Richardcyoung.com

The Online Home of Author and Investor, Dick Young

The Threat of a Cashless Society

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Is your money safe in a cashless society? Hackers seem to always stay one step ahead of those trying to track them down. Do you want the entirety of your wealth forced online into the domain of cyber criminals? In the video below, Martin Wolf from the Financial Times explains some problems with the idea […]

Targeting the Rich with Taxes Tends to Hurt the Poor

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Whenever Becky and our kids and I head down to the boatyard to take our 30 foot power boat out on the water for the day, we’re typically surrounded by the mega yachts inhabiting Newport’s docks during the season. Recently visitors to Newport could view Le Grand Bleu, one of the world’s largest private yachts out […]

Dan Mitchell Commenting on the DC Budget Fight

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Rather than politely allowing Congress to raise the debt limit with no caveats, as they have so many times before, President Trump could use the debt limit increase as a way to force Congress to pass some reforms. Cato Institute senior fellow Dan Mitchell suggests a spending cap or entitlement reform as possible places Trump […]

Here’s Why Politicians Are Terrible at Running the Economy

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At his always insightful blog, International Liberty, Dan Mitchell, a senior fellow at the Cato Institute, explains why the private sector will always be better at allocating resources and running the economy than the government. He writes: When I give speeches about the economic case for small government, one of my main points is that people […]

Can a Constitutional Convention Save America from Itself?

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Follow politics long enough and you’ll see that every problem comes down to a different view or interpretation of the Constitution. Gun rights, abortion, NSA spying, treaties, entitlements, education,….even the mail. The reason so many Americans listed Supreme Court picks as the main reason they voted for Donald Trump is that the interpretation of the […]

Want to Live in a Free Market Island Paradise?

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Given the political acrimony in America today, anyone can be forgiven if they fantasize about fleeing to an island paradise where their preferred philosophical version of government is in place. Increasingly, for free market advocates, New Zealand is looking like that paradise. Dan Mitchell writes that New Zealand’s free market reforms deserve praise, and that […]

Thinking of Moving for Retirement? Check This Out

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Guess who needs the most of your dollars to survive? You guessed it, Washington D.C. If you’re a retiree who has been living and working in Washington D.C. for your entire career, you would without a doubt stretch your dollars further if you moved to a less expensive locale. Washington D.C. is the most expensive […]

Are We Measuring the Economy Wrong?

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On his great blog, International Liberty, Dan Mitchell, a senior fellow at the Cato Institute, makes a great case for using Gross Domestic Income (GDI) as a measure of economic growth, rather than Gross Domestic Product, which is the mostly widely used measure today. Dan makes the point that in the long term, the two […]

What You Missed Friday Night at the Newport Jazz Festival

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The Newport Jazz Festival got the party started Friday night with Trombone Shorty and Orleans Avenue. Shorty, aka Troy Andrews, is the grandson of Jessie Hill who is known for the classic song “Ooh Poo Pah Doo.” Shorty closed his Newport show with a get up and dance version of his funk and soul sound with “Do To Me” […]