Citing a TechCrunch article indicating that the SEC is shutting down Prosper.com, Jason Kolb comments on The Money Mafia known as the Federal Reserve system. There is some merit to what he has to say, but I think he overlooks the most important points. I wasn’t able to leave a comment at Jason’s [...]
I’d argue that the world was already flooded with “funny money” by Nixon’s unilateral repudiation of the Bretton Woods agreement in 1971 (more on that, below) but even still, when the Financial Times is pimping a return to gold-backed money, what’s next, flying pigs?
When Richard Nixon destroyed the Bretton Woods International Monetary System in 1971 [...]
According to the Financial Times (all the news that’s fit to print), in the last week, the world’s economies lost 80,000 jobs. I have one question: How?
Seriously, how in the hell does something like this happen? The world did not stop turning.
These 80,000 people don’t want to be poor. They [...]
Responding to Taxation Really Is Theft, smally pointed me to four essays by Liz Anderson (forgive my familiar tone; “Elizabeth” is just too formal for me to keep typing) which were, in smally’s opinion, the most comprehensive arguments he’s encountered, against the “Taxation is Theft” argument.
I can save you a lot of time: at no [...]
