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.
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.
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 […]
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.
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 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.
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 […]
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.
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. […]
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.
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.
Can you imagine losing $119 billion in a single day? That might sound like an impossible amount of money to lose in any amount of time, but in the high-stakes world of startups, it really can happen in a day. And whenever there’s a “loser” in a zero-sum situation like this, there’s also a “winner.” The difference between the two? Vision.
This technology is not simply for modeling and prototyping, either. TV personality Jay Leno uses a 3-D printer to make custom and hard-to-find parts from scratch for his collection of classic cars. Entrepreneurs have been using these printers in a myriad of ways, and the trend is speeding up.
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, […]
What positive steps can we take? The energy that is now expended by well intentioned, freedom-seeking individuals on the destructive course of politics can be turned into powerful steps that will have a positive effect on the future. All are moral, right and just. None require aggressing. Consider the following...
The first principle in dealing with government is: Don't be awed by it. What little the government achieves is almost always due to the voluntary participation of its citizens. Those who don't want to help the government can go their own ways without running into much trouble.
A day after Uncle Sam sues S & P for fraud in rating collateral debt obligations too high, Representative Jeb Hensarling served up that tasty sound bite, followed by, “Arguably the FHA has now become the largest subprime lender all with the blessings of the administration.”
A creation of FDR’s New Deal, the FHA insures loans with tiny down payments, high loan to values, and low credit scores. “Because of that insurance, lenders can — and do — offer FHA loans at attractive interest rates and with less stringent and more flexible qualification requirements.”
The FHA now insures over a trillion dollars in loans. Since the housing crash, the FHA has taken a licking and is about to go on the government dole. Bloomberg reports,
President Barack Obama’s 2013-2014 budget is expected to reflect that FHA will require a Treasury subsidy for the first time since it was founded in the 1930s, largely due to defaults on loans it insured as the housing market crashed. The FHA could fall as much as $16.3 billion short of the cash it is required to keep on hand to cover all projected future losses, according to an independent actuary.
Those in Washington say they want the government to back away from housing. Except Washington has been pushing housing since before the Great Depression. And besides, FHA, Fannie and Freddie own or guarantee more than 90 percent of home loans. Government will never get out of this business.
When things go bad, the FHA gets hammered on its loans as I pointed out recently,
To sit on foreclosures is expensive. After FHA acquires a delinquent mortgage from the servicer, it pays for upkeep and marketing to the tune of $28.78 per day per house. Depending upon whom you believe, FHA is losing 63-71 cents on every foreclosure. Selling the delinquent loans seems to make sense. Especially in Florida, where the loans they auctioned were an average of 1,114 days delinquent.
The House Financial Services Committee is holding hearings concerning the role of the FHA, and the idea of shrinking the government mortgage insurer’s market share and improving its bottom line. They are fiddling while Rome burns.