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Tag Archives: economics

Negative Real Interest Rates Are Just Income Redistribution

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.)

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Letting the cat out of the bag on the role of public employee unions

Some people get on us for pointing out that public employee unions are kind of a JV crony team which costs the taxpayers of this country billions each year. Invariably the people who benefit form unionized government work howl and insist that they are in fact the “good guys.” They are just trying to do their job and to be paid adequately for it. And oh, by the way, don’t touch their pension. We should focus our attention on the evil corporate America.

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Rand Paul: Dems ‘Scared’ I’m Going to Run Against Hawkish Hillary Clinton (Video)

Politics continues to get more and more interesting. Things are changing in a big way.

It’s not all driven by Rand Paul. Technology (and social media specifically) has a lot to do with it. The economy sputtering does too. And of course the general war fatigue.

But Rand is articulating a message which reflects where many Americans are right now, in a way that I’ve never seen in my lifetime.

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