Thoughts, essays, and writings on Liberty. Written by the heirs of Patrick Henry.

May 27, 2009

The Signs of Inflation

Since Barack Obama has decided to continue down the path George Bush started down,  the path of Robert Mugabe and Friedrich Ebert, the United States economy will soon be facing all the problems associated with inflation. Unfortunately, the effects of inflation are poorly popularized, meaning that most people have a very limited understanding of inflation.  […]

• • •

May 20, 2009

Let Us Fail

California’s in a world of hurt, exacerbated by the fact that we didn’t offer to give the state a whole bunch more money during our ballot propositions yesterday. There are a lot of reasons for our pain, but it really comes down to a state that never quite understood TANSTAAFL. They’ve been sold the lie […]

• • •

May 8, 2009

Truth Hurts… Ignorance Hurts Worse

I disagree with Schiff on hyperinflation; but we’re DEFINITELY going to be seeing significant inflation. I’m thinking 1979 levels or so. Note: Schiff is also a firm believer in the inherent value fallacy; which is just that, a fallacy. There is no such thing as a stable currency, because nothing has inherent value. All value […]

• • •

April 23, 2009

Barney Frank On Ron Paul’s Federal Reserve Transparancy Act

As Stephen noted last night, Ron Paul has introduced a bill that would require the Federal Reserve to open it’s books to Congress. According to Thomas, that bill now has 79 co-sponsors. I agree with Stephen that this is an issue that all libertarians, all Americans indeed, need to pay more attention to and, in […]

Posted By: Doug Mataconis @ 10:03 am || Permalink || Comments (1) || TrackBack URI || Categories: Constitution,Credit Crisis,Economics,Monetary Issues,Politics
• • •

April 22, 2009

It’s time for libertarians to start taking Federal Reserve issues seriously

For years, a lot of libertarians and paleoconservatives have focused a lot of attention on the Federal Reserve.  Some have gone overboard, blaming the Fed on virtually every lost freedom in America.  Others have focused too hard at the wrong time; I remember one person speaking at a gun show looking pretty foolish because he […]

Posted By: Stephen Gordon @ 7:57 pm || Permalink || Comments (22) || TrackBack URI || Categories: Constitution,Credit Crisis,Economics,Fiscal Policy,Monetary Issues
• • •

April 16, 2009

Keeping What What We Make Away From the Tax-man

The furor over the Tea Party movement has been quite exciting.  While I love watching government officials and their sycophantic propagandists energetically denounce people for daring to suggest that people should be permitted to keep their earnings,  I, like others, think the protests – in and of themselves – are insufficient to meaningfully change the […]

• • •

April 15, 2009

Debts, Deficits, Taxes, and Tea Parties

In watching the MSM coverage of the Tea Party protests, the following arguments are used to try and debase the factual arguments of the protests: Obama plans to lower taxes on the majority of Americans while raising them on the rich. Obama’s budget cuts the deficit in half over the next 10 years. Right now […]

Posted By: Quincy @ 5:52 pm || Permalink || Comments (9) || TrackBack URI || Categories: Economics,Government Waste,Monetary Issues,Taxation
• • •

March 30, 2009

Russia Considering Return to Gold Standard

Here’s some irony for you. Perhaps Obama, Reid and Pelosi might consider following Russia’s lead: Arkady Dvorkevich, the Kremlin’s chief economic adviser, said Russia would favour the inclusion of gold bullion in the basket-weighting of a new world currency based on Special Drawing Rights issued by the International Monetary Fund.[…] […]Mr Dvorkevich said it was […]

Posted By: Stephen Gordon @ 8:11 am || Permalink || Comments (2) || TrackBack URI || Categories: Credit Crisis,Economics,Monetary Issues
• • •

March 26, 2009

Quote Of The Day

So we’re supposed to trust the people who didn’t see it coming to make sure they stop their intervention before they’ve over-intervened? Fed Pres Lockhart in a speech a few hours ago in Paris is summing up well what is the growing angst in the markets that the Fed is sowing the seeds for big […]

Posted By: Brad Warbiany @ 7:55 am || Permalink || Comments Off || TrackBack URI || Categories: Credit Crisis,Economics,Monetary Issues,Quote of the Day
• • •

March 25, 2009

What If You Threw A Borrowing Party And Nobody Lent?

