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The Adventures of Citizen X
And So It Begins
Two years ago at the New Hampshire Liberty Forum, Sharon Harris, president of the Advocates for Self Government, presciently stated that as libertarianism gained popularity, we would be attacked by the Establishment—those who currently hold political power. Sharon is a smart lady, but you didn't need a crystal ball to see this coming. Did anyone really expect the power-mongers to put their tails between their legs and skedaddle? Their latest tactic is guild by association, no matter how questionable those perceived associations may by.
Some links:
Some links:
Chop Off That Camel's Nose
Recently, many said we were wrong to oppose the
TARP bailouts. It was a crisis after all. Sadly, our fear that TARP
would be the proverbial camel's nose in the tent, seems also to be
coming true. Get this... ...<< MORE >>
TARP bailouts. It was a crisis after all. Sadly, our fear that TARP
would be the proverbial camel's nose in the tent, seems also to be
coming true. Get this... ...<< MORE >>
Supercop or Super-terminator
One of the checks on inflation in a free market banking system is competition among banks. Inflating their money supply—issuing more notes than money in their vaults—places banks in a dangerous situation; one which, in fact, threatens their existence. If a bank cannot redeem its deposits in cash, it is insolvent and must close its doors.
When banks competed with one another, if there were a bank run the unsound banks were the first to fail—they didn't have enough money in their vaults to pay their depositors.
Of course, America has never really had a completely free banking system. Banks have ...<< MORE >>
When banks competed with one another, if there were a bank run the unsound banks were the first to fail—they didn't have enough money in their vaults to pay their depositors.
Of course, America has never really had a completely free banking system. Banks have ...<< MORE >>
Yeaaa!!! More Housing Socialism
Trying to curb home foreclosures, the Senate voted on Wednesday to make it easier for homeowners with risky credit to switch to a lower-cost mortgage backed by the government. The bill, passed 91-5, also would give banks a break by encouraging reduced fees they must pay for the government to insure deposits.
While both steps put taxpayer money on the line, lawmakers say the legislation is needed to prevent the economy from getting worse.
Yeah, right!!! This is necessary for the government to take an even greater role in the mortgage industry. By the way, be sure to read ...<< MORE >>
While both steps put taxpayer money on the line, lawmakers say the legislation is needed to prevent the economy from getting worse.
Yeah, right!!! This is necessary for the government to take an even greater role in the mortgage industry. By the way, be sure to read ...<< MORE >>
The Brick Wall at the End of the Road
Markison writes:
I would like to hear your comments about something I actually heard
Sean Hannity say today. He described a scenario that would have the
administration (with the fed) intentionally cause inflation and
devaluation of our dollar to get out of the debt they are contributing
to. I wondered if these loans from China are based on dollars with a
fixed interest rate. Should this be the case I could see that the
devaluation of the dollar coupled with high taxes could be the master
plan, that is Obama could leave the country in a shambles but still say
that he paid for his social services and eliminated ...<< MORE >>
The Patriot Act Claims Another Victim
Government programs always expand. Numerous times during this video individuals state that the Patriot Act was never intended to be used in this way. And it wasn't. But if you give the government a hammer, it will see every problem as a nail. The Patriot Act, originally passed to combat terrorism, is now being used in everything from investigating cock fighting rings to cracking down on political protesters.
...<< MORE >>
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Obama's College Plan
Spurred by the soaring costs of higher education, President Obama is proposing overhauling the federal student loan system. Of course, the reason that higher education is so expensive is because of government intervention in the market. Instead of realizing this, however, the President is proposing that the federal government take an even greater role in subsidizing colleges and college students. ...<< MORE >>
The Next Unbelievable Bailout
Here comes yet another bailout, and more corporate welfare. The Obama administration wants to use your tax money to bribe banks to renegotiate second mortgages. Projected price tag: $50 billion... ...<< MORE >>
