Archive | Economics

State Protection of Monopolies

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 […]

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It's the Debt, Stupid

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 […]

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Monsanto Isn't The Problem — The Government Is

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 […]

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Child Labor Laws Don't Help Children

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 […]

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Oh No, We're In Debt, So Let's Borrow More!

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 […]

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The New York "Stupid Tax"

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 […]

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FED Head: ‘Gold Isn’t Money’

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 […]

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FED Driving Us Into The Ditch

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 […]

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Medicare, Social Security Funds Expiring Sooner, U.S. Says – Businessweek

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 […]

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The Foundational Economic Myth of Our Era: Government Cured the Great Depression

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 […]

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The Myth of Social Security

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 […]

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