EDITORIAL Showing 1451 - 1500 of 1927
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 ...
Two Opposite World Views: Agency or Victimhood
August 10, 2011
What causes poverty and hardship? Is it scarcity – not enough stuff to go around? Or is it a result of violence and enslavement of one class of people by another? Your answer to this question will fundamentally determine whether your political allegiance is w ...
Super Congress a Gift to K Street
August 09, 2011
The Super Congress created by the recent debt ceiling increase deal is a typical example of something nefarious attached to a bigger bill that is rushed through Congress without giving Members ample opportunity to consider the full ramifications. This commissio ...
What's Happening on Wall Street?
August 08, 2011
In my view, the current downturn in the market is connected with the continuing fiscal crises in the United States and in Europe. In the case of the U.S., I think an important element is market awareness that the government's debt problem has been left complete ...
The Moral Defense of Capitalism
August 08, 2011
One reason that our founding principles are in such deep trouble today is that many years ago our parents and grandparents... and great grandparents, conceded to the enemies of freedom the moral high ground. Those advocating socialism, communism and fascism wer ...
Steps You Can Take to Protect Yourself from Hurricane Reality
August 06, 2011
Last week I discussed the nature of the "time taxers" and how easy it is for people to blindly be lulled into living their life in service of the State – or those who control it. And in that editorial I suggested that time, being the most precious commoditty ...
The Cost of Liberty Is the Acceptance of Human Nature
August 05, 2011
Self-acceptance involves accepting personal limitations and possibilities. It is a crucial step in any personal development – you first have to be aware of and accept what's true about your life if you want to be able to then change your life for the better. ...
Getting Serious About Recovery
August 04, 2011
This is how economic recovery can be encouraged by all levels of government in the U.S.: 1. Remove all preemptory government regulations of all the professions and businesses. 2. Cut taxes to the bone, when possible totally abolish them. 3. Cut all subsidies an ...
Debt Reduction Delusions and the Menace of Big Government
August 03, 2011
In spite of the rhetoric in the media about a national debt crisis having been averted through a rise in the government's debt limit on Tuesday, August 2nd, the fact is the United States remains very much in the midst of a fiscal disaster. The Congress has appr ...
Cleaver's Bad Theology
August 03, 2011
Representative Emanuel Cleaver of Missouri produced a sound bite following the recent passage in Congress of the compromise bill on the dept ceiling and spending cuts. Even as this bill didn't by any means manage to demonstrate Congress's serious understanding ...
When a Cut Is Not a Cut
August 02, 2011
One might think that the recent drama over the debt ceiling involves one side wanting to increase or maintain spending with the other side wanting to drastically cut spending, but that is far from the truth. In spite of the rhetoric being thrown around, the rea ...
The Fiat Dollar & Debt Democracy Experiments Have Failed
August 02, 2011
Washington claims the federal debt limit extension is a done deal and the threat of default is postponed. This is just more political theatre as the Treasury debt downgrade will happen and eventually a bankrupt America will attempt to inflate the debt away and ...
Debt Deal Is a Blank Check
August 02, 2011
By supposedly compromising to raise the debt ceiling, Congress and the President have now paved the way for ever higher levels of federal spending. Although, the nation was spared the trauma of borrowing restrictions, the actual risk of default existed solely i ...
As America Continues to Tank, What Will You Do?
July 30, 2011
The Internet Reformation is rolling forward. People are waking up to the reality of a money elite controlled world and the gallows that have been erected to enslave them in misery, debt and taxation. People feel the oppressive tax burden that requires them to c ...
Gold and Silver Beyond the Limit
July 29, 2011
Perhaps the debt ceiling should be renamed the "national debt target," for it seems Washington is always trying to reach it. One could say it's their only reliable, time-tested achievement. And without fail, upon reaching their national debt target, they prompt ...
Defining the Moment: The Internet Reformation
July 28, 2011
The Internet Reformation is the culmination of the power and glory of Western civil society and free-market thinking. It is the apogee of all that is best in a sweep of history that began with the ancient Greeks and has culminated in the hearts and minds of mil ...
Just Say No
July 28, 2011
After sustained profligacy comes the dreaded cold turkey. Any kind of habitual indulgence can only be stopped if at some point the "addict" says "no" with no excuses. I would assume most people have been through this. I know a few personally. They have kept up ...
Ideas and the Culpability for Violence
July 27, 2011
The violence perpetuated by Anders Behring Breivik in Norway unleashed the usual torrent of blaming anyone who might have influenced the murderer's thought. He was first described as a right-wing Christian – a description designed to put a certain community o ...
The Debt Crisis and the Fiscal Leviathan State
July 26, 2011
The current fiscal crisis that fills the pages of the newspapers and the news shows on television has all been revolving around the issue of raising the government debt limit. In fact, the present Congressional-approved debt limit of around $14.3 trillion dolla ...
Obama Demagogues Default
July 26, 2011
President Obama has continued and increased the reckless spending of the previous Administration. Now, as the federal debt reaches its statutory limit, he is spreading fear and panic in the hopes of having it raised. Many of the key people responsible for Ameri ...
The Pesky Neighbor and the Debt Ceiling
July 26, 2011
Imagine you had a pesky neighbor who somehow took out a mortgage on his house in your name and by some legal trickery you were obligated to pay for it. Imagine watching this neighbor throw drunken parties, buy expensive cars, add more rooms to the house, and hi ...
