The Canadian Hockey League (CHL), which consists of the Ontario Hockey League (OHL), the Western Hockey League (WHL), and the Quebec Major Junior Hockey League (QMJHL), is currently embroiled in a “$180-million class-action lawsuit. The suit on behalf of all current and many former players seeks outstanding wages, overtime pay, holiday pay and vacation pay.”
In May of 2018, Representative Eric Swalwell (D-CA) wrote an opinion column for USA Today in which he called for significant increases in gun control, following the murder of Gary Jackson, a 28-year old security guard from Oakland, California, whose killer was armed with an “AK-47-style semi-automatic assault rifle.” Swalwell was the prosecutor in the case, and his exposure to Jackson’s autopsy reports emboldened him to seek significant gun control legisl
There has been an increasing push for wealth taxes as of late. Supporters for new and larger wealth taxes contend that as the population ages, there won’t be enough wage earners to fund the public purse. In other words, there will be less wage-based income to tax as time goes on. But there will still be plenty of pensioners to pay for.
I recently had the opportunity to visit San Francisco for the first time. Coastal towns tend to be a bit more interesting in terms of cuisine (seafood being one of the more varied palate options) as well as architecture (steep hill structures are ever a testament to human ingenuity) and San Francisco scores high in both categories. However one area where it currently scores quite low is in the aroma zone. At first I thought perhaps they had a very inefficient sewer system near the shoreline retail sector, but as we explored deeper toward the city center it became clear something was amiss.
With meagre resources at his disposal, an individual is likely to allocate these resources (i.e., his wealth) towards essentials such as food, clothing and a roof over his head.
He is unlikely to allocate his meagre wealth to less essential goods as far as life and wellbeing is concerned. His variety of consumer goods is likely to be very limited.
As his real wealth begins to expand, the individual is likely to expand the variety of goods consumed, thereby raising his living standard.
“I think we have much more of a Fed problem than we have a problem with anyone else”, said US President Donald J. Trump on 20 November 2018. While the press, mainstream economists, and bankers cry wolf, the US President hits the nail on its head: The Fed is the source of significant economic and political trouble. By issuing US dollar out of thin air, it sets into motion unsustainable booms, which sooner or later turn into bust.
At the end of the second World War, filmmaker John Huston got a commission from the US Army to produce a documentary of new treatments for psychiatric casualties of the war. This occurred when experimental treatments such as hypnosis or injections of sodium pentothal were being introduced into psychiatric therapy. The army wanted to produce the film to show off these promising new treatments, rather than to illustrate the psychological trauma of soldiers due to what we now recognize as Post Traumatic Stress Disorder.
This article is excerpted from a talk delivered at the 2018 annual meeting of the Property and Freedom Society.
A big US monetary inflation bang brought the euro into existence. Here’s a prediction: It’s death will occur in response to a different type of US monetary bang — the sudden emergence of a “deflationary interlude.” And this could come sooner than many expect.
