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. …
Federal prosecutors had asserted that the coins never circulated when the country went off the gold standard. Most of the batch was instead melted down.But Joan Langbord, the daughter of a Philadelphia jeweler, said she found the 10 coins in her father’s bank deposit bank after he died. via Heirs Lose Fight Over Rare Gold …
A new promotional video released by the Department of Homeland Security characterizes white middle class Americans as the most likely terrorists, as Big Sis continues its relentless drive to cement the myth that mad bombers are hiding around every corner, when in reality Americans are just as likely to be killed by lightning strikes or …
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 …
An Austrian atheist has won the right to be shown on his driving-licence photo wearing a pasta strainer as “religious headgear”. Niko Alm first applied for the licence three years ago after reading that headgear was allowed in official pictures only for confessional reasons. Mr Alm said the sieve was a requirement of his religion, …
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 …
The only way for conservatives to protect themselves from government is to be libertarians. And no, that’s not contradictory. If the government can regulate victimless behavior, what behavior it regulates is just a matter of who’s in power. One of the distinctions of conservatives is their emphasis on morality. This is commendable, and even necessary …
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 …
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