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The Folly of Fairness
May 05, 2010
So Bill Gates sold me some software when he was still in that business. He was then immensely rich, certainly compared to me. I was not compared to him. How unfair, you say? But Bill took his gains from this trade and used it to feed starving African children, ...
Mainstream Media Critical of the Fed?
May 04, 2010
Over the weekend, we analyzed a Washington Post article describing the economic crisis in simple but powerful terms. The article maintained that the problem was caused by risky lending and the solution was regulation to impel "banks" to reduce practices that co ...
Polish Plane Crash Stirs Internet
May 04, 2010
This is a powerful video. Is it a hoax? If it is proves to be true - and not fake or mistranslated - it will go down in the annals of history (unless it goes down the memory hole) as one of the most significant and memorable video documentaries ever created. Ye ...
The EU Has Faltered Over Greece
May 03, 2010
The Bell suggests that investors focus on the most fundamental issue of the 21st century when trying to analyze what's going on in the world from an opportunity standpoint. From our point of view this fundamental issue is the collision between the Internet and ...
Fixing the Dollar Machine
May 03, 2010
This Washington Post story is a great example of how the mainstream media goes about supporting a power elite dominant social theme. In this case the fear-based promotion is that there will be another financial meltdown if "reform" isn't enacted. And to put the ...
Egalitarian Straitjackets
May 03, 2010
In numerous areas of human life treating people in nearly exactly the same way may make sense. Thus, for example, when you go to your dentist, you are probably implored to floss – and so is everyone else who visits dentists. Other doctors, too, will prescribe ...
Robert Higgs on the Independent Institute, Free-Market Thinking and the Impact of the Internet
May 02, 2010
The Daily Bell is pleased to present an exclusive interview with Robert Higgs. Higgs is Senior Fellow in Political Economy for The Independent Institute and Editor of the Institute's quarterly journal The Independent Review. He received his Ph.D. in economics f ...
Is Fed Independence Good?
May 01, 2010
This article appearing recently at the Huffington Post by James Bacchus, a "former member of Congress," is noteworthy because it musters all the arguments against a Federal Reserve audit and, generally, Fed transparency. While Ron Paul (R-Tex) and others have b ...
Real Story of Offshore Drilling
May 01, 2010
We blame American oil companies for this most recent oil spill, but not for the predictable reasons. American oil companies, in our opinion, have helped set up a situation where there is a substantial amount of oil production offshore, even though there doesn't ...
Corporate Socialism
May 01, 2010
The idea that making a profit is somehow ignoble has ancient roots. Partly it stems from the utterly fallacious notion that when someone wins, someone else must lose. So if you go to the mall and purchase a sweater you really like, you must rip off the store wh ...
Potpourri of Volcanic Ash, Goldman Concerns, Chinese Currency Manipulation and More…
May 01, 2010
We truly live in a convoluted and strangely chaotic world. This last week alone has been a mix of all kinds of 'Updates' -worthy matters to discuss, one interlinked with the other. Where should I start??? Goldman Sachs? Eyjafjallajokull (the ominous volcano in ...
Greek Elites Whack Greeks Over Crisis
April 30, 2010
We promised ourselves not to write about the Greek/Euro crisis again for a couple of days, but we can't help but return to it when we see articles like the one excerpted above. In our view, the Greek crisis seems designed to provide real-life examples of what w ...
Mayor Bloomberg Blasts Arizonians Over Immigration
April 30, 2010
We've been reading the reactions to the Arizona anti-immigrant bill, and we've seen how the bill is being utilized to ignite a seeming groundswell of support for upcoming immigration legislation planned by the administration. Arizona's new law makes it easier t ...
Analyzing the Real Greek Failure
April 29, 2010
To the degree that these elites will use the financial crisis to further concentrate power and wealth, we think that increased, monetary chaos is a possibility. If, on the other hand, national economic elites allow a semblance of a marketplace for money to oper ...
Gold Shines Brightly
April 29, 2010
We agree with Eric Sprott about gold, or at least as his comments are reported in the above excerpted article. And of course we take into account that his optimism is colored by his launch of a gold hedge fund with a perceived superiority because investors can ...
Are Regulators Incorruptible?
April 29, 2010
Enthusiasts for increasing government regulations of people in business, including those in the financial markets, never bother to answer the one basic question that any rational person would need to have answered before joining them as champions of their propo ...
Geithner Dislikes Wall Street
April 28, 2010
US Treasury Secretary Timothy Geithner doesn't want to be seen as being affiliated with Wall Street, and we can't blame him. But what's odd from our perspective is that he does want to be known for being associated with "public service." We think this is very r ...
