News & Analysis
A MUST-READ FOR EVERYONE
The Daily Bell is a must-read for anyone who wants to understand the effects of the state on our economic future.
MESSAGES OF TRUTH
The Daily Bell website is one of the authentic voices cutting through the clouds of vapid opinion, the morass of mediocre media and the confusion of Orwellian doublespeak. The Bell website lives up to its name, ringing unheard messages of truth in our ears.
SEPARATES WHEAT FROM CHAFF
The Daily Bell is a true beacon to lead in helping the reader to separate the wheat from the chaff.
Liberty is under assault by Big Government. The Daily Bell is an essential tool for information for those who want to fight for freedom.
The Daily Bell is a fantastic source of challenging thought from a wide range of freedom loving people.
I consider The Daily Bell essential reading for anyone desirous of understanding the way the world really works.
GREAT JOB, DAILY BELL
I can say that, unlike the mainstream press, The Daily Bell knows the questions to ask and has the chutzpah to ask them. They realize that socialism and Keynesianism are wrecking the world and they are helping to save what is left of liberty and free markets.
PROFOUND AND PROVOCATIVE
Every day, I rely on the Daily Bell for a different perspective you'll never find in the regular media. It's an analysis and timely insight that is profound and provocative.
THE DAILY BELL IS A MUST-READ
Because the world is changing so rapidly, it is difficult to keep up, which means The Daily Bell is a must read. I consider the information critically important reading.
The Daily Bell is one of the most innovative and in-depth websites on the Internet. The breadth of the content is awe inspiring and the amount of knowledge imparted is almost impossible to quantify. For me, as a liberty minded seeker of knowledge, it is a must read.
AHEAD OF THE CURVE
The Daily Bell has come out of nowhere to introduce to the Internet community some of the most intriguing and proactive interviews there are out there. Let's hear it for creativity and being ahead of the curve.
The Daily Bell features consistently solid analysis of and thoughtful challenges to contemporary statism. I am proud to be on the team.
NEVER MISS AN ISSUE
I love the Daily Bell. Every issue is principled and informative.
The Daily Bell affords an excellent alternative perspective on some of the noise and nonsense of mainstream media. In particular, I enjoy reading Anthony Wile's 'free-market analysis' on current subjects and articles. Very insightful.
SOURCES YOU CAN TRUST
The Daily Bell should be on everyone's shortlist of news sources you can trust. It's on mine, and we often refer to it in our own weekly news service at The Reality Zone.
READ IT EVERY DAY
A defender of free markets, The Daily Bell takes a libertarian approach to expose and unravel global misinformation. Read The Daily Bell – every day!
A VIRTUAL WHO'S WHO
The good and the bad, the big dogs and the small, the thinkers and the doers among libertarians and on the "Right" – you can encounter them all in The Daily Bell's exclusive weekly interviews. Indispensable.
GREAT INVESTMENT INFORMATION
I love reading The Daily Bell! Interesting investment information, a political and social viewpoint that lets me know I'm not alone in the world and "annotated" with analysis. I highly recommend it to all interested readers.
GREAT THINKERS YOU CAN'T GET ANYWHERE ELSE
The Daily Bell has revived that great old institution of the personal interview, extracting information from today's great thinkers you can't get anywhere else. Outstanding!
For alternative views on contemporary politics, culture and science, from a libertarian point of view, check out The Daily Bell.
The Daily Bell is an indispensable source of news and information for those seeking to curtail the power of the welfare-warfare state.
OUT OF THE DARK
The Daily Bell leads us out of the dark tunnel of manipulated press into the light of free press.
THOUGHTFUL NEWS, EXCLUSIVE INTERVIEWS
I always read the Bell. The news items are thoughtfully selected, and the interviews are unavailable elsewhere.
I read The Daily Bell every day and I find it very informative.
I really enjoy reading The Daily Bell for the excellent research and content provided on a wide variety of issues vital to the Freedom Movement.
INSIGHT YOU CANNOT IGNORE
The Daily Bell provides unique insights on contemporary political, economic and social problems that can be found in such a concentrated form nowhere else. Whether one agrees or disagrees with it, one cannot afford to ignore it.
There is no other publication in print or on the Internet like The Daily Bell. They have the courage to report the truth and analyze current foreign policy, politics and economic events in the context of a formerly hidden history of financial elites.
