Archive for February, 2010

Sheriff Larkin Must Go!

23 Feb

Sherriff Larkin must go: no ifs ands or buts

According to published reports, Mercer County Sheriff Kevin Larkin entered the Political Science class of associate professor Michael Glass at Mercer County College to have a “chat” with him about statements he made regarding the “double-dipping” law enforcement officer. It seems the Sheriff is collecting a pension of $85,000 and a salary of $129,634 for the same job. Read the rest of this entry »

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Posted in New Jersey


An Easy to Understand Explanation of Derivative Markets

22 Feb

Heidi is the proprietor of a bar in Detroit.

She realizes that virtually all of her customers are unemployed alcoholics and, as such, can no longer afford to patronize her bar. To solve this problem, she comes up with new marketing plan that allows her customers to drink now, but pay later.

She keeps track of the drinks consumed on a ledger (thereby granting the customers loans).

Word gets around about Heidi’s “drink now, pay later” marketing strategy and, as a result, increasing numbers of customers flood into Heidi’s bar. Soon she has the largest sales volume for any bar in Detroit by providing her customers’ freedom from immediate payment demands,

Heidi gets no resistance when, at regular intervals, she substantially increases her prices for wine and beer, the most consumed beverages. Consequently, Heidi’s gross sales volume increases massively. Read the rest of this entry »

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Posted in Uncategorized


Rep. Ron Paul easily wins CPAC straw poll…. God bless George W. Bush and Barack Obama

21 Feb

Texas congressman  and 2008 GOP presidential candidate Ron Paul won the 2012 presidential straw poll at the annual Conservative Political Action Conference yesterday, easily beating Mitt Romney, Sarah Palin and the other presidential wannabes.   More than half of the attendees were under 25, which means they have been reading about economics, money and banking, the Fed, foreign policy and the U.S. constitution.  In other words, they have immersed themselves in the freedom philosophy, unlike their elders and the political hacks who occupy positions of power within the GOP and serve in Congress.  Read the rest of this entry »


Political buzz words

20 Feb


When “responsible” Republicans– in the eyes of Democrats and the mainstream media (MSM)–support:

  1. Higher taxes to reduce the deficit.
  2. More government spending to demonstrate their “compassion” for the American people.
  3. More regulations to counter “man caused global warming (climate change)” and other myths about the environment.
  4. More government control over medicine to demonstrate their “compassion” for the American people.
  5. Shielding the Federal Reserve from an audit to see what is really going on behind the closed doors of the greatest legal counterfeiter in human history. Read the rest of this entry »
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Posted in Uncategorized


End pensions for politicians and other suggestions, Governor Christie

18 Feb

The New Jersey pension system is underfunded by tens of billions of dollars.  Previous administrations–both Democratic and Republican–with the consent of the Legislature did not fulfill their fiduciary obligation to adequately fund the retirement  benefits of state workers and public school teachers.  Pension reform is on the way.  There is no other choice for the Christie administration and the Legislature; they have to reduce pension benefits for new hires (raise the retirement age to 65, for example), make adjustments in current benefits (increase the retirement age over the next ten years) and make the appropriate contributions to shore up the pension system (reduce spending in parts of the state budget in order to contribute to the pension system). Read the rest of this entry »

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Posted in New Jersey


America’s second bankruptcy is coming!

16 Feb

America’s second bankruptcy in less than four decades is on the horizon.

The first bankruptcy occurred on a Sunday evening (August 15, 1971), when President Nixon closed the “gold window.”  In effect, Nixon told foreign holders of dollars they could no longer redeem their greenbacks for gold at the official rate of $35 per ounce.  Read the rest of this entry »

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Posted in Federal Government


Presidents’ Day

12 Feb

Why do we celebrate U.S. Presidents on Monday, February 15? Virtually all of them supported legal plunder, undermined free enterprise and increased the  federal government’s power over the American people.

Instead, we should celebrate Bill of Rights Day in December, Ludwig von Mises’s birthday in September, Murray Rothbard’s birthday in March, Henry Hazlitt’s birthday in November, and the birthdays of all the great defenders of free enterprise and individual liberty.

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Posted in Federal Government


Is Chris Christie New Jersey’s Jefferson?

11 Feb

In his address to a joint session of the legislature today Governor Chris Christie threw down the gauntlet.  He said in no uncertain terms the state government is broke, and demanded that everyone in the chamber work with him to put state government on a path to fiscal solvency.   While Democrats who were caught by NJN’s cameras applauded, their heart is not in to reducing the size of state government based on their statements after the governor’s address. Read the rest of this entry »

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Posted in New Jersey