EDITORIAL Showing 1401 - 1450 of 1917
Will the Real Culprits of Euro Doom Stand Up?
September 24, 2011
The Telegraph has carried an article entitled "The Great Euro Swindle" by Peter Oborne and Frances Weaver who have written a book on the subject (Guilty Men) from which the article is excerpted. They ask a good question, which is why those who have backed the u ...
Government as a Venture Capitalist
September 20, 2011
In January 2009, the administration claimed that if Congress passed a rush stimulus bill, the United States would be saved from economic catastrophe that was threatening to send unemployment figures above 8 percent. Government stimulus was the answer and if we ...
Big European Leaders Flex Muscle
September 20, 2011
Last Wednesday in a conference call followed around the world, German Chancellor Angela Merkel, French President Nicholas Sarkozy and Prime Minister George Papandreou of Greece gave broad assurances that in exchange for Greek commitment to enact further austeri ...
SS: Ponzi Scheme Isn't the Problem
September 19, 2011
Everyone by now knows what a Ponzi Scheme amounts to. We all became familiar with it when Bernie Madoff was caught using it to amass a fortune at the expense of clients who were unaware that his plan to put away money for them amounted to such a scheme. The iss ...
Rogue Trading Is Not the Problem
September 17, 2011
UBS trader Kweku Adoboli supposedly lost £1.3bn and is now under arrest. People wonder how one individual can inflict such large losses on bank-run trading firms over and over again; the real question is why doesn't it happen more often? In this article, I wil ...
Welfare Statism and Compassion
September 17, 2011
There are many debates in political theory, most of them focused on what kind of legal system is just. It is an ancient topic, of course, and the various positions do not change all that much; they merely get slightly revised by their new generation of champion ...
Foreign Occupation Leads to More Terror
September 13, 2011
Ten years ago shocking and horrific acts of terrorism were carried out on US soil, taking over 3,000 innocent American lives. Without a doubt, this action demanded retaliation and retribution. However, much has been done in the name of protecting the American p ...
Who Builds Obstacles to Real Stimulus?
September 12, 2011
Where I work we have a retirement plan. It comes with the job, so once you gain your employment you are also part of the system. Turns out that the accounts set up can contain quite a lot of cash. However, even if one is over the age of 65, even 70, the plan do ...
A Moral Steam Engine
September 12, 2011
There are times in a life, or in a world, where a single idea, conceived, committed to, and followed through, can bring about the most breathtaking change. I want to recommend a very moving film, Amazing Grace. It is the story of how a small group of people bro ...
9/11, the Damage of the Aftermath and the Brightness Ahead
September 11, 2011
Many of today's articles in the mainstream press will focus on 9/11 and its aftermath in terms of a war on terror. But here at DB, we take it sorrowfully for granted that the 9/11 narrative is not accurate and that something else happened on that day that is no ...
The Failure of the Government Employment Meme
September 10, 2011
I've noticed that an old and misleading dominant social theme has taken center stage in America, lately. It's the idea that politicians and the political process itself can create jobs. Of course, government can't create jobs. Government can make things worse, ...
Liberty: Both Radical & Traditional
September 10, 2011
At times libertarian or classical liberal – or, in yet other words, pure laissez faire capitalist – ideas are dismissed as part of a misguided modernity that's lacking proper pedigree. But this is all wrong. Already back in circa 600 B.C.E. the Chinese sage ...
Obama's Keynesian Superstition
September 09, 2011
President Obama gave a speech on Thursday afternoon announcing the American Job Creation Act. There were numerous points that were open to criticism but before dealing with a few, it is important to state what creates jobs: Jobs are created when people who have ...
Helping People Versus Fixing People
September 08, 2011
People on the left talk incessantly about helping people, but it is not helping people that they are interested in; they are interested in fixing people. That profound difference defines the conflict between the visions of classical liberalism and progressive c ...
Job Killer in Chief
September 07, 2011
Many on Wall Street were stunned by the big fat zero put up by the August jobs report, the worst showing in 11 months. The data convinced many previously optimistic economists that the United States will slip back into recession. I believe that we have been in ...
Moral Responsibility and the Poor
September 07, 2011
Two central dogmas of contemporary liberalism are that the rich are to be blamed for all our ills and that in the end all people are the same and no one is more or less worthy than anyone else. Blaming those who are not so well off as others is unjust because t ...
We're From the Government. We're Here to Help.
September 06, 2011
In the wake of hurricane Irene, the Federal Emergency Management Agency is expected to come hat in hands asking for more money from Congress. Like the rest of the government, it is broke. It has been suggested that any additional funds allocated to FEMA should ...
