By Theodore Butler There has been an explosion of interest and commentary these past few days as a result of a front page story in Monday’s edition of the influential Financial Times (of London). The story stated that the CFTC was set to drop its four year investigation […]
By Paul Craig Roberts The bumper sticker on the beat-up pickup truck read: “Friends don’t let friends vote Democrat.” The driver was obviously not affluent. Yet, despite all the news about mega-trillion dollar bankster bailouts, mega-million dollar bonuses for financial crooks, and unimaginable compensation packages for corporate CEOs […]
By Kevin Carson In classical logic, the standard model of deductive reasoning is the syllogism. Most people are probably familiar with this example: All men are mortal. Socrates is a man. Therefore, Socrates is mortal. The enthymeme is an incomplete syllogism with one of the premises left implicit. […]
By Dean Baker The case of the rigged Libor turns out to be the scandal that just keeps on giving. It reveals a great deal about the behavior of the Federal Reserve Board and central banks more generally. Last month, Federal Reserve Board Chairman Ben Bernanke gave testimony […]
From ZeroHedge.Com The idea of “collapse”, social and financial, comes with an incredible array of hypothetical consequences ranging from public dissent and martial law, to the complete disintegration of infrastructure and the devolution of mankind into a swarm of mindless arm chewing cannibals. In an age of television […]
By Thomas Naylor The new American flag forever postage stamp series recently released by the U.S. Postal Service represents a degree of hypocrisy heretofore unimaginable. Below the American flag on each stamp is one of the following four words – freedom, equality, justice, or liberty – followed by […]
By Stephan Kinsella Below is the proposed list of speakers and topics for the upcoming Seventh Annual Meeting of the PFS, which will be held in Bodrum, Turkey at the Hotel Karia Princess, from Thursday September 27 through Monday October 1, 2012. Those interested in attending should contact Dr. Hoppe or Mr. Grözinger, […]
From The Daily Mail A new study conducted by Finnish researchers has confirmed what many of us have known for years: our stressful jobs are making us age faster. The research led by Kirsi Ahola of the Finnish Institute of Occupational Health measured the length of DNA sections […]
By Shawn Wilbur Anarchists can be touchy about any sort of authority, so we are frequently at pains to say that we are not followers of any particular leader or historical figure. That’s good. Among other things, the historical figures we’re most likely to follow were almost all […]
thefiscaltimes.com ALEXA GELLMAN, LearnVest A new report by the Consumer Federation of America found that two in five American households live paycheck to paycheck—that means no savings, retirement account or emergency fund. The number of families living this way has increased by 7 percent over the last 15 […]
phys.org Peter Dizikes It is a central worry of many Americans: not having enough money to live comfortably in old age. Now an innovative paper co-authored by an MIT economist shows that a large portion of America’s older population has very little savings in bank accounts, stocks and […]
By Anna Morgenstern What if they built a factory and no one came? A lot of people in the broader anarchist movement seem to focus more on goals or endpoints and ignore or underemphasize the means to achieving them. This is understandable, in that statists are constantly challenging […]
By Pat Buchanan Since 1928, only Dwight Eisenhower and George W. Bush have won the presidency while capturing both houses of Congress for the GOP. In his 49-state landslide, Richard Nixon failed to take either House. In his two landslides, Ronald Reagan won back only the Senate. Yet […]
By Anna Morgenstern The simplest way to put it is that they’re all a bunch of crooks. The bankers are the chief con-men. They print up (so to speak) a bunch of fake money out of thin air. I can do that too, but no one is going […]
By Kevin Carson It’s gradually emerged in recent months that the Food and Drug Administration not only spied on its employees, but did so on a massive scale — collecting tens of thousands of employee emails to one another, as well as to journalists, members of Congress and […]
Fox News Video: Riot breaks out at police station in Anaheim ANAHEIM, Calif. – City officials voted unanimously Tuesday to ask the U.S. attorney’s office to investigate recent police shootings, including one of an unarmed man over the weekend, that have sparked four days of protests and a […]
By Rick Ungar It’s enough to make even the most ardent Obama cynic scratch his head in confusion. Amidst all the cries of Barack Obama being the most prolific big government spender the nation has ever suffered, Marketwatch is reporting that our president has actually been tighter with a buck than any […]
By Dana Milbank Ron Paul ran for president three times, served nearly a quarter-century in Congress, spawned a national movement and saw his son elected to the Senate.But in his singular objective — to “End the Fed,” as the title of his book put it — the libertarian […]
By Anna Morgenstern Those of us who mistrust the evolution of our current politico-economic system, often look toward dystopian novels to portray a warning glimpse of where we are headed. The two most common examples are 1984 by George Orwell or Brave New World by Aldous Huxley. While there certainly are elements […]
Interesting description of the current sexual marketplace as an artificial market. All those guys you know who screw a lot of women are Omega’s exploiting a niche produced by feminism and urban anonymity. In a tribal society these sort of guys would be killed or expelled by an alliance of alphas and betas; if they could manage to get laid in the first place….
