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All governments are evil because that kind of concentrated power attracts those who seek power over others. That's why the founding fathers did what they could to limit the power of government.

You have to be very careful if you want to avoid being taxed by NY. The state is very aggressive in going after people for taxes it thinks they owe because the whole state is a giant, stinking turd and they still haven't learned that the state can actually collect more money by lowering the tax...

I think that changed with the HEART legislation last year. Now, it's 30 days.

When you give up your citizenship (IF the US agrees to allow you to give up your citizenship - it can be as hard as giving up your Soviet citizenship), you may NOT return to the United States for 10 years. When you are allowed to return, if you spend more than 30 days in the country, you will...

So, let me get this straight... You disagree with the guy and suddenly his opinion borders on "fraud". The ability to say what you want - even if others don't like it - is what separates this country from most other tyrannies. Is anyone holding a gun to your head forcing you to trade on...

Well, you're talking about something different from what I'm talking about. I'm talking about the danger of government power under ANY administration. Incentives don't change - only the interest groups change. However, there were plenty of us alarmed at the Fed's willingness to stomp on...

Your anger at the banks is misplaced. Government has all the power. Much of what the banks do and/or did is because government forced them to. Banks don't have the power to impoverish anyone. The government always does. If banks harness government power, then it's unsurprising. We...

No, they do much more than that. You're right, they can't control all the interest rates, but the Fed can very effectively control the short term rate and that does have an impact on the longer term rates.

Yep, that's what the Politburo kept telling the Soviets....until 1991.

Hard currency is always changing. Suslovic is essentially saying that the United States currency will no longer be considered hard currency in the future because the U.S. will be an economic mess as compared to other countries. With currency, it's all relative.

http://en.wikipedia.org/wiki/Hard_currency

Allowing the central planning of interest rates and the printing of currency is the sad mistake of humanity.

"borrow" implies something voluntary on the part of the banks. In fact, the FDIC will wrest money from those banks under threat of the iron fist of government coming down on them like...well, an iron fist. Welcome to the Brave New World, where prudence is punished and punished severely.

No, it isn't. Regulation ensures it's not a level playing field.

the Bama's grasp of basic economics is as slippery as a two year old's. But I don't think he's worse than FDR.

Market excess are self-correcting (idiots are cleaned out). What I want to know is who is going to reign in GOVERNMENT EXCESSES?!!

What about the Swiss Franc? Seems like it would be a safe harbour currency.

Al Gore is not going to like that.

Right. You just described stagnation. The thing is that the material wealth of the poor in the U.S. is about the level of material wealth of the middle class in Europe (PPP adjusted). From a macro perspective, all these taxes just stagnate the country and keep everyone poorer than they could...

I thought it was the IRS