Why the Titanic is sinking

One misunderstanding that gives the public a false view of government is the philanthropic illusion. This is the idea that government has money, that it is like a wealthy philanthropist with extra cash to give to needy people and worthy causes. In fact government has no money of its own. The money it spends has to be first taken away from taxpayers, and if you do the arithmetic carefully, tracing out all the indirect and shifted burdens of taxation, you will discover that everyone is a taxpayer. Therefore, to get money for its spending programs, government inflicts privation on everyone, including low-wage workers, college students, the homeless, and so on, and it drains resources from vital activities like technological innovation, medical care, job creation, and so forth.

http://www.thefreemanonline.org/featured/why-the-titanic-is-sinking-2/

What is socialism and why is it immoral?

Yaron Brook, from the Ayn Rand Institute, discusses the immorality of socialism.

http://www.youtube.com/watch?v=-mOFjIxgxtc

Cartobama

Ayn Rand on a Mixed Economy

“A mixed economy has no principles to define its policies, its goals, its laws—no principles to limit the power of its government. The only principle of a mixed economy—which, necessarily has to go unnamed and unacknowledged—is that no one’s interests are safe, everyone’s interests are on the public auction block, and anything goes for anyone who can get away with it. Such a system—or, more precisely, anti-system—breaks up a country into an ever-growing number of enemy camps, into economic groups fighting one another for self preservation in an indeterminate mixture of defense and offense, as the nature of such a jungle demands. While politically a mixed economy preserves the semblance of law and order, economically it is the equivalent of the chaos that had ruled China for centuries: a chaos or robber gangs looting –and draining the productive elements of the country.”

http://blog.aynrandcenter.org/in-a-mixed-economy-regulations-always-grow/

Unintended Consequences - Eric Sprott

03/06/12 2012 is proving to be the ‘Year of the Central Bank’. It is an exciting celebration of all the wonderful maneuvers central banks can employ to keep the system from falling apart. Western central banks have gone into complete overdrive since last November, convening, colluding and printing their way out of the mess that is the Eurozone. The scale and frequency of their maneuvering seems to increase with every passing week, and speaks to the desperate fragility that continues to define much of the financial system today.

http://dailyreckoning.com/unintended-consequences-3/

Why buy the cow?

The communist revolutions in the 20th century sought to nationalize the wealth generated by privately held industries back to the “exploited” workers on whose backs the profits were supposedly derived. America has made the rejection of this idea and its support of free market principles the centerpiece of its economic narrative. However, as a result of our current and proposed tax policies towards corporate shareholders, our government collects a portion of industrial output that would inspire envy in even the most rabid Bolshevik.

http://www.europac.net/commentaries/why_buy_cow by Peter Schiff

Say it can't happen

The Irony

The food stamp program, administered by the Department of Agriculture, is pleased to be distributing the greatest amount of food stamps ever. Meanwhile, the US Park Service, an agency also under the Department of Agriculture, has been known to post the following warning: "Please do not feed the animals as they may grow dependent and not learn to take care of themselves"