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The Real Forgotten Man
Franklin Delano Roosevelt famously used the term “forgotten man” in a 1932 speech to describe those at the bottom of the economic pyramid who, he felt, government should aid. But the originator of the phrase “forgotten man” had a whole different meaning in mind. He aimed to expose the seeming good intentions of government to …
The Federal Reserve is a Law Unto Itself
“As the nation’s central bank, the Federal Reserve derives its authority from the Congress of the United States. It is considered an independent central bank because its monetary policy decisions do not have to be approved by the President or anyone else in the executive or legislative branches of government, it does not receive funding …
Central Banks: Employment Creators or Mega-Hedge Funds
The Keynesian disaster recovery plan has been to lower rates, force people to take more risk in search of yield, and entice others to borrow and spend and, magically, more jobs will be created. If people won’t buy stocks, central banks will. Back in 2011, Ben Bernanke, when asked if QE2 was driving up stock …
Join 200 Other Wildcatters Plotting a Course for the Baby Bakken
I want to share some insight and give you a front-row seat to America’s next big shale play. Let’s get to it… Over the past 10 years, the U.S. has turned the ship around, quite literally. We’ve gone from a country that was expecting to import massive amounts of oil and gas — to a …
The Challenge of Measuring Obamacare’s Results
In September 2009, when President Obama made a primetime speech pitching his not-yet-passed health care overhaul, he made the following promise: “I will not sign a plan that adds one dime to our deficits — either now or in the future. Period.” To prove his seriousness, he further promised that “there will be a provision …
The Painless Way to Pay Off America’s Debts
Whatever your views on the role of government, one thing is clear: There will be no way to pay for it if the economy doesn’t grow. And I’m not talking by a measly percentage point or two. If we can’t find our way back to 5% annual economic growth or above soon, America’s accumulated federal …
The Next Great American Industry
What if I told you that the march of human progress could be traced in a direct line from the Epicureans of Ancient Greece… through the 18th Century’s cure for smallpox… to where Steve Jobs and Bill Gates found inspiration as scrappy teenagers… to the flying car of tomorrow? Stay with me and I’ll show …
Why Listening to Economists Is Dangerous for Your Health
According to the Bureau of Labor Statistics, consumer prices are rising at a 2.1% annual rate. This suggests to us that the current stock market boom will die with a bang, rather than a whimper. Fed economists say they don’t think inflation rates are rising. They think the most recent reading is a fluke. But …
How Progress Happens: The Case of Bitcoin
Real progress happens through real people, ideas, and innovations. Not by legislation argued and debated in Congress. Right now, one of the most influential technologies is changing the way people do business. And reinventing the future in the process.
The Regulatory State Versus Innovators
Innovation can change the world… if the world lets it. Unfortunately, society’s gatekeepers make it a point to constrain, regulate, and control these ideas. But their power is limited, and the power of innovation is too great. Unfortunately for regulators, there are some technologies they can’t control.
The Unraveling of Iraq is Playing Out Just as Dick Cheney Predicted
“Everything is proceeding as I have foreseen.” — Emperor Palpatine, The Return of the Jedi Jon Stewart made great comedic hay during the Bush Administration out of the enormity of Dick Cheney’s “Sith Lord” malevolence. Events in Iraq in the past week have made especially palpable Cheney’s Palpatine-like quality. As Iraq unravels, you may suspect that Cheney …
Tax Exiles Flee America
Entrepreneurs are high-tailing it out of the United States, and it’s the politicians’ fault The U.S. government is driving some of its most productive citizens abroad. The only beneficiaries are countries such as Singapore and Switzerland, which offer sanctuary to Americans fleeing avaricious Uncle Sam. Three years ago Eduardo Saverin, one of Facebook’s founders, joined …
This Device Scans Any Organic Object
What’s the #1 reason a start-up fails? It runs out of money! And why would it run out of money? Because nobody wants the product it’s selling! For early-stage investors, this presents a bit of a conundrum: If a product doesn’t exist yet, how do you figure out if there’s demand for it? And how …
The War on Jobs Continues
Politicians love raising the minimum wage because they don’t have to ask voters to pay more in taxes. They just dump the costs onto shop owners. But they don’t act like politicians and go into debt to pretend like they have all the money in the world. They face real world situations. And sometimes that means replacing workers with more affordable options…
Snowden’s Cry for Freedom
A cushy job in Hawaii that pays six figures. A beautiful girlfriend/boyfriend. Job security and professional experience that gives you plenty of future opportunities. Would you throw that all away to do what you think is right? Last year, one government contractor did just that. And now you see the world the government tried to hide from you.
The Hubris of Trying to Eliminate Cash
As the world gets more digital, people forget about the benefits of transacting in cash. And government officials know that.
Regulation Lets Government Grow in the Shadows
Regulation is supposed to keep you safe and make the economy function smoothly. At least that’s what they tell you in the news. But there’s another cost to regulation. One that you won’t hear about unless you have to deal with directly. And for the people in the economy who do, they’re the ones who have to pay the final cost.
The Fourteen Year Recession
The experts will tell you the recession is over, but they’re only torturing the data to hide the truth. The economy never recovered from the downturn it experienced. But the downturn happened in 2000, not 2008. The country’s been in the middle of a 14 year recession and hardly anyone knows the truth.
Buy High, Sell Low
Every time Bitcoin crashes, it winds up at a price greater than it’s previous high. Yet the experts still call it a currency fad that will fade away. But a little over a year since it really took up, the digital currency is still going strong, and is once again seeing its price rise. But is there another reason why people are buying Bitcoins.
Your Personal Gold Standard
All paper currency has a shelf life. It could be 5 years or 500 years, but at some point, the value of any paper currency eventually reaches zero. That’s why, for centuries, people have turned to one shiny metal to safeguard their personal store of wealth. And, as Jim Rickards explains, you still have that option. Read on…
Saviors of the U.S. Economy
According to some estimates, one man – whose name you’re probably not familiar with – has saved over a billion lives. Who is he? And how has he influenced the current crop of innovators? Josh Grasmick explains…
“The Government That Is Attacking Me Is Also Reforming Because of Me”
Edward Snowden’s one year visa in Russia expires at the end of next month. With only a few weeks left before he finds himself without a safe country to live in, he sat down to give an exclusive interview. Here are the most important things he wants you to remember from his recent sacrifice.
How to Stop a Murderer
Biotech breakthroughs and other transformative innovations are a few of the brightly shining spots in the U.S. economy. In fact, Paul Mampilly believes this is the golden age of biotech investing, and that you can earn massive returns while investing in companies with drugs that benefit all of humanity. Read on for his latest example…
The Billionaire Oilman Fueling America’s Recovery
Harold Hamm isn’t your typical entrepreneur. His life’s story shows you success in America doesn’t always depend on a fat checkbook