STAFF NEWS & ANALYSIS
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January 23, 2010
Did the results of the recent Massachusetts election in a sense presage a growing formal schism between conservatives and libertarians who supported the "real" Tea Party candidate Joe Kennedy? We've written about the schism in the past without being sure of its ...
January 23, 2010
It has been my experience that people who take politics seriously tend to want to have their idea of a good or just system of laws fully implemented. Yet these people aren't ignorant about the poor prospects of achieving their goal. Unless a society is being ru ...
January 22, 2010
Bernanke is vainly striving, presumably with the help of the Obama administration, to point the finger of blame for the economic crisis directly at Wall Street. This is all he can do, really. For if Congress does come up with a severe realignment of Wall Street ...
January 22, 2010
We've learned some interesting things in the past 24-hours. According to Newsweek and the New York Times, "FreedomWorks, headed by former Republican House Majority Leader Dick Armey, helped direct the Tea Party movement in Massachusetts to score the upset win f ...
January 21, 2010
John Bogle is back at it again. The pioneer in the area of low-cost funds, Bogle always beats the drum for the small investor and positions himself as Wall Street maverick tilting at the windmills of greed and avarice. Bogle in this Journal opinion piece makes ...
January 21, 2010
We said we would return to the Tea Party movement and with the victory of Scott Brown in Massachusetts, now is as good a time as any. We see the First National Tea Party Convention (taking place in early February) is already sold out! Not only that, but it's ke ...
January 20, 2010
This is really unheard of, in our opinion. Even a year ago, the idea of the Fed actually "welcoming" a full review by Congress into ANY of activities would have seemed faintly ludicrous. Even now, we wonder what the Fed really has in mind – what slippery rhet ...
January 20, 2010
Well, this is interesting. We've written articles expressing the idea that the EU itself is something of a German reconquest of Europe without the messy effects of a war. But even within this context we wondered how much German citizens would be willing to pay ...
January 20, 2010
The Pecora Commission was stacked with big government sympathizers who blamed the free market and the gold standard without question, and without any consideration of government interference in the economy. This panel is no different. Never will they contemplat ...
January 20, 2010
The idea that just because there are other persons who are disabled or lacking in what they would want, no one may take pleasure in what he or she does have, may have a noble ring to it but it is complete folly. It is contrary to the very point of feeling sorry ...
January 19, 2010
We must admit we don't "get" the Tea Party movement either. Yes, it may be growing, but we think the mainstream media – and even portions of the alternative media – are purposefully massaging the movement's profile to fit certain political conceptions. But ...
January 19, 2010
There are always those, well educated and passionate, who make a case for a pax Americana similar to a pax Romana and that within this context a world-spanning and judiciously militaristic (American) empire may be seen as a good thing. We think, in fact, this p ...
January 18, 2010
The Internet, in our opinion, has been a big impediment to the plans of the power elite to drive global hegemony forward based on the latest financial crisis. It has taken a long time to organize an international response and there is no certainty that the over ...
January 18, 2010
The Anglo-American power elite uses promotional methodologies to create fear and uncertainty in Western citizens – who in turn surrender their wealth and freedom to purchase the illusion of personal and familial security. This article briefly reviews how thes ...
January 17, 2010
The Daily Bell is the Daily Bell is pleased to publish an interview with the distinguished libertarian scholar, Thomas E. Woods, Jr. Dr. Woods is a senior fellow at the Ludwig von Mises Institute. He holds a bachelor's degree in history from Harvard and his mas ...
January 16, 2010
Last week it was revealed that when Treasury Secretary Tim Geithner was Chairman of the New York Federal Reserve, he urged AIG officials not to disclose to the Securities Exchange Commission relevant details of agreements with banks to bail out Goldman Sachs. A ...
January 15, 2010
So it comes down to this. The American CFTC which runs gold and silver trading is concerned about "speculative bubbles" and is determined to get ahead of the curve. It may impose limits on how much metal can be purchased, in aggregate, on any given day or even ...
