I often refer to the Federal Reserve as a secretive and dangerous agency, but many people don’t understand what I’m specifically talking about. Publicly, the Fed participates in hearings in Congress, and it generally seems accountable to the President and Congress. Few understand there is information that Congress and the American people are prohibited to […]
It now appears that General Motors might accept bankruptcy as a solution, after all. New CEO Fritz Henderson says, “If it’s required, that’s what we’ll do.” Oh, great. After giving GM and Chrysler $17.4 billion in taxpayer dollars with a likely promise of more, this is an unexpected and somewhat pleasing turn of events. GM […]
Antitrust laws have gone increasingly unquestioned since they were created in 1890 by the Sherman Antitrust Act. It is said that “monopoly power” leads to restrictive trade, higher prices, and decreased competition. While this statement certainly has truth, very few people understand it and the issue most definitely is not solved through the antitrust laws […]
It was in the 1750s when taxation without representation began gaining political steam in the American colonies. The colonists were frustrated by the fact that King George and a powerful British Parliament were able and willing to lay taxes on people who did not have any direct representation of the government. What’s important is that […]