Steve Chapman: Ron Paul's Unusual Path

Substance over style. No one in this year's race has spent more time running for president than Ron Paul, who before entering the Republican primaries in 2008 and 2012 was the 1988 nominee of the Libertarian Party. And no one runs for president quite the way Paul does. His town hall meeting is in an auditorium at the Figge Art Museum, which an audience of some ... MORE

VIDEO: Thomas Sowell - That Top 1%



Just who makes up that top 1%?

Cash-Flooded Banks To Impose Fees On Depositors

Interest-earning days will soon be forgotten. This story did not break on some freakishly obscene Halloween website, but last week, CNBC ran the story that banks are now flooded with cash and that depositors are being charged fees just to slow the flood of money into the bank (article here). This means that negative interest rates appear to have arrived. Savers will ... MORE

Spooky: U.S. Debt To Surpass GDP On Halloween

from the Daily Caller. As children across America costume themselves as ghouls, ghosts, goblins and former North African dictators Monday night, they may have missed the most spine-chilling scare of the day. According to calculations based on the International Monetary Fund’s World Economic Outlook, on All Hallows’ Eve the United States’ total debt will surpass ... MORE

REUTERS: Lawmakers Unfazed By Downgrade Risk

Congress fiddles while America's economy burns. A growing number of lawmakers do not think another downgrade of the country's AAA rating will harm America's economy, raising questions about how much pressure Congress is under to fix the intractable budget deficit. Analysts warn, however, that signs of complacency on Capitol Hill threaten efforts to cure America's ... MORE

VIDEO: Ayn Rand - The Virtue Of Selfishness


Thinking about the virtue of acting in one's own rational self-interest.

John Stossel: School Competition Rescues Kids

Government's monopoly over k-12 education has failed. For years, American education from kindergarten through high school has been a virtual government monopoly. Conventional wisdom is that government must run the schools. But government monopolies don't do anything well. They fail because they have no real competition. Yet competition is what gives us ... MORE

BREITBART: Chicago May Decriminalize Marijuana

Freeing up resources for more serious crimes. Chicago pot smokers may soon be able to light up without fear of jail time. Several Windy City councilmen said Thursday they plan to introduce a local law that would decriminalize possession of small amounts of marijuana in order to cut costs and free up police to handle more serious crimes. Chicago police ... MORE

GALLUP Poll: Support For Gun Control Lowest In 50 Years

Another manifestation of widespread distrust of government. A record-low 26% of Americans favor a legal ban on the possession of handguns in the United States other than by police and other authorized people. When Gallup first asked Americans this question in 1959, 60% favored banning handguns. But since 1975, the majority of Americans have opposed ... MORE

VIDEO: Gary Johnson Among the OWS Protesters

Ralph Reiland: First Cigarettes, Now Bacon And Eggs

Denmark's central planners lead the way. You knew it was coming. First they came for the cigarettes, then Hank Williams Jr. got knocked off Monday Night Football for being politically incorrect, and now they're coming for the butter. Denmark, on October 1, put a $1.29-per-pound tax on all foods that hit 2.3 percent in saturated fats. That's on top ... MORE

Yaron Brooks & Don Watkins: What We Owe Steve Jobs

First of all, gratitude.  Watching the world mourn Steve Jobs, we are reminded of how massive crowds of Americans used to gather to celebrate the launch of a new bridge or a new railroad. There is a widespread recognition that Jobs was a creative genius who changed our world profoundly and for the better. Even President Obama, not usually given to praising businessmen, said ... MORE

NY Times: New Poll Finds Deep Distrust Of Government

Approval Ratings Of Congress
The public seems to be catching on. With Election Day just over a year away, a deep sense of economic anxiety and doubt about the future hangs over the nation, according to the latest New York Times/CBS News poll, with Americans’ distrust of government at its highest level ever. The combustible climate helps explain the volatility of the presidential race and has ... MORE

VIDEO: John Stossel - 99% Economic Illiteracy


People have taken to the streets mad as hell, but don't seem to understand why.