By Paul Buchheit Wealthy individuals and corporations want us to believe they’ve made it on their own, without the help of government or the American people. Billionaire financier Sanford Weill blustered, “We didn’t rely on somebody else to build what we built.” He was echoing the words of […]
By Kevin Carson In last month’s Rio +20 (UN Conference for Sustainable Development) declaration, “The Economy We Need,”RIPESS (French acronym for Intercontinental Network for the Promotion of Social and Solidarity Economy) dismisses the “so-called green economy” model promulgated “by governments and corporations” with the contempt it deserves. There are […]
By Stuart Bramhall In a shelter for homeless runaway teens in New Delhi, the residents have created an unlikely society where everything from healthcare to banking has been initiated, implemented and executed by the kids themselves. http://www.rt.com/news/indian-children-banking-system-637/ The Question of Teen Age Rights Makes you wonder whether know […]
From Mad for Monaco Once upon a time money problems were the rule rather than the exception in the Principality of Monaco. The Grimaldis seemed to be constantly cash-strapped and one of the things that had to be considered when marriage discussions were going on was usually how […]
From Kyle’s Corner. ________ It’s official, the commies are winning. Recent Pew polls have shown a slow but consistent increase in socialism’s popularity, despite a 50 year Cold War fought ostensibly against the concept. Youth 18-29 years of age (AKA the future) now prefer socialism over capitalism, and […]
By Ralph Nader If the Democrats in Congress were all drinking water from the same faucet, there might be a clue to their chronic fear of the craven and cruel corporatist Republicans who dominate them. But they don’t, so we have to ask why their fear, defeatism, and […]
By Eric Alterman Las Vegas Sands Chief Executive Officer Sheldon Adelson speaks during a media briefing in Singapore December 21, 2009. REUTERS/Vivek Prakash If a Jew-hater somewhere, inspired perhaps by The Protocols of the Elders of Zion, sought to invent an individual who symbolizes almost all the anti-Semitic clichés […]
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By Stephen Ohlemacher WASHINGTON (AP) — The Supreme Court’s decision to uphold most of President Barack Obama’s health care law will come home to roost for most taxpayers in about 2½ years, when they’ll have to start providing proof on their tax returns that they have health insurance. That scenario puts the Internal Revenue […]
By Alexander Cockburn Since what is now going is being described as “the greatest financial scandal in the history of Britain” — the Barclays imbroglio – I have a question to ask. Where are those tents outside St Pauls? Or ones in solidarity this side of the Atlantic? […]
By Gavin McInnes Last week, the Supreme Court decided we all have to buy government broccoli for $1.7 trillion. This is the analogy fiscal conservatives are using to describe the Obamacare mandate that insists everyone pay their “fair share.” John Derbyshire says that “healthcare isn’t broccoli,” because while […]
By David D’Amato Last week’s 5-4 decision from the US Supreme Court, holding that Congress did indeed possess the constitutional authority to enact the individual mandate that remains Obamacare’s most controversial provision surprised many. The Court’s majority opined that although the US Constitution’s Commerce Clause doesn’t give Congress […]
snuproject By Marta Sánchez A silent revolution emerges from the underground. Far from losing strength, decentralization has allowed 15-M to become ever more dynamic. Is the 15-M movement going invisible? Or is it rather gaining strength in the ‘underground’? The mainstream media keep claiming that the indignados have lost support since […]
My latest from the Inferno. _________ Last week saw comedian Jimmy Carr spotlighted and strung up under the media lamppost as something of a pecuniary piñata. For some reason, King Cameron of Cuntalot, the current British PM, saw fit to name and shame him as a protection fee […]
