By Ron Paul During the 2008 economic crisis, Iceland’s government froze offshore accounts held by foreign investors in that country’s currency, the krona. Recently, the government of Iceland announced it would unfreeze the accounts if the account holders paid a voluntary “departure tax,” which could be as high as 58 percent. Investors who choose not […]
Tag Archives | bailouts
An internal IMF investigation found that Managing Director Christine Lagarde mishandled the Greek crisis, making sure the banks were bailed out and the Greeks given austerity. She faces a slap on the wrist if found guilty. The scandal brings again to light the fact that international organizations like the IMF serve the world elite, not […]
Peter Schiff joins the Liberty Report to discuss market trends and the bursting bubbles in our future. Where to turn for a safe haven? Europe?
Sunday’s surprisingly strong “no” vote may be less significant than Greek voters think. There is no way to vote oneself out of such a debt burden. Liquidation and bankruptcy are likely the only solutions.
Euro Pacific Capital CEO Peter Schiff joins Stossel to discuss bailouts and subsidies to the politically well connected
The failures of socialism have really riled up the local statists and they are out to protest to ensure failed socialist planners get bail outs. TCPalm reports: Congressman Patrick Murphy and two county commissioners spoke at an anti- All Aboard Florida rally today at Flagler Park that drew a crowd of about 300. The failures […]
Clay Barnett narrates a recent Mises Daily by Ryan McMaken that argues that the United States system of government is setup to benefit special and well-connected interests of the elites while ignoring the average citizen. Listen below or here. http://library.mises.org//media/Audio%20Mises%20Daily/Our%20Oligarchs%20Can%20Thank%20James%20Madison.mp3 Our Oligarchs Can Thank James Madison – Mises Media.
TCPalm’s Editorial Board is out with an editorial that shows the serious consequences of government intervention into the local economy. Build it and they will come. Or maybe not. For more than a decade, economic development “experts” have told Treasure Coast citizens that if they want to compete to recruit major employers — adding to […]
Walter Block gives a lecture titled “Government Bailouts: Picking Winners” at the 2009 Mises Circle in San Francisco. Block destroys the fallacy of government bailouts and subsidies and shows that those policies actually are damaging and not beneficial. Government Bailouts: Picking Winners | Walter Block – YouTube.