EDITORIAL Showing 1001 - 1050 of 1908
The Rule of the Downside
November 21, 2012
Energy is a good thing. But it is as obedient to the law of Declining Marginal Utility as everything else. The point is obvious, but I'll prove it anyway. The real question on the table in this section is this: does it also obey the Rule of The Downside? Do you ...
Euro Crisis: Major Implications For Investors
November 21, 2012
The euro crisis has begun to feel like an everlasting steeplechase with high hedges and water obstacles blocking the path to economic resurgence on the Continent. Each time a hurdle has been cleared another problem emerges to potentially block the track. The la ...
Secession: Are We Free To Go?
November 20, 2012
Is all the recent talk of secession mere sour grapes over the election, or perhaps something deeper? Currently there are active petitions in support of secession for all 50 states, with Texas taking the lead in number of signatures. Texas has well over the numb ...
Puppet State America
November 20, 2012
The United States government and its subject peoples think of the US as "the world's only superpower." But how is a country a superpower when its entire government and a majority of the subjects, especially those members of evangelical churches, grovel at the f ...
PBS and NPR, America's Pravda and Izvestia
November 19, 2012
It is a feature of American culture that's most upsetting, though hardly anyone makes much of it at all. Indeed, I know several avid defenders of the free society who make regular and eager appearances on National Public Radio and I have to confess that I mysel ...
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Secession's Violent Subtext
November 17, 2012
"Post-election secession talk misses the point," writes the Nashua Telegraph in a guest editorial from The Keene Sentinel. It pulls together a lot of secessionist strands from around the United States. The Telegraph's coverage of this movement is both condescen ...
Farewell to Congress
November 15, 2012
This may well be the last time I speak on the House Floor. At the end of the year I'll leave Congress after 23 years in office over a 36-year period. My goals in 1976 were the same as they are today: promote peace and prosperity by a strict adherence to the pri ...
American Statism
November 15, 2012
William H. Gass is one of the cheerleaders of American statism and he has done his fair share of work in support of the near total state (having done stints at the White House, if memory serves me right). His latest efforts are in the November 2012 issue of Har ...
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Electronic Publishing and the Internet Reformation
November 14, 2012
Mike King of The Motley Fool tells us of "more large falls in newspaper circulation." This is an ongoing story but one that King flips around in a recent article on the subject. "Offsetting the decline, digital sales of newspapers appear to be rising," he write ...
Secession Petitions: Good PR But Bad Politics
November 13, 2012
And the Lord spoke unto Moses, go unto Pharaoh, and say unto him, Thus saith the Lord: "Let my people go ... " – Exodus 8:1 Tens of thousands of Americans are now petitioning the White House wanting to withdraw from the union. Although peoples and regions aro ...
In Praise of Price Gouging
November 13, 2012
As the northeastern United States continues to recover from Hurricane Sandy, we hear the usual outcry against individuals and companies who dare to charge market prices for goods such as gasoline. The normal market response of rising prices in the wake of a nat ...
Perils of Originality
November 12, 2012
At the outset I should confess that this may be something of a self-justification. I am not one whose ideas have been or have been meant to be original. At first this was just a plain matter of circumstance. Too many of the thoughts that I had were clearly unor ...
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Obama's Hammer and the Progress of The Daily Bell
November 10, 2012
The New York Times is out with a political article, "Question for the Victor: How Far Do You Push?" The Times points out that President Obama has obtained a second chance to fix a country on the "wrong track." The electorate has renewed his "contract" ... "We h ...
To Romney and the GOP Elites: What Goes Around Comes Around
November 10, 2012
On November 6th a large percentage of the Ron Paul supporters (10% of the GOP electorate) in the primary season exited the corrupt GOP voting process, stayed home, watched our television screens (like I did) and followed through with our warning to the GOP esta ...
A New Kind of Freedom
November 09, 2012
Karl Marx was asked once how he could justify advocating a political system of slavery for the individual, which is what socialism is. He replied that socialism is not slavery; it is a "new kind of freedom." As all perceptive students of history know, the intel ...
Yeah, Though I Walk Through the Valley of the Shadow of Death
November 09, 2012
"We all live in the South Bronx because that neighborhood is the unavoidable proof that American civilization can stop. It can stop literally right around the corner, and if it does nobody can do a thing about it. . . . " ~ Michael Ventura. It's the look that g ...
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Report Raises Questions About Central Bank Gold Holdings
November 08, 2012
For years I have cautioned that changes in the ownership of gold held in the vaults of key central banks around the globe may not have been accurately reported. A report issued last month in Germany has once again brought these issues to the fore. In today's en ...
