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America's Economic Myths

America's Economic Myths
"The Olympian gods" Nicolas-André Monsiau (1754–1837) Mainstream economists and so-called experts have filled the minds of most Americans with many economic myths that are constantly reinforced by the media and repeated on the streets. Inflation and Energy Myths Inflation — or, rather, the general rise in prices[1] —and the increase in energy prices are issues that have always created numerous economic myths.The following are some of the most common ones. Myth # 1: "Dependence on Foreign Oil" This myth basically suggests that the problem with oil prices is due to America's "dependence" on foreign oil. The high price of oil has nothing to do with its origin; the price of oil is determined in international markets. Importing a product does not mean you "depend" on it. Most, if not all, of the higher price of oil can be explained by the expansion of the money supply or the debasement of the dollar. Myth # 2: "Inflation is caused by rising oil prices." False. At first this myth might seem true.

The global debt clock Repeal the Drinking Age - Jeffrey A. Tucker Somehow, and no one seems to even imagine how, this country managed to survive and thrive before 1984 without a national minimum drinking age. Before that, the drinking question was left to the states. In the 19th century, and looking back even before — prepare yourself to imagine horrific anarchistic nightmares — there were no drinking laws anywhere, so far as anyone can tell. The regulation of drinking and age was left to society, which is to say families, churches, and communities with varying sensibilities who regulated such things with varying degrees of intensity. Probably some kids drank themselves silly — and we all know that this doesn't happen now (wink, wink) — but many others learned to drink responsibly from an early age, even drinking bourbon for breakfast. Really, it is only because we are somehow used to it that we accept the complete absurdity of a national law that prohibits the sale of beer, wine, and liquor to anyone under the age of 21. Do we really believe it?

Top Marginal Tax Rates 1916-2010 Green line is the top marginal rate for married couples filing jointly (most years dividends were tax like ordinary income until 2003), orange is the top rate for income from capital gains. The top corporate tax rate is included for comparison. Your marginal tax rate is the rate you pay on the "last dollar" you earn; but when you view the taxes you paid as a percentage of your income, your effective tax rate is less than your marginal rate, especially after you take into account the deductions and exemptions, i.e. income that is not subject to any tax. Over the years, changing the amount of taxes people pay was accomplished not just by changing rates but by changing the income limits of the tax brackets. Just looking at the top rates does not give the whole picture about who is paying taxes. Before the 1986 tax reform, the income tax had 15 brackets. Tax Data: Married filing jointly, Capital Gains & Regular,Corporate

The best way to Drive Targeted Traffic to Your Home Based Business | Liza-Shaw.com Share Email Earn Facebook Twitter Google+ Lockerz Grab Delicious Digg Google Bookmarks MySpace StumbleUpon Reddit By Lockerz TOP TEN TE’s Oops, That wasn't found Sorry, no posts matched your criteria. Perhaps you can find what you're looking for below. Recent Blog Posts There Are Many Different Sorts Of Website Traffic There’s No Such Thing As A Simple Internet Business If You Are Looking To Make Money Online The Autopilot Internet Income Program Can Certainly Help Building Website Links Can Be Done Very Easily And For Free The Affiliate X Program Is What We Will Be Checking Out Below Web Developers Have To Be Concerned About Site Usability You Are Going To Need To Have The Proper Tools If You Would Like To Be Successful Online Paying For Website Traffic Could Be The Best Thing You Are Able To Do Getting Your Website Ranked With Proper Search Engine Optimization With PDF995 Your Info Products Change Into PDFs Traffic Exchanges May Be Profitable If You Understand How To Use Them November 2012 (14) Programs

The Case Against the Fed Money and Politics By far the most secret and least accountable operation of the federal government is not, as one might expect, the CIA, DIA, or some other super-secret intelligence agency. The CIA and other intelligence operations are under control of the Congress. They are accountable: a Congressional committee supervises these operations, controls their budgets, and is informed of their covert activities. It is little known, however, that there is a federal agency that tops the others in secrecy by a country mile. Thus, when the first Democratic president in over a decade was inaugurated in 1993, the maverick and venerable Democratic Chairman of the House Banking Committee, Texan Henry B. It was to be expected that Fed Chairman Alan Greenspan would strongly resist any such proposals. On the face of it, this presidential reaction, though traditional among chief executives, is rather puzzling. Let us consider any other private industry. So there we have it. 1. Why gold and silver?

