Ever wonder what legalized plunder looks like? The first ever GAO(Government Accountability Office) audit of the Federal Reserve was carried out in the past few months due to the Ron Paul, Alan Grayson Amendment to the Dodd-Frank bill, which passed last year. Jim DeMint, a Republican Senator, and Bernie Sanders, an independent Senator, led the charge for a Federal ... MOREAudit of Federal Reserve: $16 Trillion In Secret Bailouts
Ever wonder what legalized plunder looks like? The first ever GAO(Government Accountability Office) audit of the Federal Reserve was carried out in the past few months due to the Ron Paul, Alan Grayson Amendment to the Dodd-Frank bill, which passed last year. Jim DeMint, a Republican Senator, and Bernie Sanders, an independent Senator, led the charge for a Federal ... MOREThe "Balanced Budget Amendment" Is A Trap
by Chip Wood. A lot of good people who believe, as I do, that we need to balance the federal budget have fallen for a very bad idea. I’m referring to the notion that a balanced budget amendment will somehow help solve the fiscal disaster our country faces. I just got a promotional email from Regnery Publishing, one of my all-time favorite book-publishing companies. ... MOREA. Barton Hinkle: Is The Tea Party Crazy Or Just Nuts?
The media demonizes advocates of limited government. The late Sen. Paul Wellstone of Minnesota was a man of the hard left—"the Senate's most liberal member," as Mickey Kaus once termed him in the liberal online journal Slate. Wellstone opposed the first Iraq War—and the second one. He was no friend of the Second Amendment—or the First. He thought the ... MORE Alex Epstein: Nuclear Power Is Extremely Safe
That's the truth about what we learned from Japan. In the midst of a still struggling and fragile global economy, Germany has announced that it will shut down seven nuclear plants by the end of the year--which means that Germans will be left to run their factories, heat their homes, and power their economy with 10% less electrical generating capacity. Nine more plants ... MOREThomas Sowell: Debt-Ceiling Chicken
Thinking about the long haul. The big news, as far as the media are concerned, is the political game of debt-ceiling chicken that is being played by Democrats and Republicans in Washington. But, however much the media are focused on what is happening inside the Beltway, there is a whole country outside the Beltway -- and the time is long overdue to start thinking ... MOREIra Stoll: Five Facts About the Debt
Setting the economic record straight. Five under-appreciated points about the federal budget and debt ceiling: 1. Whenever I need to get my bearings in the debate over the debt, the deficit, or the debt ceiling, I go to the web site of the White House Office of Management and Budget and download historical table 1.3. The story it tells, in very round numbers ... MOREWalter E Williams: Job Destruction Makes Us Richer
White House economic ignorance on full display. Here's what President Barack Obama said about our high rate of unemployment in an interview with NBC's Ann Curry: "The other thing that happened, though — and this goes to the point you were just making — is there are some structural issues with our economy, where a lot of businesses have learned to ... MOREJohn Rossomando: Shining Light On Regulation Costs
Inhofe bill would would expose the high cost of regulation. Environmental regulations drain hundreds of billions of dollars from the U.S. economy each year, and it mostly goes unnoticed by the public. But proposed legislation from Oklahoma Republican Sen. James Inhofe could make the cost of such government interference more transparent. “Everybody here is ... MOREJason Ivey: Little Green Tyrannists
Their goal is to make us all do with less. Of tyrannies large and small, irritating me the most is the rise of the Green Police. They've reached heights previously held only by the subject of excessive taxation. First of all, the entire basis for green ideology and the ideologues following and enforcing it is based on a sham of a lie. Global cooling led to global warming led to climate ... MOREJonah Goldberg: The Terminology Of Taxation
Words mean things. Every political movement has its rhetorical strengths and weaknesses. The Right can wax poetic about liberty and freedom, the Left about the nobility of the poor and downtrodden. Nowhere do these differences come across more starkly than on the subject of taxation. Ask almost any Republican politician, from lobster-roll-eating northeastern “RINOs” ... MORERon Ross: Fatal Flaws Of Keynesian Economics
The failed economics behind the stimulus. It's now clear that the federal government's massive stimulus spending has not achieved its objectives. Why hasn't it? It's important that we have answers to that question. The stimulus was premised on the economic model known as Keynesianism: the intellectual legacy of the late English economist John Maynard Keynes. Keynesianism... MORE
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