Thomas Sowell: The Media And 'Bullying'

Advancing the agenda of those in vogue.  Back in the 1920s, the intelligentsia on both sides of the Atlantic were loudly protesting the execution of political radicals Sacco and Vanzetti, after what they claimed was an unfair trial. Supreme Court Justice Oliver Wendell Holmes wrote to his young leftist friend Harold Laski, pointing out that there were "a thousand-fold ... MORE

Investors Business Daily: California's Economic Suicide

Proof that the mind is a terrible thing to waste. Regulations finalized by the California Air Resources Board establish the nation's first state-run cap-and-trade regime. Despite Solyndra, the state will gather solar panels while it may. The 262 pages of regulations implementing California's 2006 global warming legislation, Assembly Bill 32, approved by CARB last Thursday, will  ... MORE

Merrill Lynch Warns Of Another U.S. Debt Downgrade

Politicians fiddle while Rome burns. The United States is in for another credit downgrade by year’s end if Congress fails to agree on a long-term plan to tame the nation’s $14.8 trillion debt, Merrill Lynch warned. In a research note, the Bank of America unit predicts that either Moody’s or Fitch will move to downgrade the U.S. AAA rating. Standard & Poor’s cut  ... MORE

VIDEO: Ayn Rand & the Prophecy of Atlas Shrugged


Documentary Movie Trailer. Ayn Rand and the Prophecy of Atlas Shrugged looks into Rand's background for the ideas and philosophy that inspired and shaped her novel and seeks to determine whether America is indeed headed for the disastrous outcome she predicted.

Michael Barone: Cult Of Global Warming Losing Influence

Religious fervor always cools off. Religious faith is a source of strength in many people’s lives. But religious faith when taken too far can prove ludicrous — or disastrous. On Oct. 22, 1844, thousand of Millerites, having sold all their possessions, climbed to the top of hills in upstate New York to await the return of Jesus and the end of the world. They suffered “the ... MORE

Walter E Williams: Profits Are For People

Profit is not a four-letter word. The Occupy Wall Street demonstrators are demanding "people before profits" — as if profit motivation were the source of mankind's troubles — when it's often the absence of profit motivation that's the true villain. First, let's get both the definition and magnitude of profits out of the way. Profits represent the residual claim earned by entrepreneurs.  ... MORE

Random Roadblocks In The Name Of Terrorism

TSA's warrantless search and seizures go on the road. When the US Transportation Security Administration (TSA) announced last year that it would soon begin setting up security checkpoints in places other than just airports, it definitely was not joking. News Channel 5 in Nashville, Tenn., has announced that Tennessee is the official inaugural state for the launch of TSA's ... MORE

VIDEO: Thomas Sowell - Parallels To Rome

Katherine Mangu-Ward: 5 Myths About Healthy Eating

A helping of skepticism regarding government fixes. It’s hard to argue against rules that give consumers more information. Perhaps for that reason, proposals to require restaurants to jam calorie, fat and other nutrition statistics onto already crowded signs and menus pop up over and over—most recently as part of the health-care reform law—despite the fact that ... MORE

George Reisman: In Praise Of The Capitalist 1 Percent

Everyone benefits from the hated capitalists. The protesters in the Occupy Wall Street movement and its numerous clones elsewhere in the country and around the world chant that 1 percent of the population owns all the wealth and lives at the expense of the remaining 99 percent. The obvious solution that they imply is for the 99 percent to seize the wealth of ... MORE

Gary Horne: Government Against The People

The ruling elite's increasing willingness to use force. If there is a single feature distinguishing the left from the rest of civil society, it is the willingness to use force. While claiming to be for the people, the statists consistently use force against others. The use of force and disrespect for the property of others by the Wisconsin union mobs and the occupy-Wall ... MORE

