Showing posts with label banking. Show all posts
Showing posts with label banking. Show all posts
Jeffrey Rogers Hummel: How The Fed Got Huge
Financial crisis changed the nature of central banking. Before he became chair of the Federal Reserve, Ben Bernanke agreed with the free market economist Milton Friedman that central bank policy played a key role in making the Great Depression the most severe in U.S. history. But the two parted ways on the reason why. And that ... MOREIRS Horror Story Makes Past Scandals Pale In Comparison
IRS and their license to steal. There are times when it becomes absolutely impossible to support the remarkably bad judgment often displayed by federal agencies under the control of the current administration—even for those of us who are typically viewed as backers of many of this administration’s policies. The latest installment ... MOREJames Gattuso & Diane Katz: 10 Worst Regulations Of 2014
Laws beyond bad. As 2014 comes to a close, it is enveloped in red tape. From the
breakfast table to the night light, government regulators invaded nearly
every moment of our lives. Here’s our take on the 10 worst examples of
the past year: Number 10. Federal Censorship Commission: The Federal Communications Commission began considering a ... MORECongress Poised To Order Audit Of Federal Reserve
by Stephen Dinan. Rand Paul takes on his dad's cause. After years of being blocked by Democratic leader Harry Reid, the Senate will finally get a chance next year to vote on legislation to force a broad audit of the Federal Reserve’s decision-making. Once championed in Congress by former Rep. Ron Paul, the push to force the country’s central ... MOREWhy The Founders Didn’t Give Us A Democracy
by Keith Weiner. As the famous story goes, when Ben Franklin left Independence Hall after the Constitutional Convention in 1787, Mrs. Powel of Philadelphia had a question she wanted answered. “Well Doctor, what have we got, a republic or a monarchy?” Franklin replied, “A republic, if you can keep it.” No one today (well, seemingly ... MOREMatt Welch: Kiss Your Financial Privacy Goodbye
Politicians destroy right to confidential banking. It started, as so many bad things do, with Richard Nixon. In 1970, in the midst of a national panic over crime and illegal drugs, the man whose presidency would later become synonymous with official criminality signed the Bank Secrecy Act, which compelled all U.S. financial institutions ... MORE
Thomas Sowell: Predatory Journalism
Exploiting the ignorant. The New York Times is again on the warpath against what it calls "predatory lending." Just what is predatory lending? It is lending that charges a higher interest rate than people like those at the New York Times approve of. According to such thinking — or lack of thinking — the answer is to have the government set an interest ... MOREThe 5 Most Troubling Things in Congress’ New Spending Bill
by Romina Boccia. Yesterday evening, the House of Representatives released its stopgap spending measure which blindly continues the bloated spending in the January omnibus bill that included special-interest handouts, wasteful and unnecessary energy spending, and transportation boondoggles. Instead of debating and voting on ... MOREVeronique de Rugy: The Crony Capitalism Machine
The Export-Import Bank is inefficient and immoral. Congress will soon debate the fate of the U.S. Export-Import
Bank, an outfit that doles out money to favored corporations and
foreign governments. For 80 years, the bank and the crony
capitalists it supports have defeated every attempt to shut it
down. But that may slowly be changing. ... MORE
Andrew Napolitano: A Dog Whistle To The Left
Government officials can legally lie. I am not a fan of former U.S. Treasury Secretary Timothy F. Geithner. He presided over the politically conceived, patently unconstitutional and anti-free market taxpayer bailouts of banks, automakers and insurance companies in the latter part of the administration of former President George W. Bush, ... MOREWendy McElroy: Is The NSA Changing Bank Accounts?
The capability is clearly there. The question would seem absurd if it were not for a 308-page report on the NSA that
was released on December 12 by an Official White House Panel.
Recommendation 31, “Institutional Measures for Cyberspace,” on page 37
and repeated on page 221 reads: (1) Governments should not use surveillance to steal ... MORE
Imagine If President Obama Ran Disneyworld
by Jeffrey Dorfman. The federal government is moving closer and closer to taking control of the entire health care sector. It already controls close to half of all health care transactions and it might reach two-thirds soon. The federal government has also
expanded its role regulating and controlling the food industry, the
automobile ... MORE
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