What is The War on Cash? Why should we be concerned? Will cash soon be banned? Will your pay soon be locked within the banking system? (VIDEO)

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Joe Salerno, Pace University economist and Mises academic vice president explains why we should be very concerned with the emerging war on cash. This is a concept with which all of our readers should be at least somewhat familiar. It will affect your life and it is becoming an important issue very quickly as the world economy appears to be trending downward.

The war on cash is a war on everyday people.

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The war on cash continues, a dispatch from the German front

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Central banks don’t like cash, particularly when they want to impose negative interest rates on a failing global economy. (If banks were to offer negative rates cash would provide a yield and as such few would put money in the bank. The central bankers are very afraid of this scenario because it takes control away from them.) Central governmental authorities don’t like cash either because they can’t track each and every transaction for tax purposes if people do business in cash.

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A Golden Age for Pentagon Waste

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As we have often noted, one of the giant logs stuck in the eye of many conservatives, people who typically argue for smaller government, is that they often defend military spending with little reservation. Defense, we are told is enumerated in the Constitution and as such is a legitimate expenditure. And yes, defense, is enumerated in the Constitution. Massive unchecked spending, undeclared wars, and bases around the world are not however enumerated in the Constitution.

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Health Insurance, Drug Lobbyists Continue to Fuel Clinton Campaign

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Ms. Clinton recently said that the drug companies were her “enemies.” Really? So why is she cashing all the giant checks from the drug companies then? She must really hate them, and they her. No way she’s throwing out soundbites to throw voters off of her donor scent. That isn’t like Hillary Clinton. She’d never do that.

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Unions, trial lawyers, government agencies, enviros, engage in crony capitalism too

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Yesterday we covered an article in Newsweek where the author took issue with much of what he believed (and is) the hypocritical nature of some of the Republican candidates for president on the issue of crony capitalism. Marco Rubio and his embrace of sugar subsidies, an issue for which this website has taken him to task, was the prime example.

But the Newsweek piece was a clearly partisan one.

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The Fed wants to see what happens if it moves to negative interest rates

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It wants to see via a “stress test” of banks. But even with the Fed raising a quarter point recently, so called liftoff, the general trend globally is in the opposite direction. Japan just moved to negative rates. There are smatterings of negative rates to be found throughout Europe. Canada is playing with the idea of negative rates.

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Americans are increasingly aware of crony capitalism, and it is changing politics as we know it

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Crony capitalism is a concept with which the typical informed American voter is now familiar. We are very proud of our contribution to this awakening and it is gratifying to see candidates of all stripes having to defend their current crony arrangements with donors, past crony deals, or alternatively to see them go on the attack against cronyism. That Cruz won the Iowa Caucuses despite an explicitly anti-ethanol subsidy stance is no small feat.

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Man Jailed for Unregistered Cat

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First they want to license your cat. Then they come for your guns.

Seriously there are simply too many laws out there. How can anyone keep track? Also, a law against “unregistered cats”? That borders on insane. Yet this guy spent 3 days in the clink because a feral cat wouldn’t go away. Think about that. He lost 3 days of his liberty because a wild cat kept coming onto his lawn.

I’ve got unlicensed raccoons visiting my trash can all the time.

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Where Does the U.S. Rank in World Economic Freedom? (VIDEO)


Not high enough I am afraid and we have been declining under Obama.

This should be the freest place on earth. Economic freedom is built into our DNA. This is supposed to be the land of opportunity.

Some people in this country seem to have forgotten this however. They appear to have given up and would instead choose to embrace an all encompassing, paternalistic, suffocating welfare state which restricts opportunity, creates economic and social strata which are highly rigid,

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The Truth About Politics

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A reminder from Lew Rockwell of the true nature of the state. The government facilitates cronyism, it doesn’t listen to you, it takes your money for itself and its crony allies, it wages wars which need not be waged, it is not – you and me. It serves its own purposes first. We are at best second thoughts. (We are actually thought of quite a bit, but primarily as nuisances.)

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Company Developing ‘Tech Tattoos’ So People Can Track Their Medical, Financial Info

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The “tattoos” are not permanent and indeed they seem more like a sticker than a tattoo. However, this is just a step in a process. It wouldn’t be hard to make these devices permanent and there is no doubt that there are interests, both in government and in the private sector that would love to see these things permanently under our skin, constantly relaying our health and financial vitals to the cloud.

Imagine how easy it will be for the behavioral economists to “nudge”

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