Okay, this video begins will a whole bunch of BS about inflation. Too little inflation is a GOOD thing.
After that, it’s a brilliant expose about all the ways government is lying about the economy.
Peter Schiff: “Keynesian are to Economics what Witch Doctors are to Medicine”
Big Pharma Scores Big Win: Medicinal Herbs Will Disappear in EU
Big Pharma has almost reached the finish line of its decades-long battle to wipe out all competition. As of 1 April 2011—less than eight months from now—virtually all medicinal herbs will become illegal in the European Union.
(Read more from gaia-health.com)
Dear socialists, please read this article carefully. It is yet another example of how abusive businesses BENEFIT from big government. Please stop suggesting that more government is the solution for everything.
Detained By The Feds For Not Answering Questions
Love it when people stick up for their rights.
I was detained last night by federal authorities at San Francisco International Airport for refusing to answer questions about why I had travelled outside the United States.
The end result is that, after waiting for about half an hour and refusing to answer further questions, I was released – because U.S. citizens who have produced proof of citizenship and a written customs declaration are not obligated to answer questions.
* * *
“Why were you in China?” asked the passport control officer, a woman with the appearance and disposition of a prison matron.
“None of your business,” I said.
Her eyes widened in disbelief.
“Excuse me?” she asked.
“I’m not going to be interrogated as a pre-condition of re-entering my own country,” I said.
This did not go over well. (Read more from knifetricks.blogspot.com)
Spontaneous Examples of Commodity Money in Iraq
The bottled water brought in from the larger cities was one of the most sought-after commodities in the village, and I soon noticed villagers pricing items in not only sheep, but bottles of drinking water as well.
Then there was the standard wartime medium of exchange: cigarettes. The villagers smoked cigarettes every evening with chai tea. They were bought in the cities and brought back by the truck load. As a result they were not as valuable as sheep or bottled water; however they served as small change for the villagers.
These three moneys all circulated in the villages free of any government mandate or oversight. The exchange rate also fluctuated free of mandate. Sheep were the most stable commodity as they were held and bred in the villages.
Bottled water and cigarettes were transported in from the cities. This transport was subject to logistical difficulties, and therefore their value fluctuated. Farmers and fisherman also drank much more water in the summer months, which had a great effect on its value. (Read more from mises.org)
Re-post: The Systematic Precious Metals Fraud by CFTC & JPMorgan
Rove and Rush: Late To The Party
Defeating Washington D.C.’s Tour Guide Licensing Scheme
In the 1950’s about 1/20 workers in the U.S. needed government permission to do their job legally. Today, it’s about 1/3.
An Introduction to Austrian Economics
What is Austrian Economics?
I think this series of lectures is a great starting point.
Keynesian vs. Austrian Predictions
Let us not forget how consistently wrong the Keynesian like Bernanke and Krugman have been. Let us not forget how accurately the Austrians predicted the recession we’ve had, and the disastrous recession we’re about to have.
Peter Schiff — Gold up, Dollar down, Media clueless
SA@TAC – Government Intervention, Left and Right — “Imagine if we did nothing”
Nice to see the Southern Avenger talking Austrian Business Cycle Theory.
Peter Schiff on Obama’s tax proposal
Skip to 1:40.
President Obama justifies tax cuts only for middle class help because middle class spends while upper income earner are more likely to save and invest. This may be true, but it’s bad economics. The last thing the U.S. needs is more spending. We need savings & investment.
Instead of criticizing people who invest abroad, Obama should figure out why people want to invest abroad. Sweden coorporate tax rate is 27%. The U.S.’s is 35% (and that’s just federal).
One Step Closer to Unified Forced Banking rules
This has one world government written all over it.
Bank regulators from around the globe reached an agreement Sunday on new rules for the world’s largest banks in an effort to create a more stable financial system. (Read more from online.wsj.com)
Vancouver taxpayers on hook for $1-billion as most Olympic Village units unsold
When businesses are incompetent, they go bankrupt.
Sixty-six per cent of Vancouver’s pricey Olympic Village condos remain unsold — a total of 483 units at the massive False Creek development that served as athletes’ housing during the two-week 2010 Games.
Vancouver Mayor Gregor Robertson, whose city remains on the hook for more than $1.03 billion of the cost of the project, predicts it will take a “full two-year term” to sell the remaining units. (Read more from theprovince.com)