US Action News

America’s rogue government mercilessly squats atop its otherwise dynamic and productive people, excreting literally tens of thousands of wealth-killing laws and intrusive regulations every year. It is in no position to drag the world out of its current crisis.

A new survey of unemployed American workers documents dramatic erosion in the quality of life for millions of Americans.

2011 likely will open with a deepening recession, increasing austerity, and falling asset prices. I expect these developments not to happen gradually, but to come in great waves.

We hear of no “Plan B” to address the contradiction in terms that we may actually face: a welfare state bereft of an effective central bank.

Rep. Michele Bachmann on why she is against the tax cut spending boondoggle bill.

The Fed operated as a global pawnshop taking in practically anything the banks had for collateral.

“No major institution in the U.S. has so poor a record of performance over so long a period, yet so high a public reputation.” Milton Friedman (1988).

I think basically that the crash of 2007 through 2009 was only the first half of a much larger problem. I don’t want to say the worst is yet to come, but the second half may not be any more pleasant.

Destroy business confidence, cozy up to socialists abroad, send deficits through the ceiling ? that should do it.

Understanding that failed government policies, not market failure, caused our economic challenges is critical to defining the appropriate cures. Since government created the problem, i.e. caused the disaster, it is irrational to believe that more government is the cure.