EDITORIAL Showing 901 - 950 of 1927
The Fed's Tightening Pipe Dream
March 05, 2013
Testifying before the US Senate this past Tuesday, Fed Chairman Ben Bernanke made an extraordinary claim about its bloated balance sheet: "We could exit without ever selling by letting it run off." What Bernanke means here is that the Fed could simply hold its ...
The Sequester 'Crisis' And What Should Be Done
March 04, 2013
Despite what the media and politicians would have us believe, the United States did not collapse last Friday when the package of spending reductions known as "sequestration" went into effect. The financial markets hardly blinked, as they have come to be more sk ...
Democracy and Gay Marriages
March 04, 2013
Frankly I have no horse in this race, nothing personal in any case. For my money you may marry your grandmother or cat, if all parties consent. Marriages ought to be a matter of contract and not based on any myth or superstition. Folks should not be interfered ...
US Corporate State
March 04, 2013
It didn't take long for opponents of the market to pounce after the events of 2008. The crash was said to prove how destructive "unregulated capitalism" could be and how dangerous its supporters were – after all, free-marketeers opposed the bailouts, which ha ...
Bloomberg's Bet
March 02, 2013
Politicker.com recently posted a report on a radio interview by New York Mayor Mike Bloomberg entitled, "Keep Calm and Carry On: Don't Panic About the Sequester." According to the article, Bloomberg stated that the "United States could owe 'an infinite amount o ...
A Close Encounter with Zombiedom
March 01, 2013
Ben Bernanke spoke out on Tuesday, leaving no doubt where he stands on the QE issue. To print or not to print? He hardly seemed to think about it. Instead, he announced himself four-square in favor. If there is to be any prudence or propriety at America's centr ...
Singapore A Wise Owl Among Currency Snakes
February 28, 2013
As China enters the "Year of the Snake," Singapore stands as a beacon of sound currency in a world gone mad. China's renminbi remains pegged to the US dollar, while even steadfast Switzerland has followed the US, UK, EU, and Japan into an impoverishing strategy ...
The Libertarian Public Interest
February 26, 2013
A particularly irksome rhetorical ploy against the free society's champions is that they refuse to acknowledge that there is such a thing as the public interest (or public good or general welfare or some such goal). Critics of these champions routinely wag thei ...
When they came for the Raw Milk drinkers…
February 25, 2013
While I oppose most gun control proposals, there is one group of Americans I do believe should be disarmed: federal agents. The use of force by federal agents to enforce unjust and unconstitutional laws is one of the major, albeit overlooked, threats to liberty ...
And the Antidote to the Great Fiscal and Monetary Crisis Is …
February 23, 2013
"Fiscal trouble ahead for most future retirees." Or so the Washington Post tells us in a recent column explaining why future retirees (Baby Boomers) are headed for considerable trouble. Grim reading, actually. For the first time since the New Deal, a majority o ...
The Pause Button
February 22, 2013
When you're in a situation and you feel like reacting with anger, or fear, or hurt feelings – anything that feels like it's an automatic, purely emotional response – you have a choice as to what to do about it. You can react, or you can choose to do somethi ...
Self-Referential Paternalist Foibles
February 21, 2013
Over the last several years, statists have changed their tune a bit. Instead of advocating Draconian governmental intrusions on people's lives, in the tradition of the Soviets and other unabashed tyrants, they have at least seemingly reformed and changed their ...
Axiom 4: A Blueprint To Restore The Articles of Confederation
February 20, 2013
This is the fourth of the "12 Axioms of Freedom Restoration" set forth in my introductory article on this topic, "How to Restore the West." The restoration of America's first and legitimate government will not be a quick or easy task but it is necessary if we a ...
The Drone Threat
February 19, 2013
Last week, senators threatened to put a "hold" on the nomination of John Brennan to be CIA director over his refusal to answer questions about the use of drones to kill Americans on US soil. That the president's nominee to head the agency that has used drones t ...
The Paradigm Shift Dilemma
February 19, 2013
Paradigms are mega-systems of thought that explain certain realms of reality so as to shift mankind toward new visions. For example, mercantilism, Lockean limited government, species evolution, Pasteurian medicine, quantum physics, Keynesian economics and welfa ...
The Pound Gets Pounded
February 19, 2013
As the global currency war intensifies, the majority of attention has been paid to the 17% fall of the Japanese yen against the US dollar over the past few months. The implosion has given cover to the sad performance of another once mighty currency: the British ...
