A couple of years ago I spent an evening talking economics and entrepreneurship with the developer of the new gold backed cryptocurrency The Business Insider reports.
Stan Humphries the author of the attached article and I agree that home ownership often is not such a good deal. For many it is a downright terrible investment. More people are awakening to this fact, and that is a good thing.
I have to admit that taxes annoy to me generally, though I pay them dutifully with a smile on my face.
Thats right. You may have paid $100,000 or more for that new tractor, but guess what? Since the software DNA, the alleged intellectual property of John Deere is embedded in the thing, you actually do not OWN the vehicle. Its still John Deeres even if the vehicle is paid off, at least the guts of the beast.
I have made the case that one of the reasons the Amazon, African, and Indonesian rain forests are relentlessly plowed under is due to the absence of the rule of law and the general lack of respect for property rights in these countries. The rain forest is in many respects a commons which people exploit as all commons are exploited. No one owns the forest, so its a free-for-all.
The central banks dont like that cash makes it hard to cut rates to below zero. 0% is pretty much as far as they can go (though there are exceptions such as in Denmark.)
Word is that Al Sharpton is holding a hunger strike to protest the fact that the Senate wont move on the Lorretta Lynch AG nomination.
As weve said before the people who most fear a legitimate (semi) libertarian movement within the GOP are the old big government Republicans, its not liberals. (At least not yet.)
One of the ongoing discussions on this website is the degree to which the government is you and me, the citizenry, us.
Ill bet that when all is said and done Net neutrality will result in a lot more than $11 billion in new taxes.
As I ride the train and look out at the Virginia countryside, Blue Ridge Mountains to my left, the Piedmont to my right, I am struck by the beauty of my home state. As the sun rises the sky quickly shifts from violet to pale blue. There is no mist this morning, just crisp clear early spring.
Many believe that the precipitous decline in the price of oil that the world just saw was Saudi Arabias reaction to Obama cozying up with Riyadhs sworn (literally) enemy, Iran. Saudi Arabia essentially dropped an oil bomb. The blast from which the world appears to have absorbed for the most part.
It was supposed to be all private money but alas even in death Teddy Kennedy has found a way to take from the American taxpayer. That the money is going to his own self aggrandizement would have pleased him. That the money came from defense would have pleased him even more.
The truth is some (many) people just want someone to make decisions for them. I am unsure if it is a genetic disposition or whether it is socialization or whether it is both. All I know is some people do not want to control their own lives.
I remember sitting in my car in college listening to Howard Stern on the radio before class sometime in 2000. Howard and his crew were talking about the stock market which was roaring. The Tech Bubble was in full effect. The sky was the limit. If you werent in the market you were losing out. It was a similar vibe to the Housing Bubble which would emerge only a few years later.
I didnt need to see the ridiculousness of this past week to know that the GOP cant be trusted to reduce spending. But the current Pentagon budget battle certainly illustrates the point.
Were supposed to have free markets in this country. We definitely shouldnt have government executives and corporate executives cuddling up with one another. Were not France.
Boehner has a pretty tough job. He is a Republican stuck in the 20th century trying to lead a caucus which is very much of the 21st Century.
The leadership within both major parties view the populists within their ranks as annoyances. Jeb Bush and his crowd and Hillary Clinton and her crowd have a similar disdain for the people who want actual change come 2016.
Biden is the quintessential political Cheshire cat. (The Washington DC subspecies.) The guy can smile through anything. Probably a good thing to be able to do if one is Vice President Biden.