Retired Texas Republican Congressman Ron Paul appeared on Fox Business Network’s (FBN) Stossel program to discuss the State of the Union Address made by President Barack Obama this week. Dr. Paul touched upon the circus that occurs at the annual event, the liberty lovers right now in Congress and the administration’s foreign policy. Dr. Paul […]
Archives for February 2013
Federal Reserve Vice-Chair admits unemployment rate higher than official figures
Speaking at the “A Trans-Atlantic Agenda for Shared Prosperity” conference sponsored by the AFL-CIO, Friedrich Ebert Stiftung and the IMK Macroeconomic Policy Institute in Washington on Monday, Federal Reserve Vice-Chair Janet Yellen admitted in her speech that the official unemployment rate of 7.9 percent is actually incorrect because of a variety of factors. According to […]
President Obama calls for $9 minimum wage in times of economic collapse
Delivering the State of the Union address Tuesday night in Washington, President Barack Obama espoused a large number of dreams he would like to see in the United States, but the question of if they’re obtainable or even realistic is debatable. One of his ideas includes increasing the minimum wage to $9 from $7.25 and […]
Paul Krugman: Gold obsession, hard money brought Hitler to power
Just when you thought that Paul Krugman couldn’t get anymore silly, he publishes an op-ed in the New York Times that states the infamous hyperinflation of 1923 in Germany wasn’t the primary cause of bringing Adolf Hitler to power. Instead, it was the policy of “hard money and gold obsession.” “No, the 1923 hyperinflation didn’t […]
U.S. government posts $3 billion budget surplus in January
The Treasury Department announced Tuesday that the United States federal government posted a $3 billion budget surplus in the month of January. According to Treasury officials, the surplus was due to a 16 percent increase in revenues, including the expiration of the temporary two percent payroll-tax cut at the end of 2012. Although the surplus […]