The puppet show continues. President Obama’s choice of Hyatt hotel heiress Penny Pritzker as secretary of commerce, to be taken up Thursday by the Senate Commerce, Science and Transportation Committee, puts Democrats on the panel between that famous rock and a hard place. Like the loyal soldiers they are, the panel’s 13 ... MORE
The Federal Reserve's last stand? For Americans, financial and economic Armageddon might be close at
hand. The evidence for this conclusion is the concerted effort by the
Federal Reserve and its dependent financial institutions to scare people
away from gold and silver by driving down their prices. When gold prices hit $1,917.50 an ... MORE
Legalized theft in America is more subtle. The decision of the government in Cyprus to simply take money out of people's bank accounts there sent shock waves around the world. People far removed from that small island nation had to wonder: "Can this happen here?" The economic repercussions of having people feel that their money is not safe ... MORE
Who creates the greatest hurdle to blacks? After reading Dr. Thomas Sowell's latest book, "Intellectuals and
Race," one cannot emerge with much respect for the reasoning powers of
intellectuals, particularly academics, on matters of race. There's so
much faulty logic and downright dishonesty. Many intellectuals attribute the behavior patterns ... MORE
Government to snoop through your financial records. A very startling report emerged Wednesday spelling out another example of the loss of ever-dwindling rights and liberties in the US. According to the report, Obama has decided to allow all US intelligence agencies the ability to “scour American's finances” and dig through the ... MORE
One thing is for certain: Bernanke is committed. But so is a one-trick pony. However, is blind commitment to a theory a virtue or a frailty? The Federal Reserve chairman continues to push the chips out to the center of the table with both hands. He knows that low interest rates create employment. He is certain. Well, pretty certain. ... MORE
Lies about the free market. The growth of government intervention over the last century was built on the back of a handful of myths. A generation ago, the dominant myth was that free markets had caused the Great Depression, a falsehood ultimately debunked by economists like Milton Friedman. Today, the key myth is ... MORE
by Matt Purple. We all know what the wrecking balls of a second Obama term will be: widespread unemployment, stagnant economic growth, enormous debt. But the consequences don't stop there. Believing in activist government means your work is never finished. You pass a new law that you think combats injustice and inefficiency. Then human nature kicks ... MORE
Market looks to future with dread. In October, Wall Street hosted a rich fundraiser at the Hilton New York
for Mitt Romney. Hedge fund, private equity and investment banking big
shots were among the nearly 200 co-chairs of the event that cost $1,000
to attend. Those who shelled out $5,000 got to leave with a photo with
vice-presidential hopeful Paul Ryan, ... MORE
Here's to arrogance and delusion. Bill Clinton got rave reviews for his speech at the Democratic National Convention. My wife said: "Clinton was great. He made Republicans look like liars and losers." Clinton, now a sainted elder statesman, also gets credit for the booming economy of the '90s. Today, he appears in an Obama commercial — in full "I feel ... MORE