Update on the Lesson of the Pencil

Thanks to student Ivan Cajado for sending this updated video on the lesson of the pencil.

BC Students Seen with "Green" Leaving Federal Reserve

No, it wasn't a late St. Patrick's Day celebration; nineteen LDSBC students were observed leaving their tour of the Federal Reserve Bank today with a personal stash of the "green" stuff which is stockpiled at the bank.  It isn't clear if they were "Washingtons", "Lincolns", "Jacksons" or "Benjamins", but there isn't a "shred" of evidence they did anything wrong.  The secret is that it pays real money to attend a Federal Reserve tour.  Don't believe it?  Ask anyone who was there!

How Much is a Trillion?

The video says it all...

Senate Budget Proposal 2014

Here is the Senate budget proposal which was released yesterday.  I am also including a link to the Heritage Foundation's analysis of the budget below.

 Senate Budget 2014

Heritage Foundation Analysis

Path to Prosperity 2014

House Budget Chairman Paul Ryan releases his proposed 2014 budget.  His last two proposals passed in the House of Representatives, but went nowhere in the Democratically controlled Senate.  Will this one meet the same fate?




Ryan 2014 Budget

http://budget.house.gov/

Calvin Coolidge and the Moral Case for Economy

As we "celebrate" the centennial of the 16th amendment to the Constitution this year (authorizing taxes on income), Amity Schlaes, a recipient of the Hayek Prize and the Frederic Bastiat Prize for free-market journalism, writes a fascinating article on our urgent need for a political leader who can just say "no" to spending. Calvin Coolidge, 30th president of the United States (1923-1929) was just such a man. Read the full article here:

Calvin Coolidge and the Moral Case for Economy

The Economics of Gun Control

This article from the Washington Post makes some interesting observations on the economics of gun control.  Two economists attempt to attach an external cost to society of gun ownership by individuals.  Another suggests that owners be required to insure guns as part of a new registration process.  Have they opened a can of worms?  Read about it here:

Economics of Gun Control