At least for now, the bailout has been put down.
And on Mises’ birthday.

Continue reading " A Victory! "

Ron Paul on Cavuto:

Continue reading " Classic Ron Paul "

Over at StogieGuys.com we note that an extreme expansion of Michigan’s smoking ban has been defeated… at least for now.  For more on tobacco prohibition in Michigan read this Detroit Free Press op-ed by Jacob Grier. Also see the nasty hate mail the smoking nannies sent Jacob in response to his defense of personal liberty.
Lots [...]

Continue reading " A Small Victory Against the Nanny State "

T. Boone Pickens has a great name, but he also has a lousy plan that he’s trying to push on the American public.  In the past few days a “Pickens Ambassador” has left two three (see below) identical comments on this site pimping the “Pickens Plan.” And I don’t doubt that the same comments have been [...]

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Don’t say nobody could predict this.  Here’s a floor speech from Ron Paul in 2002:
Congressman Ron Paul
U.S. House of Representatives
July 16, 2002
Mr. Speaker, I rise to introduce the Free Housing Market Enhancement Act. This legislation restores a free market in housing by repealing special privileges for housing-related government sponsored enterprises (GSEs). These entities are the [...]

Continue reading " This WAS Predictable "

Dear Friends:
The financial meltdown the economists of the Austrian School predicted has arrived.
We are in this crisis because of an excess of artificially created credit at the hands of the Federal Reserve System. The solution being proposed? More artificial credit by the Federal Reserve. No liquidation of bad debt and malinvestment is to be allowed. [...]

Continue reading " Ron Paul: My Answer to the President "

Never mind that we don’t need the bailout, where exactly did the $700 billion number come from?  Why not $500 billion, $650 billion or $800 billion?
Did they just pull the 700 billion out of thin air?
Yes, it turns out they did:

In fact, some of the most basic details, including the $700 billion figure Treasury would [...]

Continue reading " Why 700 Billion? "

Here’s a question you’re not supposed to ask:

Wall Street Strip
Is Paulson’s bailout bill unconstitutional?
By Rod Smolla
Posted Wednesday, Sept. 24, 2008, at 1:43 PM ET Henry Paulson
Does the Constitution have any role in the intense debate and blowback surrounding Secretary Henry Paulson’s $700 billion bailout proposal? There is nothing in our founding document that prohibits taxing [...]

Continue reading " Is the Bailout Bill Constitutional? "