Commentary

jobsAccording to the White House on October 30, the $787-billion stimulus plan has created or saved about one million jobs, but that number is conveniently unverifiable. There is simply no way to know with certainty how many workers would have lost their jobs without the stimulus. And of course, the admininstration-supplied estimate does not even take into account how many jobs may have been lost because of the stimulus program, ignoring the fact that the "stimulus" money that was used to create jobs in certain government-favored sectors of the economy had to be siphoned out of the economy as a whole, destroying jobs elsewhere.

Wall StreetLess than a week after Federal Reserve Chairman Ben Bernanke urged Congress to act with dispatch to pass new legislation giving the Fed and the Federal Government more surveillance powers and control over the financial sector, the Obama administration has unveiled a bill that, if passed, would put most of Bernanke’s proposals into effect.

Job fairNews that  another 263,000 jobs were lost in September has led a number of uninformed analysts to wonder whether the recession will continue.

ron paulRon Paul is clearly on a political roll. He's got his new book End the Fed running toward the top of the bestseller lists (#6 on both the Amazon and the New York Times bestseller lists), and last night he promoted the book on Comedy Central's Daily Show with Jon Stewart.

globe squeezedThe G-20 Pittsburgh summit is over, and the Steel City is returning to normal. For the rest of the world, however, the latest gathering of leaders of the world’s 20 strongest economic powers is likely to mark a turning point towards more comprehensive international regulation and control over finance and banking.

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