The article below by David Brooks provides a strong rebuttal of the idea that an elite is preying on the rest of America today. It uses a book by highly respected scholar Charles Murray to suggest that the top 20%...
It’s hard to see how the European welfare state, which is a ponzi scheme to begin with can exist in the 21st century if the below trends continue. Someone has to pay taxes to keep the generous healthcare and retirement...
Tossing aside the fact that the US housing market is hopelessly (nearly?) manipulated by the government, one can say for sure that it shouldn’t be manipulated to pad Freddie Mac’s portfolio.
Well, cats are hanging out with dogs, cows are giving kerosene, and the mainstream financial press is writing positive articles about a gold standard.
This until recently was the official food recomendation graphic from the US government. Contrast the above recomendations with what you see in this infographic from MassiveHealth.com
We have written about this before. For all the praise heaped on the Chinese economic model and the miracle of it’s “planned growth” (as recently as last week in Davos) the truth is it is the ultimate crony capitalist economy.
Breitbart reports that this June 5th has been designated by some neo-socialists as a day of global strike against “capitalism.”
In an earlier story, we spoke of the dangers of federalizing ( in electronic form) school records, the same records that parents are not even allowed to see. This crazy story of charging a 6 year old boy with sexual...
(From CNet.com) “This bill represents a radical violation of privacy and opens the door to rampant Fourth Amendment violations,” says Daniel Leuck, chief executive of Honolulu-based software design boutique Ikayzo, who submitted testimony opposing the bill. He adds: “Even forcing...
More wealth transfer from the middle class to the centers of power. Santelli, as usual is right on it.
Ener1, an electric car battery company capitalized with taxpayer funded government grants, files for bankruptcy.
The current ambassador to the US from the Holy See, Archbishop Carlo Maria Vigano used to run the day to day infrastructure of Vatican City. When he took over in 2009 he found widespread abuse of the City’s contracting procedures....
In an piece today in the FT Alan Greenspan wrote; “Crony capitalism abounds when government leaders, usually in exchange for political support, routinely bestow favors on private-sector individuals or businesses. That is not capitalism. It is called corruption.” The arbitrary...
The story below merely says that the Fed is now promising to keep its interest rates at minimal rates through 2014. But let’s translate. The Fed rate is below the rate of reported inflation. Moreover the rate of reported inflation...
