Minnesota is considering privatizing some of its assets. If this turns into a trend, it could point to a libertarian revival someday. Let's hope so!

The Bible prescribes a Year of Jubilee every fifty years. What's involved with this tradition? At first glance, it's an obvious "reset" economically speaking. Debts are canceled. Land is returned. Since the law of Jubilee was given at a time when Israel's government was minimal--judges only--it's difficult to know whether or not this "reset" applied to government, too. Thomas Jefferson recommended armed revolution every 20 years to roll back government corruption. Might the year of Jubilee be a means of doing just this? Was this part of its intent?

Social Security: the biggest Ponzi scheme ever!

The Austrian school of economics suggests the M3 money supply is more closely related to inflation than, say, CPI (Consumer Price Index). M3 growth represents the new money "printed" (created out of thin air) by the Fed, the bulk of which is in lending to banks. As the money supply grows, the value of each dollar is diminished. (In other words, inflation is essentially government-sponsored theft of your net worth.) Inflation, then, is properly defined as the growth in the money supply and its requisite loss of value, and not the growth in prices, the latter being an effect of the former. » read more »

When Rick Wagoner, CEO of General Motors, went to Washington recently to ask for federal aid, he flew there in a corporate jet. Some of the members of Congress confronted him about this. However, GM has made it clear that they understand that the current economic climate means cutbacks for everyone, even their own executives. So, even as they petition Congress for hundreds of millions of freshly printed dollars, they are returning two of the company's leased jets. » read more »

As always, the government has taken a bad situation and made it worse. It seems the gas shortages in GA are due to the EPA's regulations that force us to use "cleaner" gasoline which isn't as available. Of course, their relaxation of this illegal regulation came too late, so the shortages are supposed to last several more days. To make matters worse, GA's governor enabled the "no price gouging" regulation--in stupid defiance of the Law of Supply and Demand--insuring the shortages will be extended artificially and unnecessarily. » read more »

This blog post does an excellent job of demonstrating how inflation, not oil companies, is responsible for rising gasoline prices.

Remember, the government doesn't get its income from taxes. It gets its income from printing money. The tax money we send in is most likely just dumped on a fire in order to cap the rampant inflation generated by the Fed.

As Vox points out, it appears the leaders of the Massachusetts government could use one:

Apparently the Law of Supply and Demand still comes as a bit of a shock to some. What, you mean you can't subsidize the cost of health care without increasing the demand for it?

Now in Massachusetts, in an unintended consequence of universal coverage, the imbalance is being exacerbated by the state’s new law requiring residents to have health insurance. » read more »

Many credit/charge* cards accrue bonus points that can be exchanged for gifts, gift cards, cash, etc. Many of these cards also offer the chance to change these points in for a charitable contribution to any charity of your choice. Often, the exchange value for such contributions is better than the exchange value for cash or goods. » read more »