Here’s a few articles I found that would appeal to all the doom-and-gloomers out there:
Democracy Is Destroying The US
Honestly, the title was much better than the article. After a few paragraphs pointing out the difference between liberty and democracy, the article then lambasts the Federal Reserve.
The points about democracy and liberty are interesting though. People often confuse the two, but they are remarkably different. A democratic republic just means the people making the laws are voted in by the majority of other people. The people making the laws very well could frame those laws to decrease liberty and freedom, and lately the trend (by increasing the size of government) essentially does that.
I’d take it a step further and say that a central problem with democracy is that the average person has no clue about economics and the potential unintended consequences of government action. There’s a reason why politicans are clamoring to raise taxes on the rich: most people aren’t rich. If you look at both the national level and state level, politicans are going after the minority. Obama is asking for taxes on those who make $200k-$250k or more. States are targeting similar groups. Oregon already passed a proposal to raise taxes on corporations and $200k+ taxpayers, there is a pending vote in Washington State to create an income tax to target those that make $200k-400k+ a year, and a few states passed higher taxes on the rich.
Why the ‘rich?’ It isn’t so much economics; it’s because most people aren’t rich. No one actually wants to pay higher taxes, but people figure if they can get more government services and have someone else pay for it, why not? Combine getting free government services with generally envy and the recipe for legislators is simple. The trickle down effect of fewer jobs and fewer high paying jobs due to lower growth are a few steps passed most people’s economic comprehension, especially politicians.
Hyperinflation Part II: What It Would Look Like
This article is from a few month’s ago, but I think it’s a good read for anyone. It doesn’t examine what causes hyperinflation or when it could happen. Instead, it simply shows what life is like under hyperinflation. If you are worried we could have hyperfinlation in the US eventually, it’ll serve you well to learn how to survive it from past history. Hint: real estate isn’t the best investment. Try toilet paper, canned food, and cars with good gas mileage.