Bill Dudley’s Noble Lie
Former Federal Reserve official Bill Dudley claims the Federal Reserve bases its policies solely on an objective evaluation of economic conditions. This is an example of a so-called noble lie -- a fiction told by elites to the masses supposedly for the people's own good, but really designed to maintain popular support for policies that benefit the elites. Dudley
Forget the Russians: It’s the Federal Reserve Seeking to Meddle in Our Elections
Last week, the facade of Federal Reserve "independence" was dealt a severe blow. Ironically, the person who broadcast to the world that the Fed is anything but "independent" was ex-New York Fed President Bill Dudley. Dudley wrote that, "Trump's re-election arguab
Who Are The Real Extremists?
Proposals targeting individuals based on their political beliefs -- no matter how noxious they are -- are a step toward criminalizing those beliefs. If the government gains new powers to treat those with abhorrent beliefs as potential criminals, it will not be long before those powers are used against anyone who challenges the welfare-warfare status quo.
Are Recessions Inevitable?
Some economic commentators reacted to the inverted yield curve by parroting the Keynesian propaganda that recessions are an inevitable feature of a free-market economy, whose negative effects can only be mitigated by the Federal Reserve. Like much of the conventional economic wisdom, the idea that recessions are caused by the free market and cure
Endgame for the Fed?
The Federal Reserve, responding to concerns about the economy and the stock market, and perhaps to criticisms by President Trump, recently changed course on interest rates by cutting its "benchmark" rate from 2.25 percent to two percent. The Fed's action is an example of a popular definition of insanity: doing the same action over and over again and exp
Congress Spending Surge is National Suicide
With a national debt approaching $23 trillion and a trillion dollar deficit for this year alone, Congress last week decided to double down on suicidal spending, passing a two year budget that has the United States careening toward catastrophe. While we cannot say precisely when the economic cras
Will Persian Gulf ‘Tanker War’ Become a Shooting War?
The American people overwhelmingly do not want to go to war with Iran and the president wants to be re-elected. Will he return to the political base that elected him on promises of getting along with the rest of the world, or will he continue to follow his neocon advisors down the road
Conservatives Against Liberty
Recently several prominent social and populist conservatives have attacked libertarianism. These conservatives, some of whom are allies in the fight against our hyper-interventionist foreign policy, blame libertarianism for a variety of social and economic ills. The conservative attack on libertarianism -- like the attack on the freedom phi
Frog-Marching Trump Toward War on Iran
President Trump has a very serious decision to make. He is being frog-marched into war by his neocons and his Middle East "partners." He has very little time left to change course. If the neocons are not swept out immediately, he is risking both his second term and his legacy.
Media and Politicians Ignore Oncoming Financial Crisis
Unless Congress immediately begins making substantial spending cuts, America will soon face a major economic crisis. This crisis will likely involve the Federal Reserve's debt monetization resulting in a rejection of the dollar's world reserve currency status.
Boxed in by Neocons and the Media, Will Trump Launch Iran War?
President Trump did the smart thing last week by calling off a US airstrike on Iran over the downing of an American spy drone near or within Iranian territorial waters.
The War Crimes That Don’t Get Punished
"You go in fast and hard, you kill people, you hit them in the face and then you get out....We're going to hurt you and then we're going to leave. And if you want to be nice to America, we'll be nice to you. If you don't want to be nice to us, we're going to slap you again."
Hey Trump: Remember Wikileaks?
Last week in an episode of my daily Ron Paul Liberty Report we discussed whether the US and British government
Congress Fiddles While Trump Lurches Toward War on Iran
Trump's opponents on both sides of the Congressional aisle don't seem so enthusiastic about challenging the president when he actually does abuse his Constitutional authority to pursue a more aggressive policy overseas.
A Nuclear War? Over Venezuela?
Is President Trump about to invade Venezuela? His advisors keep telling us in ever-stronger terms that "all options are on the table" and that US military intervention to restore Venezuela's constitution "may be necessary." Secretary of State Mike Pompeo was on the Sunday news programs to claim that President Trump could launch a mi
Why is Maria Butina in Prison?
Russian gun rights activist and graduate exchange student Maria Butina was sentenced to 18 months in prison last week for "conspiracy to act as a foreign agent without registering." Her "crime" was to work to make connections among American gun rights activists in hopes of building up her organization, the Right to Bear Arms, when she retu
(Government) Spending is Theft
Imagine being robbed every time you receive a paycheck, but once a year getting some of the stolen money back because the thieves took more than they intended. Would you be happy about it? If you are like most Americans the answer is yes, since most people are grateful when they get a partial "refund" of the taxes the government withheld from their paychecks. A t
Julian Assange: Political Prisoner
Last week's arrest of Wikileaks publisher Julian Assange by the British government on a US extradition order is an attack on all of us. It is an attack on the US Constitution. It is an attack on the free press. It is an attack on free speech. It is an attack on our right to know what our government is doing with our money in our nam
Obamacare’s Unhappy Anniversary
Last month marked nine years since the Patient Protection and Affordable Care Act (popularly known as Obamacare) became law. Obamacare's proponents promised that the law would reduce costs, expand access, and allow us to keep our doctors if we liked our doctors. The reality has been quite different.
Since Obamacare was enacted, individual health insurance prem
Trump Tells the Truth: Sanctions Cause People to Suffer
This week President Trump admitted what the Washington policy establishment of both parties would rather be kept quiet. Asked why he intervened to block a new round of sanctions on North Korea, he told the media that he believes the people of North Korea have suffered e
Liberdon is a Mastodon instance for libertarians, ancaps, anarchists, voluntaryists, agorists, etc to sound off without fear of reprisal from jack or zuck. It was created in the wake of the Great Twitter Cullings of 2018, when a number of prominent libertarian accounts were suspended or banned.