Home » Modern Education » The Fiscal Cliff

The Fiscal Cliff

Categories

Archives

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 1,328 other followers

From Education Forensics

There is a lot of chatter nowadays about the ‘fiscal cliff’.  The first question to ask is: where are you getting your financial information?  The mainstream information, naturally, is propagandized faux panic.  Mainstream pundits on channels like MSNBC and CNBC are hyperventilating about two things: the new higher tax rates that go into effect on January 1st, combined with the government ‘cuts’ that go into effect the same time.  The higher tax rates will cause economic problems, as will the implementation of ‘Obamacare’.  The more things are taxed, the less you get with regard to economic activity.  Taxation is not only theft, it causes economic slowdowns.  The government ‘cuts’ are farcical.  They are cuts in spending increases – meaning that if a 9% increase in spending was planned, the new 5% increase in spending is accounted as a 4% “cut”.  Congress can pull this off because many Americans get their financial information via the mainstream media, or they aren’t paying attention at all.

There is a much bigger cliff about which to worry.  Peter Schiff was one of the early sources that changed my economic thinking.  He follows the free market ‘Austrian’ perspective and knows his history.  These two factors allow for an economic analysis that is superior to any mainstream source.  This video is typical of the SchiffReport – in depth analysis that is not geared toward an agenda.  When the Great Default happens, the real‘fiscal cliff’, there’ll undoubtedly be more of the “Peter Schiff was Right” videos posted on youtube.

For a daily site to check for national and international financial news, zerohedge.com is a good choice.  For Austrian free market analysis combined with historical background, I can’t think of a more readable and media friendly site than mises.org.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: