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European Debt Crisis Threatens the Dollar

European Debt Crisis Threatens the Dollar

The global economic situation is becoming more dire every day. Approximately half of all US banks have significant exposure to the debt crisis in Europe. Much more dangerous for the US taxpayer is the dollar's status as reserve currency for the world, and the US Federal Reserve's status as the ...

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Reads: 730

Time for an Economic Bill of Rights

Time for an Economic Bill of Rights

Henry Ford said, “It is well enough that the people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.”  

We are beginning to understand, and Occupy Wall Street looks like the beginning of the ...

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Reads: 650

CNN Defends the Fed – Calls Ron Paul Economically Illiterate

CNN Defends the Fed – Calls Ron Paul Economically Illiterate

Every 2012 contender attended college. They all graduated. They went to schools like the University of Pennsylvania, Columbia, Texas A&M, Morehouse, Penn State and Emory. But decades have passed since these Presidential candidates first stepped onto campus as freshmen. Is it time for an Econ ...

Read more: CNN Defends the Fed – Calls Ron Paul Economically Illiterate

Reads: 831

GOP 2011 State Senate Races in Virginia Too Much Money, Not Enough Message

GOP 2011 State Senate Races in Virginia Too Much Money, Not Enough Message

In a hard fought campaign for the Virginia State Senate with 27 challengers, it would stand to reason that that the GOP would have won more than 2 seats (as of this writing, it looks like Republican Bryce Reeves will win against Democrat Edd Houck, but the race is still too close to call).  Last ...

Read more: GOP 2011 State Senate Races in Virginia Too Much Money, Not Enough Message

Reads: 688

ECB Preparing Italy Bailout, Massive Inflation Coming

Italy's 10 year bond yields rose above 7% on Wednesday and economists from around the world are now proclaiming that these interest rates are unsustainable with Italy's national debt now 120% of its GDP. NIA believes the ECB is currently working on their largest bailout in history where they will ...

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Reads: 818

Land Ownership and the Federal Reserve

Land Ownership and the Federal Reserve

Ingo Bischoff on Why Land Cannot Be Owned, Why the Federal Reserve Was "Good" Once and What Needs to Be Done to 'Take Back' America 

The Daily Bell is pleased to present an exclusive interview with Ingo Bischoff (below).  Introduction: Ingo Bischoff is the president of the San Francisco ...

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Reads: 1083

China Runs Out of Money

China Runs Out of Money

Companies' cash is drying up, with dire consequences for their workers ... Unpaid wages in China ... Efforts to curb inflation in China are having some painful side-effects. A squeeze on bank lending has prompted some businesses short of cash to stop paying wages to blue-collar workers. Even the ...

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Reads: 953

Corporatism Is Not Capitalism

Corporatism Is Not Capitalism

7 Things About The Monolithic Predator Corporations That Dominate Our Economy That Every American Should Know

Right now, there is a lot of talk about the evils of "capitalism".  But it is not really accurate to say that we live in a capitalist system.  Rather, what we have in the United ...

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Reads: 1200

The Consumption Tax: A Critique

The Consumption Tax: A Critique

The Alleged Superiority of the Income Tax

Orthodox neoclassical economics has long maintained that, from the point of view of the taxed themselves, an income tax is "better than" an excise tax on a particular form of consumption, since, in addition to the total revenue extracted, which is assumed to ...

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Reads: 738

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