Democratic presidential candidate Elizabeth Warren has been throwing out so many ludicrous campaign promises that she makes Andrew Yang—the guy literally trying to send everyone a monthly check from Uncle Sam—look reasonable in comparison. Recently, in order to explain how she’d pay for her $52 trillion (over ten years) “Medicare for All” program, Warren doubled her proposed wealth tax on billionaires, from the original 3% now up to 6%.
To repeat, this is an annual tax on wealth, not on income.read more
Just when you think that you have learned all of the possible strategies associated with Nelson Nash’s Infinite Banking Concept (IBC), up pops a brand new one. New, that is, but only to all those who have never realized the various opportunities found in practicing IBC as your very own banking system, especially at tax time. But now the latest window of unrecognized opportunity for IBC has surfaced in the area of charitable giving. According to recent publications charitable dollars have dropped significantly under the new tax law.read more
CLIMATE HYSTERIA: FACT VS. FICTION BY Robert P. Murphy
Despite their claims of just reporting on the science, the radical environmentalists don’t have the facts on their side. One of the big stories this month was “Climate Week” (September 24-30), and in particular the passionate testimony of sixteen-year-old Greta Thunberg before the UN, in which she famously exclaimed, “How dare you!” to the adults who were allegedly ruining her future. Another related item was the tragic death in late August of economist Martin Weitzman, which shone a spotlight on his technical work showing the limitations of conventional models in handling catastrophic risk scenarios.
On the last day of July, the Federal Reserve announced that it would be cutting its target for the federal funds rate, and it also moved up the termination of its balance sheet runoff. The move signals a fairly abrupt departure from the Fed’s official outlook from just a year ago, even though the underlying fundamentals have not significantly changed in the interim. Many observers have attributed the shift in Fed policy to Trump, either through his intimidation of Powell or because his antics with China could lead to a trade war (and hence require a shot in the arm to the economy). Either way, the Fed’s announcement does not bode well for the long-term health of the economy.read more
WHO BENEFITS FROM A GIANT HOSPITAL BILL?: Interview With Keith Smith, MD
Dr. Keith Smith knows the theory of Austrian economics, but he’s also doing something about it. He is lowering medical prices dramatically by seceding from the system.Dr. G. Keith Smith is a board certified anesthesiologist in private practice since 1990. In 1997, he co-founded The Surgery Center of Oklahoma, an outpatient surgery center in Oklahoma City, Oklahoma, owned by over 90 of the top physicians and surgeons in central Oklahoma. Dr. Smith serves as the medical director, CEO, and managing partner while maintaining an active anesthesia practice.
In 2009, Dr. Smith launched a website displaying all-inclusive pricing for various surgical procedures, a move that has gained him and the facility international attention.
His most recent effort is the launch of the Free Market Medical Association, which provides a platform where those seeking to obtain high quality and affordable health care can find free market-minded providers, both physicians and facilities.read more