The answer is, of course, when your name is President-elect Barack Obama.  He claims that part of his stimulus package is to offer tax cuts to middle class workers and business owners.  Russel Roberts, in Cafe Hayek, points out:

The payroll tax credit is a rebate of payroll taxes for low-income workers. As faithful readers of this blog surely know, an increase in spending coupled with lower tax collections is an INCREASE in taxes. AN INCREASE in taxes.

Despite the fact that he is responsible for the deaths of millions of their 'comrades' Stalin is poised to win Russians TV station's (Rossiya) poll for "Russia's greatest countryman."  The poll is officially over tomorrow, so Stalin hasn't officially 'won' yet, but he's one of the top 12. This disturbing trend, along the same line as Hollywood's unfortunate infatuation with Che Guevara (see Reason TV's video on the subject) shows the renewed acceptance of soci

Obama's "transition team" conducted an internal investigation and determined that there was "no inappropriate discussions" with Illinois governor Rod Blagojevich. Obama is expected to announce his new plan to allow convicted criminals to also clear their own names by internal investigation. When questioned by the media about it, Obama winked and said, "How can you not believe someone with a smile this beautiful? ... Did I mention 'change'?"

Bonnie Kristian posted a link, underneath this post, from a NY Times article in which the Fed revealed that it would be printing "as much money as it needs to." But why is this a bad idea? In a fiat currency system, there is nothing of intrinsic value tied to each dollar.  Since the government has no unique sources of production, when the FED prints money, the value of the entire money pool stays the same.  Therefore, the value of each dollar will shrink.  This is called inflatio