The Federal Reserve’s inflationary policies distort the economy, creating bubbles, which in turn create a booming stock market and the illusion of widespread prosperity. Inevitably, the bubble bursts, the market crashes and the economy sinks into a recession.
What should be done with the estimated 15 million people living in the United States without the legal right to be here? It seems most politicians and many Americans come down on one or the other extreme.
There is no meaningful distinction between civil and economic liberties. A true friend of the free society defends both civil and economic liberties.
Among the items awaiting Congress when it returns from its August break is reconciling competing House and Senate bills reauthorizing No Child Left Behind. An examination of both bills shows that both provide local schools with only limited relief from a few federal mandates.
A Congress that truly cared about the Constitution would end all federal funding for abortion and pass legislation restricting federal jurisdiction over abortion, thus returning the issue to the states.
Last week, retired Gen. Wesley Clark, who was NATO commander during the U.S. bombing of Serbia, proposed that “disloyal Americans” be sent to internment camps for the “duration of the conflict.” He called for the government to identify people most likely to be radicalized so we can “cut this off at the beginning.” That sounds like “pre-crime.”
The Greek crisis provides a look into what awaits the United States unless we stop overspending on warfare and welfare and restore a sound monetary system.
We shouldn’t be too optimistic about truly establishing normal relations with Cuba until we understand how relations became so abnormal in the first place.
By ruling for the government in the case of King v. Burwell, the Supreme Court once again tied itself into rhetorical and logical knots to defend Obamacare.
The U.S. government is desperately trying to cling to the notion of a unipolar world, with the United States at its center dictating foreign affairs and monetary policy while its client states dutifully carry out instructions.
An increasing number of conservatives are realizing that the death penalty is inconsistent with both fiscal and social conservatism. These conservatives are joining with libertarians and liberals in a growing anti-death penalty coalition.
George Soros will use his influence in the U.S. government to put the American people on the hook for a bankrupt Ukraine — forcing us to pay for weapons, more military training and Ukraine’s crippling debt.
Taking money from working Americans, small businesses and entrepreneurs to subsidize the exports of large corporations is the most indefensible form of redistribution. Yet many who criticize welfare for the poor on moral and constitutional grounds do not raise any objections to welfare for the rich.
Last week, I found myself in rare agreement with Janet Yellen when she admitted that her economic predictions are likely to be wrong. Sadly, Yellen did not follow up her admission by handing in her resignation and joining efforts to end the Fed.
On Friday, the House passed a massive National Defense Authorization for 2016 that will guarantee U.S. involvement in more wars and overseas interventions for years to come.
Last week, the 6th U.S. Circuit Court of Appeals ruled that the NSA’s metadata collection program was not authorized in U.S. law. The Patriot Act, under which the program began, was too vague, the court found.
Apologists for the National Security Agency point to the arrest of David Coleman Headley as an example of how warrantless mass surveillance is necessary to catch terrorists. Headley played a major role in the 2008 Mumbai terrorist attack that killed 166 people.
Most politicians who talk about helping the middle class support policies that, by expanding the welfare-warfare state, are harmful to middle-class Americans.
A wise consistency of non-interventionism in all foreign affairs would be the correct course for this and future U.S. administrations. Let us hope they will eventually follow Obama’s observation that “it’s time to try something new.”
Militarism and military spending are everywhere on the rise, as the new Cold War propaganda seems to be paying off. The new “threats” that are being hyped bring big profits to military contractors and the network of think tanks they pay to produce pro-war propaganda.
Freeing the people from the IRS’s tyranny is one of the best reasons to end the welfare-warfare state and return the federal government to its constitutional limitations.
A responsible financial institution would not extend a new loan of between $17 billion and $40 billion to a borrower already struggling to pay back an existing multibillion-dollar loan. Yet that is just what the IMF did last month when it extended a new loan to the government of Ukraine.
If the U.S. intervention in Iraq created the “unintended consequences” of ISIS and al-Qaida, how is it that more U.S. intervention can solve the problem? A war based on lies cannot be fixed by launching another war.