Wrong Law, Wrong Time?
April 28, 2010
Immigration is one of the most politicized issues of the modern nation-state. We would have preferred if Napolitano had offered up a libertarian position rather than a political one, as this sort of analysis only further reinforces people's perception that the ...
The Dishonesty of Obama's Keyensian Reform
April 27, 2010
We think President Barack Obama's statement that the upcoming US financial regulation bill could end boom-and-bust cycles is an unfortunate one. It illustrates a fundamental rhetorical dishonesty, because even the socialist economist John Maynard Keynes did not ...
Is the Afghanistan War Over?
April 27, 2010
We, too, believe that the Afghanistan war is winding down. Maybe the US military would like to continue it a while longer, but the home populations of the Dutch, the Canadians, the Germans, and even the British, are evermore opposed to it. From our point of vie ...
Socialism vs Corporatism
April 27, 2010
Lately many have characterized this administration as socialist, or having strong socialist leanings. I differ with this characterization. This is not to say Mr. Obama believes in free-markets by any means. On the contrary, he has done and said much that demons ...
Anti-Libertarian Point Refuted
April 27, 2010
Here we have a blatantly misleading assessment of a free society as well as men and women in such a society. Yes, Honderich is right that no one has an enforceable claim on other people providing food for them. There is in such a country no legal right to be su ...
Fight to Maintain Fed for Small Banks
April 26, 2010
So small banks want to retain the Federal Reserve as their regulator. We wonder why. It could be that the alternative the Dodd bill is offering is worse, but the article, excerpted above, taken on face value is somewhat bizarre to say the least. What did the Fe ...
9/11 Conspiracy Theories Gaining Momentum
April 26, 2010
The controversy around 9/11 is nearly a decade old now but it will not subside. People like David Ray Griffin continue to be in demand from a speaking standpoint and the amount of people who don't believe in the official 9/11 story may amount to as much as one- ...
Douglas French on Ludwig von Mises and the Advancement of Free-Market Thinking
April 25, 2010
The Daily Bell is pleased to present an exclusive interview with Douglas French. Mr. French is president of the Mises Institute and author of Early Speculative Bubbles & Increases in the Money Supply. He received his Masters degree in economics from the Univers ...
Jesse Ventura Hammered Over 9/11 Statements
April 24, 2010
The news in this article, excerpted above, has hit the US blogosphere hard. Throughout Friday, there were more and more comments, like an inflowing tide – as could be seen if one did a little bit of research on Google. What was it in the article that caused s ...
Saving America from Corporate-Statism
April 24, 2010
As America sinks deeper into the tyranny of bureaucratic corporatism via today's incestuous relationship between Washington and Wall Street, it is understandable why many among the citizenry have become disgusted, and it is gratifying that thousands of Tea Part ...
Skepticism About Government Regulation
April 24, 2010
Indeed, it seems to be common sense to worry about investing government with all the power being advocate for it now by Mr. Obama and Co., since, to put the matter simply, there is no reason to think that those who are the government possess any superior virtue ...
U.S. Goes Broke?
April 23, 2010
How did the world's biggest republic come to this pass? Twenty-five years ago, it seemed that America was indeed a shining light on a hill, or at least moreso than it had been for some time. The nation's rhetoric was shaped by its most libertarian president in ...
Murdoch Goes Off
April 23, 2010
There are many reasons why James Murdoch, the son of perhaps the most powerful media mogul in the world, might have wanted to confront his father's detractors. It could simply have been personal pique or perhaps he could have had some sort of professional or co ...
CATO Blasts Mercantilism
April 22, 2010
In the best of all worlds, money itself would be privatized through the adoption, perhaps, of free-banking and the resultant evolution of a private gold and silver standard. People would rely on competition and private (common law) to sort out grievances having ...
Will Israel Bomb Iran?
April 22, 2010
This is a dangerous game in the era of the Internet. Generally, thanks to the 'Net, a minority of citizens in the West are quite aware of the kinds of elite manipulations that have taken place in the past and are opposed to a repeat. While sanctions may continu ...
Computer Models Ruining EU?
April 21, 2010
We find the emerging explanations for the mess in Europe to be both compelling and predictable. Perhaps the Eurocrats (and the British) were wise to ban all flights for a period of time. But we assumed in our innocence that EU officials had done significant tes ...
Is Karzai a Nut?
