Creating “Wealth”: The Fed Shows No Reserve
When the Federal Reserve announced on March 19 its latest offensive against the financial crisis — to purchase more than $1 trillion in government debt ranging from mortgage-backed securities...
About: Steven J. DuBord
Posts by Steven J. DuBord
Economics a Hot Topic in Woods’ Book “Meltdown”
Today's hard times are prompting people to learn more about the forces that drive our economy, and the book Meltdown, by Thomas Woods, offers an entertaining way to do...
Terrorist Bill Ayers May Finally Be Brought to Justice
Thanks to President Barack Obama, the family of Sgt. Brian McDonnell of the San Francisco Police Department may finally get justice. The Weather Underground, led by Bill Ayers and...
Tibet Marks 50th Anniversary of Lhasa Uprising
With an average elevation of 16,000 feet, Tibet has been called "the Roof of the World." But the view was unpleasant for Tibetans this March: Chinese armored vehicles, machine-gun-wielding...
Obama’s Disastrous Deficits
According to a new report released by the Congressional Budget Office (CBO), the deficits to be generated over the next 10 years by the Obama administration's proposed budget will...
Revolutionary Virtue
"Our Constitution was made only for a moral and religious people," John Adams famously announced in 1798. "It is wholly inadequate to the government of any other." ...
Trying to Turn CO2 Into Au
ITEM: U.S. News & World Report for February 20, 2009 interviewed Rep. Henry Waxman (D-Calif.), the new chairman of the House Energy and Commerce Committee. Waxman said that "broader...
The Militia: In History and Today
The army — defender or destroyer of freedom? Throughout history power-hungry rulers have used armies to conquer and oppress other lands, and to impose tyranny on their own people....
Shock & Awe Economics
With the passage of the $787 billion Obama-Democratic Congress stimulus bill, the die has been cast for America's economic future. This, the largest appropriations bill ever passed by Congress,...
“The International” Banks on a Bit of Truth
The tag line for the new movie The International runs: "They control your money. They control your government. They control your life. And everybody pays." This resonates with many...
Stimulating Government, Not the Economy
ITEM: The New York Times reported on January 28, 2009: The stimulus bill ... is not just a package of spending increases and tax cuts intended to jolt...
A Season for Fires — and for Heroes
Each day, thousands of firefighters, police officers, and other emergency personnel put their lives on the line, performing heroic deeds as part of their daily routine. To those unsung...
Dangers of “Judicial Supremacy”
Imagine that certain investors have set up a business under a charter and by-laws that specifically provide for a number of managers assigned to oversee various separate and independent...
SCHIP of State
President Obama and most of the press cheered the passage of the State Children's Health Insurance Program, but can SCHIP (pronounced "ship") stay afloat long-term? ...
Social Security Sham
ITEM: The Buffalo News for January 25 called for entitlement reform, noting that, for example, the trustees for Social Security "have long foreseen the problems. In 2011 — just...
Bankruptcy (a.k.a. Stimulus) Bill Clears Congress
As the massive new stimulus bill, which President Obama is now preparing to sign into law, was undergoing consideration in the Senate, Americans wondered how much the final price...
A Bad Deal Revisited — Obama and FDR
ITEM: Writing for Newsweek's online edition on January 13, Daniel Gross complains: "Even before President-elect Obama takes office, critics are circling his yet-to-be-released stimulus plan." The most "emphatic objections...
Whatever Happened to Global Warming?
Now that record-cold temperatures across the globe are making a mockery of human-caused global warming, we look to see if this is merely a "weather hiccup." ...
Parallels With the Great Depression
What began early last year as a "credit crunch" and an "economic downturn" is now being characterized as a "long, severe recession." Once upon a time, such a crisis...