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.
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.
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.
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.
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.
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.
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.
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 Affordable Care Act creates a new health insurance marketplace (the exchange). But because of the great uncertainty about what buyers will enter the market and who will buy what product, the law creates three vehicles to reduce insurance company risk.
Politicians and bureaucrats are notorious for manufacturing euphemisms -- clever but deceptive substitutes for what they really mean but don’t want to admit. That’s how the phrase “revenue enhancement” entered the vocabulary. Some of our courageous friends in government couldn’t bring themselves to say “tax hike.”
“It is difficult to make predictions, especially about the future,” says a proverb often attributed to Yogi Berra. Imagine the world of freedom, or lack of it. Who could foresee the technologies that make our lives so rewarding and convenient? The same technologies have us all under the government’s giant microscope. Thankfully, the brave have turned the microscope around.
In the months since Edward Snowden revealed the nature and extent of the spying that the National Security Agency (NSA) has been perpetrating upon Americans and foreigners, some of the NSA's most troublesome behavior has not been a part of the public debate.
National Treasury Union President Colleen M. Kelly recently described the 2014 IRS budget allocation as “woefully inadequate.” But the agency has not proven itself to be an efficient steward of taxpayer dollars. Here are ten ways the IRS lost the trust of the American people.
It’s easy to be negative about the U.S. economy these days. Find a glint of silver, and folks come running to point out all of the dark clouds looming about. This, of course, is what we got last week when the monthly jobs report was released from the U.S. Department of Labor (DOL). Folks pooh-poohed the number of jobs and whining that they’re not enough or that it’s less than a bunch of economists thought that it might be. But you know what? Stuff ’em.
Given how poorly states like California and Illinois have funded the pension funds for their own employees, one would think that this would stop dead in its tracks any plan to have the government assist in managing private sector funds too. The spate of recent activity, however, suggests otherwise.
Facts are easy. You can check facts. What supporters of the Affordable Care Act are doing, on the other hand, transcends factual bungling. It’s far more advanced: a warping of reality so debauched it looks like something out of a tale by H.P. Lovecraft.
The problem for NSA apologist is that when guys like Snowden disclose that the government conducts comprehensive surveillance in ways that would have made 1984’s O’Brien drool, it puts the entire progressive agenda in jeopardy.
The east coast and parts of the southern U.S. were to varying degrees paralyzed by blizzards a few weeks ago. The snow as expected rendered the roads treacherous, and in anticipation of slick streets, shoppers flocked to the grocery stores in advance.The rush into grocery stores, and its aftermath, offers worthwhile lessons in economics.First up, […]
The Silk Road was an undercover website where you could buy or sell illegal goods — drugs mainly. I believe passports were changing hands for about $6,000, and I understand weapons were also sold, but that was ceased in response to the spate of shootings in the U.S. over the summer. The essence of the site was narcotics.
My view is that drug laws stink. They are both damaging and dumb. People have always wanted to “get out of it,” as we say in the U.K., and they always will. The desire to do so is normal and natural. Making drugs illegal has not stopped them — if anything, it has had the opposite effect and made drugs more glamorous.
But by illegalizing drugs, the government drives this practice underground and into the hands of criminals, where it becomes dangerous. Far better to have it out in the open, where it can be done safely.
Sure, drugs are dangerous, but the same could be said for water if it were sold by criminals. The danger with drugs is less the drugs themselves and more the impurities they are mixed with, the lack of transparency around dosages, and the world that surrounds them. In our governments’ great war on drugs, our children have been caught in the crossfire.
Right, rant over.
I should say, like Prime Minister David Cameron, I may have erred while at university. But now, at age 44, my need for any of the goods offered on Silk Road was pretty much zero. But that didn’t stop my curiosity, and when I first found out about the site a few months back, I went online to take a look.
Here was a site not unlike Amazon, Craigslist or eBay, but without the frills, bells and whistles. You typed in what you were looking for — 95% of the products I’d never even heard of, that’s how out of touch I am — and up came the various merchants selling said item and in various quantities.
Like eBay, both buyers and sellers had feedback ratings based on their past trades next to their account names. This meant you could tell if someone was a good or bad trader and you could vet them.
Whatever you may think about drug laws, the site worked. People were able to trade peacefully in a way that, for the most part, satisfied both buyer and seller.
To test things out, I even bought a gram of cannabis (don’t tell the authorities) from a vendor. Lo and behold, two days later, a tiny amount arrived in a nondescript brown envelope. I would far rather do this than have to go to some dark alleyway in some shady part of town late at night.
As an anarcho-capitalist, I liked the fact that a site like Silk Road was able to exist outside the law and self-regulate peacefully without the intervention of the benevolent hand of the state.
The speed in growth of the site is testament to people’s need of the service it provided. Since its creation in 2011, some $1.2 billion worth of transactions took place. There were some 957,000 registered user accounts. I bet even the likes of Google, Amazon, eBay, Twitter, or Facebook would have struggled to compete with those kinds of numbers in their first two years of trading.
All in all, I see it as a blow that the FBI managed to shut the site down. They consider it a victory. Many libertarians consider it a loss, arguing the site was not harming anyone. In fact, it was providing a much needed service, and its demise derailed another powerful force for freedom.
But they needn’t feel despondent. Arresting a drug dealer or a drug user never changed anything (except for ruining the life of the arrested). Another dealer just comes along and starts operating on his street corner. The same will happen with the Silk Road — if it hasn’t already. Someone will copy the site, make improvements, and make sure they don’t make the mistakes the Silk Road made, and the inevitable tide that is the Internet will keep on sweeping toward greater and greater freedom.
The key reason the site was able to operate so successfully was Bitcoin. If Silk Road had used government money — dollars or pounds, for example — to effect transactions, you would have needed only a two-minute chart to measure the site’s longevity. But not only is Bitcoin an independent form of digital money, it is anonymous. Bitcoin made the Silk Road possible.
No doubt the authorities are looking at ways to undermine Bitcoin, perhaps under the guise of fighting money laundering or making sure each and every one of us pays his fair share of taxes. But that’s to be expected.
It isn’t sites like Silk Road the state should be scared of. It’s the likes of Bitcoin — independent money. Only by its monopoly of money is the state able to do what it does, to wage wars and grow so big and invasive. But some form of digital currency, gold backed or otherwise, is going to supersede government money within a generation, probably sooner, just as email replaced the letter.
And once the state loses its monopoly on money, it’s toast.
Then the real fun begins.