How Free Things Can Destroy Incentives

Sunday, the 20th of December 2020

When food aid was sent to Haiti after it suffered a devastating earthquake in January 2010...

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What Would Happen if the U.S. government were to Abolish the Federal Income Tax?

Monday, the 2nd of November 2020

Obviously, the Federal Government would bring in approximately $3.7 trillion fewer dollars...

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What Has Government Done to Our Money?

Thursday, the 17th of September 2020

Starting in 1793, shortly after the Continental Dollar was printed into oblivion, the United States minted copper coins, followed by silver (1794) and gold (1795) coins. The government had learned its lesson...

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A Graphic Demise of the U.S. dollar

Tuesday, the 11th of August 2020

Back in the 1970s when I was in college, the United States was experiencing price inflation and as an economics major, we studied money and inflation. In fact, my dad even wrote a book...

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The Price of Free

Thursday, the 21st of May 2020

Both political parties are trying to bribe voters with “free” things. There’s...

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The Problems with Bernie

Sunday, the 22nd of March 2020

Bernie Sanders has 3 primary ideas he’s promoting in his 2020 presidential campaign...

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The Problems with Socialism

Thursday, the 5th of March 2020

The first problem with socialism is that it means different things to different people. For some people...

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Why Have Living Standards Declined in the United States?

Tuesday, the 16th of July 2019

The simple and short answer is...

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The Free Market is Failing Us?

Saturday, the 2nd of February 2019

You’ve got to be kidding! We...

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Why I'm So Down on Government

Monday, the 11th of June 2018

Some people ask me, “Why are you so down on government?” The answer is...

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The World's Greatest Economic Experiment? Or More of the Same?

Monday, the 12th of March 2018

Some people call the U.S. Fed’s monetary policies in recent years “the world’s greatest economic experiment.” But an experiment is usually a course of action the results of which are not known in advance.

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Trade Wars Coming Up

Monday, the 5th of February 2018

I recently read an article about the burgeoning trade war between the United States and China with the introduction of tariffs on solar panels and washing machines. The author made several points...

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Bitcoin: Fad, New Monetary Order, or Something in Between?

Sunday, the 31st of December 2017

Bitcoin has been in the news a lot lately, sometimes for its wild multi-thousand dollar price swings and sometimes because someone holding an important position with a government or major corporation has spoken out about it. Why is it such a controversial topic?

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Tax Reform

Thursday, the 30th of November 2017

Have you ever wondered how we got to the point where we need tax reform?

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What Happens When Governments Manipulate the Markets?

Friday, the 27th of October 2017

In today’s world, where market information serves not only as a signal to buy or to sell, but also as an overall indicator of economic health and direction, accurate information is more important than ever. Of course, that hasn’t stopped almost every country in the world from meddling in the calculation of indicators and the economic affairs of its citizens.

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The Nature of Government—Conclusion

Saturday, the 30th of September 2017

Along the road to total government control, we may notice some of the landmarks that were seen in Rome, France of the 1790s, Germany's Third Reich, Zimbabwe, and Venezuela. How many of these landmarks do you recognize in the United States today?

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The Nature of Government

Thursday, the 31st of August 2017

I’m always amazed at how few people understand the nature of government.  Government is an instrument of force.  It promulgates laws, enacts rules and regulations and then enforces them.  This is fine, as long as...

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It's Too Late, Shelley

Monday, the 31st of July 2017

I recently read a quote from U.S. Senator Shelley Moore Capito (R-W.Va.), in which she reportedly stated, “I did not come to Washington to hurt people.” She was apparently talking about the Senate’s attempt to repeal the Affordable Care Act or parts of it. She obviously thinks that the Affordable Care Act helps people and doesn’t think about the people it harms. Her comment made me wonder...

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’Til Debt Do Us Part

Friday, the 30th of June 2017

Debt is still the #1 problem for the U.S. government, state governments, businesses, and individuals. And this problem won’t go away as long as money is available to be borrowed at exceptionally low interest rates. In short, more debt is being encouraged by the fed’s (and other central banks’) policy of low-to-no interest rates.

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How Do the Amish Compete in Modern Society?

Thursday, the 18th of May 2017

The Amish. They use horses and buggies for transportation.... They clearly are living as was done back in the late 1800s or early 1900s.... So how do they compete?

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The More Government Does, the More it Takes Away

Tuesday, the 25th of April 2017

When a government taxes you, most people would agree that it’s taking away a percentage of your money.  And because time is money, a taxing government is taking away a percentage of your life.  If it takes 50% of your income, it owns 50% of you.

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International Trade

Thursday, the 30th of March 2017

Take a look at the labels around you. The labels on the products you use every day. You might discover that your phone is from Korea or China, your clothes were made in Indonesia or Pakistan, and your bananas were grown in Colombia. What if everything that didn't have a "made in the USA" stamp suddenly doubled in price?

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