David Stockman: This Is a Giant Ponzi Scheme
David Stockman, who served as President Ronald Reagan’s first budget director, has written something either very right or very wrong, based on the scorn he has been receiving from people[...]
Tagged: federal reserve
Central Banks Buy Gold, Print Money
Central banks bought 534.6 tons of gold during 2012, the largest amount in 48 years. Interest is clearly growing in gold as an international monetary asset as more countries have[...]
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Rethinking Money: The Rise Of Hayek’s Private Competing Currencies
Auditing the Fed, replacing Fed monetary policy discretion with a mandatory price rule governing policy, even the gold standard, Nobel Laureate Friedreich Hayek pushed the envelope beyond all of these.[...]
Economics · FIRE · Legal Affairs · Politics
Gambling in the Casino: U.S. vs. Standards and Poor’s
Like Captain Renault in the 1942 movie Casablanca, I am “shocked… shocked” to find that gambling has been going on in the mortgage-backed securities business. And so, apparently, is the[...]
Budgets/Taxes · Economics · Politics · Taxes
Is President Obama Really A Socialist? Let’s Analyze Obamanomics
President Obama says that income taxes must be raised on the rich because they don’t pay their fair share. The indisputable facts from official government sources say otherwise. The CBO[...]
Budgets/Taxes · Economics · FIRE · Politics · Taxes
After The Fiscal Cliff or Grand Bargain
A great deal of attention is currently being paid to the fiscal cliff and a grand bargain. If the past is any indicator, under either event taxes will go up[...]
Budgets/Taxes · Economics · Politics · Taxes
A Good Day for a Fiscal Cliff Hanging — and Defending Grover Norquist
[First published at The American Spectator.] It seems like everyone is piling on my college friend Grover Norquist because they can’t wait to abandon the tax pledge not to raise[...]
Budgets/Taxes · Economics · FIRE · Politics · Regulation
Restoring the American Dream
[First posted at The American Spectator.] President Obama told a sleepwalking America in his Democrat Convention Acceptance speech: I won’t pretend the path I’m offering is quick or easy. I[...]
Budgets/Taxes · Economics · FIRE
Hoover Institution Experts: Our Growing Economic Mess
In a recent editorial in The Wall Street Journal, a group of prominent economic experts took the government to task for many of its current poor fiscal and monetary decisions[...]
Is Price Inflation Nearly 11 Percent? Economist John Williams Says: Yes
John Williams runs the Shadowstats.com Web site, which calculates inflation, gross domestic product, and other economic indicators by measuring them the way the government would have done decades ago. He[...]
The March of Folly: The Absurdities of the Wall Street ‘Occupation’
The recent “occupation” of Wall Street has shed light on what is becoming an unfortunate phenomenon in American society; the purposeless protest, the destructive demonstration, movements that serve only to[...]
Economics · FIRE · Politics · Regulation
Bernanke Doubles Down on Policy He Personally Said Had Failed
This is rich. Federal Reserve Chairman Ben Bernanke this week announced Operation Twist, a program to pour hundreds of billions of dollars of Fed money into long-term debt to drive[...]
Wednesday’s Editorial on The Fed: Stupid Even for The New York Times
In today’s New York Times there is an editorial that takes the supposed masters of money at the Federal Reserve to task for their timidity. It’s an almost boundlessly stupid[...]
Great News! Fed Economists Predict Gloom!
America’s answer to Soviet central planning — the Federal Reserve — yesterday announced it’s determined to hold interest rates to virtually zero for another two years. This will give savers[...]
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Somewhat Readable Links- iPencil | National Review Online
- Eagle Scout Faces Felony for Honest Mistake
- James Bovard: A Brief History of IRS Political Targeting - WSJ.com
- The IRS Scandal: the Future of Big Government Is Now « Commentary Magazine
- Lessons from the IRS scandal | Power Line
- On the AP-Justice Department Story - Ricochet.com
- Emptyage — Generation X Doesn't Want to Hear It
