UBS BankAs the Internal Revenue Service continues its hunt for tax dodgers, Swiss banks are refusing to open accounts for Americans and closing the ones that already exist. The tax collectors aim to recover an estimated $50 billion in unpaid taxes by pressuring Americans to voluntarily declare offshore accounts by September 23 — or face possible criminal prosecution and fines. 

Madoff leaving courtThe Ludwig von Mises Institute’s Jeffrey Tucker recently published a column entitled "Free Bernie Madoff," in which he makes the case for freeing the $67 billion swindler.

Golden Gate artworkCalifornia, the "Golden State," is not golden anymore. It has the biggest debt, the biggest budget deficit, the lowest bond rating, and (arguably) the highest taxes of any state in the union.

Schwarzenegger at budget news conferenceBack in February, California politicians and taxpayers received a wake-up call, but, apparently, the alarm wasn't loud enough to wake them.

credit cardThe Obama administration on June 30 unveiled its latest attempt to put an end to the free market in financial services in the United States.

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