Archive for May, 2011
« Previous Entries Next Entries »Milton Friedman on Social Security
Thursday, May 12th, 2011I’m not sure when this talk was given. From the looks of the clothing, I would say perhaps the early 80s. I was surprised to hear Friedman call social security a regressive tax. Maybe that was the case back then, but it definitely is not regressive these days once you factor in benefits received compared [...]
Quote of the Day: Government and Risks
Wednesday, May 11th, 2011This quote from Henry Hazlitt’s Economics in One Lesson: The Shortest and Surest Way to Understand Basic Economics*, stood out to me: The proposal is frequently made that the government ought to assume the risks that are “too great for private industry.” This means that bureaucrats should be permitted to take risks with the taxpayers’ [...]
Barron’s Proposal for Tackling the U.S. Debt
Tuesday, May 10th, 2011The Barron’s cover story from last week (May 2, 2011) gave a brief overview of Paul Ryan’s proposal and then presented their own proposal for tackling the U.S. debt. Their (the article was penned by Gene Epstein) ideas: • A $1.6 trillion 10-year cut in Base Military Spending. The reasoning is that the U.S. military [...]
Government-Subsidized Employment…
Monday, May 9th, 2011This article is timely based on what I read in Henry Hazlitt’s book over the weekend: Unemployed Mother’s Day. The article mentions this paper (PDF). Apparently, there’s a government answer for everything. I don’t like this program and here’s why: If there are only so many jobs available and some people are economically favored over [...]
Stephen Moore: The Tax-Me-More Lobby Doesn’t Pay More
Friday, May 6th, 2011Interesting opinion piece by Stephen Moore in today’s WSJ that says basically what some of us have been saying on this blog regarding those who think the rich should be paying more in taxes. There is a special fund at the Treasury Department for taxpayers who want to make “gift contributions to reduce debt held [...]
The Winner of the “Social Boom” Giveaway
Thursday, May 5th, 2011I just realized that I never announced the winnner of the Social Boom Giveaway. Only fifteen people signed up for this giveaway. I guess AFM readers like investing and financial planning books better. The winner of a copy of Jeffrey Gitomer’s Social BOOM!: How to Master Business Social Media to Brand Yourself, Sell Yourself, Sell [...]
The Broken Window
Thursday, May 5th, 2011Remember when Nancy Pelosi said this after the earthquake in Haiti: “From my own experience with earthquakes, being from San Francisco, I think that this can be an opportunity for a real boom economy in Haiti,” Pelosi said. “It can leapfrog all over its past challenges — economically, politically, and demographically in terms of the [...]
« Previous Entries Next Entries »