Debate: Why the Internet Tax Bill is Bad for the Economy

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Reps. Ron DeSantis (FL-6), Thomas Massie (KY-4) participate in a special order floor speech against the National Internet Tax Mandate, the so-called “Marketplace Fairness Act,” H.R. 684 and S. 743.

‘Like a Drug’: Payday Loan Users Hooked on Quick-Cash Cycle

payday-loan

“I’m not dumb, but I did a dumb thing,” said Chaney, who is now homeless, living in a rescue mission in Boise.

Offshore Secrets: 100 of UK’s Richest People Concealing Billions in Offshore Tax Havens

Computer screen showing the website for HMRC

“We know from the data we obtained there are names of people from more than 170 countries. Some are prominent citizens – politicians, celebrities, businessmen, the elite of some societies.

The Price Of Copper And 11 Other Recession Indicators That Are Flashing Red

RecessionMeltdown

There are a dozen significant economic indicators that are warning that the U.S. economy is heading into a recession. The Dow may have soared past the 15,000 mark, but the economic fundamentals are telling an entirely different story. If historical patterns hold up, the economy is heading for a very rocky stretch.The following are 12 recession indicators that are flashing red…

What Is a Gold Standard? Why Don’t We Have One Anymore?

State Rep Jerry O'Neil asks to be paid in gold

Before 1974, U.S. dollars were backed by gold. This meant that the federal government could not print more money than it could redeem for gold. While this constrained the federal government, it also provided citizens with a relatively stable purchasing power for goods and services. Today’s paper currency has no intrinsic value. It is not based on the value of gold or anything else.

They Are Murdering Small Business: The Percentage Of Self-Employed Americans Is At A Record Low

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One of the big reasons why there are not enough jobs in America today is because small business creation is way down. Entrepreneurs and small businesses are being absolutely devastated by rules, regulations, red tape and by oppressive levels of taxation.

Nigel Farage: Eurocrats’ Cyprus Cash Grab a Template For Future Stealing

Nigel Farage - People should pull thier money out of Eurozone

Nigel Farage believes the days of the Eurozone are numbered, and that people should withdraw their money from its banks before what happened in Cyrpus happens elsewhere.

10 Signs The Takedown Of Paper Gold Has Unleashed An Unprecedented Global Run On Physical Gold And Silver

gold and silver

The crash of the price of paper gold on Monday has unleashed an unprecedented global frenzy to buy physical gold and silver. All over the planet, people are recognizing that this is a unique opportunity to be able to acquire large amounts of gold and silver at a bargain price.

LearnLiberty: Why Do We Exchange Things?

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Professor Michael C. Munger offers a few examples of how exchange can make people happier whether people have the same preferences or different preferences, the same stuff to start with or different stuff. The ability to make people better off by simple exchange may seem like magic, Munger says, but it’s just markets.

Bail-in: The Birth of the New Financial Order

Canada-bank-bailout

The recent bail-in in Cyprus has given the world a glimpse at the future of the banking landscape. Now, as Canada gets set to hardwire the bail-in process into law, analysts like Michel Chossudovsky are warning how the big banks can use this template to further consolidate their monopoly of economic control.

Does Government Create Jobs?

Steve Jobs created jobs

Many people have been talking about job creation lately, especially politicians. But is government the best creator of jobs? And is job creation the best thing for the economy? Professor Steve Horwitz explains that there is a difference between creating jobs and creating wealth.

David Stockman on Crony Capitalism: We’ve Been Lied To, Robbed, And Misled

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As a result of being rescued and having the cleansing liquidation of rotten balance sheets stopped, within a few weeks and certainly months [the banks] were back to the same old games.

5 of 10 Top Economies in the World Drop the Dollar

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The U.S Dollar is quickly losing its status as the world reserve currency. Five of the top ten economies in the world, plus a few others, no longer use the dollar as an intermediary currency for trade. This trend poses a huge risk to the dollar and the United States along with it.

Texas Wants Its Gold Back from the Federal Reserve

gold-ny-fed

Perry and some in the Texas legislature want to bring the roughly $1 billion worth gold held by the state university system’s investment fund onto Texas soil, rather than in its current resting pace in a vault in New York.

BREAKING: China And Brazil Ditch US Dollar In Trade Deal Before BRICS Summit

china-brazil-bric

China and Brazil agreed to trade in each other’s currencies just hours ahead of the BRICS summit in South Africa.

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