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Entries by Les Leopold from 04/2013

Are We Heading Towards Cyprus or Socialism?

| Posted 04.04.2013 | Business

What will happen the next time the largest banks in America gamble their way into chaos? Will taxpayers bail them out again or will the "stakeholders" be forced to make up the losses?

The Southern State Fast Becoming Ayn Rand's Vision of Paradise

| Posted 04.14.2013 | Politics

Tennessee starves what little government it has. It ranks dead last in per capita tax revenue. To fund its minimalist public sector, it makes sure that low income residents pay as much as possible through heavily regressive sales taxes.

Is the Entire Deficit Debate Based on a Big Mistake?

| Posted 04.18.2013 | Business

Fear of debt is woven deeply into our culture. We associate debt with profligate spending, waste, gambling and overall sinfulness. As we learned during the housing bubble, it's easy to get in over our heads. So naturally we assume that the same must be true for our country -- government debt must be bad. But is it?

America's New Math: 1 Wall Street Hour = 21 Years of Hard Work For the Rest of Us

| Posted 04.22.2013 | Business

The new Rich List is out -- yet another example of financial pornography. While nearly 15 million Americans still can't find jobs due to the Wall Street-created crash, the top hedge manager, David Tepper, earned $1,057,692 an HOUR in 2012.