Too many people think that long-term care planning is just a decision about whether to purchase long-term care insurance. However, long-term care planning is so much more. It is a discussion about how you will fund this expense, where you will receive long-term care, and who will provide the care.
Ask a D.C. insider what’s the best way to solve the debt crisis. Nine times out of ten, they’ll recommend taking on more debt. That’s how things operate in the Potomac swamp. Up is down, right is left, digging yourself into more debt is the best way to get out of it. But it wasn’t always like this. In fact, there used to be common sense when it came to the economy. So where did it all go wrong?
The Heartbleed bug is a massive security flaw that could put you and your personal information at risk. And while there are things you can do to limit the damage and protect yourself, you haven’t yet seen the ramifications of this security disaster. The Internet in the post-Heartbleed world won’t look like anything you’ve seen before.
Politicians talk about the uninsured. Special interests argue on behalf of those with pre-existing conditions. But why is no one wondering how doctors are affected by the new law? They’re the ones on the frontlines dealing directly with new patients, as well as the red tape that makes bureaucracies go round.
Politicians proclaim the benefits of small business while on the campaign trail. But when they meet in the seedy halls of Congress, they have no problem doing whatever they can to stifle, regulate, and subdue their progress. Instead of siding with entrepreneurs, these politicians often side with political allies and cronies that helped put them into office.
Here we sit Tuesday, thanking the heavens above that we live in the greatest country in the world. Allow us to count the ways. We discovered this morning that an estimated 810,000 previously uninsured Americans now have the good fortune of paying the U.S. Treasury for health insurance. That’s a full 1.7% of America’s 48.6 […]
Just because you’re retired doesn’t mean you have to stop working. Especially now that you have all the time in the world to do what you really want. Entrepreneurs don’t only come out of Silicon Valley. They come from all walks of life, from all different ages. If you’re retired and want to stay active while you relax, then find out the steps you need to take in order to start, manage, and grow your next small business.
Every year millions of Americans wait until the last minute to prepare and file their taxes. Regardless of whether you’re one of these people, there are still things you need to be aware of before you send those forms in.
Technology brought the world together. But has it gone too far? Decades ago, mail was delivered by hand. Now it’s delivered in seconds. How has that changed the way you live your life? How has it changed the way people act with each other? These are just some of the questions we need to ask.
Austrian economics does more than tell you what happens when the government disturbs market forces. In the hands of knowledgeable investors and entrepreneurs, it can tell you exactly what to expect from the market. Market behavior depends on how people behave. And how people behave is central to the Austrian perspective.
Protect Yourself from Tax-Time Scams and Other Tax Pitfalls. Getting caught up in a tax scam can occur at any time of year. But your chances of getting scammed peak during that jolly season when you dutifully file your taxes. This is why, leading up to April 15, the IRS releases a list of the […]
The U.S. dollar has been the world's reserve currency for almost a century, and already there are signs it may be in decline. But that doesn't mean it's not still valuable. On the contrary... As Chris Mayer explains, there are many reasons the U.S. dollar will remain relevant on the world stage for years to come. Read on...
Gun control isn’t a modern idea. The rise of gun control laws and limits on your 2nd Amendment freedom go hand in hand with the increase in the size and scope of government. Politicians want you to think the only people who can keep you safe are government forces. But as one renown libertarian economist and thinker will show you, their misguided laws do nothing but take away your freedoms and leave you less safe.
The government will do whatever it takes to make sure it has enough of your money to fund itself. On the surface you might think that means enduring a grueling audit. But the IRS and the government is more than willing to ignore your privacy in the cold relentless pursuit of the money they think they deserve. As they get bigger and bigger every year, the smaller and smaller your paycheck becomes as they leach off it.
World War II might have dragged the country out of the Great Depression, but it did so at a great price. Central planning took center stage, and politicans and bureaucrats suddenly knew what was best for America, the economy, and your life. On top of that, they replaced the free market with a new economic system… Creditism.
Three Opportunities to Make Double-Digit Yields or 5, 10, or even 100 Times Your Investment! By now you have probably heard of crowdfunding. It’s a new, innovative way for artists and entrepreneurs to raise money online from a crowd of ordinary individuals. You make a monetary contribution to their project, and depending on how much […]
The Congressional Budget Office said the government needed to reach 7 million people by the end of March. They claim to have reached the goal and now the debate about Obamacare is over. But what does this milestone really mean in the ongoing healthcare discussion? And more importantly, how will it affect reforms going forward?
