I’ll admit I’m prejudiced. I think Ron Paul, the maverick Republican/Libertarian congressman from Texas, is the best friend we taxpayers have had in Washington for, oh, the past hundred years or so. So when Ron agreed to grant me an interview on his efforts to abolish the Federal Reserve, I jumped at the chance.
The hype is always better than the real thing.
Boston’s Big Dig sounded like a half-decent project in the beginning. Approved in 1982 with a price tag $2.6 billion, it was completed, however, more or less, in 2005 at a price of $22 billion.
Private industry and governments around the world have spent trillions of dollars in the name of saving our planet from manmade global warming. Academic institutions, think tanks and schools have altered their curricula and agenda to accommodate what was seen as the global warming "consensus."
Turner Movie Classics on February 27th showed its viewers My Son John, a 1952 film that Robert Osborne advised his audience had been deliberately put out of circulation since soon after it was released. In his introduction to the film, Osborne acknowledges that the film’s stars and producers were first rate. The cast included Helen Hayes, Van Heflin, and Robert Walker. Osborne also makes it clear that the film is an embarrassment to the film industry, full of childish anti-Communism and the foolish paranoia of America in the 1950s.
The good news on the economy this month, according to news reports, is the modest level of inflation. On this matter, CNN reported that consumer prices "rose 2.6% during the past twelve months, according to a report from the Labor Department." But the real headlining statistic was "core CPI," watched closely CNN says, "because it strips out volatile food and energy prices." Core CPI was up overall for the past year by 1.6 percent, but in a surprise for the month of January, it fell 0.1 percent.