Independent Thought on Liberty & Free Markets
People often ask what the dollar is worth? For many it is difficult to answer. Some people can’t even provide a definition for a dollar or a definition of money. Some say the paper dollar of today is fantastic, while claiming an older system with a gold standard is silly. Others, myself included, think that money backed by gold or [...]
An interesting story was published explaining how Bernie Madoff has called the US government a ponzi scheme. Free market economists have been comparing the US government and its programs to ponzi schemes for years now. Most notably, Peter Schiff, who is famous for predicting the 2008 economic downfall with precision, has said repeatedly that the government is running a giant [...]
Robert Murphy, and Austrian economist from the Ludwig von Mises Institute, has challenged Keynesian economist and writer for NY Times, Paul Krugman , to a debate in economics. In fact, Mr. Murphy’s challenge may end up raising a lot of money for a good cause. Of course, that will all depend on Krugman’s answer to the debate challenge. Robert Murphy [...]
A Sheep Award goes to Connecticut Republicans Congratulations Republicans of Connecticut. You get the sheep award for: Voting like sheep Not taking the opportunity to elect the brilliant candidate, Peter Schiff Voting for the wife of a famous wrestling tycoon. The state of Connecticut could have had Peter Schiff. He’s an incredibly smart economic mind with tremendous concerns for personal [...]
Here a video with Peter Schiff outlining the multitude of reasons the income tax is wasteful, burdensome and just flat out economic folly. Oh yeah, the income tax also allows the government to get further into our personal lives and our earnings. It is really very simple. The income tax is bad for everybody but politicians and big government. In [...]
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