By Robert Higgs | Friday February 20, 2009 at 7:56 PM PST | 8 Comments
For nearly a decade, Americans acted as though taking on more debt posed no problem. After all, they owned real estate, and all the experts told them that real-estate prices always go up. The mightiest magnates of finance acted as if they believed this stupid story—I say stupid because the merest child might easily...
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Tags: Bailouts, Business, Economics, Federal Reserve, Housing, Money and Banking, Politics, The State
By David J. Theroux | at 10:47 AM PST | 2 Comments
Check out cartoonist Mark Fiore’s hilarious, new animated video on Obama’s support for the U.S. government’s “state secrets,” rendition and torture program, “Chains We Can Believe In.” Under a rule of law, individuals are presumed innocent until convicted of harming others, and America was founded on the natural law principles that every person has...
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Tags: Bailouts, Budget and Tax Policy, California, China, Civil Liberties, Constitution, Criminal Justice, Elections, Humor, Iraq, Law, Money and Banking, Natural Law, Personal Liberty, Police, Politics, Presidential Power, The State, Torture, Video, War