December 21, 2014

Politics

Political decisions have a huge impact on both your financial and personal life. Learn what David John Marotta thinks in his two part series Why I Lean Libertarian and get refreshed by his 2012 candidacy announcement under his self-proclaimed Financial Freedom Party in Ignore the Politicians and Take Control of Your Financial Freedom.

Contact Lens Regulations Cost Consumers Billions

Contact Lens Regulations Cost Consumers Billions

It is illegal to sell contacts in the United States without requiring a prescription. A Federal Trade Commission regulation provides penalties of up to $11,000 per violation.

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Inversion Is The Latest Corporate Tax-Cutting Strategy

Inversion Is The Latest Corporate Tax-Cutting Strategy

The United States is the only country that imposes a tax on all income the company makes whether it is earned within or outside the country.

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How Not to Promote College Innovation

How Not To Promote College Innovation

These noble-sounding goals intuitively appear useful, but the federal government has only two ways to encourage change and neither of them helps in this case.

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How To Buy A College Degree

How to Buy a College Degree

Unfortunately, Obama’s good intentions are thwarted by the economic principle formulated by banker Charles Goodhart.

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The Economics of a Thanksgiving Turkey

The Economics of a Thanksgiving Turkey

The average factory-farmed frozen turkey from a grocery story is sold for as little as $0.67 per pound. Economics can offer five explanations.

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We Need a Partial Shutdown of Government

Partial Shutdown Needed

Unless McConnell is willing to risk a government shutdown, he will ultimately have to acquiesce to Obama’s wishes.

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Radio: Parts of the Government Should be Shut Down

Wilted Leaf

David John Marotta was interviewed discussing government waste and what would happen if parts of the government were shut down.

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Mailbox: Which States Allow Prize-Linked Savings Accounts?

The Drive of the Lottery

There are thirteen states so far. Does your state allow them?

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Do New Healthcare Plans Cost More?

Cost of ACA-Compliant Healthcare

Last year plans were being cancelled. This year, citizens are receiving notifications of rate hikes in the double digits. Is this really happening?

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The Influence of American Values on Garry Kasparov

Gary Kasparov

As a libertarian and former chess prodigy, I enjoyed very much an address by Gary Kasparov at the Cato Institute entitled, “The Influence of American Values.”

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Planning Clients Often Don’t Get What They Pay For

Sad Stop

While I agree with the study, I don’t know that I agree with the prescribed solutions suggested.

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Which public policies help to decrease disparities in the distribution of wealth?

Be Stupid

What if only enough redistribution were applied so that the top 1% (or whatever top segment) has just 15% of all wealth instead of 40% or whatever it is now?

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The Luck of the Lottery

The Virginia Lottery

Government-run lotteries have a sordid and monopolistic past. Should we enforce a separation of sin and state?

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Five Lessons from the Whiskey Rebellion

Protest

The Whiskey Rebellion established the sovereignty of “we the people” to tax and oppress any selected group.

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Appreciating Donor Advised Funds

Wrapped Gifts

There are five ways that both you and the government could make charitable giving more significant.

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How Can We Make Medical Insurance Affordable?

Doctors at work

We must return, as much as possible, to a fee-for-service approach to health care and restore the traditional doctor-patient relationship.

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Why Do Physicians Permit, If Not Encourage, Futile Medical Care?

Mark Marotta

We can only afford to allow others the freedom to strive against death when we are not trying collectively to subsidize it.

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Radio: More on the Economics of Healthcare

Money Pills

Individuals should be free to weight the healthcare costs and benefits, risks and savings, and make the decision that best fits their circumstances.

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Mailbag: Screenings useful in cancer fight

2014-08-27 Letter

Again, we were asking if such screening saved insurance companies money, and the answer is, “No.”

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Skin in the Game of Health Care

Piggy Bank on Money

“Shouldn’t patients and their families have some skin in the game as a brake on the profligate spending of other people’s money for health care?”

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Cryptic Medical Bills And Health Insurance

Eyechart

Next time you receive an unintelligible medical bill, remember how hard it is for your doctor to get paid.

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Failed Experiment at the SEC

Chaos Lab

Those who don’t understand or experience regulatory capture wrongly believe in a team of angels at these federal agencies tirelessly working for the common good.

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U.S. Health Care Costs versus Health Outcomes

Teddy Bear Hospital

Asians in New Jersey have the best life expectancy of any racial or ethnic group.

