In 2013 the price of gold bullion lost 28 percent and closed near its low for the year. It was the first annual decline since 2000 and the worst since 1981. Gold ETFs experienced record redemptions, shrinking the funds 33 percent by year end, but they were the exception. Marcus Grubb, Managing Director of the World Gold Council, reported, “2013 has been a strong year for gold demand across sectors and geographies, with the exception of western ETF markets.” While investors were leaving ETFs, demand for gold jewelry, bars and coins was increasing, as were purchases by central banks. Globally, consumer demand increased 17 percent for gold jewelry and 28 percent for bars and coins.
or almost a century, since the end of the First World War in 1918, mankind has been in search of international order and global peace through the political method of international organization. However, instead of peace among men, the last one hundred years as seen almost unending wars, great and small. Maybe it is because men have looked for peace from government rather than from a rebirth of the philosophy of individualism and classical liberalism.
ou may be one of the unlucky Americans that have already experienced the heavy hand of government intruding on your personal property rights. However, today most Americans remain unaware of the planned and unprecedented power grab, inflicted on Americans by a relatively “quiet” agreement our government made with the United Nations, known as U.N. Agenda 21.
Matt Damon made headlines a few years ago when he went on an expletive-laced screed about teachers’ poor (not his word, but close) salaries. It’s personal to him because Damon’s mother is an early childhood education professor.
Let’s agree with Damon that good teachers should earn a lot. The job can be very demanding, and it is crucial to society. So what would it take to pay teachers a great salary — say, something around $90,000 a year or more? That’s actually possible, without raising taxes or adding to the great American debt mountain. Here are three major barriers to that.
The Ukraine Crises is an example of future events until the United States develops fossil fuel energy production superiority. The Ukraine Crisis–just as the 1973 Oil Embargo– is a great gift to stop the environmental movement’s eliminating fossil fuel production and insistence on relying on solar, wind, ethanol from corn, etc. as energy sources. These renewable energy sources are of no consequence in conduct of foreign policy. Do we want peace and prosperity or “green energy”, poverty, and the possibility of nuclear war?
For years environmentalists have usurped individual private property rights and thwarted economic development. Now, thanks to Oklahoma Attorney General Scott Pruitt, it appears that the job creators may have finally learned something from the extreme tactics of groups, like the Wild Earth Guardians and the Center for Biological Diversity (CBD), which have been using the courts to their advantage by filing lawsuits against the federal government.
On Monday, March 17, on behalf of the state of Oklahoma and the Domestic Energy Producers Alliance (DEPA), Pruitt filed a lawsuit against the federal government, specifically the U.S. Department of the Interior and the U.S. Fish and Wildlife Service (FWS). The lawsuit alleges the “FWS engaged in ‘sue and settle’ tactics when the agency agreed to settle a lawsuit with a national environmental group over the [Endangered Species Act] listing status of several animal species, including the Lesser Prairie Chicken.”
The U.S. has the greatest energy reserves, coal, oil and natural gas, of any nation in the world, but Obama has been waging a “war on coal”, delaying the construction of the Keystone XL pipeline from Canada, and slow to issue permits to explore for new sources of energy reserves on federal lands. The impact on the economy is incalculable, but it is driving up the cost of energy for everyone and every industry.
The American Public Transportation Association (APTA) is out with news of higher transit ridership. APTA President and CEO Michael Melaniphy characterizes the new figures as indicating “a fundamental shift going on in the way we move about our communities.” Others even characterized the results as indicating “shifting consumer preferences.” The data shows either view to be an exaggeration.
The editorial board of the New York Times had it right 27 years ago when it wrote, “The Right Minimum Wage: $0.00.” There’s a virtual consensus among economists that the minimum wage is an idea whose time has passed. Raising the legal minimum price of labor will result in an increase in unemployment and it will be the least skilled workers, those most in need of work, who will be the first to lose jobs and the last to be hired. That would be the tragic unintended consequences if government forces the new law upon businesses.
The United States and Japan are at the trade negotiation table – for the proposed Trans-Pacific Partnership (TPP). Absolutely excellent. The freer the trade the better – the more the merrier.
Minimum wage has become a contentious political issue, even though it has nothing to do with a living wage. Workers are paid for the worth of the job they are paid to do. Nevertheless, Democrats plan to tap into what they perceive as income inequality by using minimum wage as a plank in their populist economic platform heading into the November elections.
The president of the United States has publicly declared that he knows the minimum wage any worker in the United States should earn as an hourly salary: $10.10. Why not $11.11 or $9.99 has been left a mystery. But what the president is sure of is that businessmen clearly are stonehearted money grabbers exploiting some of their workers by not paying them the real value of what their labor is worth.
Obama and his administration is so detached from reality that it is afflicting millions of Americans who want to work while at the same time its policies are reducing the number of new jobs being created.
Seventy years ago this month, on March 10, 1944, “The Road to Serfdom” by Friedrich A. Hayek was first published in Great Britain. For seven decades it has continued to challenge and influence the political-economic landscape of the world. Hayek delivered an ominous warning that political trends in the Western democracies, including America, were all in the direction of a new form of servitude that threatened the personal and economic liberty of the citizens of these countries.
Governments do not “compete” with companies. Governments tax, limit, police and judge companies. So when governments try and offer a similar service that private companies have long provided consumers, these governments[...]