The Fiscal Cliff hysteria is a distraction designed to protect and extend the power of out-of-control government over our lives.
From The Truth About Liberty: How the Tea Party Can Save America You were probably taught that the only thing that stands between you and gigantic monopolies is a benevolent government. Like a lot of things taught in government schools, the exact opposite is true; monopolies only exist when the state grants a business a […]
SACRAMENTO – Restaurant owner Gary Honeycutt says a push in California’s Legislature to ban the plastic foam containers he uses to serve up takeout meals could cost him thousands of dollars in an industry where profit margins are razor thin. via Calif. could be first state to ban foam containers – Boston.com. TAL Commentary: If […]
Switzerland, the nation that hasn’t gone to war with a foreign power since Napoleon, is reluctantly debating a generational taboo: ceding monetary independence to win a battle over its runaway currency. Swiss National Bank Vice President Thomas Jordan said the central bank is assessing “a whole range of options” to prevent the franc, which reached […]
Oh, Monsanto, you sly dog.You keep trying to make us believe you are “committed to sustainable agriculture” with your canny advertisments on American Public Media, even as you force-feed farmers your lab-grown Frankenseeds that expire every year which are, let’s be honest, opposite of sustainable. Read the rest of the article via Monsanto’s 5 Most […]
Nearly two years after ABC News cameras uncovered young children toiling away in Michigan’s blueberry fields, federal investigators have found yet another disturbing example of illegal use of child labor in the berry industry. Three southwest Washington strawberry growers were fined $73,000 last week after the U.S. Department of Labor found children between the ages […]
Here’s a great interview of Steve Wynn. He discusses the stupidity of government policy and the destructive national debt. Also, he has the simplest explanation for how and why Obamacare will fail.
The debate on whether to raise the debt ceiling serves as reminder of what happens when you let the government own something. If you want to maximize the value and productivity of something, watch a capitalist put it to work. If you want to see something wasted and even destroyed, let the government have it. […]
A bipartisan group of U.S. senators on Tuesday revived an ambitious budget plan that could provide new ideas for breaking the impasse in Congress over raising the nation’s credit limit by August 2. President Barack Obama threw his support behind the proposal by the “Gang of Six” senators, saying it was broadly consistent with his […]
It’s a new one in the annals of city government. The cash-strapped Bloomberg administration has mounted a “sting operation” against city beekeepers — ticketing a Douglaston man an unbelievable $2,000 for not watering his beehive. “It’s outrageous. It’s difficult to understand how this could happen,” Tip Sempliner said. And here’s why: there is a beehive […]
Chairman Ben Bernanke faced-off with Fed-hating Representative Ron Paul during his monetary policy report to Congress on Wednesday. The head of the Fed was forced to respond to accusations of enriching already rich corporations while failing to help Main Street, while he was pushed on his views on gold. “Gold isn’t money,” Bernanke said. (See […]
Federal Reserve Chairman Ben Bernanke told Congress Wednesday that a new stimulus program is in the works that will entail additional asset purchases, the clearest indication yet that the central bank is contemplating another round of monetary easing. Bernanke said in prepared remarks that the economy is growing more slowly than expected, and should that […]
Don’t worry about all the scary things you hear; defaulting on the national debt (a) won’t happen, and (b) is the best thing that could happen to us not-in-the-ruling-class people anyway. The Ruling Class wants to raise the debt limit not because a default is likely and will cause economic havoc, not because we won’t […]
Medicare, Social Security Funds Expiring Sooner, U.S. Says – Businessweek. TAL Commentary: The difference between Bernie Madoff and the US Government is that Madoff is in prison, and that social security is a much bigger Ponzi scheme than he ever perpetrated. None of the politicians are dealing with the fundamental immorality of the whole thing […]
Dallas keeps $2,000 found by honest teen | wfaa.com Dallas – Fort Worth. DALLAS — Dallas will keep $2,000 found by a teenager in a parking lot last February. The money will go into the city’s general fund — not back to Plano high school student Ashley Donaldson, who found the cash in an […]
The Foundational Economic Myth of Our Era: Government Cured the Great Depression. May 6, 2011 Economist Thomas Sowell recently challenged the Great Myth of FDR and the Great Depression. No economic downturn in all those years ever lasted as long as the Great Depression of the 1930s, when both the Federal Reserve and the administrations […]
There is no Social Security. First in the sense that the money paid into the Social Security/Medicare/Medicaid (which I’ll call “social security” for short) system isn’t there — it has been spent. Second, there is no social security in the sense that even if you collect your benefits, it doesn’t provide “social security.” It’s just […]
Government debt confiscates your wealth just as effectively as taxation does, and your children are going to pay for it, unless you stop it.
Our whole monetary system begins with a magic ledger that creates money out of thin air. One day you or your children will be glad you prepared for economic meltdown.
Fiat money systems (like ours in the USA) are the antithesis of capitalism because they make the value of money subject to the whim of government
Paper money (not based in gold or silver) is the surest means of overturning a society based on private-sector entrepreneurship. According to Lenin, it is “the best way to destroy the capitalist system.”