Austro-libertarians should also be wary of the collectivism inherent in Schiff's (and other anti-trade deficit) articles. Unless you are a shareholder of Alcoa, what do you care who owns it? Why does it matter if those "future profits" are earned by Australians instead of Americans?
To conclude then, as long as the pool of real funding available to Americans is still growing, and as long as the growth momentum of liquidity is heading up, US financial markets will remain well supported regardless of the yen carry trade.
How do you restore the dignity supposedly missing from our capitalist society?
of Bush’s $3 trillion budget for FY 2008, but why is the “conservative” Heritage Foundation praising the president for—are you re
The income tax should be repealed, not replaced. The IRS should be gotten rid of, not renamed. Tax reform should reduce taxes, not be revenue neutral. Government theft of the wealth of its citizens should be abolished, not adjusted. The FairTax should be called the Fraudulent Tax.
What needs to be understood clearly is the mischievous nature of the governmentally sheltered fractional-reserve banking system. In terms of the relative frequency of "boom-bust" cycles, we find ourselves precisely where we were without the "monetary policy".
Gregory Bresiger draws the parallels: an unpopular war, a big-spending Republican president, an economy threatened by price controls.
Steve Forbes's plan for a flat tax seems good, writes Laurence Vance. But there are major problems.
Robert Murphy says that linking government deficits to private savings and growth is not merely inaccurate; it is exactly backwards.