140 Years of Silver Volatility
September 06, 2011
Gold at $1900 and silver at $45 gives you a gold/silver price ratio of 46. This suggests that, in spite of the fast appreciation of silver for the past year, it has to keep appreciating faster still in the future to meet the target ratio of 16 to 1. Let's accep ...
Corporations, Mining Stocks and Speculation
September 03, 2011
Congressman Ron Paul (R-Tex) has had a good deal to say recently about corporations and corporatism. He detailed his views most recently on an Alex Jones radio program and the points he made, especially about the lack of corporate accountability, are important ...
The Last Haven Standing
September 02, 2011
The markets are going through another sell-off phase, yet the traditional notions of a 'safe haven' are changing. No longer is the US dollar the default shelter; instead, gold, the Swiss franc and the Japanese yen are the preferred assets. All three of these ha ...
In Defense of the Right to Assisted Suicide
September 01, 2011
Should aiding suicide be illegal? That is the question which faces legislators who are being urged to repeal statutes which state, basically, "Every person who deliberately aids, or advises, or encourages another to commit suicide is guilty of a felony." I will ...
Two Simple Secrets to a Great Relationship
August 31, 2011
There are two related things that you can do to make your relationships – not just your marriage, but all of your relationships – happier, stronger and more fun. These are very easy things to do - if you set your mind to it. I always recommend doing all the ...
Mission Accomplished in Libya?
August 30, 2011
Even as a major hurricane hit America's eastern seaboard, the administration is determined to expand the war in Libya while threatening the regime in Syria. Is there any limit to government's appetite to create more problems for our nation and economy? American ...
Intolerable Nudging
August 30, 2011
Champions of government intervention in our lives make every effort, especially in a country with a tradition of libertarian political rhetoric, to disguise that they are embarking upon tyranny. Yes, much of it may be of the petty kind, such as thousands of gov ...
Another Criticism of Animal Rights
August 29, 2011
Though this is a topic that I have visited on several occasions, having recently become an avid fan of the Discovery Channel's series on life in the deep oceans and other seas, I am motivated to observe just how absurd the notion of animal rights really is. Her ...
Bernanke, a Wise Man, Creates Order Out of Chaos…
August 27, 2011
The meme of his ineffable wisdom is established yet again. What the free markets have undone, government can ravel. This is the value of Ben Bernanke, a shill for Money Power. He is trotted out like the proverbial potted plant to make the right statist noises, ...
The Many Collapses of Keynesianism
August 27, 2011
It should be obvious to everyone but the most dedicated adherent of Keynesianism that the stimulus did not accomplish its end. The combination of outright spending by Congress, the desperate schemes to reflate the housing market, the attempt to transfuse bleedi ...
From Machan's Archives: The Deficit and the Tragedy of the Commons
August 26, 2011
Not unless the treasury stops allowing private projects to be funded from its coffers, confining itself to the support of bona fide public projects – the courts, the military, and police – will there be an end that avoids the perhaps greatest tragedy of the ...
Machine Intelligence – Will AI Become Autonomous?
August 26, 2011
Will AI (Artificial Intelligence) or SAI (Strong AI, a.k.a. Superintelligent AI) someday become autonomous (have free will), and if so how will this affect the Human race? Those interested in sci-fi have already asked themselves these questions a million times ...
There They Go Again
August 25, 2011
Picking up where they left off in 2008, the media is in the midst of a campaign to ignore and undermine the presidential candidacy of Ron Paul (they gave me even rougher treatment during my 2010 Senate run). Political pundits just do not know what to do with a ...
Forty Years After the Gold Standard, Investors are Desperately Looking for Safe Havens
August 24, 2011
The US, as was to be expected, raised their debt ceiling once again. It was done without meaningful cuts in spending or tax increases. Subsequently, Standard & Poor's downgraded America's credit rating. The double dip recession in America is now official, with ...
There Is No Virtue in the Selflessness of the Left
August 24, 2011
This quote establishes the fundamental premise upon which all leftist revolutions and totalitarian regimes have rested their moral authority. That principle is the virtue of selflessness. Now, in everyday use the term "selfless" refers to an act of supreme kind ...
The Illusion of Safety
August 23, 2011
Recent incidents of violence in Norway and London have made us understandably uncomfortable here at home, as many fear that a worsening economy will lead to violence and unrest in American cities. This is why Congress must view the economy as its first priority ...