VIDEO: Andrew Napolitano - The Free Market

Obama's Change: Steep Drop In Standard Of Living

by Ron Scherer, Christian Science Monitor. Think life is not as good as it used to be, at least in terms of your wallet? You'd be right about that. The standard of living for Americans has fallen longer and more steeply over the past three years than at any time since the US government began recording it five decades ago. Bottom line: The average individual ... MORE

Peter Wehner: In Defense Of Gridlock

It's the public's way to slam on the brakes. Ronald Reagan made enormous contributions to his country during his presidency – and appointing Antonin Scalia to the Supreme Court ranks very high among them. I say that not simply because of the votes Justice Scalia has cast over the last quarter-century, but because of his enormous intellectual contributions to our ... MORE

Steve Chapman: Dazed And Confused No More

A full 50% of Americans favor legalizing marijuana. Candidates running for president can easily wreck their campaigns with one serious misstep. Back in 1976, one Democrat said he favored getting rid of criminal penalties for marijuana use. Can you imagine how Americans of that primitive era reacted to his blunder? They elected him. Once in office, Jimmy Carter ... MORE

VIDEO: Understanding The Frustration With Government

Christopher Chantrill: Subsidies Have Consequences

The ruling class doesn't have a clue about business. To an Obami like Jay Carney, White House press secretary, the failure of corporate crony Solyndra is "just the way business works." You win some, you lose some. Only, of course, the way business works is that when you lose, it's supposed to be your money that gets lost. As Matthew Continetti points out, under ... MORE

REASON.COM: Find Your True Love!

A quiz to match you to your perfect GOP candidate. Not sure who to commit to in the Republican primary race? Let Reason help you out.  Picking a presidential candidate is like sorting through online dating profiles—nobody's quite right, but once a meet-cute is out of the question, the best you can hope for is to pick a mate out of a self-selected digital lineup. Thus our handy candidate ... MORE

James Wilson: Prohibit Prohibition

To prohibitionists of all kinds, the ends justify the means, even if those means include murder. I realized this while watching the Ken Burns 3-part documentary Prohibition, which debuted last week. During Alcohol Prohibition, the Federal State deliberately poisoned alcohol supplies to discourage drinking. As many as 10,000 died. The callousness of  ... MORE

War On Drugs Has Become War On The American People

by John W. Whitehead, Rutherford Institute. "On July 29, 2008, my family and I were terrorized by an errant Prince George's County SWAT team. This unit forced entry into my home without a proper warrant, executed our beloved black Labradors, Payton and Chase, and bound and interrogated my mother-in-law and me for hours as they ransacked our belongings…  ... MORE

VIDEO: Harry Browne - Economic Consequences

Randazzo & Stansel: The Upper-Class Entitlement

It's time to end the mortgage interest deduction. The federal income tax code is full of complicated deductions, credits, and loopholes, which together exempted $1.2 trillion from taxation in 2009. The single largest benefit, amounting to around 35 percent of the total, is the mortgage interest deduction. This longstanding incentive, which allows individual ... MORE

Thomas Sowell: Random Thoughts On The Passing Scene

The ponderings of a genius. Like so many people, in so many countries, who started out to "spread the wealth," Barack Obama has ended up spreading poverty. Have you ever heard anyone as incoherent as the people staging protests across the country? Taxpayers ought to be protesting against having their money spent to educate people who end up unable to say   ... MORE

Emily Schultheise: Ron Paul Announces Economic Plan

Only a radical plan will avert economic disaster. This afternoon, Congressman Ron Paul released his “Plan to Restore America,” which would cut $1 trillion in spending during the first year of the Paul administration. The plan “eliminat[es] five cabinet departments (Energy, HUD, Commerce, Interior, and Education), abolish[es] the Transportation Security Administration and  ... MORE

VIDEO: Occupy LA - The Pro-Government Protesters?

