The Federal Reserve (the Fed) is a Government Agency that is dedicated to stealing at least 2% of your cash every year. I'm not kidding. Completely serious. No joke. So how did this Agency come about? Well, I'm glad you asked. The Fed was created December 23, 1913. It was created to help "fix" the economy …
Continue reading The Federal Reserve (And Its Problems)
"[Socialists] would rather have the poor poorer, provided that the rich were less rich." -Margaret Thatcher, British Prime Minister The Department of Numbers said in 2015 that the median income level in the US is $55,775. Compare that to the median income level in the world: $9,733 according to Gallup. Margaret Thatcher explains it here. The …
This is a review of Rutger Bregman's book Utopia for Realists. Rutger Bregman is a journalist at The Correspondent. In his book Utopia For Realists, he lays out his ideas for A. A Universal Basic Income B. Open Borders C. A 15 Hour Work Week His ideas only make sense when you look at his …
Frederic Bastiat was the man who came up with the idea of this fallacy. The fallacy goes like this: A boy throws a brick through a shop's window, A crowd quickly gathers to sympathize with the poor shopkeeper. After a while, the crowd begins to feel the need to philosophize and a man comes up …
Alright, this is TTE's first guest post. Let's welcome midtownmillennials from the blog midtownmillenials. They're not teens but nobody's perfect. So without further ado, here is double M's: The Key To Building Wealth That You Either Have Or You Don't You're dying of thirst in the Sahara Desert. Don't ask me how you got there or why …
Picture the Soviet Union. The Soviet Union was a place where all of the land was public land and all of the food was public food. Because there were no incentives, the people were unwilling to take care of their resources. The land that was used for foresting was not reseeded because there were no incentives …
