Big Lie

Austrian Theory Explains and Exposes Booms and Bubbles

"The problem of the business cycle arises when the loan rate of interest diverges from the natural rate of interest. While this divergence could happen in a free banking system, the major divergence occurs under central bank regimes when large reductions of the interest rate are executed by injecting money into the banking system over a long period of time. A larger volume of loans is thereby made possible. The lower interest rate increases investment and consumption and reduces savings. These changes in the economy provide the conditions for a boom in the economy. If the new funds are funneled into a specific sector of the economy, a bubble could result." Continue reading →

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Read more about the article Journalism professor says he hopes for murder of NRA members’ children

Journalism professor says he hopes for murder of NRA members’ children

"A journalism professor at the University of Kansas (KU) turned to Twitter on Monday to suggest he would like to see the murder of children of National Rifle Association (NRA) members at the hands of a deranged gunman. A journalism professor has defended tweets he sent out which called for the death of NRA employees children. '#NavyYardShooting The blood is on the hands of the #NRA,' tweeted David Guth, who is an associate professor of Journalism at the university’s William Allen White School of Journalism. 'Next time, let it be YOUR sons and daughters, he continued. “Shame on you. May God damn you.'" Continue reading →

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Did You Know: YOU Are Responsible for the Washington Navy Yard Murders

"ABC Radio this morning broadcast the voice of a 'Pentagon official' who explained that the maniac who murdered all those people at the Washington Navy Yard was not able to just walk in with a shotgun and begin blasting away because of the government’s asinine gun-free-zone-on-military-bases policy, or its grotesquely inept 'security' policies, but because of 'budget cuts.' It is you stingy, selfish taxpayers who are at fault here for not paying enough taxes. Shame on you. How much more blood will be on your hands?" Continue reading →

Continue ReadingDid You Know: YOU Are Responsible for the Washington Navy Yard Murders

Did You Know: YOU Are Responsible for the Washington Navy Yard Murders

"ABC Radio this morning broadcast the voice of a 'Pentagon official' who explained that the maniac who murdered all those people at the Washington Navy Yard was not able to just walk in with a shotgun and begin blasting away because of the government’s asinine gun-free-zone-on-military-bases policy, or its grotesquely inept 'security' policies, but because of 'budget cuts.' It is you stingy, selfish taxpayers who are at fault here for not paying enough taxes. Shame on you. How much more blood will be on your hands?" Continue reading →

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Here’s Why You Think Inflation Is Much Higher Than the Government Says

"According to the Bureau of Labor Statistics, producer prices for finished goods moved up just 1.4 percent for the 12 months ended in August, the smallest advance since a 0.5-percent rise in April 2013. According to the BLS release, over the past 12 months, at the producer level: Fresh and dry vegetables are up 47.1%. The price of chickens is up 6.2%. Residential gasoline is up 7.7%. Soaps and detergents are up 6.6%. Footwear is up 4.9%. Processed eggs are up 10.3%. Milk is up 6.7%. So if you don't eat, wear shoes or wash, there is hardly any price inflation." Continue reading →

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Surprise, Surprise: Consumers Do Not Believe the Fed’s Inflation Projections

"Caroline Baum of Bloomberg addresses the question of why consumers have ignored the Fed’s widely ballyhooed inflation target of 2 percent and the fact that CPI inflation has averaged only 1.5 percent over the past five years. Her answer is enlightening: 'Consumers either don’t listen, don’t care or derive their expectations from their own shopping cart. Food and gas comprise a big part of the household budget, and energy prices, at least, have been rising much faster than inflation. Just as consumers vote their pocketbook, they use their pocketbook to make judgments on where inflation is today and where prices are headed.'" Continue reading →

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Pension Funds: The $4 Trillion Problem

"Using the lower, safer growth rate of 3.22%, the unfunded liability in Pennsylvania’s two pension plans grows to a combined $156 billion. This different form of measuring liabilities produces some truly scary results. In five states, State Budget Solutions calculates pension liabilities represent more than 40% of the entire state economy. In two states — Ohio and Mississippi — the pension costs are equal to more than half the state’s gross production. On a per-capita basis, it’s equally worrisome. There are five states where the unfunded pension liability would represent a per capita cost of more than $20,000, with Alaska leading the way, at more than $32,000 per person." Continue reading →

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Poverty Just Ain’t What It Used To Be

"A newly released report by the U.S. Census Bureau indicates that most Americans living below the bureaucratically designated 'poverty line' enjoy most modern conveniences. For example more than 80 percent of U.S. households below the poverty line have a: refrigerator (97.8%); stove (96.6%); television (96.1%); microwave oven (93.1%); air conditioner (83.4%); VCR/DVD player (83.2%); and cell phone (80.9%). In addition, more than half of households beneath the poverty level also have a: clothes washer (68.7%); clothes dryer (65.3%); computer (58.2%); and landline telephone (54.9)." Continue reading →

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‘HELP: Detroit is Waiting to be Rescued!’

"If I believe the sensationalist media, the city where I have spent my half-century on earth is barely recognizable to me anymore, thanks to the fourth estate bobbleheads who have either never step foot here, or, they take a moment to zip through the city via their hired limousines just long enough to have their camera crew photograph some background ruin porn while they spin their melodramatic tales of Detroit’s long, slow, harrowing demise due to bankruptcy woes, oodles of $100 houses falling into disrepair, dead bodies percolating from the ground, and lastly, angry packs of feral dogs (in gangs of 20) roaming the streets and eating humans as appetizers." Continue reading →

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Do-Nothing Congress? Americans Think Congress Passes Too Many Laws

"Asked if 'Congress passes too many laws,' 56 percent of Americans said Congress passes too many laws, while 40 percent disagreed. When Congress does take action, Americans don’t like the resulting laws. Over two-thirds, 67 percent, said Congress passes 'the wrong kinds of laws.' Still, despite their disappointment in the volume and types of legislation Congress passes, the public wants lawmakers to get something done. Sixty-seven percent of Americans told Reason-Rupe they want members of Congress to 'work together and compromise more, even if I do not like the resulting laws.'" Continue reading →

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