What do you need to finance the welfare state?
There is no way to finance the welfare state with taxes and public debt.
In order to finance the welfare state you need the printing money machine.
And the money printed for that machine must be the reserve currency of the world.
Wednesday, December 5, 2012
Tuesday, December 4, 2012
What is the human capacity to be lazy, fat, uneducated, homeless, smoker and whatever you want to be and to pay the price for it?
It is freedom.
Freedom is the human capacity to be lazy, fat, uneducated, homeless, smoker and whatever you want to be and to pay the price for it.
Freedom is the human capacity to be lazy, fat, uneducated, homeless, smoker and whatever you want to be and to pay the price for it.
Monday, December 3, 2012
Why university is not a good investment
Why university is not a good investment.
Two-thirds higher education of graduates now take out loans.
9.1% of borrowers in 2011 had defaulted on their federal student loans within two years of graduating.
3% of US GDP is spent in higher education.
Coursera and Udacity are free.
Two-thirds higher education of graduates now take out loans.
9.1% of borrowers in 2011 had defaulted on their federal student loans within two years of graduating.
3% of US GDP is spent in higher education.
Coursera and Udacity are free.
Sunday, December 2, 2012
Elites and bureaucrats are the middlemen in the transfer of resources from the tax payer to the poor
Elites and bureaucrats are the middlemen in the transfer of resources from the tax payer to the poor and vulnerable and the cut that elites and bureaucrats are taking for their job is becoming bigger and bigger.
Saturday, December 1, 2012
Liberty creates more inequality.
People vote indicates a belief, or a whim, but not a choice.
Economic growth is needed to improve the well-being of the poor, and economic growth means instability.
People who cannot govern their own lives cannot afford nothing unpredictable.
Liberty creates more inequality.
Entitlements are becoming the modern social injustice.
Economic growth is needed to improve the well-being of the poor, and economic growth means instability.
People who cannot govern their own lives cannot afford nothing unpredictable.
Liberty creates more inequality.
Entitlements are becoming the modern social injustice.
Friday, November 30, 2012
The best economic indicators
The best economic indicators
The number of days in a week the van of my neighbor is in his driveway.
The number of days the usual perfect used car that my neighbor put on sale for $2.000 stays in the his driveway.
The number of days the foreclosure for sale signs in my neighborhood stay in the yard.
The number of days in a week the van of my neighbor is in his driveway.
The number of days the usual perfect used car that my neighbor put on sale for $2.000 stays in the his driveway.
The number of days the foreclosure for sale signs in my neighborhood stay in the yard.
Thursday, November 29, 2012
Pushing for raising taxes and trying to avoid tax increase
At the Democratic National Convention, Costco
co-founder and former CEO Jim Sinegal provided
his endorsement of President Obama.
He also pushed for raising
the top marginal rates in the federal income tax code.
Months later Jim Sinegal and the rest of the Costco
board voted to give themselves a
special dividend to avoid Mr. Obama's looming
tax increase.
co-founder and former CEO Jim Sinegal provided
his endorsement of President Obama.
He also pushed for raising
the top marginal rates in the federal income tax code.
Months later Jim Sinegal and the rest of the Costco
board voted to give themselves a
special dividend to avoid Mr. Obama's looming
tax increase.
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