Author Archives: economics501

About economics501

1 - free market Capitalist; 2 - Fitness Entrepreneur; 56 years old, VP at an Investment Bank in NYC, ex Venture Capitalist, happily married with 2 girls. Education: Rutgers and NYU. I allow Ted Hruzd, my friend to blog at will here. He has many posts here. I have known Ted since we were both students at NYU. Ted also works for an Investment Bank as a VP in Equity Global Markets. ------------------------- I was very very Socialist leaning as a 22 year old. I then strongly believed in Gov role in helping the poor. However, as a USDA Child Nutrition Programs, I personally accounted for millions of fraud, abuse, and waste of tax payer money. I came to believe that the poor would be best served with less Gov programs and more with direct aid via tax system. Then after 5 years I became a free market capitalist, was a venture capitalist in 2007 and helped start 2 high tech companies. I dedicate this site to champion free market capitalism as the best road to Prosperity. Please join in. If you disagree, fine, but please post with dignity and class and be civil. Argue with facts always.

Will Bill O’Reilly be tough enough to ask questions about Marxism?

Bill O’Reilly encourages us to send him questions for his pre Super Bowl Obama Interview.  Here is my top 1: Hey Bill – with no evidence against Paul Ryan, the Left states he is out to gut health care and … Continue reading

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Fair Tax Will Reverse US Progression to Deep Socialist Jungle

  The Fair Tax (FT) changes dynamics for the poor and encourages them to create more income instead of relying on the Government.  The FT thus reverses the nanny state or the progression towards a deep socialist jungle. Since LBJ’s … Continue reading

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Tax Code Prevents Effective Capitalism – so Pass the Fair Tax

Ted recently had a letter to editor posted in the Daily Record – Morristown NJ local paper – again regarding the Fair Tax.  Below is the letter and link along with comments that followed on-line.  I invite all to join … Continue reading

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Fix #ObamaCare Now!

Fix #ObamaCare Now! An immediate fix to our worsening health care plight can be accomplished as follows. From congress 1 Democrat and 1 Republican will propose and immediately push through: Strengthen private insurance industry and increase competition  and thus decrease … Continue reading

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China may pull Treasures, lead to Dollar collapse & Aftershock Economy, pending BO Economy, ObamaCare, Debt Debacles

China may pull Treasures, lead to Dollar collapse & Aftershock Economy, pending BO Economy, ObamaCare, Debt  Debacles         US $ collapse is a definite possibility. China is closely watching our economy; they may pull the trigger that … Continue reading

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Stop Myths that Conservatives Shut Down the Government

Fact Conservatives such as Senators Ted Cruz and Mike Lee stated up front that their goal was to fully fund all of the Government except for ObamaCare. Fact The US Constitution specifies that budget funding starts in the House.  This … Continue reading

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US Dollar Collapse more likely with Oct 17 Debt Ceiling Agreement – Wiedemer AfterShock Economy may come under BO

US Dollar Collapse more likely with Oct 17 Debt Ceiling Agreement – Wiedemer AfterShock Economy may come under BOThe probability of $ collapse under BO is now very likely.  Why?  The total debt continues to increase much faster than GDP … Continue reading

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