In 1918, the Soviet Union became the first country to promise universal “cradle-to-grave” healthcare coverage, to be accomplished through the complete socialization of medicine. The disastrous results speak for themselves.
Despite the handwringing and lectures from Geithner and his accomplices, there is no need to raise the federal debt limit. The US government already spends an obscene amount of money every month, and this could easily be scaled back to the current inflow of tax receipts.
The recent improvement of the global economy, with particularly high economic- growth numbers for the United States, is just one more deception in a long series of deceptions that have plagued policy makers and investors.
The Mises Institute is pleased to announce the multimedia content on Mises.org— thousands of hours of audio and video—is now available through iTunes U , a dedicated section within the iTunes Store ( www.itunes.com ).
Former Federal Reserve Chairman Alan Greenspan tried to exonerate himself from the housing boom and bust. Even though more and more analysts are realizing that Greenspan’s low interest rates fueled the bubble, the ex-maestro himself uses statistics to defend his record.