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Blog: The Adventures of Citizen X
Citizen X is the quintessential freedom loving American. He is you and me. Join him as he searches for his lost liberties in the land of the free.
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A racket is best described, I believe, as something that is not what it seems to the majority of the people. Only a small "inside" group knows what it is about. It is conducted for the benefit of the very few, at the expense of the very many. Out of
I was reminded of Animal Farm recently when I flew into my home airport. As I was walking to the parking lot, I noticed a very nice, expensive car parked in the “Authorized Cars Only” area of the airport. This parking area is much closer to the termi
So you wanna learn about Austrian economics and logic, as well as getting the real scoop on history. This is the place to start.
Entered By: Glenn Jacobs
"Governments don't live together. People live together."--Clint Eastwood in The Outlaw Josey Wales
With the announcement of QE3, the Fed just doing what central banks do. Someday, the market will do what it does, too--destroy the malinvestment and bubbles the central bank creates.
We may well be facing a Malthusian catastrophe--in which the world's population proves unsustainable in regards to the resources available--in the near future. But it won't be the fault of the free market.
The prime task of education, then, is not simply abstract insight into governmental "errors" in advancing the general welfare, but debamboozling the public on the entire nature and procedures of the despotic State.
Entered By: Glenn Jacobs
Forget about national poll results, it's the electoral college that counts.
Entered By: Glenn Jacobs
Don't let this fall down the memory hole, and read America's Great Depression to see how Ryan (and almost everyone else) is mistaken about Hoover's supposed "do nothing" approach to the Great Depression.
Entered By: Glenn Jacobs
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Despite all ofthe Federal Reserveʼs interventions, the U.S. economy remains moribund. To borrow a term from Lord Keynes, the Fed is “pushing on a string.”
"...That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it..."--the Declaration of Independence
Entered By: Glenn Jacobs
The Golden Revolution looks at how the world is rapidly moving toward some form of global metallic standard, in which money, at least in official, international transactions, is linked directly to gold, silver, or both.
Entered By: Glenn Jacobs
Despite all of the Federal Reserve’s interventions, the U.S. economy remains moribund. To borrow a term from Lord Keynes, the Fed is “pushing on a string.” What is a central planner to do?
The US has pressured SWIFT, the international financial messaging service, to drop Iran from its network. According to legendary gold investor Jim Sinclair this will backfire with dire consequences for the dollar.
Entered By: Glenn Jacobs
An unconventional documentary that lifts the veil on what's REALLY going on in our world by following the money upstream -- uncovering the global consolidation of power in nearly every aspect of our lives.
Entered By: Glenn Jacobs
From the 1981 movie Rollover. The risk of inflation or confiscation of pension funds.
Entered By: Glenn Jacobs
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Freed from the constrains of any link to gold, the Fed was free to inflate at will. Within five years, the nation was in the grips of a horrendous stagflation--high inflation amid an economic downturn--something that the Keynesian economic paradigm c
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The American Revolution began long before the Declaration of Independence was adopted on July 4, 1776 or even before the warʼs first shots were fired at Lexington and Concord a year earlier on April 19, 1775.
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Our goal is to free as many minds as we can.
"Financial repression includes directed lending to government by captive domestic audiences, caps on interest rates, regulation of cross-border capital movements, and a tighter connection between government and banks." PDF download.
Entered By: Glenn Jacobs
Veterans for Peace has issued the following statement concerning the war in Libya.
The Billion Prices Project is an academic initiative that collects prices from hundreds of online retailers around the world on a daily basis to conduct economic research. We currently monitor daily price fluctuations of ~5 million items sold by ~300
Entered By: Glenn Jacobs
Labor unions have been defined as "private combinations of workingmen" that try to increase wages and improve working conditions for members. But how? What means do labor unions use? As Henry George suggests, trade unionists are hardly known for thei
Entered By: Glenn Jacobs
Another great short video illustrating the foundational concept of libertarian philosophy: self-ownership.
Entered By: Glenn Jacobs
Three years ago, the International Monetary Fund was irrelevant, an object of derision for all opponents of globalization. Under director Dominique Strauss-Kahn and as a result of the global economic crisis, the IMF has since become more influential
Entered By: Glenn Jacobs
A motorcycle accident claimed the life of Tennessee Liberty Alliance president Fred Childress this past Saturday. Fred was a dedicated, principled libertarian and a good friend.
I don't think so, but this website makes for some interesting reading.
Entered By: Glenn Jacobs
I ran into Congressman Barney Frank at the Boston airport today. We had an interesting conversation.
Harold Ford, Jr. (D-TN), "we may need a second stimulus."
We must,
therefore, emphasize that "we" are not the government;
the government is not "us." The government does not in
any accurate sense "represent" the majority of the people.
In 1834, the Second Bank of the United States headed by Nicholas Biddle caused a recession to try to force President Andrew Jackson to re-charter the bank. With Ron Paul's H.R. 1207 gaining momentum, the Fed threatens to resort to the same tactic.
Thomas
Paine: “He that would make his own liberty secure, must guard even his
enemy from opposition; for if he violates this duty he establishes a
precedent that will reach himself.” In other words, be careful what
you ask the government to do because it may do it to you.
Government--the anchor store of the new economy.
The Toxic Twins of Steve Tyler and Joe Perry ain't got nothing on the Toxic Trio of Tim Geitner, Alan Greenspan, and Ben Bernanke. Unlike Tyler and Perry, who mainly hurt themselves with their actions, the Toxic Trio is proving lethal to the hea
Americans are ready to grab the torches and pitchforks and march on the AIG headquarters. They should turn their anger toward Capital Hill.
According to author Boston T Party federal agents are encouraging book stores to stop carrying his Boston's Gun Bible which many firearms enthusiasts consider the best gun book ever written.
Twelve horses were taken in the raid but questions abound about the legality of the raid. Was this raid politically motivated?
According to the United States Constitution, “all legislative Powers herein granted shall be vested in a Congress of the United States.” The President, on the other hand, is vested with executive power, meaning that his office is supposed to enforce
President-elect Barack Obama claims his economic stimulus plan will create over 3 million jobs. How did he arrive at that number? Well, his economic team fell into a hole and figured a way out.
Ron Paul explains how we got into this mess at a House Financial Services Committee meeting. Where was Ben Bernanke?
Just as the global warming crowd bases their climate predictions on the use of computer models, Keynesian economists try to explain economic activity using mathematical formulas. As Nobel Prize winner Paul Krugman explains in his new book, The Retur
Entered By: Glenn Jacobs
Every bust cycle requires more government spending than the previous cycle to achieve the same stimulus effect.
Entered By: Glenn Jacobs
President-elect Obama proposes over $300 million in tax cuts but also proposes massive spending increases. Schemes such as this don't reduce the tax burden; they just shift it from direct taxation to the indirect tax of inflation.
