Archive for September 2009
Bernanke: Being Wrong… As He Always Is
This begs the question: Why are people still listening to this moron?
The Libertarian Revolution
Watch this great interview between Andrew Napolitano and Reason‘s Nick Gillespie on the future of the libertarian movement. They demonstrate that both parties have incrased the size and scope of government power, even Reagan and St Lincoln. Only libertarianism protects individual rights and promotes social-cultural-economic progress. As the great libertarian writers of the 17th, 18th, and 19th centuries understood, a free society enjoys liberty, prosperity, peace, and civilization. Big Government tyranny leads to slavery, stagnation, war, and barbarism. May God save us from bipartisan tyrants.
See the video here.
Peter Schiff is Officially Running for Senate!
So it is official: Peter Schiff is running for US Senate. We don’t get too many minds like Schiff with a good chance at winning a Senate seat very often. I encourage everybody to throw their support his way. Good luck Peter!
Terror by Another Name
Coming off the heels of the 8-year anniversary of 9/11, now insidiously dubbed “Patriots Day,” I think it important for Americans to seriously question our outlook on terrorism. Indeed, September 11, 2001 was a tragic day for our nation’s history. However, I believe we as a nation should look to the acts committed on 9/11 as a way to connect with the rest of the world, which seems to bare the brunt of all atrocious acts we hear about on a daily basis.
I would first like to point out that I believe it takes a skeptical mind to tackle the true definition of terrorism. Relatively speaking, one person could view a violent act as terrorism while another could view it as honorable. So it is important to understand the motive behind any violent act if we have any hope of entering a peaceful world.
Give the Funny Money its Due
Inspired by a poster on LewRockwell.com, I’m now putting Federal Reserve Notes to good use. If that’s not a viral strategy, I don’t know what is! Legal tender laws are hazardous to a free society, because they force people to accept fiat money in lieu of something that actually holds value. I recently picked up the book, Whatever Happened to Penny Candy?, by Richard J. Maybury. This book is written from the perspective of an uncle, an Austrian economist, to a nephew that had questions about inflation. An excellent read, it breaks down all of the Keynesian fallacies and takes us back to basics–what money really is, and why fiat money is counterfeit. I highly recommend Penny Candy to anyone that wants to get a basic education from the ground up on how money and economics really work.
Get Your Copy of End the Fed by Ron Paul
Amazon is now selling Ron Paul’s brand new book, End the Fed. We encourage everybody to pick up a copy for themselves. How amazing would it be, during hard economic times and in the middle of an intense debate to give the Federal Reserve its very first full-scale audit, a book entitled End the Fed would surge to the top of the New York Times bestseller list.
On top of sending a message to the world that the American people will no longer tolerate being robbed of their savings by rich bankers, you will get to read what promises to be a very informative and well written book. Let’s send a message!
Too Big to Fail and Growing
We all remember the scary dooms-day rhetoric flowing from the mouths of the MSM commentators when the credit crisis finally reared its ugly head. The banks in trouble were too big to fail, and without government aid our economy would turn to dust, take the rest of the world with it, and usher in the return of Christ.
Now, according to a Washingtonpost.com article, the banks bailed out have gotten even bigger. Due to all the government aided mergers, JP Morgan Chase, Banks of America, Wells Fargo, and Citigroup are now issuing one of every two mortgages, and two of every three credit cards.
Regulators are somehow alarmed that these institution are actually growing larger and more interconnected than ever. Even more alarming, thanks to near-government granted monopoly, these large institutions have actually raised their rates while smaller institutions in America have been lowering theirs:
In the last quarter, the top four banks raised fees related to deposits by an average of 8 percent, according to research from the Federal Reserve Bank of Dallas. Striving to stay competitive, smaller banks lowered their fees by an average of 12 percent.
So while over 70 smaller banks have been allowed to go bankrupt, and even more projected, the government is still playing favorites with the Wall Street giants. Its hard to tell somebody no when they are stuffing your pockets with campaign contributions.