If you’re good at something should you be penalized so others have a chance at success? Should award winning actors and actresses be barred from future Oscar ceremonies to give other men and women the chance to succeed? Success should always be rewarded and encouraged. But what happens when you have a government that wants to even the playing field and take away the spoils of success. Gregory Bresiger finds out...
In an effort to cut costs and keep track of patients' records, governments could institute a medical guideline cookbook. Bureaucrats might think they have the best of intentions in mind, but these new rules would drag down the medical process and destroy whatever quality is left in our current system.
The best way to explain how to choose a good password is to explain how they're broken.
Gasoline prices have held fairly steady over the past three years, but the potential for a spring-summer price spike always exists. It wouldn’t take much for prices to lift back to the 2008 highs that caused near panic among motorists. GasBuddy.com offers a mobile app that displays price data for the gas stations nearest you. […]
Practical people often pooh-pooh fiction reading as a time wasting dalliance, dominated by a Marxist coloring of the world. However, fiction readers were given a scientific reason recently for spending hours absorbing fanciful figments of someone’s imagination.
Argentina is suffering the ravages of government debasement of the currency -- i.e., inflation, the process by which government pays for its ever-increasing debts and bills by simply printing more paper currency. The expanded money supply results in a lower value of everyone’s money, which is reflected in the rising prices of the things that money buys.
When government expansion is allowed to continue unabated or when it casts a heavy regulatory shadow on America’s entrepreneurial spirit, the freedoms that we’ve come to know, and perhaps take for granted, slowly begin to slip away.
Its acceptance is as widespread as its justification is important, for it provides the rationale for the Federal Reserve’s unprecedented monetary expansion since 2008. While critics may dispute the wealth effect’s magnitude, few have challenged its conceptual soundness. Such is the purpose of this article. The wealth effect is but a mantra without merit.
Baron Rothschild, the famous French financier, was once heard to say that he knew of only two men who really understood money -- an obscure clerk in the Bank of France and one of the directors of the Bank of England. “Unfortunately,” he added, “they disagree.”
The saga of All Saints could soon be coming to a community near you. Thanks partly to the scandal surrounding the IRS’ targeting of conservative groups, the agency has proposed a new set of rules for a huge number of social-welfare groups that claim tax exemption under Section 501(c)4 of the tax code.
The new reality of Obamacare’s tax credits has left finance reporters to pen articles warning readers to “take care” when considering a tax credit and providing strategies for how best to “protect yourself.” So what do finance reporters know that the White House doesn’t?
Nihilo ex nihilo fit. Out of nothing, nothing comes. First put forward by ancient Greek philosopher Parmenides in the fifth century B.C., Thomas Aquinas and St. Augustine later used this axiom to prove that the universe needed a “first mover” to get things going. Even if the whole thing began with some kind of “Big Bang” moment, it still needed a banger to bang it. Who? God, of course.
When you eat or drink something sweet, your body and your brain immediately want more. It’s like a drug, really. But in my book, artificial sweeteners are worse than plain table sugar. Far worse. They lull you into thinking you’re doing something smart and healthy by avoiding extra calories. But it’s all a mind game, […]
As full implementation of the Affordable Care Act (ACA) approaches, every doctor, research professional, and health administrator I talk to tells me the same thing: Obamacare is going to reduce the quality of care and cost you more… in some cases, a lot more.
Economic theories don’t lend themselves to laboratory testing, so the work of a national appraisal firm is especially enlightening. A new study lends support to the Austrian business cycle theory, which says that the less government is involved, the faster a market will recover.
Americans used to be resilient. Little things didn’t get them down. What didn’t kill Americans used to make them stronger. Now if one’s feeling a little blue, it’s off to psychiatrist who prescribes one of a myriad of medications and all is well, or at least, calm. Therapism for one and all. The psychiatric industry is turning America into a bunch of whiny, self-absorbed wussies.
One in ten Americans is taking medication for psychiatric disorders.
What happened? Whose fault is this? Forget Freud, according to Christina Hoff Sommers and Sally Satel, M.D., Abraham Maslow and Carl Rogers are at fault. In their book One Nation Under Therapy: How the Helping Culture Is Eroding Self-Reliance, they point out that Freudian psychoanalysis is just too time consuming and expensive. That’s for the rich and famous. To pull the middle class into the psychiatric treatment tent, there must be another way.
