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Poverty Capitalism in 2014 – Introducing Private Probation Companies

libertyblitzkrieg.com / Michael Krieger / Aug 28, 2014

As N.P.R. reported in May, services that “were once free, including those that are constitutionally required,” are now frequently billed to offenders: the cost of a public defender, room and board when jailed, probation and parole supervision, electronic monitoring devices, arrest warrants, [...]

Feeling Worthless? The 10 Majors Most Likely To Lead To Underemployment

zerohedge.com / by Tyler Durden / 08/27/2014 09:09

When it comes to worthless majors, it is no secret that “liberal arts” are at the top of the heap. This is the conclusion of not just the real world: a recent survey of 68,000 workers by salary information firm PayScale confirmed as [...]

‘Nobel’ Prize Winners Rail Against Income Inequality

thedailybell.com / By Staff News & Analysis / August 25, 2014

Nobel gurus fear globalization is going horribly wrong … An interconnected world was meant to reduce inequality – but that doesn’t seem to be happening. David Ricardo’s Theory of Comparative Advantage has broken down after 200 years, or so [...]

Crony Capitalism 101: Want To Avoid The SEC? Bribe Your Friendly, Neighborhood Politician

zerohedge.com / by Tyler Durden on 08/13/2014 20:25

Forget conjecture – Crony Capitalism is alive and well at The SEC and a new study proves it statistically. As The LA Times reports (via IBT), Maria Correia’s research finds that – perhaps not surprisingly – the more a company spends on political donations, [...]

The Regime Uses Words And Phrases Designed To Bamboozle Us All

alt-market.com / Bob Livingston / 11 August 2014 17:22

This article was written by Bob Livingston and originally published at Personal Liberty Digest

Most longtime readers know that I have often warned that our government has evolved into benevolent totalitarianism.

This is a gentle term for fascism. No, we don’t have the jack boots [...]

Tax Cuts Are Only for the Powerful

mises.org / by Crosby Kemper III and Rex Sinquefield / Tuesday, August 12, 2014

Ninety-seven years ago, a small but ruthlessly determined band of revolutionaries set out to prove that it would be possible to achieve material happiness — and social justice — by replacing free markets with economic planning.

Who Gains & Who Loses From Ex-Im Bank (In 2 Simple Maps)

zerohedge.com / by Tyler Durden on 08/04/2014 20:47

In an effort to expose the effect of Ex-Im Bank’s financing (costs and benefits) on America, Mercatus Center has created 2 charts. Perhaps unsurprisingly, the maps show that Washington state, home of Boeing, garners the bulk of the benefits in terms of both Ex-Im Bank disbursements [...]

Red Capitalism’s Porous Veins: Why Beijing’s Rulers Struggle With The Deluge Of Flight Capital

davidstockmanscontracorner.com / By David Stockman / July 15, 2014

The Wall Street Journal carried a story yesterday indicating that China’s major banks have halted an experimental program, sanctioned by the country’s central bank, that helped citizens transfer large sums overseas. Among other places, this huge tide of flight capital ended-up in affluent west [...]

Time For Regime Change At The Eccles Building: Interest Rate Pegging Is Destroying Capitalism

davidstockmanscontracorner.com / by David Stockman / July 10, 2014

The S&P500 jerked higher yesterday afternoon when the Fed minutes revealed no new information on the dreaded day when interest rates begin to rise. In other words, the stock market is one sick puppy—utterly addicted to the Fed’s baleful regime of ZIRP.

Why Killing The Ex-Im Bank Is Crucial To The Future Of Capitalism

davidstockmanscontracorner.com / by David Stockman / July 8, 2014

The surface facts make abundantly clear that the case for the Ex-Im Bank is truly lame. In the most recent year (2013), its credit guarantees and other programs accounted for $37 billion of exports or less than 2% of the $2.2 trillion of exports [...]

How to Die Poor

acting-man.com / Bill Bonner / July 8, 2014

No Respect for Capitalism

“The game of speculation is the most uniformly fascinating game in the world. But it is not a game for the stupid, the mentally lazy, the person of inferior emotional balance or the get-rich-quick adventurer. They will die poor.”

– Jesse [...]

Is It a Contradiction?

mises.ca / James E. Miller / Saturday, July 5th, 2014

Is anarcho-capitalism a contradiction?

Neoreactionary writer “Bulbasaur” seems to believe so. In a recent post at the “The Right Stuff” blog, he contends that anarchy and capitalism are always at odds with one another. He issues some deserved criticism at anarcho-capitalist [...]

Why There Will Be No Revolution

garynorth.com / Gary North / June 28, 2014

I recently read an article on the Left-wing website in Great Britain, The Guardian. This has been the most consistently Left-wing publication in Great Britain. It was part of the organized Left as early as the 1920′s, and it has never [...]

When The Herd Turns

zerohedge.com / by Tyler Durden on 06/26/2014 21:47

“In economics, [the mainstream] rely on experts who don’t know what they are talking about,” explains Professor Steve Keen in this brief but compelling documentary discussing ‘when the herd turns’. “Herd behavior is a fundamental aspect of capitalism,” Keen chides, but it is left our of conventional [...]

Understanding the Price Level

mises.ca / Patrick Barron / Sunday, June 22nd, 2014

When I teach Austrian economics, I spend a lot of time explaining the three uses of money–holding, spending, and investing–and how only spending and investing affect the overall price level. This helps my students understand that the total money supply can go up and [...]