PREMIER FREE-MARKET ANALYSIS
The Daily Bell rings out for liberty every day. It is the premier online source for insightful and hard-hitting free-market analysis and interpretation of economic, political and business events.
A LEADING LIGHT
The future is created by the people who build it, not the people who predict it will not exist. You can meet lots of important builders by reading The Daily Bell.
PART OF MY DAILY NEWS DIET
I read it every day!
INFORMATIVE SOURCE OF INFORMATION
The Daily Bell is an informative source of information and commentary from leading figures in the liberty movement. It's a pleasure to be interviewed alongside far more notable individuals.
Get outside the box with The Daily Bell and experience independent views.
The Daily Bell has a great libertarian point of view, and excellent economic analysis. Add it to your daily reading.
GUTS, OBJECTIVITY, WISDOM
Rarely does a publication have the guts and objectivity to tell it like it is, yet the eloquence and wisdom to listen carefully to the ‘other side.’ This is The Daily Bell accomplishing its daily mission.
The Daily Bell does a remarkable job of exposing how money power uses central banking to crush people into submission via global government with economic and political slavery being the desired end result.
Sit down to read from The Daily Bell and experience a jolt of intellectual energy.
CUTTING EDGE ANALYSIS
At a time when growing majorities worldwide are tuning out mainstream news, people are seeking the cutting edge, insightful and thought provoking analysis that The Daily Bell consistently provides.
I enjoy reading The Daily Bell because it often has refreshing and novel ways of looking at things.
VOICE OF REASON
I have thoroughly enjoyed the analysis and interviews at The Daily Bell, which has so often been a voice of reason during these perilous times
TRUTH AT WORK
There are very few publications out there that have the smarts and guts to tell the truth about the dictatorial forces at work destroying our civilization. Thankfully The Daily Bell is one of them, and it appears in the mailbox every day.
Deficit and Debt Are Caused by Baby Boomers, Not Socialism ... Yesterday, the nonpartisan Congressional Budget Office (CBO) released a lengthy report proposing 103 ways to cut the federal deficit. The report contains plenty of red meat for partisans – from block-granting low-income assistance programs for savings of $404 billion over the next decade, on the right, to imposing a greenhouse-gas tax raising more than $1 trillion (more deficit-reduction than any other option), on the left ... If we want not to leave the country in hock a generation from now, it is therefore this generation that must change. Both parties envision passing the buck to younger Americans 25 years from now, whether through denuded entitlements (Republicans) or increased taxes (Democrats). If those burdens started falling now, instead, on the generation just reaching retirement age – and thus at the peak of their earnings and wealth – through entitlement trims or tax contributions targeted to those who can best absorb them, the necessary sacrifice would be smaller and, of course, fairer. (Just asking today's top1 percent to start paying for their Social Security and Medicare like everyone else would generate $470 billion – a significant bite out of the problem.) In short, it's up to those now graying to save the country from the Grecian Formula. – US News and World Reports
Dominant Social Theme: Let's get some discipline, folks!
Free-Market Analysis: This article is a good example of how modern US journalism in the mainstream media frames problems and solutions to come up with answers that are increasingly irrelevant.
In truth, the US deficit, money printing and monetary inflation are out of control – but not as reported. This article frames the problems in such a way as to suggest that the current system is intact and, with some good will and tenacity, the Baby Boomers in charge can solve even the most significant challenges and avoid a country-wide bankruptcy.
Is this really so? The main point of the article is to be found in its title: The nation's plight is the result of a lack of discipline and is neither systemic nor insolvable. Baby Boomers need to summon the willpower to make lifestyle changes that are reflected in budgetary provisions. They need to cut some costs and even more importantly raise some additional tax revenue.
By framing the issue this way, the article does seem to place the onus on the generation now in charge to find the requisite courage to cure their nation-state. Here's more:
But CBO's analysis is most instructive on the question that precedes all that: Should we cut the deficit? First of all, the CBO report makes clear that the rampaging deficits of President Obama's first term were driven largely by the demands of the recession and thus are fading now: The recovery and recent budget deals have dramatically reduced the deficit from nearly 10 percent of gross domestic product when Obama took office to only about 4 percent today.
