Essays

11 Secret Documents Americans Deserve to See

"Many documents produced by the U.S. government are kept secret for questionable reasons. The fact that presidents and other government officials have the power to deem materials classified provides them with an opportunity to use national security as an excuse to suppress documents and reports that would reveal embarrassing or illegal activities. Now I have chosen 11 examples that were created—and buried—by both Democratic and Republican administrations and which cover assassinations, spying, torture, 50-year-old historical events, presidential directives with classified titles and…trade negotiations." Continue reading →

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Detlev Schlichter: What is wrong about the euro, and what is not

"Merkel is desperately trying to pretend that these governments are not bankrupt, that the debt will be repaid, and in so doing she throws good money – that of the German taxpayer – after bad. Most of the governments in Europe, plus the US, the UK and Japan, are unlikely to ever repay their debt, and the big risk is that, once the 40-year fiat money boom that facilitated this bizarre debt extravaganza has ended for good, a lot of that debt will have to be restructured, which means it will be defaulted on. That is not the end of the world, albeit the end of the type of government largesse that has defined politics in the West for generations." Continue reading →

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Is America Too Big?

"Is America too big for democracy? Too big for its traditional republican form? What does it mean if the answer is yes? This video series proposes that the source of our biggest social and political problems is our SIZE. Like the, obese, 600 pound man who experiences heart failure, diabetes, and dozens of other ailments, so too does America, only its diseases go by the names Debt, War, Entitlements, Gridlock, and Corruption. Our problems cannot be fixed through any change in ideology or bi-partisan agreement in Congress, because those are not the root of our problems. The source is our size." Continue reading →

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The Link Between High Tax Rates and Corruption

"Let’s pretend we have a modest tax rate of 20 percent. Now imagine you are part of an industry with $200 million in profits and you want a special tax break. How much are you willing to pay to get that loophole? Well, with a 20 percent tax, the most you can save is $40 million. So how much would you spend on lobbyists, campaign contributions, etc, in order to get that loophole? One thing we can safely assume is that the industry would never spend more than $40 million. But let’s now assume you live in a world with 50 percent tax rates. Does that change the incentive for influence peddling in Washington? Of course it does." Continue reading →

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A Shoe Tariff With a Big Footprint

"As cost-conscious Americans clip every coupon, they might well wonder about government policies that take needed money from consumers. Smoot-Hawley set high tariffs on hundreds of products. In the decades since 1930, many of these rates have been reduced to more reasonable levels, or eliminated altogether. However, footwear tariffs have remained largely untouched. The thriving U.S. shoe-manufacturing sector of the 1930s is long gone, but what remains are protective tariff rates of 37.5%, 48% and some as high as 67.5%." Continue reading →

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Detlev Schlichter: Some personal thoughts on surviving the monetary meltdown

"That government bonds are a safe investment can, of course, not be left a matter of simple opinion but has to be enshrined in the laws of the land, and the state’s rapidly expanding finance constabulary is already working on it. Via legislation and regulation, the state is busily building itself a captive investor base for its own debt. I fear that to a large degree this is even welcome by the asset management industry. In an unstable and increasingly uncertain world, being told what to buy lifts a great responsibility off one’s shoulders." Continue reading →

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Why The U.S. Job Market Remains Terribly Bleak

"Full time work is about to get scarcer. The reason? By hiring part-time workers who put in less than 30 hours per week, employers can avoid a mandate dictated by the new health reform law: either provide expensive health insurance or pay a fine equal to $2,000 per worker. Avoiding the mandate becomes even more attractive for low-wage employees, since they can get highly subsidized insurance in the newly created health insurance exchanges. Even though employers will have the option of paying a $2,000 fine, does anybody think the fine is likely to stay that low?" Continue reading →

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The Nearly-Free University

"The entire education industry on the U.S. is based on an inflexible, increasingly marginal-return 'factory model.' We are 'training' millions of people in an assembly-line based on the assumption that academia is a limitless growth industry, when in fact it has reached the zenith of diminishing-return complexity and cost. Student would be encouraged to earn money via the work projects undertaken. Instead of owing $120,000 after four years of passive study, students might complete their University experience with earnings in the bank. The Nearly Free University model would educate the 95% who do not need PhDs." Continue reading →

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The Voters Who Stayed Home

"Truth be told, most of today’s GOP does not believe Washington makes things worse. Republicans think the federal government — by confiscating, borrowing, and printing money — is the answer to every problem, rather than the source of most. That is why those running the party today, when they ran Washington during the Bush years, orchestrated an expansion of government size, scope, and spending that would still boggle the mind had Obama not come along. No matter what they say in campaigns, today’s Republicans are champions of massive, centralized government." Continue reading →

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