investment
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Listening to the rhetoric coming from the Trump Administration, it would be easy to assume that America’s balance of trade deficit is causing market misery and economic harm to the people of the United States. Nothing could be further from the truth.
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FeaturedInternet/Telecom
Many in Washington DC are Drowning in Lake Me
by Seton Motley March 15, 2016I’ve heard the following quote ascribed to National Basketball Association (NBA) player, coach and executive Pat Riley – but the Internet is not giving up the ghost on provenance to him or anyone else. As I recall, the recitation is: “That player is drowning in Lake Me.” Meaning a person who is totally self-absorbed. Transfixed by their own navel (which actually has a name – Omphaloskepsis). A person who finds himself endlessly fascinating – and utterly invaluable.
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FeaturedInternet/Telecom
Removing Barriers to Broadband Deployment
by Bartlett Cleland November 8, 2015One of the more important hearings for the future of broadband took place last week in the House of Representatives Energy and Commerce Committee. The Committee gathered to discuss “Breaking Down Barriers to Broadband Infrastructure Deployment.”
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Budgets/TaxesFeatured
Green Bay Packers Model Gives Taxpayers Leverage in Stadium Deals
by Jesse Hathaway September 22, 2015Elected officials often say using taxpayer money to pay for the construction or renovation of sports stadiums is an easy way to boost local economies and revitalize the flagging fortunes of downtown areas. But what really happens is that these teams pit cities against one another in competition for franchises, using their scarcity as a way of wresting ever-greater subsidies from taxpayers while team values rise to astronomical levels.
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Environment/EnergyFeatured
Will 2015 be the Year of Renewable Fuel Standard Reform?
by Marita Noon June 22, 2015The fact the Senate Homeland Security and Government Affairs Committee is attacking the Environmental Protection Agency’s (EPA) management—er, mismanagement—of the federal renewable fuel standard (RFS) is indicative of the growing frustration over both the agency and the RFS itself.
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Environment/EnergyFeatured
Climate Alarmist John Kerry Invests Massively In Fossil Fuel Stocks
by Ron Arnold May 17, 2015In a March 12 address to the Atlantic Council in Washington, D.C., Secretary of State John Kerry warned that climate change outranks terrorism, epidemics and poverty as the worst threat facing the world today. Our only salvation, he asserted, lies in an energy policy that replaces fossil fuels with solar, wind and other “clean energy.”
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Budgets/TaxesFeatured
Ludwig von Mises and the Austrian Theory of Inflations and Recessions
by Richard Ebeling October 21, 2014Eighty years ago, in the autumn of 1934, there appeared in English one of the most important books on money and inflation penned in the twentieth century, The Theory of Money and Creditby the Austrian economist, Ludwig von Mises. Even eight decades later, it still offers the clearest analysis and understanding of booms and busts, inflations and depressions.
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Budgets/TaxesEconomics
Fed Follies: Central Bank Continues to Force Economy in Wrong Direction
by Richard Ebeling August 26, 2014For more than a decade, now, Federal Reserve policy has been guided by the fear of one economic bogyman: the presumed danger of “price deflation.” The fear is unfounded and the inflationary “solution” only leads to disaster.
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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.
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Every year the percentage of American high school graduates enrolling in college increases. Yet the cost of attaining those degrees has been growing at an astronomical pace, one that is harmful and unsustainable.
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FeaturedInternet/Telecom
FCC’s Special Access Delay of its IP Transition
by Scott Cleland December 14, 2013FCC staff just muffed an easy opportunity to advance the IP transition on the FCC’s timetable in the National Broadband Plan. Apparently FCC staff missed the big picture here.
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EconomicsFeatured
Time to End America’s Century of Central Bank Mismanagement
by Richard Ebeling December 10, 2013One hundred years ago this month, on December 23, 1913, the Congress passed the Federal Reserve Act, establishing a national central-banking system in the United States. The governing board of the Federal Reserve was organized on August 12, 1914, and the Federal Reserve banks opened for operation on November 16, 1914.
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Budgets/TaxesEconomicsHealth CarePolitics
Entitlement Reform, Obama-Style, Can’t Even be Called Bogus
by Peter Ferrara April 19, 2013The biggest fallacy regarding Social Security is that it would be easier politically to cut Social Security benefits rather than to fundamentally reform the way the program works, so as…