April 21, 2010
This interview with Professor Nick Mills of Boston University is interesting because he apparently knows Hamid Karzai first-hand and has written a book about him. Thus the interview contained in this interview has not been sanitized so far as we can tell by the ...
Justice and Commercial Crime
April 21, 2010
No one in his right mind denies that people in commerce can become criminals. That's because people in any walk of life can--it is a basic human capacity not only to do something wrong but to hurt others with it. No other known animal is like us in this respect ...
Germans Desperate Over EU, Greece
April 20, 2010
The dominant social theme as regards the European Union seems simple enough: "Things are getting better" or, perhaps, "the market is calm and optimistic about Greece." But why is the elite orchestrating these sorts of sentiments – followed by wild gyrations i ...
What Happened to Intellectuals?
April 20, 2010
We have often wondered about the issues that Dr. Thomas Sowell is tackling. His point seems to be – and we confess we are responding to a book review ABOUT his book (called "Intellectuals and Society") – that the thrust of the Western intelligentsia in the ...
End the Mandate
April 20, 2010
Congress made a grave error by forcing all Americans to purchase health insurance. The mandate violates fundamental principles of individual liberty, and will lead to further government involvement in health care. It is time for legislation that fights back for ...
Wall Street Is to Blame!
April 19, 2010
The beat goes on. We identify dominant social themes for a living here at the Daily Bell, and one of the themes we have been anticipating is, "Financial firms made the mess." This is a predictable promotion of the power elite and one that was last trotted out m ...
Gore Cranks Up Pressure on Water Promotion
April 19, 2010
We are not surprised, either, to find Al Gore right in the middle of this upcoming promotion. As we have pointed out, these promotions are supposed to be inter-related. They stem from a perspective that human beings are blight, a ravenous horde of bipedal locus ...
Thanking Mr. Obama?
April 19, 2010
When President Obama recently admonished members of the Tea Party, urging that they show him gratitude, that they thank him, he demonstrated quite unambiguously his adherence to the doctrine of statism, one that includes monarchism, czarism, Caesarism, and all ...
George Selgin on Austrian Finance, Central Banks and the Virtues of Free Banking
April 18, 2010
The Daily Bell is pleased to present an exclusive interview with George Selgin. George is a professor of economics in the Terry College of Business at the University of Georgia, a senior fellow at the Cato Institute in Washington DC, and an associate editor of ...
In Defense of Goldman
April 17, 2010
We have no great affection for Goldman Sachs. The firm is a mercantilist excrescence that makes obscene profits by exploiting government laws and Western-style, modern central banking. More than almost any other "private" entity, Goldman Sachs has benefited fro ...
Germany & US Integrate Air Travel Surveillance Programs
April 17, 2010
It all starts with 9/11. If one accepts – and we do – that there are a massive amount of unanswered questions about 9/11, then much of what flows from 9/11 – the creation over the past decade of embryonic police-states in Europe and America and the endles ...
HIRE, FATCA, QFFI – Beware of Rampant Laws in Response to Rampant Spending
April 17, 2010
Indeed, over the past few weeks, an amazing sequence of laws, treaties and acts have been put in place to facilitate more deficit spending and more big brother powers. None of these laws enhance your liberties. None of them are aimed at protecting fundamental r ...
Soros: EU May Collapse
April 16, 2010
We think this is how the EU may end, not with a bang but with a whimper. Right now the European elite is fighting hard to prevent a break up and set new sociopolitical power precedents about what Brussels can do to supersede national rule. But we have a hard ti ...
Ron Paul Ties Obama in Polls, U.S. Polarization Grows
April 16, 2010
Wherever government is intrusive, society polarizes in this manner. America, with an entrepreneurial culture and vast middle class has proven to be resistant to this sort of polarization. But the economy itself, with its dependence on central banking and its re ...
Five More Years of Hard Times
April 15, 2010
Fiat money can stimulate stocks but it cannot rebuild badly distorted economies. Such events do not occur very often, perhaps every 50-75 years within any given fiat money cycle. But since the advent of the world's most powerful central bank, the Federal Reserv ...
Germany – Done With American Wars
April 15, 2010
The Afghanistan war continues to stumble from bad to worse from the West's point of view. It's hard to tell exactly what's going on because while success has many fathers, failure has only conflicting justifications. What's clear is that increasingly Europe is ...
Protection Versus Coercion
April 15, 2010
In matters of human conduct it is vital to distinguish between actions that coerce others to do something they must be in charge of choosing either to do or not do, versus resisting their attempts to coerce someone. If I try to make you eat your vegetables and ...
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