Who owns the ticket you just bought?: Crony Capitalism in the Live Event Ticketing Industry

ticket cc

By Andrew Langer, President of the Institute for Liberty

As readers of this blog are well-aware, crony-capitalism is one of the most-pressing issues facing America today. Every day, story after story appears in which we see massive, well-heeled businesses using their influence with government to gain a competitive advantage—either by attempting to siphon public monies to their ventures, or worse, using their size to gin the rules in their favor, creating hurdles for their smaller competitors so that they will wither and die.

Read More

Is There Capitalism After Cronyism?

Dawn.

Dawn.

You bet there is. It’s what we are fighting for. An economic system based on real prices, open markets, and sound money would serve the world so much better than the centrally planned, top down, command and control, fiat money system we must now endure.

Read More

Illinois Teachers to Taxpayers: No money? Too bad. We want our $100,000/year pensions.

teachers cc

There are few states which to me embody dysfunction more than Illinois. The place is out of control. It is hamstrung by state employee and teacher unions which demand to be paid lavish pensions even though the state is effectively out of money and is clinging to its credit rating. If they are allowed, the Illinois state employee unions will hollow out the finances of the state (even more) and Illinois will continue down the path Detroit has already walked.

Read More

Negative Real Interest Rates Are Just Income Redistribution

fed ny

It’s been tough to save money since the Crash. Right now many of us are receiving a negative real interest rate on our savings. (If we have savings.) That is, the interest we get on our money is not enough to keep up with inflation. From the moment we buy a CD or deposit money into an interest bearing account we are actually losing money. (We are losing even more money though if we keep it in our mattresses – by a very small amount.)

Read More

New York Magazine: Chelsea Clinton Leaving Her Unbelievably Cushy Fake Job at NBC

I'm sure the people in this village "don't care about money" either.

I’m sure the people in this village don’t care about money either.

It must be hard to stay in a half million dollar per year part-time (very part-time) job when you just can’t seem to care about money.

“I was curious if I could care about (money) on some fundamental level, and I couldn’t,”

Chelsea’s like Mother Theresa.

Read More