Californians Against Higher Taxes warns that New Taxes Would Hurt Local Businesses . Saying the current Legislative special session threatens to open a Pandora’s Box of new taxes, business leaders here came together today to warn of the negative impact higher taxes would have on small and minor ... Read more

Crains Chicago Business is reporting Cook County sales-tax receipts plunge . Suburban Cook County experienced the biggest drop in sales tax revenue during the second quarter relative to the six collar counties, according to a study released Wednesday. Sales tax revenue plummeted 14.4% during th ... Read more

Inquiring minds are noting another city has been driven to bankruptcy because of pension promises that cannot possibly be met. Please consider Prichard Alabama Files For Bankruptcy .Prichard Mayor Ron Davis released the following statement Wednesday morning: “I have looked at every opportuni ... Read more

Money is a difficult subject. There is much confusion as to what it is. There is even more confusion as to the best way to measure it. Yet, before we can measure it, we have to define it. Here is a description I pieced together from a few re-ordered sentences of Rothbard's classic text: What Has ... Read more

Here is a lengthy but well worth listening to 59 minute interview of Janet Tavakoli on C-Span. The interview is from April 20, 2009 but given that Tavakoli's name is just now on everyone's radar, most will have missed it. Interview Topics Money TransparencyJob securityBanking crisisCredit der ... Read more

I have sided with Nadler on gold issues in the past, but his claim that gold is not in a bull market is just plain nonsense. Please consider Gold Is Not in a Bull Market Recently, gold appears to have entered The Mother of All Bull Markets. Even though gold has backed off of its $1,072/oz record ... Read more

Janet Tavakoli forwarded to me, a PDF of Representative Issa's Letter to William Dudley Requesting AIG Bailout Disclosure. Inquiring minds might be interested in reading it. Mr. William C. Dudley President Federal Reserve Bank of New York 33 Liberty Street New York, NY 10045 Dear Mr. Dudley: ... Read more

This should come as no surprise but Ron Paul says Federal Reserve Policy Audit Legislation ‘Gutted’ Representative Ron Paul, the Texas Republican who has called for an end to the Federal Reserve, said legislation he introduced to audit monetary policy has been “gutted” while moving toward ... Read more

Michael Mandel at BusinessWeek claims that By overlooking cuts in research and development, product design, and worker training, GDP is greatly overstating the economy's strength. Please consider The GDP Mirage. Here's a riddle: If a scientist or engineer is laid off, does it affect gross domestic ... Read more

Last Thursday I received an email from David Meier, Associate Advisor at the MotleyFool concerning Debt-Deflation. David asked if I had any comments on his article Debt-deflation: Just the beginning? Here is a partial listing: The debate rages on. Is inflation or deflation the bigger threat? ... Read more