Paper Currencies Finally Redeemed for Gold
August 23, 2011
The basic unwillingness of politicians to face economic and financial realities has caused the United States and European Union to face currency collapse. The politicians are content literally to paper over the problem with massive amounts of newly printed curr ...
Political Hyperbole!
August 22, 2011
I am baffled by how critics of some Tea Party stars engage in rank hypocrisy. For example, they – such as many commentators on CNN-TV – have been claiming to be utterly shocked with former Texas Governor Perry's polemical answers to interviewers. He said, a ...
Stop Clinging to False Hope and Face Reality
August 20, 2011
All week long we have been witnessing a breakdown in global markets, or perhaps better stated – general public confidence. Gee, why would that be, we wonder? Why is it that the general public is not so easily convinced that all will be okay? Where is the usua ...
When Soviet Power Crumbled: The Failed Hard-Line Coup Attempt of August 1991
August 19, 2011
Twenty years ago, on August 22, 1991, I stood amid a vast cheering crowd of tens of thousands of people outside the Russian parliament building in Moscow, the capital of the Soviet Union. They were celebrating the failure by diehard Soviet leaders to undertake ...
Egoism & Benevolence
August 18, 2011
Individualism and self-esteem predispose one to benevolence. Why? Benevolence raises one's spirits. Benevolence promotes more harmonious relations. It helps create a superior, more life-serving social environment. Would you rather live in a society whose member ...
Gold and the New Awakening of Colombia
August 16, 2011
Today the sovereign debt and dollar crisis, plus rising energy and gold prices, are combining with Colombia's growing reputation for tourism, real estate investing and retirement to create an investment potential long delayed by past decades of civil unrest. Ma ...
S&P States the Obvious
August 16, 2011
Politicians did not get much time to pat themselves on the back for supposedly rescuing the economy with the debt limit deal last week. The ink was barely dry when Standard & Poor's downgraded the US debt ratings anyway, roiling world financial markets. Anyone ...
The Keynesian Non-Answer
August 16, 2011
The New Republic editorialized recently about the current economic mess and it is worth quoting because the central passage is largely non-hyperbolic, non-polemical: "The classic response to [our current economic] situation, put forth by John Maynard Keynes in ...
The Fix Is In
August 16, 2011
This week's wild actions on Wall Street should serve as a stark reminder that few investors have any clue as to what is really going on beneath the surface of America's troubled economy. But this week did bring startling clarity on at least one front. In its Au ...
Cynicism Versus Happiness
August 16, 2011
The other day, my wife and I were having lunch, and an acquaintance from our kid's school came by. The first words out of her mouth were: "How unusual, a husband and wife actually sitting together and talking with each other." The next day, talking with some pa ...
The Big Corporations Excuse
August 15, 2011
Anytime I mention to someone from the Left that I consider the scope of government way beyond justice and prudence, I am likely to be told that it is big corporations that make this necessary.And, furthermore, they contend, I couldn't really favor liberty for a ...
Fables of the Fourteenth Amendment
August 15, 2011
The more I peruse the current public discourse about the application of the Fourteenth Amendment to the present quandary of public debt that confronts this country, the more I am convinced of the wisdom of the observation of the ancients that "Against human stu ...
Krugman's Failed Analogy
August 13, 2011
Ok, so I'll give him this: finally Dr. Paul Krugman put forth something akin to an argument instead of merely demonizing those with whom he disagrees! (See his column, The Hijacked Crisis, The New York Times, August 11, 2011.) The argument, however, is an analo ...
The Myth of Noble Madness
August 12, 2011
College freshman year abnormal psychology, at least as I remember it from some 30 years ago, can be something of a dark and frightening experience. In it the students are exposed to the variety of mental troubles that we have come to understand through modern d ...
Further Distortions of Libertarianism
August 12, 2011
In his essay "The Tea Party Jacobins," with its hyperbolic and besmirching title, Mark Lilla, whose The Reckless Minds: Intellectuals in Politics I once favorably reviewed, advances the notion that the Tea Party's "libertarian irruptions ... [attracted] individ ...
A Free-Market Sovereign Debt Manifesto
August 11, 2011
There is an eerie disconnect involved with analyzing the frightening financial and economic consequences of the ongoing 2011 Sovereign Debt and Equity Market Crash while sailing around the Greek Islands. But taking a look at Greek history clearly shows some par ...
Day of Reckoning
August 10, 2011
The trigger that apparently caused the market meltdown was the ever-so-slight suggestion from Standard & Poor's that the US government's fiscal health might not be all that it is cracked up to be. This was not a case of the little boy noting the emperor has no ...
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