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Current Commentary

Candidates' debate
Substance over style
Financial reform must-haves
How 'little guys' are being robbed
Unemployment falls as 652,000 give up
Ban financial derivatives
Debunking the federal pension myth
Cost of inflation-free bank bailout
Answers to questions: HERE


August 2010:
..Cut payroll taxes
..No bailouts: transfer, adjust
..Let home prices fall
..Japan's 1900s deflation

July 2010:
..AZ Immigration law
..70 years of tax & spend
..Cut the payroll tax!

May & June 2010:
..Inflation-free bailout?
..Ross Perot's lesson
..Looming tragedy
..Costly IRS mandate

April 2010:
March 2010:
February 2010:
January 2010:
December 2009:
November 2009:
October 2009:.
September 2009:
August 2009:
July 2009:
June 2009:
April 2009:
March 2009:
February 2009:
January 2009:
December 2008:



How to rob a man blind with him now knowing

Over a course of many years, you steal only his gains  He stays the same and is no worse off. For the most part, he is unaware that what rightfully belonged to him now belongs to those powerful enough to game the system for their own benefit.

As technology improves and as more and better things to produce stuff are built, our productivity as a society improves; we are able to enjoy more material “stuff” by working fewer hours to get it. Under a free market system, it's not likely that these productivity gains would be distributed perfectly evenly, but they would be distributed. Under our system, for the past 30-40 years virtually all of our productivity gains have gone to the top 10% and most of that to the top 1%. Since we left the gold standard in 1971, the typical hourly wage in this country when adjusted for inflation is FLAT. Thirty-nine years of no real wage growth during the same time when productivity has grown 215%.

How did this happen? Rather than allow these gains to be realized by the masses, big government colluded with big business through the use of monetary, tax, and regulatory policies, to rob these gains and to keep the gains for the few, the elite, and the politically connected.

Sadly, today’s Republican is mostly worried about top-down redistribution when it is really the bottom-up redistribution that we should fight. However, before we can fight it, we must recognize it:

  1. Monetary policy: A falling overall price level is the natural result of productivity gains, yet a central planner banking system won’t allow for a falling overall price level. There is historical evidence that falling prices raise the average worker’s real wage. Central planner banking that denies the average worker these wage increases is bottom-up income redistribution.
  2. Tax policy: Our entire system is set up so that people who work for their money pay a much higher rate than people whose money works for them. This is likely the result of those in the later group having more political influence.
  3. Regulatory policy: The myriad of business regulations that we have in this country (and certainly in Maryland) act as a barrier to entry for new and small businesses and as a barrier to growth for new and small businesses. The regulations are disproportionately burdensome on smaller businesses and act as a castle wall and moat for the Walmarts and Bank of Americas of this world who hide protected behind them.