Generic drugs are supposed to lower healthcare costs and provide you with another medical alternative. That’s what it says on paper. But there’s a real danger that goes along with these drugs. A danger even your doctor might not be aware of.
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?
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.
Last Saturday’s column distinguished between two strategies for achieving personal freedom from an invasive state: “Gulching” and “Going Galt.” Gulching, named after Galt’s Gulch in Atlas Shrugged, means withdrawing from society into an isolated community. Going Galt, named after the early strategy of John Galt in the same novel, means removing your support from the state without leaving society.
For example, a businessman might retire rather than deal with ruinous taxes, a maze of regulations and bureaucratic paperwork.
Two words are key to either strategy; they are “state” and “society.” Definitions may seem to be dusty things but they offer the incalculable benefit of clarifying your thoughts so that you better understand the ideas that deeply impact your life. Defining “the state” and “society” allows you to know where the line is drawn that separates one from the other.
One of the clearest presentations you can find of these two terms comes from the classical liberal Franz Oppenheimer in his brilliant and very readable book, The State (1914).
He defined the state as “that summation of privileges and dominating positions which are brought into being by extra-economic power.” By “extra-economic” he meant the institutions and people with power that did not come from the act of creation or from free exchange. In short, they were not productive.
Oppenheimer defined society as “the totality of concepts of all purely natural relations and institutions between man and man.” These institutions included the free market, churches, the family, charities, and the arts. In short, society is what is often called “the private sphere.”
Springboarding from these definitions, Oppenheimer contrasted what he called “the political means” with “the economic means” of acquiring wealth or power.
The state uses the political means — in other words, it uses force — to acquire wealth and power. It neither produces wealth nor trades for it on the marketplace. Instead, it takes wealth from the productive people who constitute society. It takes riches directly through such means as taxation and indirectly through such means as regulation. The ultimate source of the state’s power is the use or threatened use of force.
By contrast, society uses the economic means — in other words, it creates and cooperates — to produce wealth and social dynamics. Any power acquired by those within society is the result of earned wealth or reputation.
Because the state drained society for its own enrichment, Oppenheimer considered the two to be in basic conflict.
The American individualist Albert Jay Nock was one of the main conduits of Oppenheimer’s thought into the United States. Nock captured his mentor’s political philosophy in a book entitled Our Enemy, The State (1935). He wrote, “Taking the State wherever found, striking into its history at any point, one sees no way to differentiate the activities of its founders, administrators, and beneficiaries from those of a professional criminal class.” Both stole wealth from productive people and both were willing to use force to do so.
At this point in his argument, Nock introduced a third concept: government. To Nock, government, unlike the state, provided a valuable service. It protected the individual rights of society, presumably in exchange for a fee, such as that embodied in a reasonable tax rate.
Nock was not alone in distinguishing between government and the state, and in giving a nod to the former while frowning upon the latter. Ayn Rand also embraced a limited government that would function as a night watchman who unobtrusively protected the person and property of those within his territory.
We now live under a state, not a government. And true to the title of Nock’s book, the state is the enemy of our rights and property. Unlike the government envisioned by Rand, it is not a night watchman but a prison guard both day and night.
An effective path to personal freedom is to withdraw from the state as much as possible while continuing to live in and embrace society. A problem immediately arises. The line between the state and society keeps blurring. What should be a private business, like the post office, becomes a state agency instead. What should be a family matter, like the education of children, becomes the public school system.
Highly personal decisions, like medical choices, are turned over to a bureaucratic process and lodged in an official database. As the state expands, society contracts; the public sphere thrives while the private sphere withers.
Why not just leave and “gulch” instead of “going galt”? After all, a cabin deep in the woods offers unbridled individual freedom whereas in society there is always the threat of violence. Why run such a risk? I believe the answer lies in the reason people form societies in the first place.
Society offers tremendous benefits, including friendship, expanded knowledge, culture, a division of labor, the free market of exchange, family and romantic love. Society can maximize your range of choice because many of your decisions require the presence of other people; for example, the decision to have a child. The maximization of choice is itself a form of freedom.
And, yet it is possible to imagine a society from which some people would gladly flee into solitude; for example, in antebellum South, slaves fled from plantations. The point at which reasonable people flee is when the state is so totalitarian that being within society no longer maximizes their choices but minimizes them. They can no longer benefit by trading with others because the trade is taxed too highly or choked by regulations. Their life savings is stolen by currency inflation, bailouts for miscreants, senseless bureaucracy and projects, or by wars and policies that affront their morality.
If they exercise basic rights as such freedom of association, which includes non-association with anyone for any reason, then all of their rights can be stripped away through imprisonment. Or their wealth can be dissipated through lawsuits.
It takes a great deal of theft and corruption by the state to outweigh the extraordinary benefits of society. Whether or not we are at that point is a judgment call. My judgment is that we are not there yet. The tipping point may be perilously close but the state has not yet succeeded in reversing the advantages of being in society.
In pursuing those advantages and avoiding the state – in “Going Galt” – the first step is to ask yourself where and how you co-operate with and, so, support the State. Try to support society instead. Rather than making phone calls for a candidate, donate those hours to a private charity. Maintain whatever privacy you can. Never invite the state into your home even when it offers you advantages to do so.
The foregoing are vague suggestions that I will be unpacking to provide specifics in future articles. Meanwhile, as the Amish sometimes say, “Be safe out there among the English (non-Amish).”