Ron Paul commentary on CNN.com

This huge bailout of Wall Street is like the titanic increasing its speed as it heads towards doom rather than changing course away from disaster. Thankfully CNN.com has published on their front page a commentary written by Ron Paul about why the government shouldn’t bail out Wall Street. It is great to see a mainstream [...]

The Good News

Believe it or not, there is good news in this economic mess.
One piece of good news is that individuals of all stripes are skeptical of this government solution: they may begin to question the wisdom of government economic intervention.  This response can take many flavors, like questioning whether we can afford all of this, for [...]

Economic Venting

Seeing President Bush the other day acknowledge we are in economic turmoil, but that we shouldn’t worry because the government’s here to help, and that they’re dilligently working on it, is a bad sign.  It looks like this morning will see another great and terrible solution.
Market problems (a direct consequence of various government economic interventions) are bad [...]

What is Inflation?

The term “inflation” is bandied about quite a bit these days.  But what does it really mean?
Inflation means that the money supply has been inflated by increasing the amount of dollar bills in circulation.  The first people to get the newly printed money have more money to spend.  Eventually, prices go up.  What most of [...]

Is the State Good?

While reading the preface to Leonard Arrington’s Great Basin Kingdom (I dabble rather than dive into serious history), I came across this quote by Richard T. Ely, an early 20th Century Progressive/Socialist:
We regard the state as an educational and ethical agency whose positive aid is an indispensable condition of human progress.  While we recognize the necessity [...]