"I believe that our situation is not hopeless, but that our hope lies not in the political process, but in convincing the people that the political process is the problem."
- Mark Thronton
What's the Deal with Sequestration?
by Jason Riddle
On March 1, about $85 billion in automatic, across-the-board federal spending cuts are scheduled to go into effect. For the last several weeks, members of the federal government and the media have touted the sequestration cuts as yet another looming fiscal crisis of doomsday proportions. Entire government departments will be brought to their knees. Layoffs will rip through the public sector. The members of Congress and their families will starve. Or, so we are told....
If no legislative action is taken, the sequester will make across the board budget cuts (some exceptions exist, such as Social Security and pay for enlisted military personnel) of $85 billion during the last seven months of this fiscal year. Read More...
"Rothbard argued these were “time-honored favorites of government policy” and the last part of AGD was devoted to showing how these were the policies adopted in 1929–1933. Current policy has followed the same path."Read More...
The mission of The Future of Freedom Foundation is to advance freedom by providing an uncompromising moral and economic case for individual liberty, free markets, private property, and limited government.
Defending the Undefendable – Walter Block (2008) - It is among the most famous of the great defenses of victimless crimes and controversial economic practices, from profiteering and gouging to bribery and blackmail. However, beneath the surface, this book is also an outstanding work of microeconomic theory that explains the workings of economic forces in everyday events and affairs. (Read More)
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