The Republicans' Achilles Heel
February 18, 2013
In a recent Wall Street Journal essay, "Generational Theft Needs to be Arrested," three men advanced some suggestions to Republicans. Their main focus was the need for Republicans to address what they, following others who have chimed in on the topic, have crit ...
Down With the Presidency
February 18, 2013
The modern institution of the presidency is the primary political evil Americans face, and the cause of nearly all our woes. It squanders the national wealth and starts unjust wars against foreign peoples that have never done us any harm. It wrecks our families ...
Will Al Jazeera's Dimming Shed More Light on Elite Middle Eastern Plans?
February 16, 2013
... One and a half years ago, Suliman, 42, re-set his watch to German time, having become disenchanted with Al-Jazeera. And it wasn't just because the broadcaster seemed less interested in reports from Europe. Rather, Suliman had the feeling that he was no long ...
Failure of Leadership
February 15, 2013
Poor Chuck Hagel. Every day, The Wall Street Journal wallops the fellow. He is whacked for not knowing what he is doing ... smacked for not appreciating the threat of a nuclear Iran ... and slapped hard for not bending over quickly enough to kiss neo-con butts. ...
My List
February 14, 2013
Once I learned to read there was no end to it. I used my flashlight to make it possible after I was sent to sleep and my first books were quite a disorderly collection. I read a bunch of historical novels in Hungarian, several about the 160-year-long Turkish oc ...
Practice Works
February 13, 2013
One of the principles of living a happy life is that it takes willpower, it takes discipline and it takes practice in order to live well. This may seem strange if your vision of happiness is ease and momentary pleasure. But ease and momentary pleasure are not w ...
Obama's Expanding Kill List
February 12, 2013
Prosecutors always expand laws far beyond their intent. Attorneys in civil cases do the same. For example, the 1970 Racketeer Influenced and Corrupt Organizations Act was passed in order to make it easier for the government to convict members of the Mafia. Howe ...
Revitalization of the State Militias: Review of Edwin Vieira's 'The Sword and Sovereignty'
February 12, 2013
On April 19, 1775, the battles of Lexington and Concord on the outskirts of Boston ignited the conflict that led to the most momentous political event of man's history – the Declaration of Independence and the birth of America. In the early morning hours of t ...
Arrogance of Power!
February 11, 2013
Just how utterly reliant on sheer power is President Obama can be appreciated from the fact that no one in his administration bothers to defend his policy of confiscating people's resources. Apart from calling upon the phony support of a few super rich folks li ...
Beware The Consequences of Pre-Emptive War
February 11, 2013
Last year more US troops died by suicide than died in combat in Afghanistan. More than 20 percent of military personnel deployed to combat will develop post-traumatic stress disorder (PTSD). Some 32 percent of US soldiers reported depression after deployments. ...
How the Power of Mainstream Media Blasted Berlusconi
February 09, 2013
Talk about going viral. Paolo Berlusconi supposedly called his football club's latest superstar acquisition, Mario Balotelli, a "a house ni--er" at a political rally and this was a quote heard round the world. If you haven't read about it you either live in the ...
Messing with the Bull
February 09, 2013
With the announcement this week of its massive $5 billion lawsuit against ratings agency Standard & Poor's, the Federal Government took a bold step to squelch any remaining independence of thought or action in the financial services industry. Given the circumst ...
My Vigilant Ethical Egoism
February 07, 2013
When I was in my late teens I discovered Ayn Rand, in particular her novel The Fountainhead. Actually I ran across her when I appeared in a theater group's rendition of her play, The Night of January 16th, at Andrews Air Force Base but her significance hadn't d ...
Investing In a World of Make Believe
February 07, 2013
In recent years, a high degree of economic, financial and political uncertainty has resulted in acute volatility in stocks, real estate, commodities and precious metals. I believe that another aggravating factor has been the increasing skepticism through which ...
Immigration 'Reform' Will Turn the US into a Police State
February 05, 2013
Whenever the federal government decides to reform something we can be fairly sure that the problem is about to get worse, especially if they call the plan bi-partisan. The bi-partisan immigration reform proposal launched last week in the US Senate will be no di ...
Revolving Zombies
February 05, 2013
The defining characteristic of a zombified system is the way it hands out its rewards. In an honest economy, people do their best. They work hard. They take their chances. Some prevail because they are productive. Others are just lucky. The chips fall where the ...
The Democratic Ideal
February 04, 2013
In this essay I wish to revisit democracy since all the power that our current administration is claiming for itself is supposedly justified by way of the democratic method. But, in fact, only a properly limited democracy is politically just and justified. Demo ...
Stocks Over 14,000 – Too Good to Be True?