Why Gold Could Go Much Higher
July 23, 2011
Are there forces at work increasingly inflicting chaos and war on the world? If this is the case, the ceiling on gold and silver will keep moving higher. Gold went up again yesterday on bad news from the US, Norway and Europe. The bad news is a steady drumbeat, ...
Not Guilty Isn't Innocent
July 23, 2011
An indication of the sad state of journalism is how often when people show support for the Casey Anthony verdict they are labeled as Casey Anthony supporters. But they could very well be supporting just one thing. That would be to accept the "not guilty" verdic ...
Public Works on Steroids
July 21, 2011
What the Obama administration and its cheerleaders call "the stimulus" is by all sensible accounts the macroeconomic version of steroids. And you can get quite addicted to these – just as some athletes can to their versions. Now there are lots of things wrong ...
America's Fiscal Folly and Squandering of the Reserve Fund
July 20, 2011
The economic crisis through which the United States and much of the rest of the world are now passing is not another supposed instance of the "failure" of unrestrained capitalism. It is the failure of the government's own policies. In other words, it is a crisi ...
You Can't Eat Gold. But Can You Eat Real Bills?
July 20, 2011
I have received the following letter from a reader. Professor: I have been reading your essays on real bills for several years with great interest. If there were any contemporary examples of such credit in circulation, it would be easier to understand how real ...
Debt Ceiling Drama
July 19, 2011
The debt ceiling debate is providing plenty of opportunity for political theater in Washington. Proponents of raising the debt ceiling are throwing around the usual scare tactics and misinformation in order to intimidate opponents into accepting more debt and t ...
Ignorance Amidst Erudition
July 18, 2011
Stanley Kauffmann is the film reviewer of The New Republic and his work in this area is worth the time it takes to read it, at least for me. He is what I would consider an erudite film critic, drawing on a vast familiarity with the history of cinema. Indeed, wh ...
The Morality of Gold
July 16, 2011
We think that what the elites want to set up is a currency basket that includes gold and that will be utilized worldwide, a global currency in other words. This global currency will accompany what the Anglosphere powers-that-be are building in terms of a global ...
What's With Social Security?
July 14, 2011
When shortly after I arrived on these shores I got my first job as an usher in a cinema in Philadelphia, back in the fall of 1956, I asked about the deduction from my paycheck that went to social security. I had no agenda, just curiosity. My employer said those ...
Tea Party Confusion
July 13, 2011
The idea that politicians should sign a pledge to promote personal morality is contrary to the avowed Tea Party commitment to small government. If you want the government to have a restricted scope, you should stick to the US Declaration as your guide: Governme ...
Competing Currencies – a Defense Against Profligate Government Spending
July 12, 2011
The end of June marked what is hopefully the end of the Federal Reserve's policy of quantitative easing. For months the Fed has purchased hundreds of billions of dollars of Treasury debt, enabling the government to fund its profligate deficit spending, push the ...
Live and Let Live: Not in Silverado
July 11, 2011
In our era, at least in the West, it is under the guise of caring for the environment that many eagerly violate individual private property rights. In Silverado, a canyon community in Orange County, California, the Tree Huggers carry on this crusade to plan the ...
Don’t Be Fooled by Political Posturing
July 09, 2011
As attention focuses intently on the negotiations to raise the debt ceiling, House Republicans have made a great show of drawing a line in the fiscal sand. They claim that they will not vote for any deal that includes tax increases to narrow the budget deficit. ...
Wishful Thinking: Why The Economist Wants Social Media to Replace Blogs
July 09, 2011
The Economist Magazine is out with an article entitled "The end of mass media: Coming full circle." It actually provides us with a kind of sub-dominant social theme – that "social media" take us back to the pamphleteering days of Samuel Johnson, Ben Franklin, ...
TSA Abuses and Failures
July 06, 2011
The press reports are horrifying: 95 year-old women humiliated; children molested; disabled people abused; men and women subjected to unwarranted groping and touching of their most private areas; involuntary radiation exposure. If the perpetrators were a gang o ...
You Have Never Ever Seen an Elephant Fly
July 06, 2011
I would like to engage Dr. Joseph Salerno in a friendly debate on this maxim. In his interview with the Daily Bell published July 3, 2011, he sees nothing wrong with people drawing bills of exchange, or accepting them in payment, as these instruments are comple ...
Extortion, Private and Public: The Case of Chiquita Banana
July 06, 2011
Lefties have protested against Chiquita Banana for so long that most activists probably forget why they are supposed to hate the company. The company does have a spotty history, especially when it was United Fruit. For decades after the turn of the 20th century ...
Am I a Corporate Shill?
July 06, 2011
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 the legal details, nor even about the legal history. A bunch ...
The Pleasures of Humiliation?
July 04, 2011
Call me old fashioned, and in some matters I proudly am, but for me entertainment needs to contain a solid dose of enjoyment. So when I select my movies or TV fare, I usually check whether I will be enjoying what I am about to encounter. Of course, sometimes I ...
Rupert Murdoch's Failing Attempts to Control the Internet Reformation
July 02, 2011
Rupert Murdoch lost nearly his entire investment in MySpace the other day when he sold the failing social network to musician and actor Justin Timberlake and an ad agency he backs for some US$30 million, which was a good deal less than the US$500 million he pai ...
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