I have a very bad feeling about things lately. Right now, the yields on two-year and 10-year Treasury notes are at 4.065 and 4.17%, respectively

Jude Wanniski, my favorite supply-sider, has passed away. A great moment for me was when I received a “fan letter” from Jude, a few years back, and we occasionally corresponded since that time. His website refers to him as “one of the great contrarians of our time,” and Norm Singleton sums it up nicely: “The [...]

I might be few more days to blogging again. I am having some strange errors, at times, plus, I have my blogmaster working on updating my Movable Type; cleaning up myriad blog things; and generally, just bringing the blog up to all the latest and greatest. This will precede my total website update and redesign, [...]

Another authority claimed by the oppressive hand of government: The U.S. Government has the authority to prohibit the private possession of gold and silver coin and bullion by U.S. citizens during wartime, and, during wartime and declared emergencies, to freeze their ownership of shares of mining companies, the Treasury Department has told the Gold Anti-Trust [...]

Rothbard’s Origins of the Welfare State in America examines what gave rise to the welfare-redistributionist mindset in America’s 19th century and onward. Yankee postmillennial pietism, according to Rothbard, is one of the the earliest ideologies spreading statism as we understand it in the modern sense. Richard Ely, John Rogers Commons, and John Dewey were, as [...]

From the neocons at the Heritage Foundation: Iran has a new president we don’t like; time to bomb.

A worthy rant from Capitol Hill Blue: Reality, however, will not stop the dwindling numbers of Bushites from defending their failed leader to the end

F.W. Taussig’s A Tariff History of the United States is available online, now, courtesy of the usual suspect: the Mises Institute. This is the 1910 revised fifth edition, with additional material on the 1909 Payne-Aldrich Act. The Republican Party, of course, has been the forerunner in regards to launching oppressive, protective tariffs. There was Lincoln [...]

Nancy Reagan would be appalled! Like pardons and executive orders, vetoes are among the cherished privileges of the Oval Office. Ike liked them. So did presidents Truman and Cleveland – and both Roosevelts. But apparently not George W. Bush. In fact, well into the fifth year of his presidency, he has yet to issue a [...]

I’m currently reading Junk Bonds: How High Yield Securities Restructured Corporate America, by Glenn Yago. This is an insightful study about junk bonds and economic growth. Yago argues that, pre-Milken, much of corporate America had no access to long-term capital and thus did Michael Milken offer ungraded securities for companies that could not yet obtain [...]