CRONYISM IN THE 21ST CENTURY

dollarvigilante.com / Mark E. Jeftovic / 2014/6/20

Ghandi was once asked, “What do you think about Western Civilization?” to which he famously replied “I think it’s a good idea.” He may as well have been talking about free market capitalism.

Capital in the 21st Century has hit the world like a new teen [...]

The Tyranny of Choice

mises.ca / James E. Miller / Friday, June 13th, 2014

My colleague Logan Albright loves attacking the notion that obesity is some kind of national epidemic in America. Starvation was a defining feature of mankind for centuries. It was an insurmountable obstacle that wasn’t overcome until the advent of labor specialization and technological [...]

Is Inequality Caused by Capitalism or Statism?

europac.net / John Browne / Wednesday, June 11, 2014

The French economist Thomas Piketty has achieved worldwide fame by promoting a thesis that capitalism is the cause of growing economic inequality. Unfortunately, he is partially right. However, the important distinction missed by Piketty and all of his supporters is that state capitalism, not [...]

15 Quotes From Our Founding Fathers About Economics, Capitalism And Banking

theeconomiccollapseblog.com / By Michael Snyder / June 9th, 2014

Why have we turned our backs on the principles that this nation was founded upon? Many of those that founded this nation bled and died so that we could experience “life, liberty and the pursuit of happiness”. And yet we have tossed their ideals aside [...]

Nobody Wins Elections Promising to Trim Waste/Fraud and Simplify Regulations

charleshughsmith.blogspot.com / By CHARLES HUGH SMITH / JUNE 04, 2014

The problem in representative democracy is that every instance of waste, graft, fraud and monopolistic racket is somebody’s fat paycheck or government contract. Promising good governance guarantees a losing campaign for public office. The central irony of representative democracy is similar to the central irony [...]

Obamacare: Cash for Crony Capitalism

infowars.com / Kurt Nimmo / May 16, 2014

Maryland, Massachusetts, Oregon and Nevada have gone through nearly a half billion dollars building inoperable Obamacare websites for vastly overpriced state exchanges. For government, though, nothing succeeds like failure, especially if it rewards selected partners in crime, so the feds will continue with little resistance to pour [...]

Senator Mike Lee to Make Election about Crony Capitalism

freedomoutpost.com / By Joshua Cook / May 13, 2014

Republicans could make the 2014 election about business bailouts and crony capitalism, if they wanted.

“If Republicans want to grow their party into a national majority, we must begin, as Reagan did in 1981, by confronting our present crisis: America’s large and growing Opportunity Deficit, namely, [...]

The Launch of Liberty.me – The Great Migration

mises.ca / Jeffrey Tucker / Saturday, May 10th, 2014

I was in a hotel in a strange city but needed to get to a drug store.

Out came the smartphone from my pocket, and I knew in an instant that a CVS was a 10-minute walk away.Saved by the digital age [...]

Honestly, War Is Over

washingtonsblog.com / by DavidSwanson / May 10, 2014

Remarks in Los Angeles, May 10, 2014.

Thank you to Pat Alviso and all the individuals and groups involved in setting this event up. Thank you to Lila Garrett for doing twice what I do at twice my age, including hosting the best radio show around. [...]

Oligarchy in the 21st Century … Get Used to It?

thedailybell.com / By Staff Report – May 09, 2014

Fed Chair Unsure If Capitalism or Oligarchy Describes the U.S. … “Are we still a capitalist democracy or have we gone over into an oligarchic form of society in which incredible economic and political power now rests with the billionaire class?” Sen. [...]

Inequality and Piketty

goldmoney.com / By Alasdair Macleod / 09 May 2014

It is a sign of the times that a 700-page book by an obscure French economist turns out to be a surprise best-seller. Thomas Piketty has been feted by heavyweight Nobel prize-winning economists, such as Paul Krugman, Robert Stiglitz and Robert Solow. These names give [...]

How the Middle Class Lifestyle Became Unaffordable

charleshughsmith.blogspot.com / CHARLES HUGH SMITH / TUESDAY, MAY 06, 2014

There are four structural drivers behind the soaring costs of the middle class lifestyle. Why have the costs of a middle class lifestyle soared while income has stagnated?Though it is tempting to finger one ideologically convenient cause or another, there are four structural causes to [...]

Google+ Reveals the Fragility of Market Power

mises.ca / by Logan Albright / May 6th, 2014

It looks like the last nail is all but hammered into the coffin of Google+, the most dismal failure of a social media platform in recent memory. No one, apart from Google itself, will mourn the passage of this cumbersome, unnecessary tool, but in its demise [...]

Paul Craig Roberts – U.S. Civil Unrest, Crisis & Decline

kingworldnews.com / May 2, 2014

Today former US Treasury official, Dr. Paul Craig Roberts, spoke with King World News U.S. civil unrest, crisis, and decline. Dr. Roberts also discussed foreign nations revolting against the United States imposing its will on countries around the world. Below is what Dr. Roberts had to say in this fascinating [...]

Thomas Piketty’s Improbable Data

mises.org / by Hunter Lewis / Friday, May 02, 2014

Keynes’s keynote book, The General Theory, is loaded with economic theory. There are only two pages of data in that book, and Keynes dismisses the scant data he cites as “improbable.” By contrast, Piketty’s new book, Capital in the Twenty-first Century, is stuffed [...]