The Federal Reserve has caused every single boom and bust that has occurred in...]]> Sun, 28 Aug 2011 00:00:00 -0500 The Latest Politics, News & Election Videos

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"We are out of money. This country is bankrupt.": Presidential candidate on FEMA, government intervention, the Federal Reserve, Libya and the Constitution.Rep. Ron Paul (R-TX) appeared on "FOX News Sunday" for his turn in the show's continuing series of interviewing Republican presidential candidates vying for the party's nomination.The segment began with Ron Paul giving...]]> Sat, 16 May 2009 00:00:00 -0500 Fri, 30 Jan 2009 00:00:00 -0600 This week the House passed an $819 billion economic stimulus package. In reality, this bill is just an escalation of a government-created economic mess. As before, a sense of urgency and impending doom is being used to extract mountains of money from Congress with minimal debate. So much for change. This is déjà vu. We are again being promised that its passage will help employment, help homeowners, help the environment, etc. These promises are worthless. This time around especially, Congress should know better than to pass anything of this magnitude without first reading the fine print. There are many red flags that I have found in this bill.

At least $4 billion is...]]> Tue, 20 Jan 2009 00:00:00 -0600 The economic situation continues to deteriorate this week as past and future bailouts were discussed on Capitol Hill. The debate was over the accountability of already disbursed TARP money, and on whether or not to release remaining funds. Banks that had already been bailed out before are looking for more money to fill the black holes that are their balance sheets, warning that they are simply too big to fail. However, whatever 'devastating' consequences these banks are dreaming up and pushing on Capitol Hill regarding their own collapse will be nothing compared to the collapse of our currency if we keep debasing it through these foolish bailouts. It should be that they are too big...]]> Fri, 16 Jan 2009 00:00:00 -0600 With attention turning to the next big economic stimulus package, questions are still swirling about our economic troubles. How did we get here? How do we get out? As usual, Washington has all the wrong answers. According to many politicians, we got here by not spending enough, not consuming enough, and not regulating enough. Now government, like some mythical white knight, is going to ride in to save the day by blanketing the economy with dollars, hiring an army of new bureaucrats, creating make-work jobs, and sending everyone some form of a bailout check. The debate seems to focus on whether this will cost enough to save the economy, or if this is just a "down payment" with much...]]> Mon, 25 Aug 2008 00:00:00 -0500 As the Olympics wind down, I am amazed at how things change every four years. Many Americans were glued to their televisions to watch the excitement from Beijing, and also heard announcers wax nostalgic with memories of times when the Soviet Union was the USA's biggest competitor for Olympic gold. There was a time when it was unthinkable that a government as powerful as that of the Soviet Union's could possibly crumble, yet crumble it did. The irony is that the strength of the Soviet government was also its weakness, as no country, no economic system can remain strong under the crushing burden that is central planning.

Central Planning is sold to a hopeful people as a way to...]]> Tue, 19 Aug 2008 00:00:00 -0500 We've heard how the value of the dollar affects gas prices - and indeed the price of everything. I was pleased that my request for a hearing on such was granted by the Financial Services committee and we were able to hear some very informative testimony. Certainly domestic policies, regarding off-shore oil drilling bans, ethanol mandates, refining capacity, and CAFE standards are interventionist and harmful enough in the energy market.

But how does foreign policy affect gas prices? One important factor is that oil on the world market has been priced in dollars exclusively since 1973. Only two leaders have gone against this arrangement - Saddam Hussein in 2000 and more recently...]]> Mon, 11 Aug 2008 00:00:00 -0500 Recently Congress passed the American Housing Rescue and Foreclosure Prevention Act., also known as the Housing Bill. Its passage was lauded by many who are legitimately concerned about foreclosures and the housing market in our country's economy. I was asked how I could vote against a bill to help American homeowners, but I found this bill to have more to do with helping big banks than helping average Americans.

The answer is that there is more to any bill than its name or the headlines surrounding it. If one only paid attention to bill titles, one could happily vote for almost any bill put to a vote on the floor. Titles do not tell the complete story of a bill's provisions,...]]>