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Tag Archives: taxes
Albert Einstein’s Eighth Wonder of the World
“It’s a stupid way to run a country,” remarked Maya MacGuineas over the Thanksgiving holiday weekend. MacGuineas, head of the Campaign to Fix the Debt, was commenting on Congress’s failure to operate within a budget. “Change comes from two possible … Continue reading
Posted in Government Debt, MN Gordon
Tagged congress, debt, default, dollar, interest rate, taxes, treasuries
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Playing with Fire
The great default is rapidly approaching. Time is running out. Like a runaway freight train…there’s no stopping it. To start, the U.S. government is broke. The only thing keeping the lights on in Washington is $1 trillion per year of … Continue reading
Posted in Government Debt, MN Gordon
Tagged debt, default, dollar, janet yellen, monetizing debt, retirement, taxes
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Stunting the Lives of Millions
An extraordinary occurrence took place last Friday. Congress let a temporary $5 billion food stamp stimulus from the 2009 Recovery Act expire. We can’t recall ever hearing of a federal program becoming smaller. Can you? As a result, one in … Continue reading
Posted in MN Gordon, Politics
Tagged congress, food prices, food stamps, freedom, government meddling, taxes
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Property Confiscation Is Coming
Outright property confiscation by governments is something that’s ardently disparaged here at the Economic Prism. There’s no justification we can rationalize for state sponsored theft. This includes penalizing those who are young and healthy with a disproportionate burden of a … Continue reading
Posted in Government Debt, MN Gordon
Tagged collapse, currency, debt, default, freedom, government meddling, international monetary fund, taxes
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