Constitution Society Home Page CLBS Report, System Open Market Account, January 2011 Domestic SOMA Portfolio Recent Developments The SOMA portfolio increased between November 24 and December 29, 2010. Background Open market operations (OMOs)--the purchase and sale of securities in the open market by a central bank--are a key tool used by the Federal Reserve in the implementation of monetary policy. OMOs can be divided into two types: permanent and temporary. Table 2. Each OMO affects the Federal Reserve's balance sheet; the size and nature of the effect depend on the specifics of the operation. In addition, the Federal Reserve has long operated an overnight securities lending facility as a vehicle to address market pressures for specific Treasury securities. The FRBNY's traditional counterparties for OMOs are the primary dealers with which the FRBNY trades U.S. government and select other securities. The Federal Reserve also determined that supporting the MBS "dollar roll" market promoted the goals of the MBS purchase program. Reverse Repos Table 3. Return to top

How I Make Thousands of Dollars Per Month Online 183 Comments 7 minutes Unless you’ve read Cloud Living, you probably have no idea how I make money online. My about page makes it clear that I do make a great living from the internet, but I’ve never wrote about how. Until today. I’m not going to claim my process is anything new, because there were people using similar methods for a long time before me. My first major website made money through contextual advertising (Google Adsense) and selling ads on a CPM (cost per 1,000 impressions) basis. I’ve started websites from scratch, quickly built them to 50,000 visitors per month, and then sold them on for an easy profit. There are many more ways to make money online, but the process that generates most of my income is simply this: I direct search engine traffic to landing pages, and then send that traffic to product pages as an affiliate. If someone buys a product on the site I sent them to, then I make a commission. I’ve just given you a quick overview, so let’s get into the specifics.

Policy pointers Nearly all my professors are Democrats. Isn't that a problem? - News - Students For Academic Freedom Nearly all my professors are Democrats. Isn't that a problem? · 15 July 2009 By Dan Lawton - Christian Science Monitor EUGENE, ORE. – When I began examining the political affiliation of faculty at the University of Oregon, the lone conservative professor I spoke with cautioned that I would “make a lot of people unhappy.” Though I mostly brushed off his warning – assuming that academia would be interested in such discourse – I was careful to frame my research for a column for the school newspaper diplomatically. The University of Oregon (UO), where I study journalism, invested millions annually in a diversity program that explicitly included “political affiliation” as a component. A number of conservative students told me they felt Republican ideas were frequently caricatured and rarely presented fairly. In my column, published in the campus newspaper The Oregon Daily Emerald June 1, I suggested that such a disparity hurt UO. Instead, he reiterated them on the record.

SOMA and Liquidity Swaps, Jan 2010 System Open Market Account (SOMA) Recent Developments The SOMA portfolio has continued to expand, although the pace of Federal Reserve purchases of securities under the large-scale asset purchase programs (LSAPs) has slowed compared to its pace last year. Background Open market operations (OMOs)--the purchase and sale of securities in the open market by a central bank--are a key tool used by the Federal Reserve in the implementation of monetary policy. OMOs can be divided into two types: permanent and temporary. Table 2. Each OMO affects the Federal Reserve's balance sheet; the size and nature of the effect depend on the specifics of the operation. The Federal Reserve's approach to the implementation of monetary policy has evolved considerably since 2007, and particularly since late 2008. The Federal Reserve determined that supporting the MBS "dollar roll" market promotes the goals of the MBS purchase program. Liquidity Swaps Table 3. Dollar Liquidity Swaps Return to top

Manilla » Free Online Account and Bill Organizer Who We Are posted at 4:57 pm on August 5, 2009 by Doctor Zero There seems to be a bit of confusion among Democrats about the nature of the opposition to their plans. Maybe I can help clear things up, by telling them a few things about us. We’re not paid minions of any corporate interest or lobby. Our support for a massive government program does not increase when you tell us we’re not allowed to ask questions about it. We’re not racists. We don’t like having to fight desperate battles to save our freedom and future from socialist politicians every ten or twenty years. We believe government should be punished for failing to live up to the expectations of its citizens, not the other way around. We don’t blame people for showing up to grab their share of a government handout. We don’t invest our hopes in the government. We do not regard America as the sole country on Earth that should be forbidden from taking pride in its history, traditions, and achievements. Recently in the Green Room:

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