EDITORIAL Showing 1401 - 1450 of 1936
Musings on GOP Follies
October 19, 2011
The Empty Suit...In the wake of the recent New Hampshire debate televised on Bloomberg October 11th, one has to conclude that Rick Perry's star is not just fading; it has crashed into that horrible fate known as FIP (flash in pan). He desperately needed to thro ...
The Business of Government
October 18, 2011
Amid the din of economic nonsense being bandied about since the collapse of the housing bubble and the steep ramping up of our national debt, there has been the persistent refrain that Washington should be run more like a business. If only more business people ...
The Dawn of Late Fascism
October 18, 2011
The downgrading of US debt this summer didn't have huge economic consequences, but the psychological ones were truly devastating for the national elites who have run this country for nearly a century. For a State that regards itself as infallible, it was a huge ...
The Moral Unraveling of the EU, Bailouts and Central Banking
October 15, 2011
Slovakia has now approved European debt-crisis bailout fund, but the problems Europe is experiencing are similar to those faced by America in the grip of the Fed's immense bailouts of the past two years. Increasingly, these are seen as morally repugnant by citi ...
Warren's Non-Sequitur
October 15, 2011
So Elizabeth Warren, Massachusetts candidate for the US Senate, says "there is nobody in this country who got rich on his own. Nobody." And so she is said to reject that it is possible for Americans to become wealthy "in isolation." (As if someone defended that ...
A Dangerous Precedent
October 11, 2011
According to the Fifth Amendment of the US Constitution, Americans are never to be deprived of life, liberty, or property without due process of law. The Constitution is not some aspirational statement of values, allowing exceptions when convenient, but rather, ...
The Ron Paul Revolution Past 2012
October 10, 2011
Times of great crisis in history are usually the crucible from which nations form new leaders and new visions. Such leaders seem to suddenly appear, often out of nowhere, to alter the national path pursued, to cleanse the old ways and stake out a saner, more ju ...
Greece in America
October 10, 2011
Most of us who are aware of world financial trends know that earlier this year thousands of Greeks took to the street and mercilessly engaged in destruction of property around Athens. They were upset about having to tighten their belts in the wake of the possib ...
Hope for Occupy Wall Street?
October 08, 2011
It is interesting to watch the expansion of the Occupy Wall Street movement. As I wrote last week, I hoped it would provide an opportunity to for people to proclaim clearly that central banking was the fundamental problem with the Western world today. The artic ...
Obama the Wuss!
October 08, 2011
Here is why President Obama is a wuss. He has never shown much taste for the war on drugs yet he has done nothing to stop it. He could save a bundle of money (certainly vital in these times) and, more importantly, get people out of jail and prison who shouldn't ...
Will Congress Declare A Trade War Against China?
October 06, 2011
The approval ratings for both the US House and Senate are currently in dramatic free-fall. A September 2011 Gallup Poll warns that 81% of Americans are dissatisfied with how the United States is being governed. Other findings include a near record criticism of ...
The Fed Twists, The Market Shouts
October 04, 2011
Last week the Federal Reserve began the second incarnation of "Operation Twist," an attempt to drive down interest rates by purchasing long-term Treasury debt and selling short-term debt. This is just the latest instance of the central bank desperately flailing ...
Currency: The Hidden Portfolio Risk
October 04, 2011
In today's investment landscape, risk can come in all shapes and sizes. When structuring a stock portfolio most investors try to gauge the risk in buying particular stocks. Savvier investors also factor in sector risk, business cycle risk and recession risk. Ca ...
Blaming Wall Street Is Wrong
October 01, 2011
The Blame Wall Street meme is back. A popular movement called Occupy Wall Street is attracting attention by protesting in and around the US financial district. In this editorial, I want to examine what the protest means in a larger context. The impulse of the d ...
On the Recent Gold Pullback
October 01, 2011
The past couple weeks have seen a strong pullback in both commodity prices and stocks. Gold fell sharply off its peak after soaring just past $1,900. Volatility in commodity, currency, and equity markets has been very high recently, and these short-term price m ...
Good Bye, Reason?
September 29, 2011
This passage comes from the managing editor of Reason magazine, which I helped launch back in 1970 and which set out to be a corrective to our society's widespread embrace of various versions of subjectivism and relativism. The passage exemplifies just such a v ...
A Palestinian State?
September 27, 2011
The Palestinian Authority's recent announcement that it would seek UN recognition as an independent state dominated the news and the political debate in the United States last week, though in truth it should mean very little to us. Only a political class harbor ...
The Police State Abolishes the Trial
September 27, 2011
Several years ago, the police entered the office of a young professor at a reputable university and arrested him for an online crime. They took the professor away, booked him, and then offered him a deal: admit guilt and get off easy. The professor said to the ...
Infrastructure Stimuli
September 26, 2011
One of my colleagues, who is in substantial agreement that the free market is best, argues that if one is going to have a stimulus – and given how politicians always need to do something, whatever it is, this is very likely in the face of crises such as the c ...
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 ...
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