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The Giant Ponzi Scheme That is the “Welfare” State

“The problem [with modern social welfare states] is that they always run out of other people’s money” Margaret Thatcher In modern Western society, we have become accustomed to the idea that the...

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Alternatives to the Crumbling Welfare State

“A government big enough to give you everything you want is a government big enough to take from you everything you have.” Gerald R. Ford, 38th President of the United States The welfare state is a...

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The National-Socialist Legacy of Chávismo in Venezuela

  Loved by some and hated by others, Hugo Chávez was arguably one of the most influential Latin American leaders in recent history. After his death earlier this month and with new presidential...

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The European Union: Bailing Out Banks, Politicians While Sticking It to the...

- May 2010: Greece receives an initial €110 billion bailout - November 2010: European governments bail out Ireland to the tune of €85 billion - January 2012: Second €145 billion Greek bailout deal...

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The Myth of Austerity

The Merriam-Webster online dictionary’s definition of austere is “giving little or no scope for pleasure”. In the economic sense austerity, according to Investopedia, refers to the following: “A state...

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If Not Budget Cuts, What Is Troubling Europe?

My previous blog post concluded that the widely reported budget cuts as part of  “austerity measures” that are supposedly being implemented across Europe are really not all they are being trumped up to...

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Will We Even Know About the Next Eurozone Bailout?

When I was on the Liberty in Exile podcast last week (see archive here), host Yaël Ossowski mentioned an article on the website of the European Commission detailing the “next steps for a closer...

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The (Non)sense of Lawmaking

After reading or hearing another news report of a politician, economist or special interest spokesperson advocate, the sheer ignorance and arrogance of such supposed do-gooders never fails to bewilder...

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How Economic Freedom can Create Economic Growth

When citing the economic growth of China and India as an example of how freeing up trade brings prosperity, a common counter-argument is that the vast size and populations of those countries skews the...

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Job Creation = Economic Growth?

In the media we often hear politicians and pundits talk about job creation in relation to economic growth, the underlying assumption presumably being that there is a causal relationship between the...

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How the Obama Presidency Widened the Wealth Gap

Despite breaking just about all of his campaign promises, insisting on his authority to legally kill American citizens even on U.S. soil and the recent string of scandals in his administration, Barack...

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The State-Granted Pharmaceutical Monopoly

A previous blog post summed up some of the disastrous consequences of the Affordable Care Act, more commonly known as Obamacare. Now that socialized healthcare dominated by the pharmaceutical industry...

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True Healthcare Requires a Free Market

Last week’s blog post dealt with the health crisis we are witnessing in the developed world and the role the State-granted pharmaceutical monopoly plays in this crisis. Rather than dwell on how or why...

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Monsanto: Poster Child of Corporatism

In an unprecedented display of utter disgust against a single corporation, millions of people of all different walks of life, nationalities, races and political persuasions in fifty different countries...

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Monsanto: Poster Child of Corporatism (Part II)

My last blog post summed up some of the risks of genetically modified organisms (GMOs) foreseen by some even prior to the introduction of GMOs into the food supply. Since going over all of the risks...

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The Farce Called “National Security”

For NSA whistleblower Edward Snowden the summer did not get off to a good start, as the United States government announced it is charging him with espionage for exposing the NSA’s secret spying on...

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The Edward Snowden Distraction

Where is Snowden? Hong Kong? Russia? Cuba? Ecuador? Where did he go? Why is he there? Where will he go next? What countries might give him political asylum? Or will he be extradited or simply taken out...

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Crushing Health Freedom in the Name of Protecting Your Health

It has been mentioned before on this blog that contrary to the impression one might get from listening to politicians and the media, there really is no free market in healthcare today – which would...

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Big Government and Big Business: Two Wings of the Same Bird

“If government has nothing to sell, bribery is useless.” Ron Paul Common sense dictates that whenever two or more parties can reach an agreement that benefits all parties involved, the deal will be...

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Big Government Failure and the Fall of Detroit

Once the automobile manufacturing capital of the world, the fourth most populous city in the United States and with one of the highest per capita incomes, Detroit is now bankrupt. That is, the...

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