David Stockman On Why Financial Reporting Is So Bad

The United States became the economic wonder of the world—producing real wealth and earned prosperity for a higher percentage of her people than probably any nation in all of history—by actually making and selling stuff. We were largely free to work, and to benefit from our efforts. Now, the Federal Reserve has enabled the financial sector to grow its slice of the pie, not by providing real goods or services, but by setting up tollbooths on the economic highway. Charles Hugh Smith is probably Read more […]

Without Freedom There Would be No Pencils

In a chapter entitled “Opportunity: The Great Art of Life?” from his book, How Do We Know?, Leonard Read writes the following: Opportunities are indeed rare in countries where one cannot act creatively as he or she pleases. Rare, too, are opportunities for you or me that are beyond the range of our potentialities or talents. Astronomy is no more within my range than is the making of an ordinary wooden lead pencil. And, all too rare are the astronomers—or those who have a part in pencil-making Read more […]

Is Immigrant Amnesty a Conservative Policy?

Latinos are religious, morally conservative, and tend disproportionately to join the military. They also tend to be hard working and entrepreneurial. Do we really have too many of them? Do we really want to pack them up, forcibly, by the millions in the greatest forced migration in human history? How many are there, 15, maybe 20 million? No one has ever moved 15 million people against their will. No one has ever moved half that many without concentration camps, forced marches of one form or another Read more […]

Why Gun Ownership is a Right and a Duty

Milton Friedman (1912–1986), free market economist and author who schooled Phil Donahue on national television about capitalism and the freedom of the market place, would have turned 100 years old on July 31st of this year. Friedman’s calm demeanor, as he put the arrogant, know-it-all, and multimillionaire talk show host in his place, is a thing of beauty. If you haven’t seen it, then you are in for a real treat. It’s less than 3 minutes in length and worth every second: The last Read more […]