Of course 15 minute sessions and trips to the pharmacy for prozac, paxil, and who-knows-what-all turns psychiatry into a growth business. And everyone is a potential client as we are all trying to achieve the pinnacle of Maslow’s ‘hierarchy of needs’ pyramid. A person requires high self-esteem to achieve maximum creative and moral development. So it is the authors’ view that Maslow and Rogers (the “Father of Self Esteem”) influenced an entire generation into believing that success in life begins with self esteem, when it’s the other way around.
Having used Maslow’s hierarchy as a framework to illustrate why the worst get to the top in politics, I have a bit more sympathy for Maslow than Hoff Summers and Dr. Satel have. But even they admit he was a “thoroughly decent man and a cultivated, imaginative, and serious thinker.” The problem is that Maslow devotees have applied his theories in ways he regretted.
The book’s high point questions “Emotional Correctness” in chapter four. Individuals deal with loss and tragedy differently, but the psychiatric industry, like the government, seeks to force itself into people’s lives when any opportunity presents itself. Obama ex-chief of staff and Chicago mayor Rahm Emanuel famously said, “Never let a good crisis go to waste,” and the grief industry springs action to throw a warm blanket around those who are mentally suffering, whether its those who lived through the Columbine High School shootings, or employees who’ve taken a beating in their 401ks.
“The commodification of grief also proceeds apace,” the author write. “There are ‘healing puppets,’ chat rooms, bereavement books, workshops, and certification programs. It is through such programs that the grief industry perpetuates itself.”
But studies show that not everyone grieves the same and that it is not “professional” counselors that provide the best support for grievers but family, friends and colleagues.
So it will be following the Connecticut school shootings.
In the wake of 9/11, nine thousand counselors raced into lower Manhattan, advocating, “intervention for any person even remotely connected to the tragedy.” One magazine called it the “National Guard of Therapists.” One New York psychiatrist believed the 9/11 attack would result in “huge increases in the prevalence of traumatic grief, depression, post-traumatic stress disorder, and substance abuse in the New York City metropolitan area at the least…[the] psychiatric toll will be enormous.”
But it didn’t work out that way as Hoff Sommers and Satel point out. Not only wasn’t there widespread psychiatric armageddon, some people used the tragedy as a catalyst for bigger and better things: “post-traumatic growth may actually be the more common outcome,” write psychologists Richard Tedeschi and Lawrence Calhoun.
When one reads that 18 veterans commit suicide each day and that more soldiers who served in Iraq and Afghanistan killed themselves than were killed by enemy fire, you start taking Post Traumatic Stress Disorder (PTSD) seriously. The numbers appear to be irrefutable and provide more damning evidence that America’s policing of the world must stop.
But Satel and Hoff Sommers seem to lack a caring bedside manner for vets. They see PTSD as a political issue. Plenty of lobbying was done to make it an official mental disorder in 1980. And its wasn’t just for veterans. Football players, battered wives, and abused children could suffer from PSTD.
Most people get over their bad memories and should be encouraged to forget, not talk, talk, talk, in what the authors call the PSTD echo chamber. Yes, sometimes memories linger; “But this happens in a minority of victims; most people are not clinically traumatized by extreme events,” write Hoff Sommers and Satel.
The authors go as far as to contend that veterans “coveted the PSTD diagnosis. It bolstered their image as wounded warriors, helped them make sense of failures, and allowed them to attach meaning to pervasive feelings of demoralization, apathy, or irritability.”
The authors don’t mince words. The PSTD diagnosis has created perverse incentives. “It is an open secret that some veterans seeking ‘total and permanent’ disability payment for PSTD are not as sick as they claim to be.”
They don’t mention the outbreak of veteran suicides.
Plenty of depressed Americans have done great things. There would be no “The Tell-Tale Heart” or “The Raven” if Edgar Allan Poe had been on Prozac. The list of famous, accomplished, depressed people is too long to even mention. Numbing drugs would likely kill their creativity.
The authors say, using Don Imus’s words, that Americans need to “cowboy up.” Therapism can’t replace ethics, religion, and the support of family, friends, and community. Psychic pain is not a pathology that must be cured.
If your doctor is quick to want to medicate your or a loved one, and you’re not sure; or especially if the local school district wants to medicate your son for merely acting like a boy, this is a book for you to read. You are not crazy and you’re not alone.