“If only D.C. were more like Bejing!” In an article that could have easily been entitled “Abolish the States,” Harold Meyerson of The American Prospect, laments the ways the states have prevented the bureaucrats in D.C. from centralizing even more power. Why? Because the states aren’t draining wealth from their citizens fast enough as the…Details
A recent Gallup Poll suggests 36% of Americans have a “positive image of Socialism.” It is telling when the results are broken into groups. 53% of Democrats have a positive attitude compared to 17% of Republicans. Here is my analysis after reviewing the poll results. The poll respondents were asked “Just off the top of…Details
Is federal government stimulus the answer to our declining economy? Texas Congressman Ron Paul discusses why government spending can’t reverse our anemic economy. Government does not create wealth or create value, this is done in the private sector by companies and individuals who take raw materials then assemble a product to create something more valuable…Details
A good discussion by Andrew Napolitano and Tom Woods on Government banking rules and the problems that their “regulations” have caused in the economy.
“The Central Bank is an institution of the most deadly hostility existing against the Principles and form of our Constitution. I am an enemy to all banks discounting bills or notes for anything but coin. If the American people allow private banks to control the issuance of their currency, first by inflation, then by deflation…Details
From the business section of the New York Times comes this profile of medical care in Richmond since 1996. Since 1996, the Richmond area has lost more than 600 of its hospital beds, mostly because of state regulations on capacity. Several hospitals have closed, and others have shrunk. In 1996, the region had 4.8 hospital…Details
Presented by Thomas E. Woods, Jr. at “Depression, Monetary Destruction, and the Path to Sound Money“: the Mises Circle in Greenville, South Carolina, 3 October 2009.
Ron Paul, in a speech before the US House of Representatives, December 9, 2009 At this country’s founding, there was no government-controlled national currency. While the Constitution established the Congressional power of minting coins, it was not until 1792 that the US Mint was formally established. In the meantime, Americans made do with foreign silver…Details
Lew Rockwell speech entitled “Government as Window Breaker: Hazlitt’s Lesson Reapplied” at the Mises Circle in Houston: “Great Economic Myths,” Saturday 26 January 2008. http://www.mises.org
Individual liberty cannot exist in a country where un-funded obligations, plus its current debt, surpass the total value of all private assets. This is an immutable law of nature and is the condition that exists today in our country. Approximately 12 trillion debt (source U.S treasury), 14 trillion Social Security obligation, 18 trillion (Rx Drugs)…Details