What We Need: A Shrinking Ship
The stark reality is that the United States is functionally bankrupt – the behemoth needs to shrink.
Temporary Taxes Are Rarely Temporary
From a look at the definition, “permanent” is an antonym of “temporary;” that is exactly what has become of other “temporary” tax increases throughout history.
To Tax or Not to Tax, That is the Question
In 1819 U.S. Supreme Court decision “McCullough v. Maryland,” Chief Justice John Marshall wrote, “An unlimited power to tax involves, necessarily, a power to destroy; because there is a limit beyond which no institution and no property can bear taxation.”
Live Free or Die
“Live Free or Die” is the title of author and columnist Mark Steyn’s speech at Hillsdale College, reproduced in Imprimis (April 2009), a Hillsdale publication that’s free for the asking. Canadian born, now living in New Hampshire, Steyn has had firsthand experience with socialist tyranny in his home country that is rapidly becoming a part of America.
An Increasingly Fascist America
Comingling public control of private business is known as fascism. While today’s politicians may feel emboldened with all their new power, history will only repeat itself as all this collapses on itself.
Government Run Amok
It is taken for granted that government can do whatever it wants so long as those doing it seem to be acting in good faith and aren’t benefitting too overtly.
Trampling the Constitutional Role of Regulation
Prior to 1937, Congress’s role in the regulation of commerce was quite simply defined as the “movement of goods†between states, and put most production and manufacturing outside of the regulatory power of Congress. This definition has essentially been abandoned ever since the Supreme Court, in 1937, upheld an act allowing Congress to regulate many aspects of labor through the National Labor Relations Board.
Stimulus for Who?
by Rep Ron Paul This week the House is expected to pass an $825 billion economic stimulus package. In reality, this bill is just an escalation of a government-created economic mess.  As before, a sense of urgency and impending doom is being used to extract mountains of money from Congress with minimal debate. So much [...]
Abolish the Federal Reserve
by Perry Willis, DownsizeDC.org The stock market rises and then crashes. Housing prices soar and then plummet. The Federal Reserve causes these booms and busts by constantly expanding and contracting the supply of money and credit. Credit expansion by the Federal Reserve increases the demand for producer assets and investment instruments. This causes bubbles in [...]
Strengthening or Weakening the Economy?
by Rep Ron Paul The economic situation continues to deteriorate this week as past and future bailouts were discussed on Capitol Hill. The debate was over the accountability of already disbursed TARP money, and on whether or not to release remaining funds.  Banks that had already been bailed out before are looking for more money [...]
The Bailout Surge
by Rep Ron Paul This week the bailout of the Big Three automakers was under heavy consideration in Congress’s lame duck session. I have always opposed government bailouts of private organizations. Back in 1979 Congress had hearings about bailing out Chrysler and I was on record pointing out that these types of policies are foolish [...]
Spending the Economy into Oblivion
by Rep Ron Paul With news this week that Congress is poised to consider a new stimulus package, I am forced to again ask a question that seems silly in Washington:Â How will we pay for this? While a few Members of Congress have raised the issue, it certainly was not the primary concern of [...]
Capitalism Without Capital?
by Rep Ron Paul It has been long understood that our federal government is going deeper into debt, consistently raising the debt ceiling and demonstrating no fiscal restraint. In recent years, debt ceiling increases have been placed in “must pass†legislation as a means to guarantee that Republicans as well as Democrats would vote for [...]
The Do-Something Congress
by Rep Ron Paul It has not been a good week for the Republic. It took quite a bit of trampling of the Constitution, but the bailout bill passed, as I suspected it would. The bailout failed the first time it was brought to the House. Undaunted, the Senate pressed on by attaching the bailout [...]
Economics and the Meltdown
by Rep Ron Paul The financial meltdown the economists of the Austrian School predicted has arrived. We are in this crisis because of an excess of artificially created credit at the hands of the Federal Reserve System. The solution being proposed? More artificial credit by the Federal Reserve. No liquidation of bad debt and malinvestment [...]
Financial Advice from the Founding Fathers
by Chuck Norris, WorldNetDaily America is broke. Wall Street is going out of business. The government is borrowing and bailing like there is no tomorrow. Americans anxiously await the full impact of a second Great Depression. And we all are longing and looking for solutions and saviors. Well, have no fear. Our founders are here.
A problem of regulation?
by Mark Thornton, Mises Economics Blog The financial panic that has engulfed the planet is considered by politicians, bureaucrats, journalists and mainstream economists to be a problem of regulation. I find myself in the uncomfortable position of having to agree with this gang of opinion makers, but it is not a problem of insufficient regulation, [...]
How Foreign Policy Affects Gas Prices
by Rep Ron Paul We’ve heard how the value of the dollar affects gas prices – and indeed the price of everything. I was pleased that my request for a hearing on such was granted by the Financial Services committee and we were able to hear some very informative testimony. Certainly domestic policies, regarding off-shore [...]
Washington DC’s Intervention Addiction
by Rep Ron Paul One problem with politicians is that when problems they create come to a head, they typically feel this irresistible urge to DO something, rather than to UN-do something, or to simply back off to avoid exacerbating the situation. Too often, that which they end up doing has very little connection to [...]
Why the Founders Rejected a Central Bank
by Rep. Ron Paul The Latin term “fiat†roughly translates to “there shall beâ€. When we refer to fiat money, we are referring to money that exists because the government declares it into existence. It is not based on production or earnings, and not backed by any commodity. It is solely based on trusting the [...]
Time for Some Real Change
by Rep Ron Paul One reason people are unhappy with the way politics and governments operate is that people who run for office are known to “say one thing and do another.â€Â Thus, we have the call for “change.†Candidates for high office make frequent use of that word. Even our House Republican Conference’s recently [...]
War and the Destruction of the Economy
by Rep Ron Paul What is the importance of the war in Iraq relative to other current issues? This is a question I am often asked, especially as Americans continue to become increasingly aware that something is very wrong with the economy.  The difficulty with the way the question is often asked relates to the [...]
Jun 19, 2008 | Categories:War | Tags: Economy, empire, Foreign Policy, Government, Guest Commentary, power, Ron Paul, War | Leave A Comment »