Greece-ing the Skids: Is the Puerto Rico Debt Crisis as Bad as the Greek Crisis?

On Tuesday, Greece defaulted on a $1.8 billion payment due to the International Monetary Fund (IMF). even after months of partial bailouts and negotiations.  According to The Hill, Greece’s debt has reached $350 billion or 180 percent of its gross domestic product (GDP).  Closer to home, Puerto Rico recently announced that it cannot pay its […]

In Defense of Airlines

This probably is not the most interesting and relative blog of the day since the Supreme Court announced its King v. Burwell decision.  But for those who have thrown up their arms in despair over the SC’s obsession with protecting Obamacare, it’s time to move on to other, more mundane topics. In little known news, TIME […]

Praisin’ the Raisin Decision

Marvin Horne’s marathon battle against the U.S. Government and the Raisin Administrative Committee (R.A.C.) was vindicated when eight U.S. Supreme Court justices (Justice Sotomayor was the lone dissenter) agreed that the confiscation of Mr. Horne’s raisins was a violation of the Takings Clause of the Fifth Amendment, private property shall not be taken without just compensation.  Why […]

Trade Adjustment Assistance is a Small Price To Pay For the Benefits of Trade Deals

Next week, the Senate will vote on Trade Promotion Authority (TPA), a measure that gives the President trade negotiating power that is necessary to wrap up the Trans-Pacific Trade Partnership (TPP), a 12 country Pacific Rim deal, and possibly a later deal with European nations.  To garner the votes needed to pass the TPA measure […]

Here We Go Again: Crushing the Entrepreneurial Spirit of Young Americans

Every summer, the same issue surfaces.  Kids try to run a lemonade stand, and the law shuts them down without a proper permit from the city.  This time it happened in Texas.  (I would not be surprised if this happened in – oh, I don’t know – the people’s republic of Maryland.) But Texas?  The number […]

The New Normal

We are awaiting the May jobs report numbers but is there something of greater concern of which we should discuss.  The current forecasts are estimating a May jobs growth number somewhere around 200,000. Of course it will be touted as a positive – and we all want to see Americans getting back to work. However, this […]

Minimum Wage for Thee But Not for Me…

From the department of when the left eats their own- Last week the Los Angeles City Council approved a minimum wage hike to $15 an hour, which would be phased in by 2020.  Labor activists clamored for it, despite small business owners’ objections that they would be harmed by it.  Now the very labor activists that […]

Social Security is in Worse Shape Than Originally Thought! What a Surprise…Or is It?

Researchers at Harvard and Dartmouth Universities have concluded that since 2000, the projected health of the Social Security trust fund has been rosier than it actually is.  The official word from the Trustees report is that the Social Security trust fund will be exhausted in 2033, meaning that benefits would have to be cut by 25 […]

James Rickards on the Financial Crisis

For those of you who missed the NCPA event featuring Jim Rickards, author of The Death of Money, guest blogger Larry White attended the event and has provided details of Rickards’ speech in two blog posts from his own site, Lonestar Whitehouse: Summary of Jim Rickards’ Dallas speech – Part I Summary of Jim Rickards’ […]

Minimum Wage and the Quaint Little Diner

I had the pleasure of vacationing in southern Utah last week and spending time in a couple of their breathtaking national parks.  I have been to several remote parts of the United States, but I have to say that the “otherworldly” landscape of Bryce Canyon and Zion National Parks, as well as the few towns […]