In recent years profits have gotten a bad name from many people and politicians. Profits are said to take advantage of others, encourage greed, among a variety of other allegations. These concerns can be legitimate but often miss a crucial point. Profit represents the reward for taking a risk. You wouldn’t start a business if [...]
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David Kretzmann
A White House blog post submitted on August 4, 2009, states that “opponents of health insurance reform may find the truth a little inconvenient, but as our second president famously said, ‘facts are stubborn things.”‘ It continues, “Scary chain emails and videos” are popping up on the internet, attempting to discredit President Obama’s health care [...]
A recent New York Times article by David Leonhardt brings up an interesting proposal to pay for government health care: The numbers show there is only one sure way out of the problem, and, after months of roundabout discussion, that solution has re-emerged: It’s a tax on health care. If Congress taxes health care, the [...]
In today’s age one would expect the principles of slavery and involuntary servitude to be unacceptable under any grounds. What people fail to realize is that while this may be true for individual citizens, what is illegal for citizens is not necessarily illegal for government. The Merriam-Webster definition of slavery is the “submission to a [...]
Judging from the media and political scene today, regulations to “help the environment” or “punish greed” sound too good to pass up. However good increased government regulation and control may sound, it is essential that people consider the regulatory harm that is not directly seen. Today “Cap and Trade” and limiting carbon emissions is a [...]
It’s hard to not go gaga over the ideas and intentions of “stimulus packages” and ramped up government programs. After all, won’t it create a lot of jobs, boost the economy, and lift us out of a rough spot? This is what we’ve constantly heard from politicians and the media especially over the past couple [...]
We live in times when government and central banks monopolize money and make it next to impossible for viable competing currencies to arise, which can make it difficult to see the possibility of other currency alternatives. Picture a new village, untouched by current monetary laws. People begin exchanging goods through the process of bartering. This [...]
The free market is constantly blamed for mistakes made by banks, when in reality the economic problems begin when a free market is overridden with excessive and unnecessary government law, intervention, and agencies. To grasp banking we must first learn and understand fractional reserve banking. The fractional reserve banking system gives banks the chance to [...]
Yesterday Barack Obama unveiled his new financial regulatory proposals. These include greatly expanding the scope of the Federal Reserve’s regulatory duties, creating a government agency to “protect consumers” from the financial industry, and increase government control over many investment and financial outlets. The first problem with this proposal is that it completely disregards how this [...]
One of the greatest misunderstandings we have with government today is its true and proper role. We have seen government continually grow through Republican and Democrat administrations and both parties, come election time, spout the same drivel that they think people will gobble right up. You will notice that at every election the talk is [...]
