The welfare state is a problem in America, there’s no question about it. When you have a country were nearly 49 million people are dependent on food stamps as of this writing, that is a problem. We libertarians as well as conservatives lament the growing welfare state because of what it is doing to the […]
There is so much economic ignorance/stupidity in this video (below), I wouldn’t even know where to begin. John Maynard Keynes himself would probably be embarrassed by this video courtesy of the California* Federation of Teachers and narrated by the great economist of our time Ed Asner. I don’t have much else to say about this […]
Barack Obama’s Record of Suck Four years ago, Barack Obama was elected the 44th President of the United States. He promised hope n’ change from the failed policies of George W. Bush. His policies were going to lower the debt, reduce unemployment to around 5%, become the “most transparent administration in U.S. history,” close Guantanamo […]
“Government is a broker in pillage, and every election is a sort of advance auction in stolen goods.” – H.L. Mencken I don’t know about you but I’m very eager for this Auction Day to be over with.
Atlas Shrugged Part II is opening this weekend. Want to check it out? Follow this link to find a theater near you. And now, the official Atlas Shrugged Part II trailer:
Ezra Klein’s believes that it’s a horrible thing that the big, dumb spending cuts that nobody wants might actually happen: The initial idea was that if the supercommittee failed, there would be automatic spending cuts and automatic tax increases. This way, both parties would have an incentive to reach a deal. But Republicans refused the […]
Those who support the establishment of the Republican Party tend to be irritated that Ron Paul’s supporters kept trying to put his name up for nomination against Mitt Romney at the convention in Tampa even though Paul had no realistic chance of winning. Even very early in the campaign, establishment whores such as Hugh Hewitt […]
Like many people, I found the idea that athletes for Team USA receiving a tax bill for any prize money that goes along with a gold, silver, and bronze medal an outrage. These athletes worked very hard to get where they are. They made sacrifices. They spent many hours getting their bodies in shape so […]
By now, everyone has heard Barack Obama’s “you didn’t build that” line: If you were successful, somebody along the line gave you some help. There was a great teacher somewhere in your life. Somebody helped to create this unbelievable American system that we have that allowed you to thrive. Somebody invested in roads and bridges. […]
“If a mandate was the solution, we could try that to solve homelessness by mandating everybody buy a house. The reason they don’t have a house is they don’t have the money.” – Sen. Barack Obama during the 2008 Democrat Primary. A long, long, time ago, way back during the 2008 primaries, then Sen. Barack […]
Over at Red State, Erick Ericson theorizes that Chief Justice John Roberts joined the majority opinion as a way to put ObamaCare back into the hands of the political branches to decide the law’s fate: The Democrats have been saying for a while that individual pieces of Obamacare are quite popular. With John Roberts’ opinion, […]
As Quincy notes below, the Supreme Court upheld the Constitutionality of the Affordable Care Act today by relying upon an argument that most people had not been paying attention to: WASHINGTON — The Supreme Court on Thursday left standing the basic provisions of the health care overhaul, ruling that the government may use its taxation […]
On August 14, 1990, Milton Friedman gave a speech at the International Society for Individual Liberty’s 5th World Libertarian Conference on the subject of libertarianism and humility. There are many adjectives which can be ascribed to libertarians but “humble” usually isn’t one of them. Among the quotable parts of the speech, Friedman said the following: […]
There are plenty of folks saying today that while California might be — on its own — in the top 10 largest economies in the world, our political system far more closely resembles that of Greece. High spending and an inability to live within our means despite some of the highest taxes in the nation. […]
While I’m sympathetic and agree with some of Occupy Wall Street’s grievances, too many of their solutions are fatally flawed. Louis DeBroux over at United Liberty has written some grade A quality snark concerning OWS’s demands for economic equality. DeBroux says he had an epiphany while watching some of the ESPN coverage concerning the NBA […]
Part 1 Part 2 The challenge of creating an economically sound, simpler, and more just tax code, be it the existing code, 9-9-9, a flat tax, or a sales tax will remain an impossibility if tax revenues is the only focus of any reform. The problem that dwarfs any notion of how tax policy is […]
Part 1 Is an economically sound, simpler, and more just tax code even possible? The truth of the matter is that there are too many people on the Left and the Right who do not want a simpler tax code that treats everyone equally. It’s probably not because the defenders of the existing system necessarily […]
Here’s a very fascinating video taken at New York’s Zuccotti Park where Peter Schiff has a dialogue with some of the Occupy Wall Street protesters. Schiff brought a sign that read “I Am the 1% Let’s Talk,” and talk they did. One of the things that occurred to me watching this was how little true […]
If there is one positive thing Herman Cain has contributed to the national debate it would be this renewed discussion about tax reform. While I am skeptical of some of the specifics of his 9-9-9 plan, if nothing else, Cain has forced the other candidates to come out with proposals of their own. Gov. Rick […]
LAS VEGAS – Republican presidential candidate Rep. Ron Paul unveiled his economic “Plan to Restore America” in Las Vegas Monday afternoon, calling for a lower corporate tax rate, a cut in spending by $1 trillion during his first year in office and the elimination of five cabinet-level agencies.” […] Paul does get specific when he […]