"HowMuch.net on Wednesday put things into perspective and demonstrated that for all the buzz and excitement bitcoin has generated, it still has a long way to go to be even remotely relevant.
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Illinois Heads toward Bankruptcy, while Bankrupting its Citizens
Without legislative action, Illinois will be the Greece of the USA Zone after “Moody’s followed S&P’s downgrade Thursday, citing Illinois’s underfunded pensions and the record backlog of bills that are equivalent to about 40 percent of its operating budget.”
Jimmy John Liautaud, founder of the Jimmy John's sub chain, applied to move his residence from Illinois to Florida — and his company's headquarters could soon follow. "All they do is stick it to us," he says of the state legislature's move to jack up the personal income tax from 3 percent to 5 percent — and the corporate income tax from 7.3 percent to 9.5 percent.
My lecture at Mises University 2011