LAS VEGAS – Republican presidential candidate Rep. Ron Paul unveiled his economic “Plan to Restore America” in Las Vegas Monday afternoon, calling for a lower corporate tax rate, a cut in spending by $1 trillion during his first year in office and the elimination of five cabinet-level agencies.” […] Paul does get specific when he [...]

From Anarchists Against Collectivism

Just when I was starting to give Herman Cain another look, he lies to Rep. Paul’s face in last night’s debate concerning comments he made concerning the need to audit the Federal Reserve. Yeah, there goes crazy Uncle Ron again with these crazy misquotes he picked up off the internet! I’m not sure if the [...]

Last Friday marked the 10 year anniversary of the U.S. attack and subsequent nation building in Afghanistan. Most Americans, myself included, felt the attack on the Taliban and al Qaeda in Afghanistan was a perfectly legitimate response to the 9/11 terrorist attacks. I doubt that most Americans would have supported a nation building mission creep [...]

The 2012 G.O.P. candidates each gave speeches at CPAC following the debates. Below are the speeches from Gary Johnson and Ron Paul. The first video is Johnson’s presentation before perhaps the largest audience he has had in awhile. Johnson spends a good part of his presentation introducing himself before giving an overview of his proposals. [...]

Nice:

The title of this post ought to be a red flag no matter who the president is or what your political persuasion. President Obama is demanding that congress pass his “American Jobs Act” in front of supportive crowds of people who I am sure have taken the time to read the whole bill and understand [...]

For the first time ever, reason.tv is cheering their “Nanny of the Month.” That’s right, starting September 1 , more than 500 Michigan restaurant and bar owners will begin turning state lawmakers away from their establishments. State Senator So-and-so wants a brew? Too bad. Politicians won’t be served until they revisit the state’s 2010 smoking [...]

The Standards and Poor rating service has downgraded the U.S. Federal Government’s bonds to AA+ status. This action long overdue does not go far enough. To understand the meaning of this, we should first understand the meaning of the S&P ratings. The ratings indicate several things: 1) The likelihood of a default – the debtor [...]

From Megan McArdle, a list of reasons why the Federal Government is too big to fail (or even pause): The nation’s nuclear arsenal is no longer being watched or maintained The doors of federal prisons have been thrown open, because none of the guards will work without being paid, and the vendors will not deliver [...]

President Obama and his sycophant Keynesian friends in the MSM can’t quite figure out why his policies haven’t improved the economy. Maybe President Obama should listen to an actual job creator, Steve Wynn to get some clue about why businesses aren’t expanding. Here is an excerpt from Wynn from a recent conference call where he [...]

I have a saying: “When everyone around you seems crazy, it’s probably you.” Useful advice, to be sure. Well, everyone around Paul Krugman seems to be misinformed: Well, here’s a little secret: most voters don’t sit around reading Clive Crook columns or debating the Bowles-Simpson plan. They have a gut sense — things are getting [...]

Kevin Drum don’t grok numbers. I think we all knew that. But occasionally he goes so far over the edge that it calls for correction, and today’s one of those days. Kevin has taken a handy chart (originally here), and drawn some trendlines onto it to proclaim that we don’t have a spending problem at [...]

“The state is broke. Unemployments about to tank. Public Health insurance has no funds. All other agencies as well. Its a mess. What in Gods name is happening?” — A question from a friend It’s rather simple really… The government spent everything they could squeeze from us when the economy was good. Then, when the [...]

United States Constitution Article 1, Section 7 All bills for raising Revenue shall originate in the House of Representatives; but the Senate may propose or concur with Amendments as on other Bills. The issuance of debt is a revenue raising measure. The “debt ceiling” is, in fact, legislation initiated in the House of Representatives, which [...]

Kevin Drum is on vacation this week. While I thought that might leave me without boneheaded material to criticize, I’m afraid he’s found guest bloggers as credible and clueless as himself. Today we have Andy Kroll, who wants to delve into meta-debates about rights and entitlements with Wisconsin Gov. Scott Walker: But the statement that [...]

Coyote, on Paul Krugman’s claim that the Isaac Asimov Foundation series was an inspiration for him to go into economics: I find it absolutely unsurprising that Paul Krugman was enthralled by the vision of a science that can be used by a few people to control the actions and futures of all humanity. He said [...]

So the big debate is whether the gov’t should sell their post-IPO shares in GM. At current prices, they’d [unsurprisingly] be losing money on the sale, compared to the amount put up in the bailout. So we have to ask — was it worth it? To determine that, we can’t base our entire calculation on [...]

I’ve been spending an inordinate amount of time reading 74 pages of forum posts on an pilot’s message board discussing the crash of Air France flight 447 several years ago. Fascinating stuff. It’s the tale of pilots faced with a situation of mechanical failure, but even worse, a situation which they misdiagnosed and thus took [...]

Everyone knows the Fed is pushing Quantitative Easing. By that, it means that when America is having trouble selling T-bills at advantageous interest rates, the Fed prints up some money to keep demand. It buys the bonds with newly-printed money. The recent run was $600B or so, and the Fed’s current balance sheet holds about [...]