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An 83-year-old retired engineer in Michigan underpaid his property taxes by $8.41. In response, Oakland County seized his property, auctioned
Over the past decade, more than 150,000 properties in Detroit have gone through the tax forfeiture process, according to data collected by Jerry Paffendorf, the founder of Loveland Technologies, a Detroit-based mapping firm. The process, says Paffendorf, is "punitive for property owners and profitable for the county."
The "National Debt" isn't national and it isn't a debt. Eric Boehm remains clueless.
The problem with Libertarians like Eric Boehm . . . where do I begin? They have so many issues. First, they don’t understand this equation: Gross Domestic Product = Federal Spending + Non-federal Spending + Net Exports. Gross Domestic Product (GDP) is the most commonly used measure of the economy. The equation tells you that the more the federal government spends, the more the economy grows. But…
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Airlines are 3 trillion in debt. The Monetary Sovereignty of airline loyalty programs.
Frightening headline? It shouldn’t be. Here’s a bit of context: Airlines don’t disclose how many miles are outstanding or the value used to calculate these liabilities. However, if we assume a valuation of 1 cent per outstanding mile, loyalty program members would have around 3 trillion outstanding miles. Some economists, politicians, and media talking heads might tell you it means the airlines…
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Economics is to reality as astrology is to astronomy
This is what passes for “science” in the world of economics: Raising interest rates increases the prices of everything. Therefore, raise interest rates to cure inflation. Inflation happens when the economy grows too much (“overheated”). Therefore, to cure inflation, cause a recession or depression. Any normal scientist would scoff at these beliefs, but economists are neither normal nor…
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The Libertarians and the missing data
Here is a Libertarian article, as usual, complaining about the federal deficit. Why Did Joe Biden Stop Talking About the Deficit? You can read the entire article by clicking the above link, but here are excerpts to give you the essence. Can you guess what crucial data is missing from the report? The federal budget deficit has exploded under Biden’s watch, and he can no longer pretend…
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And the scare headlines continue
I have been reading the Libertarian articles in Reason.com for several years and have noticed something odd. Despite ongoing claims that federal spending should be reduced, no data can support that myth. Like all other debt Henny Pennys, they focus on telling you how big the so-called debt is and how much will be spent on benefits. OK, we get it. The numbers are significant, but why are they…
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What Libertarians want you to believe
What Libertarians want you to believe
Cameron Craig: “Libertarians are non-interventionists and strong advocates for property rights, free immigration, legalizing all drugs and prostitution. “Libertarians are against taxes, any form of social benefits and believe everyone must pull themselves up by their own bootstraps. “The core tenet of libertarianism is that one’s liberty and right to own property should never be infringed…
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Don't like the minimum wage?
Don’t like the minimum wage?
Eric Boehm is a phucking moron These dumb phucks on the radio known as the American Radio Journal are generally mostly listenable to (not sure that sentence really flows). They are your dad’s Republicans. An assortment of RINOs, neocons and establishment types. They were drug kicking and screaming like a 2 year old throwing a tantrum in Walmart to get behind Trump. That populism stuff ain’t…
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