The line between political truth and literary fiction is getting very blurry. One of the main features of Ayn Rand’s Atlas Shrugged was the choice of productive people to withdraw their talents from the economy to deprive the statists of a source of loot. Who would…
Daily Analysis
Unemployment at 9.1 Percent: Heckuva Job on that Stimulus, Mr. President!
Based on this morning’s numbers, I’ve updated my chart showing what the Obama Administration said would happen with the so-called stimulus compared to what actually has happened. As you can see, the unemployment rate is about 2.5 percentage points higher than the…
Limousine Liberals: The Parody Has Become Reality
In the past, I’ve joked about “limousine liberals,” which is a phrase for elitist left wingers who pretend to identify with average people while living the good life. I’ve even mocked these folks on TV. But I always thought the term was symbolic. Not anymore. Here’s a…
Private Digital Money and the Fight Against Oppressive Government
I’m depressed about the global network of tax police being organized by the OECD and high-tax governments. If successful, it will lead to much bigger, more oppressive government. But maybe there’s a way of fighting back. Here’s a video from the folks at Reason TV…
A Mind-Boggling Example of Government Waste
All I can say is that I’m thankful the United States is not part of the European Union, at least if this little tidbit from the UK-based Telegraph is true. American politicians waste a lot of money, but even I doubt they ever spent tax dollars on something that is…
With the Support of the Obama Administration, Paris-Based OECD Now Wants De Facto World Tax Organization as Part of its Anti-Tax Competition Campaign
I’ve been battling the Organization for Economic Cooperation for years, ever since the Paris-based bureaucracy unveiled its “harmful tax competition” project in the late 1990s. Controlled by Europe’s high-tax welfare states, the OECD wants to prop up the fiscal…
The “I-Told-You-So” Blog Post about the Completely Predictable Failure of the Greek Bailout
Way back in February of 2010, I wrote that a Greek bailout would be a failure. Not surprisingly, the parasites at the International Monetary Fund and the political elite from other European nations ignored my advice and gave tens of billions of dollars to Greece’s…
We Need More Politicians Willing to Resist the Tax Harmonization “Thieves’ Cartel”
I’m back in Bermuda, but not for sun and fun. Instead, I’m like the little Dutch boy with his finger in the dike as part of my ongoing effort to thwart high-tax nations in their attacks against tax competition and tax havens at the “Global Tax Forum” of the…
In Perfect Symbol of How Government Treats Taxpayers, Postal Worker Keeps Job after Getting Caught Defecating in Someone’s Yard
What’s the difference between a real job and working for the government? I used the think the answer was that bureaucrats are overpaid, usually for being in positions that shouldn’t even exist. Then I thought the difference was that bureaucrats got lavish benefits,…
Is Mitt Romney Trying to Become the Richard Nixon of the 21st Century?
I can’t say I’m surprised, but I’m nonetheless still nauseated to read that Mitt Romney has decided to endorse ethanol subsidies. Here’s a blurb from Fox in DC. “I support the subsidy of ethanol,” Romney told an Iowa voter. “I believe ethanol is an important part of…