The recent financial crisis has spurred a multitude of reactionary editorials in the press, mostly calling for increased regulation of the financial sector and a bailout for the auto industry. This reflects economic illiteracy and a misunderstanding of the root causes of our current financial crisis. I think this ignorance is due partly to a reliance on our political leaders as ‘experts,’ when in fact most know little more than the basics when it comes to securities markets, the effects of deflation, or how fractional reserve banking impacts the economy.

With the economy worsening we can expect criminals to become more bold, and as we have seen: they don’t seem to be detered by cameras.

Might society actually be better off without the government forcibly intervening in socio-economic affairs at all?

I have just finished reading what I believe is one of the most important books in existence. The Creature from Jekyll Island by G. Edward Griffin is the story of the Federal Reserve System from its conception to its modern day form. The tale is one of collusion, subversion, criminal acts, and the destruction of American and world sovereignty for the gain of a few powerful men.

Ron Paul speaks about the fight for liberty as a global phenomenon in an interview by Hans Lysglimt.

Governor Sanford of SC went to congress recently and told them that he doesn’t need a bailout.

Don’t get me wrong, I am glad Barack Obama won, but not for the reasons you might suspect.

With the ever expanding financial problems in the US and the World, state governments are having trouble coming up with the money they have promised to the unemployed. Not least of which is New York State.

In the Keynesian framework, during a recession when consumers tend to lower their outlays, it is the duty of the government to step in and boost its expenditure. For instance, the government could employ various unemployed individuals to dig holes in the ground.

It’s almost Halloween and the kids are getting ramped up for the biggest sugar rush of the year. But the real trick-or-treaters will be in Washington.