February 02, 2013
The Dow Jones industrial average has crossed 14,000 and the US mainstream media is celebrating. Presumably the powers-that-be expect that short memories shall convince US consumers that the nation is back on track. It's part of a larger dominant social theme, I ...
The Biggest Loser
February 02, 2013
In Switzerland, it's not just the clocks that are cuckoo. Over the past four years Swiss politicians and central bankers have gone on an unprecedented buying spree of foreign exchange reserves. In 2012, their cache swelled to as much as $420 billion worth of va ...
A Misesian Century
February 01, 2013
In December it will be 100 years since Congress authorized the creation of the Federal Reserve System. Throughout that century the Fed has enjoyed broad bipartisan support. That's another way of saying the Fed never appeared on the political radar until Ron Pau ...
On Rape and Pragmatism
January 31, 2013
Something not often noted in the discussion of rape across the globe is that in an age that prizes pragmatism as opposed to firm principles of conduct, even rape can be excused based on the expected benefit to the rapist versus injury to the victim. If one does ...
In Amerika Law No Longer Exists: The Extermination of Truth
January 31, 2013
In the 21st century Americans have experienced an extraordinary collapse in the rule of law and in their constitutional protections. Today American citizens, once a free people protected by law, can be assassinated and detained in prison indefinitely without an ...
EU Financial Tax Portends Loss of Market Leadership
January 30, 2013
Although it was barely noticed by the American press, on January 22nd, EU finance ministers approved a new "Financial Transactions Tax" (FTT) that has implications for market competitiveness around the world. The move was conceived as a Franco-German initiative ...
What is the Reputation You'd Like to Earn With Yourself?
January 30, 2013
When you get to know people, you are, in part, building a reputation with each other. "What kind of person is he?" "How does she handle a difficult situation?" "What kind of attitude does he bring to his work?" "How does she respond to confrontation or adversit ...
US Action in Mali is Another Undeclared War
January 29, 2013
President Obama last week began his second term by promising that "a decade of war is now ending." As he spoke, the US military was rapidly working its way into another war, this time in the impoverished African country of Mali. As far as we know, the US is onl ...
Axiom 3: Back to the Articles of Confederation as America's Central Government
January 29, 2013
Americans demanding a return to limited government, a balanced budget and an end to spiraling sovereign debt have been voting for the GOP for decades and the result has been total failure on all counts. To accomplish these goals we really must turn the governme ...
Obama's Macabre Politics
January 28, 2013
Over the last few weeks, indeed since his victory at the polls, I have been listening to President Obama's speeches quite regularly. I wasn't surprised one bit at his ready exploitation of the Connecticut school shooting. As one of his hacks, Rahm Emanuel, said ...
Economics of Thuggery?
January 26, 2013
Bloomberg provides us with an article – "Contagion Thesis Once Derided Proven by Kristin Forbes" – profiling Ms. Forbes in a fulsome manner. She is obviously the mainstream's latest economic celebrity. This is an interesting phenomenon, in fact, where econo ...
Virtue's Reflection
January 25, 2013
The reflection that you provide for others has a greater impact than you might know. When a person looks inward, exploring his or her thoughts, feelings, motivations, or values, we call it self-reflection. What we compare our actions to when we self-reflect are ...
The Statists' Continued Folly!
January 24, 2013
Paul Krugman has a regular column in The Times and can discuss what he chooses to discuss so why is he fussing, as he did in a December column, that others have other topics they wish to discuss not the ones he likes? Must we all take the lead of Krugman? What ...
Ambrose Evans–Pritchard Beats About the Bush
January 23, 2013
To argue with Ambrose Evans-Pritchard is risky. He is well-informed, he has travelled much, writes well and has a sharp intellect. Yet I must affirm that he is mistaken in some of the opinions expressed in his recent article at The Telegraph, "A new Gold Standa ...
German Gold Claw Back Causes Concern
January 23, 2013
Last week the Bundesbank (the German central bank) surprised markets around the world by announcing that it will repatriate a sizable portion of its gold bullion reserves held in France and the United States. To many, the news from the world's second largest ho ...
The Coming Debt Limit Drama: Government Wins, We Lose
January 22, 2013
Last week President Obama bluntly warned Congress that he will not negotiate when it comes to raising the statutory debt limit. If Republicans attempt to use a debt ceiling vote to win concessions on spending from the White House, Mr. Obama threatens simply to ...
The Nature of American Politics
January 21, 2013
So few grasp this that it's embarrassing. The political purpose of America, as made pretty clear by the Founders and the Declaration of Independence, was to secure for the people a country in which they can be free as they could be in the state of nature only a ...
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