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Help the Poor by Abolishing the Income Tax – The Future of Freedom Foundation

21 Jul

The income tax must be abolished to create sustainable prosperity.

“The standard leftist position on helping the poor is: Increase income taxes on the rich and give the money to the poor in the form of welfare. The idea is that it’s just not fair that someone has more money when someone has less money. By equalizing people’s financial conditions, through the force of a progressive income tax and a welfare state, the financial plight of the poor will be improved. The left, however, is wrong. As our American ancestors, Continue Reading…”

Source: Help the Poor by Abolishing the Income Tax – The Future of Freedom Foundation

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Posted in Crony capitalism, Economy, Employment, Federal Government, Free markets, Income taxes, Politicians, Politics, Poverty, Spending, Taxes, Welfare state

C.E.O.s Meet in Secret Over the Sorry State of Public Companies

21 Jul

Regulations and easy money are having adverse consequences on corporate governance. Wall Street has turned into a big casino.

“In a series of meetings, titans of business and finance grappled with what they see as a problem of too much money going and staying private.”

Source: C.E.O.s Meet in Secret Over the Sorry State of Public Companies

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Posted in Business cycle, Economy, Free markets, Leadership, Politics, Regulations, Stock market

You can just call me Jeff

20 Jul

Tom DiLorenzo sent me a copy of his new book, The Problem With Socialism, with the following inscription. You can hear Tom Woods interview Tom here. This book should be a best seller based on my review of the contents. I will read it ASAP and discuss it in a future post.

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Posted in Bernie Sanders, Civil liberties, Crony capitalism, Debt, Economy, Education, Employment, Federal Reserve, Free markets, Healthcare, Individual rights, Military-industrial complex, Minimum wage, Money, Politicians, Politics, Poverty, Property rights, Welfare state

The Criminal Rip-Off Called Socialism

18 Jul

Tom DiLorenzo’s new book is published today.

Source: The Criminal Rip-Off Called Socialism

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Posted in Civil liberties, Corruption, Crony capitalism, Economy, Education, Federal Government, Federal Reserve, Free markets, Healthcare, Interest rates, Money, Politicians, Socialism, Welfare state

Goodbye Lenin, Hello Bernanke

18 Jul

How will Ben be remembered? The great statist.

“In the space of a mere eight years, the former US Federal Reserve Bank Chair Ben Bernanke has managed to achieve what Vladimir Lenin could barely conceive.”

Source: Goodbye Lenin, Hello Bernanke

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Posted in Business cycle, Central banks, Crony capitalism, Economy, Free markets, Interest rates

Debt is crushing the global economy

17 Jul

“Max Keiser Financial War Reports”

Source: [KR940] Keiser Report: Gold & World’s Debt Problems | Max Keiser

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Posted in Business cycle, Central banks, Debt, Economy, Federal Reserve, Free markets, Gold standard, Government debt, Inflation, Interest rates, Money, Politics

Wild money printing

17 Jul

“One of the more preposterous deeds of modern central banking involves creating digital monetary credits from nothing and then using the faux money to purchase stocks. If you’re unfamiliar with this erudite form of monetary policy this may sound rather fantastical. But, in certain economies, this…”

Source: Destination Mars | Economic Prism

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Posted in Banks, Business cycle, Central banks, Crony capitalism, Economy, Free markets, Inflation, Politics, Stock market

There is “gold” in them hills

16 Jul

“A Twitter account of random facts has amassed millions of followers and big bucks for the 25-year old who runs it.”

Source: This 25-year-old makes $500,000 a year tweeting random facts

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Posted in Free markets, Innovation

Thumbs down for “maverick” Trump

16 Jul

How Trump blew his credibility by picking Pence.

Source: Dead Man Walking

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Posted in Crony capitalism, Donald Trump, Economy, Foreign policy, Free markets, Immigration, Leadership, Military-industrial complex, Neocons, Politicians, Politics, Presidential campaign, Trade, Warfare state, Welfare state

Why the federal government is anti- free enterprise and anti-consumer

16 Jul

Sen. Booker is no friend of consumers.

“A bipartisan bill was just introduced by Senators Cory Booker (D, NJ) and Mike Lee (R, UT) aimed at preventing federal programs that were…”

Source: USDA and Agribusiness Cartel Plot to Destroy a Small Business

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Posted in Corruption, Crony capitalism, Economy, Free markets, Politics, Regulations, Welfare state

Here’s how the Fed could surprise you

15 Jul

Central banks’ manipulations are causing enormous distortions in the financial markets and the economy. The next bubble bursting will be HUGE.

“Markets don’t believe the Fed will really raise interest rates this year, but traders may be missing something.”

Source: Here’s how the Fed could surprise you

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Posted in Business cycle, Central banks, Crony capitalism, Economy, Federal Reserve, Free markets, Interest rates

Using their positions for personal benefit

14 Jul

Public authorities have become too powerful, having control over the private sector. Another dagger in New Jersey’s reputation. No wonder businesses are hesitant to relocate here.

“Federal authorities have charged former state Transportation Commissioner Jamie Fox with conspiring to commit bribery, in a count tied his role as a lobbyist for United Airlines and the case against…”

Source: Fox charged with conspiring to commit bribery as Samson pleads guilty over ‘Chairman’s Flight’ | NJBIZ

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Posted in Corruption, Crony capitalism, Free markets, New Jersey, Political parties, Politicians, Politics, Privatization

La dolce vita in big trouble

13 Jul

Economics professor Joe Salerno explains the Italian mess.

“As several articles over the past few days have indicated (here, here,…”

Source: Italy on the Brink | Mises Wire

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Posted in Banks, Central banks, Corruption, European Union, Free markets, Politicians, Politics, Welfare state

This would have been Ron Paul’s year

12 Jul

Timing is everything in politics. Ron would get at least 20% of the vote in November if he were the Libertarian Party nominee.

“The last time people were this dissatisfied with presidential candidates, Ross Perot became a third-party success story. This year, however, there are new hurdles for outsiders.”

Source: Americans Really Dislike Trump, Clinton. So Why Aren’t Third Parties Doing Better?