The USA”€”A Failed State

The U.S. has every characteristic of a failed state. The U.S. government’s current operating budget is dependent on foreign financing and money creation. Too politically ...

Ignorance Is Bliss

While all the talk at present is about economic corners turned and markets charging ahead, no one is paying much notice to an American economy deteriorating before our eyes. These ...

Welcome Back, Lenin

Capital is dead labor, which, vampire-like, lives only by sucking living labor, and lives the more, the more labor it sucks. —Karl Marx If Karl Marx and V.I. Lenin were ...

The Recovery That Isn”€™t

For those market boosters who are prattling on about the possibility of a “jobless recovery,” I offer an invitation to join me for a breakfast of “fat-free ...

The Economy is a Lie, too

Americans cannot get any truth out of their government about anything, the economy included. Americans are being driven into the ground economically, with 1 million schoolchildren ...

Lehman Bros. Revisited

As we pass the one year anniversary of the fall of Lehman Brothers, journalists, politicians and market analysts have seized on the occasion to offer seemingly sober assessments ...

Richard Posner is a Suicide Pact

Under Discussion:A Failure of Capitalism: The Crisis of ‘08 and the Descent into Depression. Richard A. Posner. Harvard University Press (2009). 346 pages. Richard Posner ...

Staggering Hypocrisy

Americans have lost their ability for introspection, thereby revealing their astounding hypocrisy to the world. U.S. War Secretary Robert Gates has condemned The Associated ...

The Big Media Bailout

The Federal Trade Commission (FTC), which usually concerns itself with "€œconsumer protection"€ issues, is now taking an interest in the journalism industry. The financially ...

The Helicopter’s Second Round

Ayn Rand wrote, “when you see corruption being rewarded and honesty becoming a self-sacrifice—you may know that your society is doomed.” America is not yet ...

American Serfdom

America is a strange place. Liberals get emotionally distraught that the Founding Fathers stuck Second Amendment rights in the Constitution. For American citizens to possess ...

Democracy: The God That Failed

“We just can’t afford it!” Not long ago, every America child heard that, at one time or another, in the home in which he or she was raised. “We just ...

Appetite for Destruction

After having given away billions faster than even the optimists had anticipated, it was announced today that the federal government’s “Cash for Clunkers” program ...

Unspinning the Unemployment Numbers

Last Friday, a Bloomberg.com headline read: “U.S. Stocks Gain, Treasuries Drop as Unemployment Rate Declines.” Let’s have a look at the reported decline in the ...

“€œExperts”€ Never Learn

There is an inexplicable, but somehow widely held, belief that stock market movements are predictive of economic conditions. As such, the current rally in U.S. stock prices has ...

Our Expiring Economy

Tent cities springing up all over America are filling with the homeless unemployed from the worst economy since the 1930s. While Americans live in tents, the Obama government has ...


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