The idea of secret banking cabals that control the country and global economy are a given among conspiracy theorists who stockpile ammo, bottled water and peanut butter. After this week’s congressional hearing into the bailout of American International Group Inc., you have to wonder if those folks are crazy after all.
Wednesday’s hearing described a secretive [...]
By Sherwood Ross
The Central Intelligence Agency(CIA) has confirmed the worst fears of its creator President Harry Truman that it might degenerate into “an American Gestapo.” It has been just that for so long it is beyond redemption. It represents 60 years of failure and fascism utterly at odds with the spirit of a democracy [...]
Some Fed officials and various commentators, such as Professor Paul Krugman, are of the view that the US central bank should be ready to consider additional steps to boost the US economy in the wake of a visible softening in key economic data. For instance, the yearly rate of growth of retail sales, after climbing [...]
According to a recent Congressional Budget Office report, the increased use of ethanol is responsible for a rise in food prices of approximately 10 to 15 percent.
Why?
We’re turning corn into fuel — a highly inefficient one, at that — instead of food.
The Mackinac Center for Public Policy points out that “mixing food and fuel markets [...]
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A couple of days ago in Japan, Ben Bernanke said that the benefits of low interest rate policies that politicians want “are not sustainable and will soon evaporate, leaving behind inflationary pressures that worsen the economy’s long-term prospects……thus political interference in monetary policy can generate undesirable boom-bust cycles that ultimately lead to both a less [...]
The negative impact of high healthcare costs on the national economy may not be fully recognized. At over $1.4 trillion a year, healthcare costs represent 15%—approximately a seventh—of our total gross domestic product. Our annual cost per capita, $4,662.00, is nearly double that of health care in other countries. This excessive and constantly increasing cost [...]
The subprime crisis left many Americans wary of financial markets and capitalist financiers. In his recent speech President Obama blamed Wall Street, and to a lesser extent Main Street, for the 2008 crisis. According to this speech, Washington bears little or no responsibility for the 2008 crisis.
Obama is not alone in [...]
One hundred years ago today, on April 16, 1910, Henry Pritchett, president of the Carnegie Foundation, put the finishing touches on the Flexner Report. No other document would have such a profound effect on American medicine, starting it on its path to destruction up to and beyond the recently passed (and laughably titled) Patient Protection [...]
Late last week, the Texas Board of Education, meeting in Austin, the state capitol, made some preliminary decisions about what the next generation of students will learn about subjects like history, economics, and sociology, when they take courses in those subjects in any of the Lone Star State’s public schools. The board decided, for example, [...]
Mises Daily: Friday, January 29, 2010 by George F. Smith
Having failed to learn what causes depressions and how to treat them when they arrive, our nation’s leaders are steering us straight into a monetary catastrophe. Predictably, the major media voices are clinging to the [...]
Widely believed to be dead, there is now supposedly a new tape released by Bin Laden claiming responsibility for the Christmas day attempt to blow up a plane headed to Michigan.
Research the evidence and find out for yourself, but I am now counting myself in the category of people that believe the CIA and/or other [...]
The Obama administration this month awarded a $25 million federal contract for work in Afghanistan to a company owned by a prominent Democratic campaign contributor without entertaining competitive bids, Fox News has learned.
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For nearly $4.5 million a year, the State Department assigned a 16-person security detail to protect six U.S. contractors in Iraq who already had a team of hired guards they didn’t really need.
The expensive miscue is one of many described in an audit issued Monday of a $2.5 billion State Department contract with DynCorp International [...]
The Supreme Court in a 5-4 ruling has now declared that corporations and unions have the same rights that people do, and will now be allowed to buy elections till their heart’s content. We need to give George Bush a big thank you for making this possible, as his two picks Roberts and Alito helped [...]