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No. The Austrian school doesn't engage in the hubris that a central government can solve the ills of the world. Take a look at the utter failure of every government which has tried. The Austrian school believes that you are better at making decisions for yourself than a government can...

Keynsian economics managed to turn a regular depression into the Great Depression. It helped nobody do anything useful. Think about it. The Great Depression - the one in which Keynsian economics was implemented - lasted many many years longer than any other depression before it. It...

The thing that's mos annoying about the carry trade is that so many people think it's arbitrage. It's a bet on the slope of the curve or a straight up currency bet. What it's not is an arbitrage. It isn't even stat arb because if you hedge it, you will make no money. There's no alpha...

Before the 1930's everything we now define as "recession" was called "depression". The Great Depression was so named because of the length of time that it lasted and its depth. It was also the first time government heavily intervened, which turned a short depression into one that lasted more...

SAC also charges a 4% management fee and most hedge funds charge a 2% management fee in addition to a share of the profits. almost none of the trading companies I've ever run across charge a management fee. It's all a percentage of profits. You might be thinking of that model.

anyone who bases his decisions on the size of the fee rather than the after fee expected return is a dumbass.

So, in your opinion, people who are too stupid to spend all their money while they are alive deserve to have it stolen by government? My children don't see me as much because I work so much. Providing for their future is part of the compensation for giving up a lot of time with them. What...

It is inevitable that when you're whacking someone for their grammatical errors, you will edit out a word to make your own sentence unreadable. "Lived a LIFE you claim...."

Good Lord. The military is one of the few legitimate functions of government, so I'll agree with that point. Americans don't beg congress for nickles and dimes. Where the hell do you think congress gets nickles and dimes? Americans use congress to rob some Americans for the benefit...

Your vast ignorance and insurmountable stupidity is evident in your inability to construct a basic paragraph along with your inability to master basic grammar. Nobody forced you to accept your trust fund. You could have given it all to charity and lived a you claim you find more respectable...

No, YOU need to focus and gain a smidgen of understanding of basic economics. Bailouts for irresponsible banks create moral hazard. Bailouts for irresponsible borrowers creates moral hazard. It's two sides of the same coin. There is no relative argument to be made. Relatively, they are...

Would have had the same effect, Coerced? Was someone standing with a gun to people's heads forcing them to take loans they didn't understand? I remember a lot of morons running around thinking they were genius house flippers but I don't remember all that arm twisting and coercion you're...

Why make it a felony when you can just fine the living crap out of the productive without going through the paperwork and the hiring of more law enforcement officers. Sweet deal for the government. If you want to leave the country in protest, the government rapes you on the way out by taxing...

All the bailouts are bullshit because they all keep alive zombie firms. They force capital out of the hands of the productive and funnel it into value destroying zombie firms - i.e. failed financial institutions, overstretched consumers and the auto makers. GM and Ford have stuffed almost...

During the Great Depression Minnesota did just that. Everybody stopped paying their mortgage since they could not be foreclosed on. Obviously mortgage lenders went out of business and mortgages were nearly impossible to obtain for decades after this little fiasco. For housing prices to ever...

Well, it's hard to argue with that logic. The problem is that we must elect people to government and the elected have no incentive to reduce their power - only to increase it. Truly terrifying.

Soviet Russia raped us of our meager assets on the way out. Nice to see the U.S. going in the same direction [/sarcasm] As far as I could tell from the article on Mondaq, the tax is not only on U.S. assets - it's on worldwide assets.

Thanks for the link and thanks for pointing out that my info was outdated. I read a different article on Mondaq. When the act was first passed, I listened to a lawyer talk about the double tax implications and the constitutionality of this double tax. They may have just decided to remove...

Yes, I suppose you can immigrate to the United States. As a person who has done that and who went through the process again with my spouse, I can tell you that it is incredibly difficult to do. One of the things that will be considered is that you renounced your citizenship in the first place...

As far as I can tell, the Heart Act applies only to military and ex-military personnel.