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The Federal government has now grown so powerful that some in this nation are taking its slightest wish to be a command. The announcement on Monday by a group of major American corporation, including Hewlett-Packard, AT&T, Tyco and others, that they...
The Federal Reserve has announced a policy that, not too many years ago, would have been widely denounced as a tyrannical usurpation of power. The Fed is in the process of drawing up “guidelines” to set limits on the amount of compensation...
It's the day before we are supposed to be told whether or not the Federal government will continue to shovel money into the hands of the moribund American automakers, GM and Chrysler. In spite of protestations from the White House that “bankruptcy...
It is a well-known Wall Street expression that “the market dislikes uncertainty.” Yet, this has seemingly been forgotten, if it was ever known, by Senator Chris Dodd (D-Conn) when he said “ I'm concerned that we may end up having...
President Obama, after spending the better part of the last month insisting that his so-called economic stimulus package be passed immediately (maintaining that failure to do so would spell utter ruin for the country), is going to wait until tomorrow...
The following is essentially the text of an email that I recently sent to a friend who'd asked me if I thought that senior members of the former Bush regime should be prosecuted for war crimes because of the use of torture as an instrument of national...
I got an email today from an old friend asking whether the signature line of an email which I'd sent him was really something that which Thomas Jefferson had written. What follows is more-or-less my response to him (slightly edited to leave out personal...
Newly sworn-in President Barak H. Obama could have said a lot of things during his inaugural address today. He could have said that he recognizes that the current financial crisis is a direct result of interference by the Federal government in the workings...
The hypocrisy which surrounds the proposed bailout of the U.S. auto industry is reaching heights rarely seen, even in Washington, D.C. The automakers are being held to a totally different standard than is the UAW, which is, at least, partially responsible...
As a result of my last entry here some people have commented that my statement, “...no matter how it is sugar-coated, the policies of John Maynard Keynes are essentially ways of increasing the power of the central government at the expense of individual...
In this time of economic turmoil it seems as though the majority of economists have become disciples of John Maynard Keynes. Turn on virtually any news broadcast covering the financial crisis which the State's economic mismanagement has thrust upon...
The debate continues, among the economically illiterate lawmakers in Washington, D.C. About whether or not the Federal government should make some $25 billion available to the Detroit automakers to, supposedly, enable them to remain in business. As part...
The latest word from Treasury Secretary Henry Paulson is that he believes “we have stabilized the major financial firms” and that he does not anticipate any more failures of large companies. He has effectively declared victory in the so-called...
The Federal government is about to stage yet another “bail-out” of a business which is “too important to fail.” This time the target will be Detroit's Big Three automakers, beginning with General Motors. We are hearing the...