Economics

Use of the gold standard is a controversial topic. Proponents insist that it would limit inflation as well as government oppression and overreach. They say that the currency that we use should be tied to and be able to be exchanged for something physical which has intrinsic value. In 1966 Alan Greenspan, who later became a long-term Chairman of the Federal Reserve, wrote … [Read more...] about What about the Gold Standard?

Let’s just start right in on the obvious: First of all, taxes are necessary in a well organized society. Capitalism – yes, the “free market” capitalism that so many freedom lovers love to promote – requires a certain amount of taxation to pay at least for a court system to adjudicate both torts and commercial disputes and infractions of the various regulations that are … [Read more...] about The Percent Wealth Tax Heist

I recently saw an advertisement being passed around FaceBook regarding a supposed “Fair Tax.” It is a proposed simplified tax on sales that would replace both the personal and corporate income tax and (supposedly) eliminate the Federal Internal Revenue Service. I’m not sure how widely it’s been publicized, but it’s apparently been debated in Congressional committee discussions … [Read more...] about The so-called “Fair Tax”

The term is absurd. Okay, at this point, I’d like to invite anyone who wishes to do so to quote the title of this article and perhaps a few select lines from it out of context and claim that this entire site is a “shill for the mega wealthy” or promoting “the evils of capitalism” or is perhaps even “racist.” Go ahead. What you will say will make no sense considering the … [Read more...] about There is no “Poverty Line”

When someone who grew up in the Soviet Union tells you that your country is doing Socialism wrong, you know you’ve got problems. My friend and I would go out to lunch sometimes – just the two of us – so we could get away from the office to someplace where we could talk about the socially forbidden subjects of politics and religion by ourselves. I would tease her about being … [Read more...] about A Proper Welfare System