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Home The News Latest News The FED sees a tax increase
The FED sees a tax increase PDF Print E-mail
Written by Ashley Smith   
Thursday, 08 April 2010 10:11

Ben Bernanke, in a recent article on Yahoo! News, says that tax increases may be required to pay for new massive entitlement programs. Great timing, right? Couldn't have have mentioned that before we decided to pass a Trillion dollar healthcare bill or stimulus package? We've got to wise up to the constant lies espoused in Washington. Nothing is free. If we don't learn to curb our spending, we'll end up on the bad end of a total economic meltdown.

The only way to build wealth is through savings. However, the stock market bubble of the past few decades has given people a spend,  spend, spend mentality. Check out this article by the Mises Institution the Collapse of Personal Savings.

 

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Newsflash


Thomas DiLorenzo's book, The Real Lincoln, brilliantly unravels over a hundred years of lost history over the course of its 300 pages. Most of us have always accepted the version of the Lincoln story that we were taught in school: That Lincoln was the "Great Emancipator", that he saved the Union by committing troops to stop the racist Confederates.

What DiLorenzo is able to show is how inaccurate that myth really is.

Was Lincoln an abolitionist? Nope, says DiLorenzo. He carefully shows in the second chapter what Lincoln really thought of slaves and free blacks during his day. He wanted them all sent to live in colonies in South America, thought that it was their natural place to be inferior to white men, and would have continued slavery in the South for his entire presidency had the Confederacy not seceded.

Was the Civil War really about slavery? Nope. DiLorenzo shows how the economic policy of Lincoln and the Whigs, mercantilism and centralization, was the real source of tensions between North and South. Slavery was a factor only in the sense that it became a point of contention within that flawed economic policy.

For those who are searching for honest depictions of history, this is a must-have book.

Quotes

Private property was the original source of freedom. It still is its main bulwark. -- Walter Lippmann




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