Reexamining Democracy
November 08, 2012
Over the last several decades of American political life the idea of liberty has taken a back seat to that of democracy. Liberty involves human beings governing themselves, being sovereign citizens, while democracy is a method by which decisions are reached wit ...
The Special Interests Won Again
November 08, 2012
The election that was supposed to be too close to call turned out not to be so close after all. In my opinion, Obama won for two reasons: (1) Obama is non-threatening and inclusive, whereas Romney exuded an "us vs. them" impression that many found threatening, ...
Obama Wins A Second Term: Now What?
November 07, 2012
I'm certainly glad the election is finally over. While I have loved politics my entire life, this presidential election has gone on for over three years, including the GOP primaries, and I've had my fill of meaningless slogans and counter-slogans, lies and coun ...
Training for What You Want
November 07, 2012
Last week I asked you to define three things: Something you want to stop doing, something you want to start doing – or do more of and a longer-term goal that you want to reach. Today I want to give you the beginning of a training regimen that will strengthen ...
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Best Way to Make a Difference in Today's Vote
November 06, 2012
The Washington Post published an interesting editorial yesterday, entitled "What kind of president would Obama be in second term?" I have my own thoughts, but let's take a quick look at this article, which provides us with a serious, even scholarly, set of ques ...
The Economics of Disaster
November 06, 2012
Hurricane Sandy was one of the worst natural disasters the East Coast has ever seen. Cleanup and recovery will take months, if not years and estimates run in the tens of billions of dollars. Parts of New York and New Jersey will never be the same. Entire seasho ...
The Logic of Entitlement
November 05, 2012
Not long ago I woke up to the disturbing news from the Big Apple that some disgruntled ex-employee of the Empire State Building went on a shooting spree and killed someone, after which he was himself shot to death by police. No, I don't know the details but eve ...
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The Dilemma of False Terrorism
November 03, 2012
A New York Times article has attracted attention in alternative media circles for its portrait of Bernard von NotHaus, the "Rosa Parks of the constitutional currency movement." Entitled, "Prison May Be the Next Stop on a Gold Currency Journey," the article desc ...
The Downside of Debt
November 02, 2012
Cristina Fernandez de Kirchner, president of Argentina, will never be remembered as a great economist. Nor will she win any awards for 'accuracy in government reporting.' Au contraire, under her leadership, the numbers used by government economists in Argentina ...
What Do You Want?
November 02, 2012
Sometimes we can have a sense that things aren't working well or we'd like something to be different in our lives, and we can try to take steps to change. But without an idea of what isn't working well, what we'd like to have different, or what we would like to ...
'Government' vs. 'State'
November 01, 2012
Concepts such as that of "government," like those of "democracy," "law," "justice," "freedom" and "love," to cite just a few, is what W. B. Gallie called "essentially contestable" (see his "Essentially Contested Concepts," Proceedings of the Aristotelian Societ ...
Let the Markets Clear!
October 30, 2012
French businessman and economist Jean-Baptiste Say is credited with identifying the fundamental economic principle that aggregate demand for goods in an economy will equal the aggregate supply of goods when markets are permitted to operate. Or in Say's words, " ...
The First 30 Years of the Mises Institute, and the Future
October 30, 2012
This talk was delivered at the 30th Anniversary Supporters Summit of the Ludwig von Mises Institute, Callaway Gardens, Georgia, on October 26, 2012. What a thrill to speak to you on this happy occasion of the Mises Institute's thirtieth anniversary. I am deligh ...
How Can Obama Not Turn Our Backs on Failing Businesses?
October 29, 2012
During the rather brief and confusing discussion about bailing out automakers President Obama announced with his characteristic misplaced righteousness that we "will not turn our backs on one of America's basic industries." Of course, Mr. Obama and his cheerlea ...
The Virtual Recovery
October 29, 2012
Since mid-2009 the US has been enjoying a virtual recovery courtesy of a rigged inflation measure that understates inflation. The financial Presstitutes spoon out the government's propaganda that prices are rising less than 2%. But anyone who purchases food, fu ...
Switzerland Will Continue to Thrive and Outperform
October 27, 2012
"Senator John Kerry released his plan today to eliminate the deficit. He said all we have to do is find a really rich country like Switzerland and marry it." ~ Jay Leno; the approach of courting the Swiss has since turned out to be a little less amicable... The ...
