The Keynesian Blessing: Americans Are Broke

Americans are debt addicts. They love to spend. The politicians love to spend. Everyday Americans love to spend. Spend, spend, spend. And we wonder why many things, our society even, feels so cheap.

People live on credit. They finance cars, houses, vacation – cell phones – think about that – PHONES. They don’t save.

And why should they? They get nothing for saving. There’s literally no real return on socking money away in a bank these days.

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Capitalism Is Good for the Poor (Often spectacularly good)

Not only is it good, it is often spectacularly good.

It’s not just me saying this. This is an assertion which can be measured and seen. Anyone who does not understand that capitalism has made the world a better place, has filled stomachs, cured diseases, has helped people broaden their horizons, and has just generally made things in this life more tolerable either doesn’t understand what capitalism is or has simply never looked into the matter objectively.

It really does blow my mind that so many supposedly educated people do not understand what a force for good capitalism has been.

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Big (Data) Brother Cometh: Beijing tracks the elderly as they take buses, go shopping

This might look like a mess to you and me. But for the right algorithm the data is clear as day.

It’s not just the elderly and it’s not just the Chinese.

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Trump and Clinton share Delaware tax ‘loophole’ address

One person’s tax “loophole” is another person’s “pocket of freedom.” There is absolutely nothing wrong with minimizing one’s tax outlay legally. Better the person who earned the money keep it, invest it, and create opportunities than have it feed the Washington government behemoth. Frankly one has an obligation to minimize one’s tax bill as I see it.

Saying that, it’s interesting that Trump and Clinton share a corporate address. (With many many others.) Kind of cute almost.

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Enemy of the banks Andrew Jackson gone from the $20 bill, Replaced by Harriet Tubman, Friend of the banks Hamiliton remains on the $10 bill

We think Harriet Tubman isn’t such a bad choice. However, removing Andrew Jackson from the currency is a shame. He killed the first central bank of the United States, The Bank of the United States, and that is something for which every American should be grateful. He is in addition the only president who with the help of allies paid off the national debt.

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April 5 is yet another “day that will live in infamy.” (The day FDR started confiscating – some prefer the word “stealing” – citizen gold)

(The was a post on Facebook from Lawrence Reed at FEE)

April 5 is yet another “day that will live in infamy.” On this date in 1933, Franklin Roosevelt signed Executive Order 6102, which criminalized the possession of monetary gold. Americans were ordered to hand over their gold coin and bullion to the government in less than a month (by May 1) under penalty of $10,000 fine and/or up to 10 years in prison, so that the government could more easily inflate the money supply.

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Negative interest rates put the global economy on a razor’s edge

We are slipping into an economic Twilight Zone. Across the globe, in different countries, the poles are shifting along with banking math. Negative rates of interest are creeping over the planet.

Negative rates will encourage debtors while robbing what is left from savers at an accelerated rate. It is foolishness. It is unwise. Negative rates will extend the malaise (malaise is a nice way of putting it) that the world seems unable to shake even 8 years on from 2008.

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Why socialism always fails

And they failed…But not before killing millions of people first. Either directly or through the implementation of terrible economic programs.

It’s important to understand that crony capitalism, the partnering of special interests with government to amass wealth for the partnering entities is a form of socialism. Crony capitalism does not work if there isn’t a government to hand out cash and influence. Government is cronyism’s catalyst.

The bigger the state, the regulations, the favoritism, the programs, the tax burden,

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