Economy

The John Birch Society advocates an Austrian brand of economics (free market prevails) as opposed to Keynesian economics (government regulation prevails). It believes that businesses are never too big to fail and campaigns for the return of sound money as found in the Constitution. It also believes that the less government intervenes in the economy, the stronger the economy becomes.

Democrats Mocked Over Bill to Tax Billionaire Who Gave Up U.S. Citizenship

After billionaire Facebook co-founder Eduardo Saverin drew global attention to the growing number of Americans giving up their U.S. citizenship to preserve their wealth and escape burdensome IRS regulations, two Democrat Senators outraged by the accelerating trend introduced the “Ex-PATRIOT” Act to…

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Congressional Budget Wrangling Continues

On Wednesday the Senate voted down five budget proposals, reflecting gridlock and unwillingness to face reality. Four of the budget proposals were presented by Republican senators, while the fifth was based on President Obama’s budget.

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Boehner Fires First Salvo in Taxmaggedon Wars

House speaker John Boehner decided on Tuesday to fire the first round in the coming battle to deal with the huge tax increases taking place after the first of the year by setting the terms for the debt ceiling debate. In a…

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NLRB’s “Ambush Rule” Overturned, for the Moment

On Monday, U.S. District Court Judge James Boasberg ruled against the National Labor Relations Board’s (NLRB) “ambush rule” that would greatly shorten the time an employer had to defend against an effort to unionize his business, from 42 days to 10 days.…

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Potential Bank Runs in Greece Spark EU Contagion Panic

As the prospect of Greece leaving the eurozone dominates headlines around the world, Greeks are lining up at ATMs and financial institutions to withdraw their funds in what some analysts have already described as a run on the banks. More than a…

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