piggy bankIn Robert J. Samuelson’s latest op-ed piece for the Washington Post, “Could America Go Broke?”, the longtime editor and economic and business writer — who can normally be counted upon to prescribe the usual Keynesian claptrap for our sundry economic woes — actually flirts with common sense. In his piece, Samuelson dares to ponder the unthinkable: What if the rest of the world lost confidence in the viability of the dollar, and America could no longer service her fourteen-figure national debt by printing more money?

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.

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