EDITORIAL Showing 1051 - 1100 of 1936
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 ...
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 ...
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 ...
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 ...
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 ...
Nobel Backlash Is Symptomatic of a Deeper Elite Issue
October 13, 2012
The European Union won the Nobel Peace Prize, which is usually given to a person. There's been a good deal of astonishment over the award as people have a hard time understanding how an entity so sprawling as the EU could receive a prize ordinarily awarded to i ...
Too Often Regulators Play the Role of Police, Judge and Executioner: Witness Liberty Silver Corp.
October 11, 2012
To say that regulatory democracy is out of control and doing more damage than good ... well, that may be an understatement. In this editorial I will examine a very disturbing recent situation in which the US Securities and Exchange Commission (SEC) has once aga ...
Government in America!
October 11, 2012
The central achievement of the American Revolution was to demote government to a role of cop on the beat. The monarch stopped being the sovereign; the citizen became sovereign instead. Self-government became an aspiration for all people not just rulers. The ide ...
Riding Into the Sunset or a Brick Wall?
October 09, 2012
A month ago, I presented the case for why Fed Chairman Bernanke would have strong motivation to launch another round of quantitative easing (QE) before the election. In short, it would save him his job. Now, I didn't predict with certainty that he would do so - ...
Government Dependency Will End in Chaos
October 09, 2012
The media insists on characterizing statements about dependency on government handouts as controversial but in truth such statements are absolutely correct. It's not that nearly half of Americans are dependent on government; it's actually more than half. If one ...
Atlas Shrugged (the movie) Part II
October 08, 2012
This could have been a movie review but I am not quite qualified to write one given that we are talking here about a craft, namely, movie making, with which I am not sufficiently familiar. What I am writing, instead, is a simple thank you note to the producer, ...
Obama Spin Reveals Elite Roots
October 06, 2012
We track power elite dominant social themes large and small. As part of this effort, we've uncovered what we believe to be patterns of "directed history" leading toward ever-bigger government at both national and international levels. Elites love government bec ...
Unlimited Democracy
October 05, 2012
The Magna Carta was an early attempt to rein in government, reduce the scope of monarchical rule. Constitutional monarchy was the result in many countries. When democracies replaced monarchies, the urgency to limit their scope of power waned even though there a ...
Don't Cry For Us, Mitt Romney
October 04, 2012
Mitt Romney and the GOP establishment desperately need a few million votes in order to beat Obama in the 2012 General Election. The GOP could have had most of the Ron Paul voter support if Romney had named either Ron Paul or Rand Paul as his VP running mate. Ha ...
How Does FATCA Impact You?
October 04, 2012
"If you have ten thousand regulations you destroy all respect for the law." ~ Winston Churchill Until a few weeks ago, I was living under the assumption that by now everyone knew about the Foreign Account Tax Compliance Act (FATCA) and had a broad understanding ...
The Fed Plays All Its Cards
October 03, 2012
There never really could be much doubt that the current experiment in competitive global currency debasement would end in anything less than a total war. There was always a chance that one or more of the principal players would snap out of it, change course and ...
Gold is Good Money
October 02, 2012
Last year the Chairman of the Federal Reserve told me that gold is not money, a position which central banks, governments, and mainstream economists have claimed is the consensus for decades. But lately there have been some high-profile defections from that con ...
How the Government's Lies Become Truth
October 02, 2012
In my last column, "A Culture of Delusion," I wrote that "Americans live in a matrix of lies. Lies dominate every policy discussion, every political decision." This column will use two top news stories, Iranian nukes and Julian Assange, to illustrate how lies b ...
Remembering 100 Years of Conquered Rule
October 01, 2012
"A people should know when they are conquered." Maximus responds, "Would you, would I?" – From the movie, "Gladiator" One hundred years ago the American republic was overthrown and captured by financial elites and money power during the Taft and Wilson admini ...
'Asking' Versus Forcing Folks to Pay a Little More
October 01, 2012
President Obama raised the issue of why anyone would object to asking the very rich "to give some more." As he put the matter, "What is wrong with 'asking' those who make more to pay a little more?" As it has been pointed out by all too few people, of course, w ...
Google Censorship: A Manufactured Affair?
September 29, 2012
In an article entitled, "How the Courts Are Curbing YouTube," the Canadian Broadcasting Corporation explains to us that judicial pressure is being applied to YouTube to continually expand self-censorship. YouTube is owned by huge search engine provider, Google. ...
Bankers Jumping on the Gold Bandwagon?
September 28, 2012
"Only buy something that you'd be perfectly happy to hold if the market shut down for 10 years." ~ Warren Buffett (taken from a list of "50 Warren Buffett Quotes to Inspire Your Investing," Michael Cramton of investinganswers.com, March 15, 2011) Scott Schamb ...
A Culture of Delusion
September 28, 2012
A writer's greatest disappointments are readers who have knee-jerk responses. Not all readers, of course. Some readers are thoughtful and supportive. Others express thanks for opening their eyes. But the majority are happy when a writer tells them what they wan ...
Frankness About Wealth Redistribution
September 27, 2012
When taxation is part of government, wealth redistribution goes hand in hand with it. Taxation was what feudal systems used so as to pay rent to the monarchy. The monarch, after all, used to own the realm. All of it. So just as owners of apartment houses, monar ...
Familiarity and Renewal
September 27, 2012
When life is unusually stressful or when you've been through something that has taken a lot out of you – like surgery, a concussion or another trauma of some kind – it's important to understand that you don't necessarily bounce back right away. You need tim ...
Operation Screw
September 26, 2012
With yesterday's Fed decision and press conference [Sept 13] , Chairman Ben Bernanke finally and decisively laid his cards on the table. And confirming what I have been saying for many years, all he was holding was more of the same snake oil and bluster. Going ...
Colombia: Opportunities Abound in This Unique Country
September 25, 2012
Amazing Foreign Investor Opportunities In Colombia Last week I had the opportunity to spend a few days in the booming South American nation of Colombia. This is my third visit to the province of Antioquia where the modern, vibrant city of Medellin is located, s ...
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