Destroying Value Is What Government Does Best

by Sheldon Richman. In Cleveland and other American cities homes are being demolished because five years after the housing bust there is nothing better to do with them. Therein lies a lesson in Austrian business cycle theory. In a world of uncertainty, waste — the destruction of value — is inevitable. Human action, which aims to replace inferior       ... MORE

Jacob Sullum: Read My Tea Leaves

Obama spits in the face of state law.  In their October 7 press release announcing "coordinated enforcement actions" against medical marijuana dispensaries, California's four U.S. attorneys use the adjective commercial to describe their targets eight times and refer to profit nine times, not counting two mentions of money and one of moneymaking. You might surmise ... MORE

HOT AIR: Propaganda Created, Saved, and Supported.

Media trumpets specious "saved or created jobs" numbers. The Obama administration’s latest tactic for selling its jobs bill is to claim it will “support” 400,000 jobs (primarily in government). Ed Morrissey notes this metric is as unmeasurable as jobs “saved or created” by Obama’s failed stimulus law, which is a good springboard for underscoring a crucial ... MORE

VIDEO: John Stossel - The Job Killers

CBS BOSTON: Police Feel Free To Enter Unlocked Cars

Who gave them the right? Thieves are finding easy targets on the North Shore: Cars that aren’t locked with valuable items inside. If your car door was unlocked, or an officer spotted your GPS, wallet, or something important in plain view, you might have found a warning on your windshield in Beverly this weekend. Police were willing to stir-up a little proactive controversy to ... MORE

Walter E Williams: Its Hard To Be A Racist

Years ago it was easy to be a racist. All you had to be was a white person using some of the racial epithets that are routinely used in song and everyday speech by many of today's blacks. Or you had to chant "two, four, six, eight, we don't want to integrate" when a black student showed up for admission to your high school or college. Of course, there was that  ... MORE

AP: Feds To Design Health Insurance For The Masses

Central planners to dictate one-size-fits-all medical insurance. The federal government is taking on a crucial new role in the nation's health care, designing a basic benefits package for millions of privately insured Americans. A framework for the Obama administration was released Friday. The report by independent experts from the Institute of Medicine lays out guidelines ... MORE

VIDEO: Obama Presidency by the Numbers


President Obama has been a failure by every measure.

REUTERS: Secret Panel Can Put Americans On Death List

Death by government. American militants like Anwar al-Awlaki are placed on a kill or capture list by a secretive panel of senior government officials, which then informs the president of its decisions, according to officials. There is no public record of the operations or decisions of the panel, which is a subset of the White House's National Security Council, several current and  ... MORE

AP: Feds To Shut Down Medical Marijuana Dispensaries

Gov't decides too much liberty going on in California. Federal authorities in California vowed to shut down dozens of pot growing and sales operations in a major crackdown, saying the worst offenders are using the cover of medical marijuana to act as storefront drug dealers. The aggressive crackdown comes a little more than two months after the Obama  ... MORE

John Ashby: Marching For Shackles And Chains

Willing slaves protest against liberty. History is littered with popular uprisings which overthrow one dictatorship only to turn around and embrace another. From the French Revolution near the turn of the 18th century to what many fear to be happening in the Arab world today, revolutionaries generally know whom they are against, but they fail to define what they are ... MORE

VIDEO: Milton Friedman - Self-Interest & Self-Ownership


Nine minutes of utter brilliance from the Phil Donahue Show.

John Stossel: Government Makes Us Poor

A formula for prosperity.  Here's my fantasy: Libertarians are elected to the presidency and to majorities in Congress. What would happen next? Well, if libertarians were "in charge," you'd have more freedom and prosperity. Freedom frightens some people. They say if no one is in charge there would be chaos. That is intuitive, but think about a skating ... MORE

Aaron Goldstein: 9 Reasons To Nominate Herman Cain

#3. He has never held elected office. Let us assume that the field bidding to be the Republican standard bearer in 2012 will not expand. Let us assume also that neither New Jersey Governor Chris Christie nor Sarah Palin will throw their hat into the ring. Let us further assume that neither Mike Huckabee nor Paul Ryan is having second thoughts. In which case, Mitt ... MORE

Justice Scalia: Americans 'Should Learn To Love Gridlock'

by David G. Savage. Many Americans think badly of the government because of “gridlock” in Washington. Supreme Court Justice Antonin Scalia is not one of them. Americans “should learn to love gridlock,” he told the Senate Judiciary Committee on Wednesday. “The framers (of the Constitution) would say, yes, ‘That’s exactly the way we set it up. We wanted power contradicting ... MORE

VIDEO: Law Enforcement's Authority To Steal


Civil forfeiture laws prove the forces of tyranny are alive and well.

