michaelsuede

Thought Exercise – Why Socialism Fails

Experiment: Pretend there is no US federal government at all for a moment. Now assume two states are side by side and equal in all respects. – same laws, same taxes, same everything. State A decides it wants to socialize healthcare. In order to do this, it will necessarily have to set prices and raise…

Through A Looking Glass Darkly

“We are spending more money than we have ever spent before, and it does not work. After eight years, we have just as much unemployment as when we started and an enormous debt to boot.” -US Treasury Secretary, Henry Morgenthau Guess when Morgenthau wrote that? May of 1939 Even mainstream economists have been forced to…

Blair Has Earned $30 Million In Secret Oil Deals Since 2007

The Fascist State reigns supreme. The Daily Mail reports: Tony Blair waged an extraordinary two-year battle to keep secret a lucrative deal with a multinational oil giant which has extensive interests in Iraq. The former Prime Minister tried to keep the public in the dark over his dealings with South Korean oil firm UI Energy…

Banks Attack First Amendment Of Blogosphere

The banking oligarchs and our criminal court system have decided that you are too dumb to have time sensitive financial information. Bloomberg reports: Theflyonthewall.com, the online financial news service, was barred from issuing immediate online reports about stock upgrades and downgrades of Barclays Plc, Bank of America Corp.’s Merrill Lynch, and Morgan Stanley… The banks…

Buying "Green" Products Makes You Immoral – Literally

LOL The Association for Psychological Science has issued a new study on how people react after buying “green” products. It turns out that when people do acts of “good” they are then far more likely to do acts of “bad”. The study concludes: Consumer choices reflect not only price and quality preferences but also social…

Stop A Burglar – GO TO JAIL!

The UK insanity continues: When a restaurant owner found two teenage yobs raiding his beer cellar, he chased them and held them while his staff dialled 999. Sal Miah assumed police would commend him for catching the young criminals. But when officers arrived, they arrested 35-year-old Mr Miah on suspicion of assault and battery. Mr…

Lord Bernanke: Banks Should Have No Minimum Reserve Requirement

What?! Lord God Bernanke, Savior of the Human Race, King of Omniscient Interest Rate Knowledge, Master of Printing Press Technology, has declared minimum reserve requirements for banks are dumb. Business Insider reports: Up until now, the United States has operated under a “fractional reserve” banking system.  Banks have always been required to keep a small…

The Texas Textbook Wars

An important read. Mises’s Jeff Riggenbach explains why the changes to textbooks in Texas will have profound impacts on the state of the nation. Jeff explains: The existing description stated that a student who completed that course would be able to “explain the impact of Enlightenment ideas from John Locke, Thomas Hobbes, Voltaire, Charles de…