Bitcoin — Your Newest, Most Powerful Tool of Subversion

Murray Rothbard often described the government as a ‘gang of thieves writ large.’
His description captures the State’s true essence… coercion.
Any government, anywhere in the world, and at any time in history is simply a group of people with a monopoly on coercion in a certain geographic area. That’s it.
It doesn’t matter if it’s a democracy, monarchy, dictatorship, or something else.
Government is not about selfless public servants advancing some vague common good. It’s about brute force.
They don’t teach this in public schools. But it’s true.

This post was published at International Man

IMF Proposed a Capital Levy – Tax on Money in Bank Accounts & Raise Property Taxes

The International Monetary Fund (IMF) is always the cheerleader to raise taxes to support government. They are instructing Germany to raise taxes and also talking about just imposing a 10% tax on all money that deposits in banks throughout Europe. Yes – you read that one correctly.
The IMF has told Germany it should raise its property tax, cut social welfare contributions and invest more to reduce income inequality. The demands are contentious in an election year. Once again the IMF has demanded higher taxes on savings deposits in Germany. Germany must do more for to raise taxes to impose more socialistic idea to somehow tax the rich to create a broader participation of all citizens in the fruits of economic growth, if somehow raising taxes actually ever creates economic growth. The IMF warns that there is a relatively high tax burden on lower incomes with a comparatively low burden on assets.

This post was published at Armstrong Economics on May 12, 2017.

Visualizing Who Holds U.S. Debt Internationally

We recommend viewing the full-size version of today’s infographic by clicking here.
Everyone knows that the U. S. Federal Government has roughly $20 trillion of debt. A question we often get, however, is who exactly owns all these treasuries? And if it’s held abroad by countries like China, what portion do they hold?
Today’s infographic comes from TitleMax, and it looks at who owns U. S. debt internationally, as well as the debt from other countries that is held by the U. S.

This post was published at Zero Hedge on May 12, 2017.

Money-Supply Growth Fell to an 8-year Low in March

The supply of US dollars has slowed during early 2017 with March’s year-over-year percentage increase hitting a 103-month low of 5.9 percent. The last time the year-over-year growth rate was lower was during September of 2008, when the growth rate was 5.2 percent. Monthly year-over-year growth rates in the money supply have been falling each month since October. (All the numbers used here were posted in mid-April 2017.)
Over the past eight months or so, money supply growth rates have become somewhat volatile with the growth rate surging from 6.7 percent in late 2015 up to 11.3 percent by late 2016, and down again to March’s multi-year low.
The M2 measure also showed a downward turn in recent months, although not to the same extent as the “Austrian” measure. The year-over-year change in M2 during March was 6.3 percent which put M2 growth near a 12-month low. M2 movements were otherwise unremarkable, however.

This post was published at Ludwig von Mises Institute on May 12, 2017.