Alan Greenspan is one of the most highly respected financial minds in the world. He was Chairman of the Federal Reserve under four consecutive Presidents, and was laughed at when he uttered the words “irrational exuberance” foretelling the eventual collapse of the dot-com bubble. But even if he was expected to be so by the [...]Continue reading Alan Greenspan Says — Not My Fault
Archive for March, 2009
I honestly believe that Ron Paul is a decent guy and one of the most unique spokesmen for the libertarian movement out there. However, I’m going to write something that one year ago would have filled the comment section below with hate messages from Dr. Paul’s supporters: Ron Paul does not walk on water and [...]Continue reading Picking at Festering Libertarian Scabs
Enough is too much, already: Nancy Pelosi sez another stimulus package may be required. Over at Fr33Agents, I’ve just associated Attorney General Eric Holder with serial killer Ted Bundy in a preemptive strike against the gun-grabbers waiting to exploit recent tragedies in Alabama and Germany. Google is going to get even more personalized personal. Three [...]Continue reading Afternoon Reads
In my post two days ago, I suggested that as many Americans as possible reduce their withholding to the minimum allowable levels. It’s a new type of tax protest, one that might actually hit the feds in the pocketbook: So here’s my suggestion. April 15th, go to your HR department and change your W-4 claimed [...]Continue reading How Effective Would Reduced Withholding Be?
It’s not often that I sing the praises of unsafe-at-any-speed Ralph Nader, but his recent legal victory is worthy of such praises. “LOS ANGELES, March 9 /PRNewswire/ — In a significant move for open-election laws, the U.S. Supreme Court today rejected an attempt to overturn a federal Ninth Circuit Court of Appeals’ decision that the [...]Continue reading Nader Scores Big Court Victory for Third Party Candidates
The Club for Growth calls his thinking backwards and alleges that he’s enabling more and more spending, Don Surber just calls him daft, but Ron Paul has an argument in favor of earmarks that does make sense: NEIL CAVUTO, HOST: Speaking of a lot of money, the battle about the money they’re spending on Capitol [...]Continue reading Is Ron Paul Right About Earmarks ?
From a NYT story about new banking regulations attached to the bailout funds (and the desire for some of these banks to now return the money): The list of demands keeps getting longer. Financial institutions that are getting government bailout funds have been told to put off evictions and modify mortgages for distressed homeowners. They [...]Continue reading Ruining Our Economy Is A Domestic Matter — No Foreigners Allowed
Today, a news story came out where a company planned on purchasing chicken processing plants and the government was going to match the private company’s bid dollar for dollar. This plan is proposed under the guise of saving jobs. Now let me give you a hint who this socialist leader is; he’s a national leader. [...]Continue reading Name That Socialist
It’s still widely believed that Herbert Hoover did nothing to stop the economic downturn that began when the stock market crashed in October 1929, leading eventually to the Great Depression. The truth, however, is quite different. During the period from 1929 to the time he left office in 1933, Hoover was a strong proponent of [...]Continue reading Obama Talking About Making The Same Mistake Herbert Hoover Did
My apologies to those who have already read this, but for those who haven’t this is just too good not to share. Since December 2008, the Knox e-mail to GM has been making its way to inboxes all over the world; I learned of it only yesterday when listening to Neal Boortz yesterday. Within an [...]Continue reading E-mail to GM President: “It’s time to pay for your [own] sins, Detroit”
Last year’s Supreme Court case hasn’t stopped the District of Columbia from passing arbitrary gun laws clearly designed to restrict it’s citizens’ Second Amendment rights: A D.C. woman filed suit in U.S. District Court yesterday, claiming that the city would not let her register a pistol because of its color. Tracey A. Hanson argued that [...]Continue reading Another Ridiculous Gun Regulation Challenged In Washington, D.C.
By now, a few regular readers have seen my post from last week, and many thousands have seen Stephen Gordon’s compilation of “Going Galt” commentary. I say it’s time for some folks to put their money where their mouths are. One of the links in the compilation is to a post of Bryan Pick @ [...]Continue reading How To Shrug — A Legal Tax Protest That Might Make A Difference
21 pages of paper is apparently worth $30 billion taxpayer dollars — if you are too big to fail, that is. That’s 1,428,571,428.57 bucks per page. Here’s how ABC reports the story: An AIG report to the Treasury Department last month warned that if the government didn’t come to its rescue again, its collapse would [...]Continue reading The $30 Billion Stack of Paper
Hat Tip: The Big PictureContinue reading It’s Not Real — But Not Far Off
What do sex toys and microbrewed beers have in common? In Alabama, they are both more-or-less outlawed. What’s that, you say? They don’t have statewide prohibition in Alabama, do they? Before I respond, here’s an interesting video just produced by reason which celebrates the “American beer revolution.” Of Alabama’s 67 counties, 14 are completely dry [...]Continue reading Outlawed in Alabama: A Tale of Two Videos
Is this a knock on the market, or a knock on the Federal Reserve and the inflationary track we’ve been on since the end of Breton Woods in 1971: I’m going to select “both”. I’d love to recreate this graph and make the vertical access non-logarithmic. I think that would really show how far inflation [...]Continue reading Dow — Feels Like 1966, Baby!
If it wasn’t bad enough that Congress totally threw off my sleep schedule, it turns out that the entire idea of Daylight Saving Time being an energy-saver is a hoax: The history of Daylight Saving Time (DST) has been long and controversial. Throughout its implementation during World Wars I and II, the oil embargo of [...]Continue reading Daylight Saving Time Is A Waste Of Time
Over the weekend, we learned that the current recession is on the verge of becoming the longest since the Second World War ended: WASHINGTON – Factory jobs disappeared. Inflation soared. Unemployment climbed to alarming levels. The hungry lined up at soup kitchens. It wasn’t the Great Depression. It was the 1981-82 recession, widely considered America’s [...]Continue reading So, What The Heck’s Up The Economy ? A Roundup Of Mostly Contradictory Opinions
Obama says those of us making less than $250K/year will not see our taxes increased “one dime”. Does he actually believe that user fees aren’t taxes? Because he’s gonna raise them: Extra fees get under the skin of all but the most zen travellers. First you pay one price for your ticket, and then they [...]Continue reading A Tax By Any Other Name Is Still A Tax
Here’s what a trillion dollars looks like…Continue reading A Picture’s Worth a Trillion Words