Interest-earning days will soon be forgotten. This story did not break on some freakishly obscene Halloween website,  but last week, CNBC ran the story that banks are now flooded with cash  and that depositors are being charged fees just to slow the flood of  money into the bank (article here). This  means that negative interest rates appear to have arrived.  Savers will ... MORE
Spooky: U.S. Debt To Surpass GDP On Halloween
 from the Daily Caller. As children across America costume themselves as ghouls, ghosts, goblins and former North African dictators  Monday night, they may have missed the most spine-chilling scare of the  day. According to calculations based on the International Monetary  Fund’s World Economic Outlook, on All Hallows’ Eve the United States’  total debt will surpass ... MORE
from the Daily Caller. As children across America costume themselves as ghouls, ghosts, goblins and former North African dictators  Monday night, they may have missed the most spine-chilling scare of the  day. According to calculations based on the International Monetary  Fund’s World Economic Outlook, on All Hallows’ Eve the United States’  total debt will surpass ... MOREREUTERS: Lawmakers Unfazed By Downgrade Risk
 Congress fiddles while America's economy burns. A growing number  of lawmakers do not think another downgrade of the country's AAA rating  will harm America's economy, raising questions about how much pressure  Congress is under to fix the intractable budget deficit. Analysts warn, however, that signs of complacency on Capitol Hill threaten efforts to cure America's ... MORE
Congress fiddles while America's economy burns. A growing number  of lawmakers do not think another downgrade of the country's AAA rating  will harm America's economy, raising questions about how much pressure  Congress is under to fix the intractable budget deficit. Analysts warn, however, that signs of complacency on Capitol Hill threaten efforts to cure America's ... MOREVIDEO: Ayn Rand - The Virtue Of Selfishness
Thinking about the virtue of acting in one's own rational self-interest.
John Stossel: School Competition Rescues Kids
 Government's monopoly over k-12 education has failed. For years, American education from kindergarten through high school has been a virtual government monopoly. Conventional wisdom is that government must run the schools. But government monopolies don't do anything well. They fail because they have no real competition. Yet competition is what gives us ... MORE
Government's monopoly over k-12 education has failed. For years, American education from kindergarten through high school has been a virtual government monopoly. Conventional wisdom is that government must run the schools. But government monopolies don't do anything well. They fail because they have no real competition. Yet competition is what gives us ... MORE
Labels:
choice,
competition,
education,
government,
individual liberty,
politics,
reason,
schools,
unions
BREITBART: Chicago May Decriminalize Marijuana
 Freeing up resources for more serious crimes. Chicago pot smokers may soon be able to light up without fear of jail time. Several Windy City councilmen said Thursday they plan to introduce a  local law that would decriminalize possession of small amounts of  marijuana in order to cut costs and free up police to handle more  serious crimes. Chicago police ... MORE
Freeing up resources for more serious crimes. Chicago pot smokers may soon be able to light up without fear of jail time. Several Windy City councilmen said Thursday they plan to introduce a  local law that would decriminalize possession of small amounts of  marijuana in order to cut costs and free up police to handle more  serious crimes. Chicago police ... MOREGALLUP Poll: Support For Gun Control Lowest In 50 Years
 Another manifestation of widespread distrust of government. A record-low 26% of Americans favor a legal ban on the possession of  handguns in the United States other than by police and other authorized  people. When Gallup first asked Americans this question in 1959, 60%  favored banning handguns. But since 1975, the majority of Americans have  opposed ... MORE
Another manifestation of widespread distrust of government. A record-low 26% of Americans favor a legal ban on the possession of  handguns in the United States other than by police and other authorized  people. When Gallup first asked Americans this question in 1959, 60%  favored banning handguns. But since 1975, the majority of Americans have  opposed ... MORE
Labels:
Congress,
defense,
freedom,
gun control,
gun rights,
individual liberty,
law enforcement,
poll
Ralph Reiland: First Cigarettes, Now Bacon And Eggs
 Denmark's central planners lead the way. You knew it was coming. First they came for the cigarettes, then Hank Williams Jr. got  knocked off Monday Night Football for being politically incorrect, and  now they're coming for the butter. Denmark, on October 1, put a $1.29-per-pound tax on all foods that  hit 2.3 percent in saturated fats. That's on top ... MORE
Denmark's central planners lead the way. You knew it was coming. First they came for the cigarettes, then Hank Williams Jr. got  knocked off Monday Night Football for being politically incorrect, and  now they're coming for the butter. Denmark, on October 1, put a $1.29-per-pound tax on all foods that  hit 2.3 percent in saturated fats. That's on top ... MORE
Labels:
food,
government,
health,
individual liberty,
nanny state,
regulation,
socialism,
statism,
tax
Yaron Brooks & Don Watkins: What We Owe Steve Jobs
 First of all, gratitude.  Watching the world mourn Steve Jobs,  we are reminded of how massive crowds of Americans used to gather to  celebrate the launch of a new bridge or a new railroad. There is a  widespread recognition that Jobs was a creative genius who changed our  world profoundly and for the better. Even President Obama, not usually  given to praising businessmen, said ... MORE
First of all, gratitude.  Watching the world mourn Steve Jobs,  we are reminded of how massive crowds of Americans used to gather to  celebrate the launch of a new bridge or a new railroad. There is a  widespread recognition that Jobs was a creative genius who changed our  world profoundly and for the better. Even President Obama, not usually  given to praising businessmen, said ... MORE
Labels:
achievement,
capitalism,
freedom,
industry,
morality,
opportunity,
production,
self-interest
NY Times: New Poll Finds Deep Distrust Of Government
|  | 
| Approval Ratings Of Congress | 
The public seems to be catching on. With Election Day just over a year away, a deep sense of economic  anxiety and doubt about the future hangs over the nation, according to  the latest New York Times/CBS News poll, with Americans’ distrust of  government at its highest level ever. The combustible climate helps explain the volatility of the presidential  race and has ... MORE
VIDEO: John Stossel - 99% Economic Illiteracy
People have taken to the streets mad as hell, but don't seem to understand why.
Thomas Sowell: The Media And 'Bullying'
 Advancing the agenda of those in vogue.  Back in the 1920s, the intelligentsia on both sides of the Atlantic  were loudly protesting the execution of political radicals Sacco and  Vanzetti, after what they claimed was an unfair trial. Supreme Court  Justice Oliver Wendell Holmes wrote to his young leftist friend Harold  Laski, pointing out that there were "a thousand-fold ... MORE
Advancing the agenda of those in vogue.  Back in the 1920s, the intelligentsia on both sides of the Atlantic  were loudly protesting the execution of political radicals Sacco and  Vanzetti, after what they claimed was an unfair trial. Supreme Court  Justice Oliver Wendell Holmes wrote to his young leftist friend Harold  Laski, pointing out that there were "a thousand-fold ... MORE
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