Governments, ready to spend boatloads cruiseliner-loads of money they don’t have, are trying to borrow it — to the extent possible — from the markets. I mentioned yesterday that the US was starting to print our own money to lend to ourselves. Britain is facing a similar problem — they were auctioning off some bonds, […]

Posted By: Brad Warbiany @ 11:26 am || Permalink || Comments (1) || TrackBack URI || Categories: Foreign Affairs,Monetary Issues
• • •

March 24, 2009

Is Dollar Hegemony About To End?

Just over two years ago, I offered a worst-case prediction of where this economic crisis could lead. Wait, though, it gets worse. America isn’t an empire in the conventional sense of the word, but we are an economic empire. The dollar is the currency of the world, from middle eastern oil to the reserve currencies […]

• • •

Open Thread: Stock Market Edition

Two weeks ago, the Dow hit a major low at 6440, closing slightly higher. This made a lot of sense to me, given the fundamentals of the economy. In fact, I nearly posted a rather snide article on CNBC “calling the bottom” that morning. But then things changed. The Dow has been on a tear […]

Posted By: Brad Warbiany @ 6:00 am || Permalink || Comments (6) || TrackBack URI || Categories: Credit Crisis,Economics,Monetary Issues,Open Thread
• • •

March 19, 2009

Quote Of The Day

I was talking to a coworker this morning about the stock market and the Fed’s injection of $1.2T newly-printed money into the economy. I made a point that I think bears repeating: The stock market can lose value, while going up. This is the insidious nature of inflation. They’ll inject this money and nominal prices […]

Posted By: Brad Warbiany @ 10:48 am || Permalink || Comments (2) || TrackBack URI || Categories: Credit Crisis,Economics,Monetary Issues,Quote of the Day
• • •

March 13, 2009

Quote Of The Day

Chinese Prime Minister Wen Jiabao: “President Obama and his new government have adopted a series of measures to deal with the financial crisis. We have expectations as to the effects of these measures,” Mr. Wen said. “We have lent a huge amount of money to the U.S. Of course we are concerned about the safety […]

Posted By: Brad Warbiany @ 3:03 pm || Permalink || Comments (2) || TrackBack URI || Categories: Foreign Affairs,Humor,Monetary Issues,Quote of the Day
• • •

Is the White House “Going Galt” on Us?

In a 2001 article entitled “The Virtue of Greed,” noted economist Walter Williams wrote: “YOU CAN CALL IT GREED, selfishness or enlightened self-interest, but the bottom line is that it’s these human motivations that get wonderful things done. Unfortunately, many people are naive enough to believe that it’s compassion, concern and ‘feeling another’s pain’ that’s […]

Posted By: Stephen Gordon @ 1:23 pm || Permalink || Comments (15) || TrackBack URI || Categories: Democrats,Doublespeak,Economics,Monetary Issues,Politics,Socialism,Taxation
• • •

March 12, 2009

Alan Greenspan Says — Not My Fault

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 […]

• • •

March 8, 2009

Is Obama a Socialist?

Writing that “Calling Barack Obama’s plan socialistic lacks any class,” Albor Ruiz argues that “fear mongering over a ‘class war’ and an Obama conspiracy to turn the U.S. into a ‘socialist’ country is reaching a fever pitch.” He then cites “Tax Hike Mike” Huckabee as an example: Huckabee, no doubt, takes the cake. “Lenin and […]

• • •

March 4, 2009

Four Questions for Barack Obama

From CNN: “It’s time for this waste and inefficiency to end. It’s time for a government that only invests in what works,” Obama said. The president said the country must “turn the tide on an era of fiscal irresponsibility so that we can sustain our recovery, enhance accountability and avoid leaving our children a mountain […]

• • •

March 2, 2009

It Matters How The Money Is Spent

Brad Delong wonders why we are against government “stimulus”, when “spending” produces good outcomes: I simply do not understand their arguments that government spending cannot boost the economy. As far as I can tell, they are simply burying their heads in the sand. At the start of 1996, the US unemployment rate was 5.6%. Then […]

Posted By: Brad Warbiany @ 4:09 pm || Permalink || Comments (2) || TrackBack URI || Categories: Economics,Fiscal Policy,Government Waste,Monetary Issues
• • •

February 26, 2009

$4 Trillion

When leftists start arguing about how much laissez-faire capitalism we experienced under the Bush adminstration, I often point out that he was the first President to preside over a $2T budget, and he was also the first to propose a $3T budget (for FY’09). I expected Obama to spend more than Bush — but I […]

• • •
« Previous PageNext Page »
Powered by: WordPress • Template by: Eric • Banner #1, #3, #4 by Stephen Macklin • Banner #2 by Mark RaynerXML
Social Media Auto Publish Powered By :