January 15, 2010
It is actually very difficult to come up with an understanding of what is going on in America if one restricts oneself to the kind of analysis that Boskin is offering here. A one-time advisor to George Bush senior, which should set off alarm bells of itself, Bo ...
January 15, 2010
Our televisions screens have been full of those tragic pictures of the devastation and human hardship that has been caused by the earthquake in Caribbean country of Haiti. Governments and private relief agencies are mustering their efforts to bring assistance t ...
January 14, 2010
We've spent plenty of time on global warming and of course we considered it a power elite promotion from the start (many years ago). But we have been gratified to see how thoroughly the meme has collapsed, even though like all dominant social themes the officia ...
January 14, 2010
The Washington Times, which never looked in the direction of Iran without seeing military enterprise, is beating the drums for war again. Whenever there is a decisive violent event in Iran the Washington Times trots out another story about the coming Western wa ...
January 13, 2010
In Part One I discussed the clear and present danger to pension rights: deflation as manifested by the interest rates structure that has been falling for almost thirty years, while most observers still think that the real danger is inflation. In this concluding ...
January 13, 2010
It is common knowledge now, for those who read the Internet, that a republican form of government is far preferable to a democracy, which is the rule of the mob, yet this article we are analyzing is actually called "Democracy's Wane." Why would anyone be worrie ...
January 13, 2010
Last year ('09) we made two pretty good calls against the prevailing wisdom of the day. We proclaimed that the Federal Reserve was in big trouble as an institution (an somewhat unheard of idea when we mentioned it) and not much later we pointed out that the Chi ...
January 12, 2010
In 1950 Mises looked at the pension problem from the point of view of the shrinking purchasing power of the dollar, a consequence of what he called the deliberate policy of currency debasement by the U.S. government. In 1950 a pension of $100 per month was a su ...
January 12, 2010
We did NOT get an exceptional amount of push back to our previous article on feminism but what we did get made us think hard about how to portray a nuanced message here at the Bell in a way that would not dismay someone reading the Bell for the first time. So n ...
January 12, 2010
We are trying to cover what's going on in Britain regarding the war on terror since we have noticed that it's not getting a great deal of coverage on the other side of the pond. Wonder why that is? Some pretty troubling info is being revealed, but what is surpr ...
January 11, 2010
So now the whispers about government intervention into the world's largest stock market have reached the point where the mainstream press is writing about them. Way back in 1987, during the Crash, it was common knowledge - or at least a common rumor - that Alan ...
January 11, 2010
We've covered this ground before, but here we have more proof of just how its leadership has let Britain down. It seems odd to recall that only two centuries ago Britain was approaching the peak of its power. It ran an empire over half the world and its civil i ...
January 10, 2010
The Daily Bell is pleased to publish an interview with the distinguished libertarian attorney and activist, Edwin Vieira, Jr. Dr. Vieira holds four degrees from Harvard: A.B. (Harvard College), A.M. and Ph.D. (Harvard Graduate School of Arts and Sciences), and ...
January 09, 2010
Arguing that there was no reason to fear significant price inflation for the foreseeable future, the Open Market Committee also told that it was continuing to inject more Federal Reserve-created money into the financial markets as it finishes buying up by the e ...
January 08, 2010
Now the EU has thrown down the gauntlet. This could be a turning point. This is a big deal. After a gestation of 60 years, the EU powers-that-be are forcing a kind of confrontation. Perhaps they have no other choice, but that's a big deal too. It seems to us th ...
January 08, 2010
The liberation of women is in our opinion another dominant social theme, one of the longest running of the power elite's promotions. The real push for women to become part of the work force happened in the 20th century. Not surprisingly, this was the century th ...
January 07, 2010
We've been down this road before, but it is worth restating. The 20th century and now the 21st century has seen a tremendous employment distortion because of central banking. The central banking era really only got going in the early 20th century and that's whe ...
