Maria Corina Machado, Venezuelan Champion of Freedom, Wins the Nobel Peace
Prize
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Maria Corina has proven herself to be an effective, well-organized, and
savvy leader who has given Venezuelans reasons to hope that they will be
free soone...
Wednesday, November 14, 2012
Tuesday, September 25, 2012
Wednesday, August 15, 2012
Wednesday, July 11, 2012
Monday, June 18, 2012
Marc Faber likes the Singapore Dollar The Thai Baht The Malaysian Ringgit and the US Dollar only in the Short Term
Friday, June 15, 2012
Wednesday, June 13, 2012
Tuesday, June 12, 2012
Thursday, May 17, 2012
Thursday, May 10, 2012
Tuesday, May 8, 2012
Monday, April 23, 2012
An Online Guide to the U.S. Constitution (with expert commentary)
The Heritage Foundation recently released its online guide to the United States constitution. Below is the link that allows you to select any provision in the constitution and receive an explanation from a constitutional expert. This is a definite bookmark favorite!
Read more...
Monday, April 9, 2012
Monday, March 19, 2012
Wednesday, February 29, 2012
Thursday, February 23, 2012
Wednesday, February 8, 2012
Thursday, February 2, 2012
College Degrees, Jobs Going Overseas, & Government Regulations
Peter Schiff talks abouts college degrees and why jobs are moving overseas.
CNBC Video: Facebook, Interest Rates, US Dollar
Jim Rogers is an author, financial commentator and successful international investor. He has been frequently featured in Time, The New York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times and is a regular guest on Bloomberg and CNBC.
Wednesday, January 25, 2012
Disbanding Troops and Bureaucrats
There is always a great fear that there will not be enough jobs for soldiers (or bureacrats) being disbanded, as it would lead to higher unemployment. The fears of unemployment arise because people look at only one side of the process - i.e., they see soldiers (or bureacrats) flooding into the labor market without the available jobs. It is true that, when millions of people are suddenly released, it may require time for private industry to reabsorb them, but it usually does so at remarkable speeds. How does the economy reabsorb them?
Simple, the taxpayer will cease having to support the soldiers (or bureacrats) through taxes. As a result, the taxpayers will be allowed to retain the funds that were previously taken from them through taxes in order to support the troops (or bureacrats). The taxpayers will then have additional funds to buy additional goods or invest. As a result, civilian demand increases, and so does the demand for labor - it just might take a little time. The soldiers (or bureacrats) who were previously supported by civilians will become self-supporting and producing civilians themselves.
Otherwise, retaining soldiers (or bureacrats) that are no longer needed for defense or for a particular governmental service would have been sheer taxpayer waste, as each soldier (or bureacrat) would have been wholly unproductive. The taxpayers, in return for supporting the soldiers (or bureacrats), would have received nothing in return for their funds taken from them through taxes.
Remember, one of the biggest economic fallacies, committed over and over again, is ignoring the long-term, indirect consequences of a particular policy. Good economic policy analysis always means assessing a policy's impacts on all groups in the long run, rather than just the impacts on some groups in the short run.
For more on this topic, see Chapter 9 of Economics in One Lesson by Henry Hazlitt.
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