Forget Earth Hour, today is the 175th anniversary of the Senate censuring Andrew Jackson for ending of the Second Bank of the United States.

Continue reading " Today In Central Banking "

To coincide with the release of his new book, the prolific Thomas Woods, one of my favorite writers, has an article in Human Events:
According to Bob Higgs we may as well call the so-called stimulus bill “swimming-pool economics.” It’s based on the idea that if you take water from the deep end and pour [...]

Continue reading " Thomas Woods Explains It All "

Oops. Turns out the GOP was right on the bailout before they flip-flopped:
Not that anyone pays attention to party platforms, least of all McCain, but a reader spots this rather unambiguous section of the platform just passed by the GOP:
We do not support government bailouts of private institutions. Government interference in the markets exacerbates problems in the [...]

Continue reading " GOP Bailout Hypocrisy "

[University of Chicago economics professor Luigi Zingales on why Paulson is wrong.]
When a profitable company is hit by a very large liability, as was the case in 1985 when Texaco lost a $12 billion court case against Pennzoil, the solution is not to have the government buy its assets at inflated prices – the solution is [...]

Continue reading " Say NO to the Bailout "

Of course we already do that through inflation, however Gerald P. O’Discoll, former adviser to the Fed, writes in the Wall Street Journal that we’re at a tipping point:
As Milton Friedman long ago taught us, government spending is the ultimate tax on the economy: It extracts real resources from productive, private use and puts them [...]

Continue reading " Will the US Government Repudiate Its Debt? "

It took me a few days since I put it on my must read list, but I finally had a chance to read Robert Murphy’s study debunking the often-repeated idea that speculators are to blame for oil prices.
I can’t find the link now, but I also recently read a article comparing commodities that have futures [...]

Continue reading " Speculators and Oil Prices "

A great spot with Ron Paul on Fox Business news. He makes it clear that the Federal Reserve is responsible for the massive malinvestment that has caused the recent recession, and that real capitalism would create real growth, instead of the current and predicable, bubble and bust cycle:

Continue reading " Ron Paul on Real Capitalism "