Government Punishes Producers With More Expense

Business gets the bill for extended UIB. WASHINGTON (AP) — States that borrowed billions from the federal government to keep unemployment benefits flowing through the recession now have to start paying those loans back, and they're hitting businesses with new assessments and higher taxes to make that happen. In all, 27 states owe the federal government nearly ... MORE

David Harsanyi: Occupy Wall Street - A Manifesto

What's really going on at the Wall Street protests? We hold these truths to be self-evident, that all men, women, and transgendered—and any other human who is able to elude the tyranny of work for a couple of weeks—are created equal. We gather to be free not of tyranny, but of responsibility and college tuitions. Prudence, indeed, will dictate that a government .... MORE

Sharyl Attkisson: Top Cop Caught Lying To Congress

Excuses being made at fast and furious pace. New documents obtained by CBS News show Attorney General Eric Holder was sent briefings on the controversial Fast and Furious operation as far back as July 2010. That directly contradicts his statement to Congress. On May 3, 2011, Holder told a Judiciary Committee hearing, "I'm not sure of the exact date, but I  ... MORE

VIDEO: John Stossel - Who Creates Jobs?

Thomas Sowell: The 'Hunger' Hoax

Another lesson in political deception. Twenty years ago, hysteria swept through the media over "hunger in America." Dan Rather opened a CBS Evening News broadcast in 1991 declaring, "one in eight American children is going hungry tonight." Newsweek, the Associated Press and the Boston Globe repeated this statistic, and many others joined the media chorus, with or ... MORE

Scott Mayer: Free-Market Green Jobs For $2.63 A Day

Taking the challenge to do the math. I employ the services of a landscape maintenance company (AKA a gardener) to maintain my yard. The very existence of his business depends on the collection of that $80 from me ($2.63 a day) as well as the 30 or 40 other people whom he provides his services to each month. This type of service may seem like an unnecessary ... MORE

Walter E Williams: Social Security Disaster

Denial is no longer an option. Politicians who are principled enough to point out the fraud of Social Security, referring to it as a lie and Ponzi scheme, are under siege. Acknowledgment of Social Security's problems is not the same as calling for the abandonment of its recipients. Instead, it's a call to take actions now, while there's time to avert a disaster. Let's look at it.      ... MORE

VIDEO: Green Monsters In The White House


Bad news for Barry! A peek inside the bubbling Solyndra scandal.

Grover G. Norquist: Pledge Allegiance, Just Say No

Obama foiled by tax pledge. IN 1986, the taxpayer Protection Pledge was created. The pledge is a written and signed commitment from a candidate for office to his constituents, guaranteeing that the candidate will oppose and vote against any net tax increase. Twenty-five years later, on August 2, 2011, the pledge stopped President Obama in his tracks. Obama and  ... MORE

Mark Hemingway: Feds Make Breathing Tougher For Many

Banning asthma inhalers to fight global warming. Remember how Obama recently waived new ozone regulations at the EPA because they were too costly? Well, it seems that the Obama administration would rather make people with Asthma cough up money than let them make a surely inconsequential contribution to depleting the ozone layer: Asthma patients who rely on ... MORE

John Hinderaker: The Smart And The Dumb

Blind to the bonanza. The smart is Harold Hamm, the founder and CEO of Continental Resources and one of America’s richest men. Hamm is one of the primary developers of the Bakken oil fields; he estimates that they contain 24 billion barrels of oil. The dumb is Barack Obama. The Wall Street Journal describes Hamm’s meeting with Obama: When it was Mr. Hamm’s turn ... MORE