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Radio: Third Party Payer Systems

Money Pills

David John Marotta was interviewed on radio 1070 WINA’s Schilling Show discussing the economics of third party payer systems.

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Why Are Insurance Companies Reluctant To Cover Preventive Care?

Pink and Blue Piggy Banks

Now there is absolutely no charge for a costly set of test and procedures on the all-you-can-spend preventive care buffet.

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Do We Need Price Controls to Stop Exorbitant Hospital Fees?

Injured piggy bank with crutches

After the birth of my (David’s) first child, my wife and I noticed we were being billed for a very expensive bedpan and box of tissues that we had never used.

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Third-Party-Payer Markets

Economics by Colander, Seventh Edition

Anytime a third-party-payer system exists market forces will not hold down costs as much as they would otherwise.

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Why Are Canadian Drugs Cheaper?

Money Pills

Why shouldn’t we just institute price controls in America?

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Misleading Statistics About Pharmaceutical Companies

We have charts and graphs to back us up.

It is difficult to reason with people who lie and mislead in their statistics because they believe that they have the moral high ground.

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Radio: Beware of Government Regulation Intended to Quell Competition

Marotta on the Radio

Listen to David Marotta discuss the dangers of government regulation, especially when invited by an industry to suppress competition in the name of “safety.”

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Chipotle’s Wisdom

Chipotle line

These quotes are provocative for what they say about us as Americans.

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The Wealth Of Nations Is Their Freedom

Berry Hard Work

“When institutions protect the liberty of individuals, greater prosperity results for all.” – Adam Smith

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Are We Lab Rats?

Lab Rat

If you are not paying for the product, you are the product.

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Our Government Versus The People

Hammer Lock

Government has never been known for customer service. But today it is known primarily for being against the very people it is supposed to serve.

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The Economics Of Healthcare

Injured piggy bank with crutches

Michael Kirsch, a practicing physician and newspaper columnist, laments that there are questions he can never answer satisfactorily for his patients. His questions are central to the public policy debate increasingly being decided by voters and politicians rather than physicians and economists.

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FINRA Supports Regulation to Quell Competition

Wolves in Sheep's Clothing

Beware of government regulation, especially when a portion of the industry thinks it’ll be good for business.

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Fight the NSA with Your Choice of Search Engine and Browser

Browser Choices

We are all embarrassingly honest with search engines.

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The Politics of Social Security

End of the line

Even half of what they collect in Social Security could provide a better private benefit.

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Capability Is Tyranny

Bullying

Those who stand by and do nothing are complicit in aiding the loss of freedoms for others.

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7 Quotes to Summarize U.S. Surveillance

Surveillance Quotes

“We don’t have concentration camps and political dissidents and large numbers being hauled into prison because we don’t need that because we have effectively put prisons inside people’s minds.”

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Advisers Worry About Potential Costs Of Third-Party Exams

Hungry Fox

“Estimates range from $5,000 to $20,000; sharp opposition to Finra getting involved.”

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Fourteen Ways to Avoid Paying Capital Gains

Like water for money

The capital gains tax traps wealth in an investment vehicle requiring special techniques to free the capital without penalty.

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Investment Advisors vs. Brokers

Lock and Gold Coins

Low risk firms should be visited less frequently by the SEC.

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How To Bilk Obamacare

Wonder

Learn how a family of four can qualify for a full subsidy with an income of $140,000 a year.

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Obamacare, the UN-Affordable Care Act

Know the cost

ObamaCare Is the Worst Legislation in 75 Years.

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The Purpose Of The Federal Reserve

Red pawn

Unlike the markets, members of the Fed are able to make decisions that are in exactly the wrong direction if they don’t limit themselves with a rules-based system.

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Government Requires 146 Minutes Of Service Each Day

Financial Time Perspective

Without taxes, you could leave your job every day at 2:34 p.m

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What Happened to the Gold Standard?

Biting Money

The U.S. dollar was first regulated by the Coinage Act of 1792 and prescribed as 371.25 grains of pure silver. The eagle, worth $10, was 247.5 grains of gold. One cent, worth a hundredth of a dollar, was 24 grains of copper. The value of the metal contained in the currency kept prices relatively constant [...]

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Inflation Is 3% For First 120 Years; 2,380% For The Last 100 Years

Zimbabwe and gold

Of all the investing risks we face, inflation is the risk most commonly overlooked and most certainly experienced.

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Why Is The Federal Reserve In Your Wallet?

Christian LIndeMann, The New King of PickPockets

Members of the Federal Reserve openly admit it is not a federal agency.

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