Like it or not Bitcoin is changing the world. A year ago very few people outside of wonky libertarian financial circles even knew what Bitcoin was. Now it is known by everyone, including and especially governments and central banks. They for the most part are not keen on the crypto-currency. And one can understand why. The central planners have no control over Bitcoin and that scares them to death. How are they supposed to manipulate monetary policy if everyone is using blockchain based virtual currencies?
I can’t argue with Will on this. We should be ashamed of ourselves. We have allowed profligate spending. We borrow to pay our current bills. We elect people who year after year expand government and who pass laws which reduce our liberty and fundamentally our very humanity. It is we who have allowed this to happen.
Americans want a flat tax, overwhelmingly. It would be good for the general economy in a myriad of ways. (Assuming it was set at a low enough rate.) Just think for instance of how many millions of man hours lost to wading through our labyrinthine tax code could instead be put to productive use. A flat tax would just make life so much EASIER.
This graphic comes out every year and I still find it fascinating. (And depressing.)
Interesting things happening in the markets. We’ve had a dozen or so of these flare ups over the last few years so we’ll see how this one goes. But it’s definitely one of those times where brokers aren’t going on vacation.
We’ve said it many times here, and many others have said it before us in other places. Free markets are not typically the friend of big corporations with lots of market share, money, and friends in government. These companies are already fat and happy. Free markets and free prices allow new challengers to enter the marketplace. This brings prices down and quality up. Not what the fat firms want.
Chapter 30 of Hunter Lewis’s New Book
I thought Ms. Waters was a “woman of the people.” The Export-Import Bank of the United States is big time crony capitalism, hardcore corporatism, paid for by “the people” to pad the bottom line of giant corporation, Boeing.