Archive for the ‘Economic’ Category
Hypocrisy and Trade
As is common throughout history, when economic woes beset a people and policy makers are aloof to reality, it becomes pertinent to blame the foreigner for the ills of a self-inflicted wound. Such is the case today in the United States with a public debt surging past 16

19th century political cartoon charging Chinese labor with unemploying American labor. Found at notfrisco.com.
trillion dollars, 1.5 trillion dollar yearly deficits, QE1, QE2, Operation Twist, and financial/environmental regulations that are equivalent to committing economic suicide. It concomitantly becomes apparent to federal policy makers to perfect the foul Keynesian economic soup with a dash of trade war hypocrisy.
As of late the artificial devaluation of the Chinese yuan has become the scapegoat of the brainiacs in Washington. They argue that renminbi is devalued by at least 30%, and this devaluation is driving the Chinese export machine as a form of protectionism. This development is also to blame for our rather lopsided balance-of-trade. George Mason’s Dr. Walter E. Williams illuminates the latter charge far better than I, here.
So who are these leaders of the charge against China’s unfair advantage. Why it’s the American version of Cobden and Bright, Senators Charles Schumer and Sherrod Brown, both of whom have been harsh critics of unfair price manipulation. Except when it has to do with domestic tires, or steel. So senators like Schumer and Brown aren’t necessarily opposed to artificial price levels, just those that benefit foreigners at our expense; however, they are in favor of tariffs that benefit select American producers at the expense of all American consumers.
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Tyler Brown is a graduate student in History from Poplar Bluff, Missouri. He is a member of the Ole Miss Chapter of Young Americans for Liberty and a contributor to UMFreedom.com.
How Much Taxes Will YOU Pay?
I recently stumbled onto an interesting site. MyGovCost.org takes an estimated projection of the growth of government expenditures and the information you give them about yourself to estimate the amount of taxes that you will be paying in the future.
It tells you the total amount of your estimated tax payments over the course of your life. It also breaks this number down into government programs such as Social Security, Defense, Welfare, etc. On top of that, it gives you an estimation of what you could have made had you been allowed to invest your tax dollars into the private market over the same time period.
I recommend checking the site out. It makes the true cost of government hit home pretty hard. Let us know what you think!
The Health Care of Obaminations — Time for Nullification
Democrats have just provided us with the largest expansion of the welfare state since Republicans did the same under George W Bush. But why, exactly, is Obamacare so atrocious?
For one, it represents a transfer of wealth. The many are taxed to pay for health insurance premiums for the few. Thirty-five million people (and Big Insurance) will enjoy the benefits of the money earned by the over two hundred million who actually worked for it.
Well of course they support it…
The health insurance industry announced its support for Obamacare. Gee, what a surprise. It wants the federal government to create more than 30 million new customers. What a parcel of rogues for a nation!
Read the full article here.
Ron Paul Returns $100,000 to the Treasury
Ron Paul truly walks the walk on fiscal conservatism:
Like him or hate him, Dr. Ron Paul doesn’t just talk a big game about fiscal conservatism, he lives it. In 2008, his congressional office returned $58,000 to the Treasury. In 2009, his office returned $90,000. Now, according to an official press release, Dr. Ron Paul’s congressional office has just paid back $100,000.
Not that $100,000 is going to make a serious dent in our fiscal imbalances, but Paul demonstrates the responsibility our government needs. The article also suggests:
If President Obama claims that he is serious about reigning in the runaway debt, perhaps he should install Dr. Ron Paul as the CEO of the bipartisan deficit commission. It appears he’s the only one in the federal government with the track record to speak with the highest degree of credibility.
By Preston Mui
“Fear the Boom and Bust” by Econstories.tv
Check out this great rap explaining the pitfalls of Keynesian economics from the Austrian perspective.
Audit the Fed, Then End It!
There are not too many topics that Americans seem to shy away from politically. Unfortunately, however, one of those topics we don’t like to talk about just happens to be the most important. The monetary system in this country receives absolutely no airtime on the major media networks. There is no debate about monetary creation during the presidential races. And, amazingly, most Americans don’t even know where their money comes from and how it receives its value. This is a trend that truly needs to change before America will be able to break the horrid boom and bust cycle of our economy.








