This video is a couple weeks old, but it is absolutely magnificent. Rand Paul demolishes a bureaucrat and masterfully outlines why bureaucratic red tape restricts freedom and hurts individuals. Beautiful.
As a lifelong vegetarian, no style of meat production is particularly appealing or justifiable to me. However, despite my herbivore bias, I still see an ethical dilemma present in current industrial meat facilities. Little respect is given to the conditions and treatment of the animals in industrial facilities. Animals rarely see the light of day […]
When President Franklin Roosevelt signed the National Industrial Relations Act on June 16, 1933, the National Recovery Administration (NRA) was created. The NRA, one of the major components of Roosevelt’s “New Deal” legislation, was created in response to accusations of “cutthroat competition” and the need for “fair competition.” Economic historian Thomas DiLorenzo explains the “NRA […]
Today it was announced that banks foreclosed on 288,345 houses in the past three months, the highest amount of foreclosures in any three-month period since 2006. It’s estimated that 1.2 million homes overall will be foreclosed in 2010. Well, gee, looks like government bailouts of the financial industry have paid off! Despite hundreds of billions […]
The FDIC attempts to universalize risk in banking. Regardless of whether or not you even deposit money in a financial institution, whether or not you discriminate between different banks and the practices thereof, we are forced into subsidizing risk through government deposit insurance. The FDIC normally guarantees deposit insurance up to $100,000, while the insurance […]
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 […]
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 […]