Posts in "Economics"

Paul Krugman: Economist, Columnist & Ellsworth Toohey of Our Times

Dec 31, 2008 at 12:25 AM

[caption id="" align="alignright" width="168" caption="Paul Krugman"]

[/caption] A few days ago, Mssr. Krugman labeled economists following the Austrian School and favoring the Austrian Business Cycle Theory as “hangover theorists”.

A Critique of the Fed...from China

Dec 30, 2008 at 9:59 PM

By Bonnie Kristian

Watching America provides a daily translation of a selection of news stories and opinion pieces from around the world - all related to American policies both foreign and domestic. Today, for example, it features articles from Algeria, Italy, Palestine, Hong Kong, and more. [caption id="" align="alignright" width="121" caption="Lincoln, U.S.

Czar Wars

Dec 30, 2008 at 8:16 AM

By Caleb Kinley

Slates Ben Zimmer writes; "On the American scene, czar was first bestowed on one of Andrew Jackson's foes: Nicholas Biddle, president of the Bank of the United States. [caption id="" align="alignleft" width="151" caption="Czar Nicholas I of Russia"]

[/caption] Jackson vehemently opposed the centralized power of the bank, which he called a "hydra of

This Is Absurd

Dec 30, 2008 at 12:25 AM

By Jon Lauro

According to Reuters President-Elect Obama's economic stimulus package will give New York 5 billion dollars to relieve it's outstanding debt. Isn't that funny? The national debt will be increased almost a trillion dollars from the stimulus package but it is OK, at least we are relieving New York of some of it's debt. I mean, shifting debt around helps a lot. I think the problem is spending, not the debt. The debt is a consequence of the spending.

1928 $20 Bill-Backed by Gold

Dec 29, 2008 at 10:04 AM

By Caleb Kinley

I'm not sure how many people have seen the gold backed $20 bill of 1928. All I've ever seen are images. In modern time, if it retained it's value, the purchasing power of a 1928 $20 bill would be about $250.00. By the way, the signature on the 1928 $20 bill is that of Treasury Secretary, A.W. Mellon. Ring any bells?

Obama's Foreign Policy: More of the Same

Dec 28, 2008 at 7:22 PM

By Mark Anthony

Ron Paul was recently interviewed by Jihan Hafiz of Press TV. When questioned about Obama's foreign policy, he indicated that this administration will just be more of the same:

Press TV: Dr. Paul, thank you for joining us. Let's start with foreign policy. How do you think the new administration will handle the war in Iraq?

Answers & Prophecies for Christmas, From Me To You

Dec 28, 2008 at 6:19 PM

By Taylor Byerly

First, a belated Merry Christmas to all of you and a happy New Year! As we are all returning home and to normal life from our holiday week, now becomes to time to replay the infamous family Christmas political arguements in our heads! This year, much of it has probably been focused on our failing economy and government "Bailouts" (otherwise known as "Insults to Injuries").

There's No Pain-Free Cure for Recession - Peter Schiff

Dec 27, 2008 at 11:57 PM

By Mark Anthony

Peter Schiff, former Ron Paul economic adviser and the president of Euro Pacific Capital, notes that the government's proposed solutions to the economic crisis will only exacerbate the situation.

I Miss Calvin & Hobbs

Dec 27, 2008 at 12:24 PM

By Chris Robertson

link

Comments (3)

New Deal, "Screw Deal"

Dec 24, 2008 at 6:27 AM

By Matt Fay

A colleague of mine at the Prometheus Institute recently posted a follow up to his article, “Screw Deal”, about the government bailout of financial institutions. Devon Carr’s “Screw Deal II” is a great read for those with limited knowledge of economics (those such as myself) who are looking to better understand the disaster that has been brought upon us by our government’s continued profligacy and cor