The state of our union is broke, indebted, languishing in economic malaise with no end in sight, and on the verge of full-blown economic catastrophe...
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The state of our union is broke, indebted, languishing in economic malaise with no end in sight, and on the verge of full-blown economic catastrophe...
Read more »Land banks are government entities that buy, sell and demolish real estate properties. Bernanke is encouraging the creation of Federal Land Bank, which could make the Federal Government the landlord of many renters.
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According to the 18th annual Index of Economic Freedom, released Thursday morning by the Heritage Foundation and the Wall Street Journal, ... America has slid from No. 9 in 2011 to tenth place today. Indeed, this is the fourth consecutive year in which the U.S. fell a notch. Out of a perfect score of 100, America declined 1.5 points to 76.3. Denmark, No. 11, scored 76.2.
Read more »Up and coming investment guru, Kyle Bass recently disclosed a conversation he had with a senior Obama administration official. The official admitted the government’s economic strategy was to “kill the dollar” which Bass called “a dead answer.”
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Graphic Charts of Crony Capitalism Being Alive and Well in Fascist America
Here are Venn diagrams of the big government/big business partnership that is ruining running the United States. They were created by Stephanie Herman. I will of course lead off with the granddaddy of all big government/big business partnerships, General Electric.
Read more »Krugman - in - Wonderland
Analysis and criticism of America's most prominent public intellectual and champion of Keynesian economics. I am part of the Austrian School of Economics, and I critique Krugman's writings from that perspective.
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Remy sings about the departure of our old friend the incandescent light bulb and the free market
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Can Bitcoin Survive? Is It Legal?
Bitcoin – the online currency used to buy Alpaca wool socks and illegal drugs whose value dropped from $17.50 to “pennies” after a June 19 hack into its currency exchanger, Mt.Gox –has gotten plenty of media attention. But unless consumers and merchants can be persuaded that adopting it will make them better off, it’s likely to go the way of other online currencies.
Read more »There are many businesses out there right now willing to trade all kinds of services and goods for bitcoin, but this is just the beginning! Many entrepreneurs are only now starting to learn about bitcoin. Almost everyday a new bitcoin businesses is lunched, some of them totally unique, and some of them a competitor to existing bitcoin businesses...
Lets talk about:
- Which ones can be trusted
- Which ones to avoid
- Local (Real World) businesses
- Seek peek, of the big time bitcoin businesses under development right now.

The central Minnesota town of Foley tried having its own police department and contracting with the county sheriff's department for law enforcement.
Now, in an effort to save money, the city with a population of 2,600 is making a controversial move few others have done: Starting in January, it plans to employ a private security company to patrol its streets.
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An excellent article from Reason magazine about a large, prospering city in China supported entirely by the black market.
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L. Niel Smith still doesn't get the fact that there is no P in IP
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Capitol Hemp store raided in D.C. What is your opinion? Read more here:
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Ohio sees sharp drop in number of millionaires. 3,360 gone.
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heated exchange between Peter Schiff and Occupy Wallstreeters. Very insightful as to the thought processes of those involved. Even if you don't vote this up, you should watch it for sure. But please vote it up so Ian and Mark can pontificate....
Read more »"The Vatican called on Monday for the establishment of a “global public authority” and a “central world bank” to rule over financial institutions that have become outdated and often ineffective in dealing fairly with crises."
Read more »The big objection to corporations is usually limited liability for shareholders. Now first let me mention that many non-attorney critics of this notion seem confused about what it means (and many attorneys also misapprehend it). They think the doctrine insulates a tortfeasor from liability even if he was negligent, so long as he is a shareholder. Or that the doctrine exempts managers and officers of the corporation from liability for torts of others. They are wrong.
Read more »In every instance, I side with the People on the street, even when unpopular, against the seemingly obvious shared enemy: any and all authority backed by force.
But when an enemy goes unidentified or more authority is offered as an answer, I'm out. And at this point, I have a few thoughts to share.
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