Articles by Jake Towne

  • The Economy in Pictures - May 26th, 2010

    “He has erected a multitude of New Offices, and sent hither swarms of Officers to harass our People, and eat out their substance.” – Declaration of Independence, 1776 Originally published May 24, 2010 at http://towneforcongress.com/economy/the-economy-in-pictures-1 The below pictures were from a presentation given at yesterday’s “Towne” Hall.  I’ve added a few comments with documentation links.  […]

  • MELTUP - May 25th, 2010

    Previously, I wrote about “America’s Ridiculous Toy Money”, as pennies and nickels become worth more than their face value.  While I warned that the end result will be inflation by the printing press, the short term cannot be predicted.  Currency crises always involves psychological events.   Last week I attended a speech by a member […]

  • Nullification – The Forgotten Check on the Federal Government - May 20th, 2010

    “In questions of powers, then, let no more be heard of confidence in man, but bind him down from mischief by the chains of the Constitution.” – Thomas Jefferson Originally published May 21, 2010 at http://towneforcongress.com/economy/nullification-the-forgotten-check-on-the-federal-government-1 Yesterday, May 20th, I gave a short talk to the Concerned Citizens of Upper Perkiomen Valley for Smaller Government […]

  • America’s Ridiculous Toy Money - May 13th, 2010

    “I remember a German farmer expressing as much in a few words as the whole subject requires; ‘Money is money, and paper is paper.’” – Thomas Paine Originally published May 13, 2010 at http://towneforcongress.com/economy/americas-ridiculous-toy-money-1 America’s monetary situation is becoming fairly ridiculous.  This Monday, the Wall Street Journal carried “Will Nickel-Free Nickels Make a Dime’s Worth […]

  • Due Process is NOT a Hellfire Missile - May 8th, 2010

    “The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary.” – H.L. Mencken Originally published May 7, 2010 at http://towneforcongress.com/economy/due-process-is-not-a-hellfire-missile-a-message-for-congressman-charlie-dent-1 Yesterday Congressman Charles Dent, the incumbent in my congressional race, offered a […]

  • Dow Crashes, Gold Spikes - May 8th, 2010

    “Apres moi le deluge. After me, the deluge.” – Jeanne Poisson, Marquise de Pompadour, falsely attributed to King Louis XV Originally published May 6, 2010 at http://towneforcongress.com/economy/dow-crashes-gold-spikes-1 Today the Dow Jones Industrial Average crashed by nearly 1,000 points over several minutes before recovering.  About 800 points of the drop occurred in about 5 minutes. Meanwhile, […]

  • Comments on HR 2499, the Puerto Rico Democracy Act of 2009 - May 2nd, 2010

    Originally published May 3, 2010 at http://towneforcongress.com/economy/comments-on-hr-2499-the-puerto-rico-democracy-act-of-2009-1 HR 2499, the Puerto Rico Democracy Act of 2009, passed the House last week by a vote of 223-169.  If the bill passes the Senate and is signed by the President, this will authorize a two-stage public vote on the future political status of Puerto Rico (application to […]

  • One Step Closer to the End of the Yellow Brick Road - May 2nd, 2010

    “She was so old that she dried up quickly in the sun… But the silver shoes are yours, and you shall have them to wear.” – the Witch of the North, from Frank Baum’s 1900 “Wonderful Wizard of Oz” (p. 6/72) Originally published May 2, 2010 at http://towneforcongress.com/economy/one-step-closer-to-the-end-of-the-yellow-brick-road-1 Well, Technicolor changed the unforgettable color of […]

  • Does the Federal Reserve REALLY Control Interest Rates? - April 30th, 2010

    Originally published April 29, 2010 at http://towneforcongress.com/economy/does-the-federal-reserve-really-control-interest-rates-1 Many believe that the Federal Reserve controls interest rates.  But what if they do not? Here is a case for readers to decide on. The Federal Reserve, myself, and many others, have made the claim that the FED controls both the interest rates and supply of dollars and […]

  • Time to Sheathe the Sword - April 30th, 2010

    Originally published April 28, 2010 at http://towneforcongress.com/economy/time-to-sheathe-the-sword-1 “[America] goes not abroad, in search of monsters to destroy. She is the well-wisher to the freedom and independence of all. She is the champion and vindicator only of her own. She will commend the general cause by the countenance of her voice, and the benignant sympathy of […]