Category: Current Affairs

  • They were raised during the Great Depression and were therefore hardened by struggle and want. When the world needed them to intervene to help stop Fascism they were ready and able, tough enough and of sufficient character to pass the test. Some have taken to calling them the "Greatest Generation." From everything I can tell,…

  • My business partner and co-author Orrin Woodward recently posted on his blog a very interesting video of investment advisor Peter Schiff. Schiff has consistently predicted the current economic malaise and continues to clearly teach the basics of economics as violated by our government. The attached article is extremely clear, interesting, and unsettling. Read it here…

  • Have you been wondering just how the mortgage bubble got started in the first place?  Remember how I said that the government being in such a hurry last fall to "bail out" the lending industry indicated complicity in the problem?  Read this short Times article from 1999 and see the genesis of the problem. Government…

  • Although I agreed with him on very little, I have to give credence to a term used by John McCain to describe the financial behavior of our government: "Generational theft." With every "bailout" or "stimulous" package of bullets Washington sees fit to shoot into the corpse of our murder-victim economy, we are living off the prosperity of…

  • "The only solution the US government seems to have for all the financial troubles is borrowing more [money] and throwing [it] at the problems. It also wants its citizens to borrow more…It is not going to work. Too much debt is the problem. We had the boom, and now we are getting the inevitable bust. Because…

  • I picked up a newspaper on the plane this weekend.  I wish I hadn't.  After about a half hour with the thing, I was disgusted with how many false presuppositions permeated the articles.  I was predominantly reading the finance pages, and here the assumptions made about economics were astounding.  At one point in a financial…

  • From a contributor that wishes to remain anonymous.  I'd like to hear this recorded!  Rap song? Rock song? Some of each? Country? What do you think? First Group of singers:   What proof of your ideas Do you have, do you have? What proof of your ideas Do you have?   There's really nothing new…

  • The average American citizen is like a hiker, and the government a pack upon his back. No hiker can get far without a pack containing key essentials, as no citizen can get far in freedom without a military, police, and the Rule of Law. Somehow, though, the government keeps convincing the hiker that the pack…

  • The Great Depression is the classic example of what happens to a free market economy when government genuises think they can make better decisions than millions of free consumers. What started out as a normal market correction was followed by government interferance in the form of price fixing, output caps, increased taxes, rampant government spending,…

  • How did our government get to be as big as it is? How did we ever get to a place where we have millions of people casually (certainly not critically) thinking that the government can take care of them, that more and more taxes can be a good thing, and that bureaucrats can regulate economies…