Without further policy changes, it will fall to only 2.1 percent in the next two years. The combination of falling deficits and swelling economic growth means that debt as a share of GDP has now shrunk to 73 percent and will fall further to 68 percent by 2018. The notion that the deficit is so excessive that the U.S. is the next Greece is thus dangerously erroneous.
But the economy, while not exactly booming, is also doing well enough for us to begin thinking about winding down the deficits' stimulative effect. In fact, the CBO makes clear that, in the long term, the budget deficit – and, more crucially, the level of public debt – explodes.
... Factoring in that economic harm – and, even worse, the likely self-inflicted wounds from extending current policies – would result in federal debt reaching 190 percent of GDP by 2038, CBO projects. Now, that ought to turn everyone's hair gray. In fact, as the report also makes clear, it's graying – not the alleged socialism of the Obama administration – that already drives these numbers.
That brings us to what can or must be done. I've suggested that we can probably eliminate about half the deficit long-term through cuts that the vast majority of Americans, left or right, wouldn't complain about, and, in fact, many if not most of the options raised by the CBO should be largely uncontroversial.
But some tough choices remain, and the CBO report reminds us of some basic math of which every American should be aware: Social Security, Medicare, and Medicaid (which has grown from being the health care program for the poor into primarily the long-term care program for the middle class) consume half the budget, and will grow to nearly two-thirds over the next 25 years. In other words, programs for Baby Boom retirees are the primary driver of the debt problem.
Do any of our regular readers agree with the above? Will tomorrow's US be similar to today's? Will it even exist?
There are forces that militate against the current system. In fact, we tend to believe the US's real problem is its out-of-control military-intel-industrial complex. You don't find that mentioned here, of course. This is a clinical analysis focused on the US government as expansive only because those in charge want to "help" people.
The idea seems to be that if fedgov were less compulsively generous and allowed for further targeted, technocratic taxation, Baby Boomers could right the ship of state. As this out-of-control generosity continues to haunt the legislative process, Baby Boomers will have to muster the courage to combat it.
Thus, the article has framed the problem. There is no discussion of the vicious war in Iraq or the decade-long struggle in Afghanistan that is reputed to have cost some US$6 trillion – though as usual no one knows because there will never be a valid accounting.
What about the construction of the surveillance state that now gathers information apparently on every man, woman and child in the US on a regular – compulsive – basis? And what about the CIA's covert wars that are destabilizing the entire Middle East under cover of "youth revolutions"? These are expensive efforts, as well, that will cost hundreds of billions, and then trillions, over time.
Snowden's revelations – whatever else they have done or were meant to do – have shown clearly that top US leaders are intent on creating an Orwellian world not just in the US but also throughout Europe.
Authoritarianism is endlessly expensive and feeds upon itself. It is a closed loop of psychic violence. Those who have created and expanded this sort of governmental enterprise will be driven to yet more control and incipient violence by fear that "enemies" will strike back. Eventually, everyone becomes an enemy. And that's expensive, indeed. And eventually, insupportable.
The article persists in treating what ails the US (and the West) as overspending. A combination of taxation and deficit pruning are all that is needed to recreate a stable and prosperous society.
Like so many mainstream jeremiads, this is surely intended to soothe the masses while confusing them. It is like a conjuror's trick. As an all-encompassing Leviathan is created incrementally and relentlessly, we are directed to discuss budgetary matters that will actually have little impact on larger authoritarian trends.
The article should be asking, who will want to live in the United States – solvent or not – if the larger issues of a nascent Surveillance State remain unrectified? How is it that Homeland Security buys 1.5 billion hollow point bullets and never properly explains the purchase? How is it that the West continues to wage unpopular and unnecessary wars? How is it that taxes and regulations pour out of Western governments with no possibility of diminution?
These are the big issues facing the US and the West today. The intrusive nature of the military-intel-industrial complex and why it has grown so steadily and aggressively is the major problem of our day. To write about the US economy as if it were merely a matter of technocratic – numerical – jigging of certain numbers is disingenuous.
The US is long past its heyday as a 20th century technocratic state. The forces in play now are destabilizing and destructive. What Baby Boomers need to worry about is how to retain and bolster their rapidly vanishing freedoms.
A free people can take control of its destiny. The unfree cannot.