Ayn Rand and Libertarians Misunderstood
October 25, 2012
Paul Ryan has some affinities with Ayn Rand's political philosophy and is now taking flack for this. Apparently eager to besmirch Ayn Rand and through her Mr. Ryan, claims now abound in the media that go like this: "Rand's libertarianism has an underlying philo ...
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Secession Fever Sweeping Europe Meaningless Without Debt Repudiation
October 24, 2012
While regional independence is superior to both the failing European Union and the façade of special interest controlled democracy, one further action should taken by any jurisdictions that choose secession: Newly restored sovereign nations should repudiate th ...
In Amerika There Will Never be a Real Debate
October 24, 2012
God help them if Obama and Romney ever had to participate in a real debate about a real issue at the Oxford Union. They would be massacred. The "debates" revealed that not only the candidates but also the entire country is completely tuned out to every real pro ...
The Internet Revolution is a Liberty Revolution
October 23, 2012
Until the late 1990s, individuals interested in Austrian economics, US constitutional history and libertarian philosophy had few sources of information. They had to spend hours scouring used book stores or the back pages of obscure libertarian periodicals to fi ...
Am I a Corporate Shill?
October 22, 2012
It has always been my view that corporations are groups of people united for various purposes, often to benefit from a business venture guided by competent management. Initially, I worried little about either the legal details or even about the legal history. A ...
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British 'End of Life' Panels Are Bad News for Everyone
October 20, 2012
The Daily Mail received a lot of attention this week for an article entitled, "3,000 doctors putting patients on 'death lists' that single them out to be allowed to die." Now, some of the feedbacks that the Mail received claimed that the End of Life Care Strate ...
Japan Chosen as the Global Economic Model!?
October 19, 2012
"There is essentially no difference between one administration and another, no matter what the platform." ~ Ron Paul, on CNBC Futures Now; he also stated that "They haven't the vaguest idea what Austrian free-market hard-money economics is"... I am writing this ...
Obamneycare Converts Health Care Into Profits
October 19, 2012
In the guest section [at Paulcraigroberts.org] there is a new contribution by Dr. Robert S. Dotson. He points out that Obamneycare is two versions of the same thing. A person has to be gullible and uninformed to believe the claims of Obama and Romney that their ...
Society as an Organic Body
October 18, 2012
Karl Marx, in his posthumously published work Grundrisse identified his view of humanity very clearly. Humanity is an organic whole (or body). People aren't individuals but the cells of this organic entity whose development and maturation Marx tried to chronicl ...
Banks Punished For Central Bank and Political Errors
October 18, 2012
In recent decades politicians have increasingly followed the Keynesian prescription of economic growth through continued government borrowing and the creation of undreamt of amounts of fiat money by central banks. To facilitate this process, the larger commerci ...
Inflation: Washington is Blind to Main Street's Biggest Concern
October 17, 2012
Journalists, politicians and economists all seem to agree that the biggest economic issue currently worrying voters is unemployment. It follows then that most believe that the deciding factor in the presidential race will be the ability of each candidate to con ...
Love and Visibility
October 17, 2012
Years ago, somebody asked Nathaniel Branden how you know when you love somebody. His answer was something to the effect that, "When they enter a room, for you, the room gets a little brighter, like the lights had been turned up a notch." What is it that makes l ...
Keeping Up Statistical Appearances
October 16, 2012
Last week, supporters of the current administration rejoiced over job numbers released by the Bureau of Labor and Statistics (BLS). For the first time since the administration came to power, the official unemployment number fell below 8%. Keynesian cheerleaders ...
Measurable Improvements
October 16, 2012
What exactly went wrong in Germany? Thomas Jefferson had been dead for 150 years when Adolf Hitler came to power. But he would have recognized the broad outlines of the problem. Jefferson: "My reading of history convinces me that most bad government results fro ...
Don't Vote for Evil
October 16, 2012
Back during the George W. Bush neocon regime, President Hugo Chavez of Venezuela in his UN speech summed up George W. Bush for the world. I am quoting Chavez from memory, not verbatim. "Yesterday standing at this same podium was Satan himself, speaking as if he ...
American Exceptionalism Revisited
October 15, 2012
A fairly prominent perception across the globe is that America has had certain exceptional features. While these are mixed in with various traditional ones, they still manage – or have managed – to make the country unusual in human history. The American Rev ...
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The Economic Case for Right-to-Work
October 15, 2012
The current economic crisis that has gripped the United States over the last several years has been especially negative in its affects on the levels and opportunities for employment in various parts of the country. Michigan has been one of the hardest hit state ...
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