On Friday evening February 25th Paul Krugman, president of the Eastern Economic Association, gave an address to a several hundred economists who were attending the organization’s annual conference in New York City. Krugman’s talk, “The profession and the crisis,” was quintessential Krugmanesque–well organized, witty, occasionally sarcastic, and full of errors, especially during the Q&A. However, it was heartening to listen to a Nobel Laureate in Economics admit, “Economists blew it,” as far as recognizing the housing bubble and the severity of the bust.
Archive for the ‘Federal Government’ Category
New Jersey’s dishonor roll
18
Feb
What do Senator Menendez and nine Republican and Democratic New Jersey members of the House of Representatives have in common? They voted to extend the Patriot Act the other day.
Ron Paul, Gary Johnson and the 2012 GOP presidential ticket
13
Feb
Rep. Ron Paul won the CPAC 2012 presidential straw poll on Saturday for the second year in a row. Mitt Romney came in second with 23% of the vote to Dr. Paul’s 30%. So how are the mainstream media spinning this turn of events? By asserting that the CPAC poll is not “scientific” and that there were so many young people under 25 out of the nearly 3,800 attendees.
Obama’s vision: more crony capitalism and foreign intervention; the GOP response: we support the welfare-warfare state, too
27
Jan
While I was driving home Tuesday evening, I listened to President Obama’s State of the Union address for a few minutes on the radio. Obama’s speech was vapid with an insightful phrase thrown in here and there to show he really is a champion of free enterprise and middle-class values. Obama sounded like a cross between Vince Lombardi and the head of the Chamber of Commerce.
Americans overwhelmingly support Ponzi schemes
23
Jan
According to a New York Times/CBS News poll, Americans want less federal spending instead of paying higher taxes to reduce the deficit. However, about two thirds of Americans would prefer higher payroll taxes for Medicare and Social Security rather than seeing any cutbacks in benefits. In other words, Americans rightfully oppose higher taxes to solve the federal government’s unconscionable spending polices, but they also want to perpetuate the greatest Ponzi schemes in human history, Social Security and Medicare.
Government violence: the real evil in the world
11
Jan
Before I sat down to write this essay I checked, as I always do every morning, www.lewrockwell.com to see what some of the best columnists on the web had to say about national and world events. Today, their analysis of the reactions of the political class and the pundits on talk radio and cable television to the shootings in Tucson did not disappoint.
Willie Sutton economics: rob the rich to balance the budget
04
Jan
According to a recent “60 Minutes”/Vanity Fair poll, 61% of Americans want to raise taxes on the “rich” to balance the budget. The next popular option is reducing defense spending. Cutting Medicare or Social Security is not very popular. Less than five percent of those polled want to reduce the federal government’s Ponzi schemes.
When is a Ponzi scheme “not” a Ponzi scheme? When the government runs it.
03
Jan
The first wave of baby boomers turned 65 on 1/1/11, making them eligible for Medicare, joining their parents, aunts and uncles and other relatives in one of the greatest Ponzi schemes created by any government. Instead of acknowledging that it is running a Ponzi scheme that is trillions of dollars in the hole, the federal government’s propaganda continues to extol the virtues of a government health insurance program that kicks in for its citizens when they turn 65 years old.
The thugs, misguided and parasites rule America
01
Jan
If you have high blood pressure, you do not want to read Steven Malanga’s Shakedown: The Continuing Conspiracy Against the American Taxpayer, unless you have taken a mega dose of your medication.
Tax cuts, the federal budget and the case for zero taxation
18
Dec
President Obama signed a bill on Friday extending the current tax rates for another two years. The tax bill also reduces an employee’s payroll tax rate by 2% for one year and extends unemployment benefits for 13 months. However, the bill will not help the long-term unemployed who have exhausted their benefits. In addition, several tax breaks scheduled to expire on December 31 will continue into 2011. Read the rest of this entry »
The liberty dream ticket for 2012: Ron Paul and Mike Doherty
13
Dec
With the announcement last week that Congressman Ron Paul will chair the House Financial Services subcommittee on domestic monetary policy, Dr. Paul’s media exposure has risen exponentially. Today, the New York Times has a front-page article about the congressman, without any snide remarks that would typically be included in a piece about “Dr. No.” On Sunday, the Week in Review section of the New York Times ran an article about Congressman Paul and the Federal Reserve.
The rich are different from you and me…they are dumber
11
Dec
Apparently, a group of wealthy Americans thinks extending the so-called Bush tax cuts is a bad idea. Calling themselves, ready, “Patriotic Millionaires for Fiscal Strength,” they have written an open letter to the President pleading for tax rates to increase on January 1 for individuals earning more than one million dollars per year.
A proposal to restore liberty and free enterprise
09
Dec
The following is an overview of my presentation to both the Middlesex County Tea Party and Americans for Liberty this month. The title of my talk is “How to get from here—big government—to there—limited government.” The talk contains suggestions to end the welfare-warfare state and replace it with a constitutional republic. At the end of the talk I suggest several books and essays for the attendees so they can become better spokespersons for the freedom philosophy. I am available to give this presentation to your association, group, wedding party, etc.
“I see something Janet Napolitano, Nazism on the march”
06
Dec
Department of Homeland Secretary Janet Napolitano announced that Wal-Mart will begin making announcements in their stores, "If you see something, say something" as part of the DHS's effort to make America safe from terrorists. Ms. Napolitano, "I see stupidity all over America. Public officials have violated their oaths to uphold the U.S. Constitution."
See, http://www.youtube.com/watch?v=Czoww2l1xdw&feature=player_embedded
How to restore liberty
04
Dec
The following is an outline of the introductory remarks I made to the Middlesex County Tea Party meeting on December 2nd. In the rest of my remarks I discuss how to phase out Social Security, Medicare and Medicaid and restore the federal government to its constitutional foundation. To hear how can have a limited government in America ASAP, join me at the next meeting of Americans for Liberty on December 7th in Parsippany. Please visit Americans for Liberty for details of my talk. Hope to see Tuesday.