By Mark Trumbull The US Supreme Court‘s decision on health-care reform Thursday opens the door to a major expansion of health insurance, affecting households across America. Related stories How much do you know about health-care reform? Take our quiz! Obama health-care law: Supreme Court upholds it in entirety […]
By Gary North On July 2, 1776, Congress voted for the Declaration of Independence. Most of the members signed it on July 4, although more signed over the next month. The problem was this: a declaration of independence from King George III (and from Parliament, which was really […]
This analysis is consistent with my own. The combination of widening class divisions and demographic and cultural change means the Repugs are screwed. By Kevin Kerwick National Republicans may have some serious thinking to do. Their presumptive nominee, Mitt Romney looks to be in serious trouble on multiple fronts today. […]
By Michael Connelly Well, I have done it! I have read the entire text of proposed House Bill 3200: The Affordable Health Care Choices Act of 2009. I studied it with particular emphasis from my area of expertise, constitutional law. I was frankly concerned that parts of the proposed […]
By Thomas Knapp Well, here it is, folks: The Supreme Court’s ruling upholding the “individual mandate” provision in the Affordable Care Act, aka “ObamaCare.” As of 2014, all Americans will pay a portion of their taxes to an insurance company of their choice instead of to Uncle Sam […]
By Kevin Carson Contrary to outraged cries from Republicans that it’s some sort of radical departure from our “free enterprise” system, Obamacare is in fact a direct continuation of the bipartisan neoliberal consensus of the past thirty years. The guiding principle of this consensus is the use of […]
From The Ruling Class Yesterday, the Roberts court affirmed the Obama defense of the so-called “Affordable Care Act.” To me, it is not a particularly surprising result. Two years ago, I noted thatthe Obama Admin’s principal argument relied on the classification of the mandate as a tax and that […]
mises.org Murray N. Rothbard [Making Economic Sense (1995; 2007)] One of Ludwig von Mises’s keenest insights was on the cumulative tendency of government intervention. The government, in its wisdom, perceives a problem (and Lord knows, there are always problems!). The government then intervenes to “solve” that problem. But […]
bloomberg.com Joshua Zumbrun A U.S. House committee approved legislation introduced by Representative Ron Paul that would subject the Federal Reserve to an audit of its activities, including monetary policy decisions. The House Oversight and Government Reform Committee in Washington approved the bill today in a voice vote. The […]
By Paul Gottfried The latest bestseller by German economist Thilo Sarrazin, a former member of the Bundesbank executive board, is a rambling critique of the eurozone. His book Deutschland braucht den Euro nicht (Germany does not need the euro) tells you everything you might want to know about why the […]
From The UK Libertarian. Davy, the UK Libertarian, hoists moralistic tax-happy statists on their own petard. Logical, potent, and apt, if emotionally-oversaturated at times. _________________ [WARNING: The following article contains images that some people may (and should) find disturbing. If you don’t want to see fairly graphic images […]
By David D’Amato Surveying the new JOBS Act, legislation with the ostensible purpose of aiding “emerging growth companies,” the Washington Post’s Rob Kaplan and Tom Voekler contend that the act’s biggest impact will be on the formation of “small and mid-sized business capital.” Observing an important difference between […]
From the Huffington Post One of President Barack Obama’s former professors appears to have turned against him, according to a recent YouTube video. “President Obama must be defeated in the coming election,” Roberto Unger, a longtime professor at Harvard Law School who taught Obama, said in a video posted […]
From The Blaze has forced many Greeks to rely on barter-style economies. “I want to use euro but it’s very expensive and I believe trade is better,” said Volos resident Artemis Zafiriou of in a recent NBC Newsreport. The town of Volos is not special. It’s one of the […]
Nemesis: The Last Days of the American Republic by Chalmers Johnson
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