The insanity of allowing government goons to “protect” us unfolds in Philly. The Philly Inquirer reports: After pulling her laptop out of her carry-on bag, sliding the items through the scanning machines, and walking through a detector, she went to collect her things. A TSA worker was staring at her. He motioned her toward...
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Huff Po reports: A House-passed provision to open up the Federal Reserve to an audit by the Government Accountability Office is unlikely to be included in the Senate reform package, Barney Frank told a meeting of House Financial Services Committee members Wednesday, according to people in the room. Frank, chairman of the committee, told...
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OK. Now I know without a doubt that Ron Paul has been reading my blog. Mao be praised. The Director of the CIA, Leon Panetta, has released this statement in response to congressman Paul’s speech: I know I have no real intelligence experience, and I’m currently a sitting board member of the New York...
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The US Treasury has declared the bailout caps for Fannie and Freddie will be raised to “unlimited”. Hence, you will be paying unlimited bailout money to the banks by way of men showing up to your door with guns in your face looting you for half your paycheck. Which will then be deposited into...
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The WSJ reports: NEW YORK (Dow Jones)–Goldman Sachs Group Inc. (GS) on Thursday delivered its richest quarterly profit in the investment bank’s 140-year history, driven in part because it restrained compensation amid a public outcry about excessive pay. The most profitable bank on Wall Street capped off a record year with quarterly earnings of...
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How competing currencies can get us out of the financial mess and put an end to the criminal practices of the private federal reserve bank: Ron Paul, as usual, knocks it out of the park. Economic freedom is the answer to our problems, not more big government regulations. Dr. Paul comments further on competing currencies here.
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John Stossel unloads in this epic and humorous speech in support of free market capitalism.
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The Center for Freedom and Prosperity fills us in: Keynes spent his days masturbating over how to expand the power of the political and banking establishment. Unsurprisingly, his theory of economics is what all politicians, federal reserve bankers, and federally funded economists go by when deciding economic policy. It hasn’t worked, its never...
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AP reports: WASHINGTON – Senate Democrats on Wednesday proposed allowing the federal government to borrow an additional $1.9 trillion to pay its bills, a record increase that would permit the national debt to reach $14.3 trillion. The unpopular legislation is needed to allow the federal government to issue bonds to fund programs and prevent...
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Mises’s Stephen Mauzy weighs in on institutionalized Ponzi schemes: The 1960s voting generation seems to have learned a thing or two about the fine art of institutionalized Ponzi schemes from their progenitors. Medicare’s costs doubled every four years between 1966 and 1980. Total Medicare spending reached $440 billion for fiscal year 2007, which was 16%...
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