Thomas Jefferson on the Bailouts and Fed

“I consider the foundation of the Constitution as laid on this ground that ‘all powers not delegated to the United States, by the Constitution, nor prohibited by it to the states, are reserved to the states or to the people.’ To take a single step beyond the boundaries thus specially drawn around the powers of  […]

Call Your Congressman

Here are the numbers… We beat it once, but the second time is always the hardest. Sen. Bayh: 202-224-5623 or 317-554-0750 Rep. Burton: 202-225-2276 or 317-848-0201 Rep. Buyer: 202-225-5037 Rep. Carson: 202-225-4011 Rep. Donnely: 202-225-2915 Rep. Ellsworth: 202-225-4636 Rep. Hill: 202-225-5315 Sen. Lugar: 202-224-4814 or 317-226-5555 Rep. Pence: 202-225-3021 Rep. Souder: 202-225-4436 Rep. Visclosky: 202-225-2461 […]

Give the Taxpayer Second Tier Loss, not First

I swear, I could almost teach an econ course after the last two weeks. I will be so glad when politics goes back to less complicated issues, like lipstick and guns. One of the issues I worry about with the Paulson Plan is the actual execution of the plan. Are we really going to let […]

Some Scary Federal Powers for Paulson

Check out this blog post. Here is the scariest part: “Sec. 8. Review. Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency.”

The Party is Over

Pat Buchanan has a column you should read today. You’ve got to read the entire article, but: “Seizing on the crisis, the left says we are witnessing the failure of market economics, a failure of conservatism. This is nonsense. What we are witnessing is the collapse of Gordon Gecko (“Greed Is Good!”) capitalism. What we […]

Check This Out

I haven’t had a chance to watch this yet, but it seems like a video most of our audience would be interested in. This is a note from Melyssa Donaghy: Greetings Friends, I write to you only because I know you are liberty minded and can think independently.  I recently watched a documentary by Aaron […]

Can’t Grasp Credit Crisis? Join the Club

Can’t Grasp Credit Crisis? Join the Club This may not be comforting, but your confusion is shared by many people in the middle of this financial crisis. http://www.nytimes.com/2008/03/19/business/19leonhardt.html?ex=1363665600&en=35f7524e6da2b2eb&ei=5124&partner=permalink&exprod=permalink

Look for an Enormous Market Crash

http://www.thestreet.com/story/10407955/1/jpmorgan-chase-to-buy-bear-stearns.html Last Thursday, Bears was worth $50, and now it’s worth $2? Uh-Oh. That means that J.P.M.C./the Fed took a look inside Bears when they offered to bail-out Bears on Friday, and it’s bad. And if one of the largest investment banks in the U.S. is bad, then there may be more banks that are in […]