Capitalism” that, unlike most secondary and post-secondary institutions, portrayed capitalism and free markets in a positive light. The […]
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Swedish version of the IRS suggests society would crumble without taxes
Tom Woods recently posted a video over at his blog of a commercial from Sweden produced by their version of the Internal Revenue Service. Tom remarks: “This video, from the Swedish version of the IRS, shows what the world would supposedly look like without taxes. All soccer fields would be left to deteriorate. Filth would come […]
Bitcoin: Can a private digital currency circumvent the government?
In a fascinating interview Tom Woods talks with Erik Voorhees of BitInstant about Bitcoin. Bitcoin is a digital currency as well as a global payment network for that currency. It is not unlike other currencies around the world like the dollar and euro but with the important exception that it is private and there will […]
Visualizing debt in the United States: Infographic
The below infographic gives an interesting visual of the amount of debt held by Americans, including the U.S. federal government’s debt. Though the numbers used in this graphic are the official government numbers – the real national debt is many times more than this. Nevertheless it is interesting that under the payoff rates section the […]
Ron Paul: The budget debate is just a sideshow
Dr. Ron Paul may be retired from politics, but he is still providing his respected insight into the chaos known as Washington politics. In his latest Texas Straight Talk on Monday, the three-time presidential candidate and bestselling author stated that the budget debate between President Barack Obama and the Republican leadership is nothing but a […]