The real problem of the federal budget is that there's far too much spending. The fact that it's not a balanced budget is a minor concern by comparison.
Frederic Tudor solved the problems of transporting large amounts of ice over long distances and introducing the citizens of Calcutta to their first taste of ice cream.
In spite of stringent gun-control measures, Brazil's homicide rates are among the worst in the world. Now there's a movement to let more Brazilians defend themselves with private gun ownership.
Rothbard: "if proponents of the higher minimum wage were simply wrongheaded people of good will, they would not stop at $3 or $4 an hour, but indeed would pursue their dimwit logic into the stratosphere."
New York Fed Chief Dudley recently suggested asset bubbles "emerge from the way market participant’s process information and trade" — thus ignoring the role of the central bank.
