Elizabeth Warren's Latest Viral Video–A Little Too Convenient?

Apparently a man showed up at a volunteers meeting for Elizabeth Warren’s Massachusetts Senatorial campaign in order to do the following: announce he is unemployed, identify himself as anti-Occupy Wall Street and pro-Tea Party, call Elizabeth Warren a socialist whore, claim that Obama was born in a foreign country, and then walk out, all in (more…)

Peter Schiff at Occupy Wall Street

I don’t know where Peter Schiff gets the patience to go down to Wall Street and try to explain economic principles to the protesters there. To their credit many are reasonable, but others won’t accept his arguments even though they have none of their own. [youtube=http://www.youtube.com/watch?v=UGL-Ex1CD1c]

Corporations Don't Pay Taxes, People Do!

It is my view that the corporate tax rate should be zero for the exact reasons laid out in this mainstream media report intended, as usual, to make us conclude the opposite of the truth–in this case that corporations should pay more taxes. Biggest Public Firms Paid Little US Taxes, Study Says Complex corporate tax (more…)

Income inequality is increasing. So what’s the big deal?

In a truly free society there would be no way for anyone to amass great wealth or earn high levels of income without offering a product or service commensurately valuable to the individuals in society—the nature of voluntary exchange guarantees that. But do we have a truly free society? People are upset about a CBO report showing an increase in income inequality between the highest earning 1% and lesser paid earners. But why exactly? I don’t think people are upset because they think it’s unfair

Stick with What You Know: The Vatican on Economics

The Vatican has just released a Note on Financial Reform from the Pontifical Council for Justice and Peace. I am reading it with horror on many levels. As I attempt to fully digest its contents (without losing my lunch), I thought I would pass along the following great article on a similar subject by Tom (more…)

Mommy, do you love America?

When my seven-year-old daughter asked me this question last night, I was gutted. Do I, the daughter of a Harley-riding, ultra-conservative, flag-fying war veteran, love America? I, the liver of the American Dream? Granddaughter of orphan and immigrants, waitress and community college student-turned-Harvard and Stanford grad, do I love America?