Marx Was Wrong

Your friendly neighborhood libertarian! :)

[marxwaswrong]

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[laliberty]

After the Obama administration bailed out General Motors by purchasing a 60.8% ownership share in the company for $49.5 billion, President Obama said, “We expect taxpayers will get back all the money my administration has invested in GM.” (I do like the way the president takes responsibility for the investment.) Now, the president’s administration has sold all of its ownership in GM and taken a $10 billion loss.

It is worth noting that what the president called an investment on behalf of the taxpayers lost 20% of its value, and that the president’s expectations on the investment his administration made did not pan out.

I don’t know whether the president actually believed the GM bailout would yield a profit or whether that was just political rhetoric he hoped people would forget over the years. Either way, it turned out not to be true.

The loss on the GM investment did not attract much notice, especially compared to other investments the president has made on behalf of the taxpayers, such as the $500 million it lost on the Solyndra loan guarantees. Interesting, considering that the GM loss was 20 times larger.

What’s a few billion among friends?

[marxwaswrong]

Obamanomics... 👌

[marxwaswrong]

"Milton Friedman: The Breaking Point of Taxes"

Good points from Dr. Friedman, as always

[marxwaswrong]

Paul Krugman Schooled by Austrian Economist Pedro Schwartz

[marxwaswrong]

Peter Schiff warns of the oncoming storm and defends his position on buying gold.

[marxwaswrong]

"Government, The Market, and Minorities" - Walter Williams 1986

[marxwaswrong]

Found the whole video on YouTube! 

"Firing LIne - Thomas Sowell w/ William F. Buckley Jr. (1981)"

[marxwaswrong]

Brilliant!

Thomas Sowell - Race and Gender Gaps

Tom Sowell vs. Hariett Pilpel

[luchadoreofliberty]

The characteristic of a free society is that it can function in spite of the fact that its members disagree in many judgments of value.

Ludwig von Mises, Theory and History (1966)

[marxwaswrong]

Peter Schiff at the UCLA economics debate

[marxwaswrong]

Physicist Michio Kaku on Education

Watch the entire video here!

[marxwaswrong]

Anyone interested in learning about statistics, or how not to be fooled by them, should follow this, aptly named, Political Math Blog

[anarcho-americana-deactivated20]

[marxwaswrong]

Porter Robinson - "The State"

"For centuries the state has robbed people at bayonet point and called it 'taxation.'" - Murray Rothbard"

[speedballoon-deactivated2012100]

[marxwaswrong]

haha

[marxwaswrong]

Peter Schiff has balls!

Mr. Schiff confronts the Occupy Wallstreet movement as a representative of the 1%