Contrary to popular belief, the rescue package cannot help the economy; it will only severely weaken wealth generators. (The larger the package, the more misery it will inflict.) Hence, once the massive rescue plan is implemented, it will not prevent an economic slump but, rather, runs the risk of plunging the economy into the mother of all recessi
The Real Choice in 2008
The “two party system” offers no real choice. The true choice this year is to show the two party system that we want real choice and vote third party in 2008.
Palin: Just Another Awful Candidate
My main criterion for a decent candidate is that he or she strongly support peace, here, abroad, and everywhere. Palin didn
’t use the word “peace” a single time in her acceptance speech. She didn’t speak about peace at all.
World Records: A Private Matter
For the most part, private organizations run sports, both amateur and professional. There is government involvement, to be certain, just as there is government involvement in just about every human activity, but these private organizations are able to set their own rules and bestow records as they see fit.
Stop Voting!
“The worst possible candidates from the Republican and Democrat parties have floated to the top, much like what you see when you glance down into a toilet bowl.”
Barak Obama – as seen by a European
And it came to pass, in the eighth year of the reign of the evil Bush the Younger (The Ignorant), when the whole land from the Arabian desert to the shores of the Great Lakes had been laid barren, that a Child appeared in the wilderness.
The Mother of All Messes
Are Republicans unaware of the amazing mess the Bush regime has made? It is impossible to imagine a bigger mess. We must get the Republicans totally out of power, or we will have no country left for the Democrats to mess up. I say this as a person who has done as much for the Republican Party as anyone. By Paul Craig Roberts
Could YOUR Bank Fail???
So what happens if nearly every bank in America is calling on the Federal Deposit Insurance Company (FDIC) to bail them out at the same time?
Herbert Hoover’s Depression
If government wishes to alleviate, rather than aggravate, a depression, its only valid course is laissez-faire – to leave the economy alone. Only if there is no interference, direct or threatened, with prices, wage rates, and business liquidation will the necessary adjustment proceed with smooth dispatch.
Economic Depressions: Their Cause and Cure
Economist Murray Rothbard explains how central banks, through use of fractional-reserve banking, naturally expand and then contract money supplies, thereby producing business cycles of alternating booms and busts. He also explains how governmental intervention worsens these cycles and how free markets can prevent them.