January 07, 2010
CBS has a breathless scoop – the cameras were off at Newark airport and no one knew how to turn them back on. O, the humanity! We prefer to think of CBS's scoop as a metaphor for the larger "war on terror" which in our opinion is more and more verging on a ki ...
January 06, 2010
You have to hand it to Ben Bernanke, he is a most persistent man. He has decided that the Fed has to combat the bubbles it blows – or at least sound contrite and responsible and has been grappling publicly with ways to do so for some time. The trouble with co ...
January 06, 2010
We have promised our readers not to keep score when it comes to the collapsing memes of the power elite because life is not simple and these are very big promotions. Also, in many cases it is not clear what constitutes a promotional setback. If one believes for ...
January 05, 2010
o Gordon Brown and his comrade in catastrophe, Ed Balls, have decided to give British children the opportunity to learn from their example. British schoolchildren are to be provided with a curriculum that will help them better understand finance as they grow up ...
January 05, 2010
First Dubai - now Greece? Sovereign states were not considered bankruptcy material in previous decades, but now it seems such bankruptcies are perfectly feasible to fathom. No one thought Dubai would default - that's what happened didn't it, at least for a litt ...
January 04, 2010
This past week we celebrated the end of what most people agree was a decade best forgotten. New York Times columnist and leading Keynesian economist Paul Krugman called it the Big Zero in a recent column. He wrote that "there was a whole lot of nothing going on ...
January 04, 2010
On January 3rd, just after Meet the Press, NBC-TV broadcast a radio address by President Obama and while I have become nearly completely pessimistic, even cynical, about expecting anything uplifting from politicians these days -- I think there could be some and ...
January 04, 2010
This article is more a reflection of Austrian economics and free-market thinking than Ron Paul. However, we don't think Ron Paul will mind since he traces his inspiration back to the Austrian fathers such as Ludwig von Mises and would modestly hold that nothing ...
January 04, 2010
We've stayed away from commenting on this because inevitably the "facts on the ground" will change. But surprisingly, Haskell, who is an attorney and financial planner, has stuck clearly and quietly to his story in such a way that his account seems credible. Me ...
January 03, 2010
The editors of The Daily Bell are pleased to publish an interview with the distinguished libertarian thinker and free-market activist, Nelson Hultberg. Mr. Hultberg is a freelance writer in Dallas, Texas and the Executive Director of Americans for a Free Republ ...
January 02, 2010
The Gold Anti-Trust Action Committee Inc. today (Dec. 30th, 2009) brought suit against the U.S. Federal Reserve Board, seeking a court order for disclosure of the central bank's records of its surreptitious market intervention to suppress the monetary metal's p ...
January 02, 2010
I do not have a right to my car but I do have a right to buy, keep, trade and otherwise act in relation to my car. Rights are what define our range of free actions. In some cases the right to act garners us huge wealth, in others, fame, and in yet others it wil ...
January 01, 2010
While the entire world it seemed was united some time ago in praising the Chinese miracle, the Daily Bell (being compulsively contrarian) was in the midst of writing a series of articles about how the Chinese economy was actually the largest bubble economy in t ...
January 01, 2010
We have noticed this ongoing convergence between the Chinese and Americans that is starting to yield some surprising fruit. Certainly there was a lot of focus on the relationship (or lack of one in Copenhagen). But this is a clear example to us. The Americans a ...
December 31, 2009
We long ago warmed to the idea that the universe was in a sense electric – as electricity not gravity (whatever that is) could be the binding and organizing force. Of course, we are not scientists, so we do not know for sure, or even understand it that well ( ...
December 31, 2009
Well thank goodness that the American administration has stepped up to the plate and done the right thing - the bailouts of Fannie Mae and Freddie Mac are apparently not even going to cost a cool trillion in taxpayer dollars all told. Of course, we're inclined ...
