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"The most dangerous man to any government is the man who is able to think things out... without regard to the prevailing superstitions and taboos. Almost inevitably he comes to the conclusion that the government he lives under is dishonest, insane, intolerable."
--H.L. Mencken
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Bernanke's Great Lie
by Jake Towne
The purpose of the following is to argue that the "gold standard," as understood by most of the public, did not cause or worsen the Great Depression as current FED Chairman Ben Bernanke has based many of his papers, speeches, and, to a large extent, his entire career on.
In our contemporary times, I do believe this blame must be firmly rejected and monetary policy should, at the very least, be debated in a national forum. Indeed many other economists, such as the Friedman family, Anna Schwartz, Alan Greenspan, and Jeffrey "Shock Doctor" Sachs, have all propagated this lie.
(read more here)
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Obama on Gaza: No Comment
by Joshua Frank
Reiterating the rationale that Israel's bombing of Gaza was an act of retaliation and not of aggression, Axelrod, on behalf of the Obama administration, continued to spread the same misinformation as President Bush: that Hamas was the first to break the ceasefire agreement, which ended over a week ago, and Israel was simply responding judiciously.
Aside from the fact that Israel's response was anything but judicious, the idea that it was Hamas who broke the six-month truce is a complete fabrication.
(read more here)
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Madoff and our Ponzi Economy
by Peter Schiff
Madoff's inspiration came from Charles Ponzi, the Italian-born American immigrant who promoted an investment plan in the early 1900s' that traded postal coupons. Rather than paying investors from legitimate investment returns, Ponzi hit upon the innovative idea of paying out early investors with money collected from new investors. By creating an illusion of success, interest in his investment plan ballooned. Over time the schemes have become known by many other names, such as chain letters or pyramid schemes. They are united by the fact that they always fail in the end.
A chain letter is no more viable when run by governments than when run by private citizens. However, government orchestrated pyramids have the advantage of required participation. As a result, they can maintain the illusion of viability for several generations. But the longer such schemes operate the larger will be the losses when they ultimately collapse.
(read more here)
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Gaza: The Untold Story
by Ramzy Baroud
It's incomprehensible that a region such as the Gaza Strip, so rich with history, so saturated with defiance, can be reduced to a few blurbs, sound bites and reductionist assumptions, convenient but deceptive, vacant of any relevant meaning, or even true analytical value.
The fact is that there is more to the Gaza Strip than 1.5 million hungry Palestinians, who are supposedly paying the price for Hamas's militancy, or Israel's 'collective punishment', which ever way the media decide to brand the problem.
(read more here)
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The Crisis in 10 Points
by Bob Stewart, Mises.org
The 2007-2008 financial crisis had its genesis in the United States housing markets, but it rapidly spread to other economies, first to the United Kingdom, but then almost everywhere else, including such unlikely spots as Iceland whose banking system collapsed.
Because events in the United States triggered the crisis, this essay will concentrate on the US causes although they had their many counterparts elsewhere.
There are at least three long-standing background influences that contributed to the financial debacle that dominated the US economy in 2008 .
(read more here)
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Copyright 2008, The Populist Party of America
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