Nurturing the Great Depression
With all eyes on the precarious global economy, 20th-century economic history has never been more relevant. Interpretations of the defining economic episode of...
Opinion
Amnesty International Releases 2009 Report
Amnesty International has released their 2009 report on “The State of the World’s Human Rights.” Dealing with topics ranging from “abuses by armed...
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Obama’s IMF Sneak Attack
A hundred and eight billion dollars — $108,000,000,000. Not exactly an eye-popping sum anymore, in an era of multi-trillion-dollar annual budgets and multi-trillion-dollar...
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Keynesians and Kahnsians Populate D.C.
Neoconservatism, Pat Buchanan has written, is “the Arian heresy of the American right.” The Arians denied the humanity of Jesus, disputing the “Hypostatic...
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Movie Review: Angels and Demons
This weekend I saw Angels & Demons, the controversial film directed by Ron Howard and based on Dan Brown’s book by the same...
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Roots of Economic Crisis
Once upon a time, when the world was still on the gold standard, four men destroyed the financial order of things by engineering,...
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Credit Card Meltdown Hits Banks
Next up for ailing mega-banks: a credit card meltdown. No surprise here, really; Americans have overused credit cards for years, trusting always in...
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Social Security, Medicare Running Out of Money Faster Than Expected
Social Security and Medicare, Big Government’s two most cherished social-welfare programs, are running out of money far faster than expected, thanks to the...
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Another Record-breaking Deficit Looms
It’s official: this year’s budget deficit will be one for the record books. The latest figures released by the Obama Administration contemplate a...
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Cancerous Growth of Government
While every other major component of the economy is shrinking, government at all levels has grown to consume nearly half of America’s gross...
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“Prosperity Is Just Around the Corner.” Really?
Back in the bad old days of the Great Depression, the breezy assurance of the Hoover Administration that “prosperity is just around the...
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Pyramid Schemes Put in Perspective
The real rub of the Ivar Kreuger and Bernie Madoff sagas is that both men were caught doing precisely what governments do as...
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America’s GDP, Economy Shrink – Again
Despite rosy earnings reports from some closely watched corporations, the Great Recession is far from over, according to the latest economic data from...
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Did Bernanke and Paulson Commit Bank Fraud?
New revelations from the New York State Attorney General’s office have all but proven that Federal Reserve Chairman Ben Bernanke and former Treasury...
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Foreign Aid: Give ’Til It Hurts, Repeat
Item: The Washington Post for March 31 reported: “The billions of dollars spent in U.S. aid to Afghanistan over the past seven years...
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