Memories are short, and 2008 is ancient history. Consumers can’t suppress their urge to consume. Lenders can’t suppress their urge to lend. We’ve learned nothing from the last boom-bust. We are repeating it, piling error upon error. “People will spend more of their equity,” Chris Christopher, an economist at IHS Global Insight in Lexington, Mass., …
Most of America has suffered since the crash of 2007. Property values plummeted, unemployment soared and remained stubbornly high, the use of food stamps continues to set records. Pension plans are going broke and municipalities around the country are teetering on the edge of bankruptcy. All this five full years after the crash. A federal …
“Half of the nation’s 40 biggest publicly traded corporate spenders have announced plans to curtail capital expenditures this year or next.” This is The Wall Street Journal further confirming the mounting evidence that the presidential election did not cure what is fundamentally sick. The supposed recovery of the last two years is the least convincing …
Or do and don’t do as the case may be. My talk from the Property and Freedom Society conference in Bodrum, Turkey.
Many people complain about government control of currency, but only a few do something about it. I’m not talking about movements to “audit the Fed” and such. I’m talking about real innovation that makes an end run around the government’s iron grip on the monetary system. A few of us old folks might like to …
One of the key pillars to returning money to the people, as Ron Paul mentions in a new edition of The Case for Gold which will be released this week for free to Spy Briefing members, is to undo government’s monopoly on money creation. None of us can imagine what that would be like because …
The election year of 2012 reminds us of the sheer waste and lunacy of democracy. Like soccer’s World Cup or the Summer or Winter Olympics, presidential elections in the United States come every four years. The campaign is a carnival that begins the minute after a winner is declared in November. Each successive campaign is …
During the last debate, Mitt Romney emphatically stated he would blast China for manipulating its currency the first day he takes office. Talk about priorities. Of all the nation’s pressing issues, the minute the oath is over, he’ll be calling out China for manipulating the yuan. A remark like that should cause exasperation for anyone …
As the old saying goes, no good deed goes unpunished. The chronicling of my courtroom rant against drug laws has prompted a few readers to question my libertarian bona fides and label me as statist, self-righteous grandstander. My piece has given these readers a reason to take their eye off the state for the moment …
Until last week, I had managed all of my adult life to avoid jury duty. As a young adult in Topeka, Kan., I was never summoned. For my two decades living in Las Vegas, I was able to call in a couple times declaring economic hardship. Most of the time, I seemed to be off …