Wednesday, April 06, 2011
Tuesday, March 29, 2011
Monday, March 21, 2011
When you lie down with dogs...
Wednesday, March 09, 2011
It's all relative
In the early 1960s, gasoline cost $0.25 per gallon and the minimum wage was $1.00 per hour.
Stated differently, you could exchange an hour's worth of minimum wage labor for 4 newly minted quarters, or 4 gallons of gasoline.
Currently, the minimum wage is $7.25, and gasoline is around $3.50 per gallon. An hour's worth of minimum wage labor can now only be exchanged for roughly two gallons of gasoline. Measured in gasoline, minimum wage labor has lost half of its value. Or, measured against the minimum wage, gas is twice as expensive.
That's not all. Until 1965, quarters were 90% silver and 10% copper. If you can find one of them, at current spot prices you can buy almost two gallons of gasoline, and nearly a full hour of minimum wage labor. Measured in gas, silver has nearly doubled in value. Measured in labor, silver has nearly quadrupled in value. Gas has lost half its value compared to silver. Labor has lost nearly 4 times its value compared to silver.
A quarter from 1963 was worth $0.25 at the time. That same quarter is now worth around $6.50, or approximately 26 newly minted quarters.
In other words, our currency has lost about 96% of its value since the early 1960s. That's scary. What's more, it's lost half its value against silver in just the last few months.
This is why higher stock prices are not all they're cracked up to be.
Sunday, February 06, 2011
Social Security is a Ponzi scheme and there is no "Trust Fund"
Saturday, February 05, 2011
Rand Paul wants to eliminate foreign aid to Israel - and everyone else
Sunday, January 30, 2011
Revolt in the Middle East
http://www.youtube.com/watch?v=ThvBJMzmSZI&sns=fb
I think my two year-old will agree, when she and her children are still working off our debt to China long after I'm gone.
There's more where that came from. Tunisia, Jordan, Yemen...even Saudi Arabia. Maybe Pakistan, before all is said and done.
People don't like the repressive autocrats we've propped up because they were supposedly "important partners" in our war on terror. Imagine that. Same thing with Iran, in our efforts to stop communism. Look where that got us.
I don't think these people appreciate our meddling. Nor do they buy our hypocritical calls for democracy.
Our "help" is neither wanted nor necessary. It isn't even help.
- Posted using BlogPress from my iPhone
Friday, January 21, 2011
Friday, January 14, 2011
What goes around...
Tuesday, January 11, 2011
Ridiculous
Sunday, January 09, 2011
Sunday, January 02, 2011
War is not a Conservative ideal
Sunday, November 21, 2010
A huge number of Afghans have no idea why the U.S. is in Afghanistan
Wednesday, November 03, 2010
Don't expect miracles, people.
Let's get specific with the cuts, starting with military spending overseas. Cutting about 30,000 pages of regulations out of the Federal Register would reduce the burden of government without cutting any services. Then we can move on to cutting services.
This isn't the time for vague calls to cut discretionary non-defense spending. Let's institute specific, large cuts across the board.
The single biggest thing Congress can do is refuse to raise the debt ceiling. It will hurt, but it has to be done. Rand Paul might do it by himself, if necessary.
Wednesday, October 20, 2010
FDR on the side of liberty?
An increasing number of people are no longer willing to complacently rely on impossible promises from politicians regarding our big problems. More people are willing to look behind the curtain. As a result, more and more people are thinking critically about the size, scope and costs (seen and unseen) of government.
More and more people are now challenging conventional wisdom on things like entitlement spending, regulations, drug prohibition, and war. People are more likely to understand the unintended consequences of these government actions.
I think New Jersey Governor Chris Christie's popularity proves the public actually likes it when someone levels with them. People who support kicking the can down the road are already being kicked out of office. This is a big change.

