Example: Imagine you live on an island with ten pineapples and on your island the total money supply is $10.00. If we “priced” the pineapples, each one would have a hypothetical cost of $1.00 per pineapple. Now suppose Mr. Bernanke was the central banker of your island and printed an additional $10.00 which ended up in your money supply. The number of pineapples on the island is still ten, but now you have $20.00 total in your money supply. The new cost per pineapple is now $2.00. This increase in the price level is defined as inflation, where Yogi Berra aptly noted, “A nickel ain’t worth a dime anymore.” The number of pineapples remains unchanged but money supply has increased. This harms the savers and citizens of a country. Suppose I live on this island but I only have $6.00 in my wallet. Pre-Bernanke I could purchase six pineapples but post-Bernanke I can only afford three. Bernanke took $3.00 of purchasing power away from me (this is a hidden tax)!”
When you are on the board of a decent corporation, for example, if you have a direct financial interest in a matter under consideration you’re expected to ‘declare an interest’ and absent yourself from the vote. But in a mature democracy, the most self-interested citizens are those most likely to vote. Currently, about 20 million people work for government. About 45 million receive Social Security benefits. About 34 million depend on food stamps.
That’s 99 million people who have a direct interest in expanding government outlays… with some overlap, of course. And it doesn’t mean that every person receiving a Social Security check is going to back the feds. But it doesn’t count all the millions more who get subsidies, bailouts, welfare payments (often masquerading as tax credits), government contracts, and so forth, either.
Well, how many people does it take to win a national election? Obama won with 63 million votes.
”
Your daily commute costs a lot more than what you pay each trip to the gas station. Personal finance blogger Mr. Money Mustache details the true cost of commuting, walking through how to calculate the time and financial burden of a “not too bad” commute, breaking down some of the most common…
This is a simple way to say something not so simple.
(Source: google.com)
When you are on the board of a decent corporation, for example, if you have a direct financial interest in a matter under consideration you’re expected to ‘declare an interest’ and absent yourself from the vote. But in a mature democracy, the most self-interested citizens are those most likely to vote. Currently, about 20 million people work for government. About 45 million receive Social Security benefits. About 34 million depend on food stamps.
That’s 99 million people who have a direct interest in expanding government outlays… with some overlap, of course. And it doesn’t mean that every person receiving a Social Security check is going to back the feds. But it doesn’t count all the millions more who get subsidies, bailouts, welfare payments (often masquerading as tax credits), government contracts, and so forth, either.
Well, how many people does it take to win a national election? Obama won with 63 million votes.
”
Let me see if I understand all this…
IF YOU CROSS THE NORTH KOREAN BORDER ILLEGALLY YOU GET 12 YEARS HARD LABOR.
IF YOU CROSS THE IRANIAN BORDER ILLEGALLY YOU ARE DETAINED INDEFINITELY.
IF YOU CROSS THE AFGHAN BORDER ILLEGALLY, YOU GET SHOT.
IF YOU CROSS THE SAUDI ARABIAN BORDER ILLEGALLY YOU WILL BE JAILED.
IF YOU CROSS THE CHINESE BORDER ILLEGALLY YOU MAY NEVER BE HEARD FROM AGAIN.
IF YOU CROSS THE VENEZUELAN BORDER ILLEGALLY YOU WILL BE BRANDED A SPY AND YOUR FATE WILL BE SEALED.
IF YOU CROSS THE CUBAN BORDER ILLEGALLY YOU WILL BE THROWN INTO POLITICAL PRISON TO ROT.
IF YOU CROSS THE U.S. BORDER ILLEGALLY YOU GET A JOB, A DRIVERS LICENSE, SOCIAL SECURITY CARD, WELFARE, FOOD STAMPS, CREDIT CARDS, SUBSIDIZED RENT OR A LOAN TO BUY A HOUSE, FREE EDUCATION, FREE HEALTH CARE, A LOBBYIST IN WASHINGTON AND IN MANY INSTANCES YOU CAN VOTE.
Count down to understanding why.
Our Home.
