Market Regulation

Peter Schiff, John Stossel, Ron Paul, Rand Paul on Glenn Beck w/ The Judge

November 6th, 2009 11:24 pm  |  by Marc Gallagher  |  Published in Big Government, Constitution, Economics, FOX news, Free Market, John Stossel, Libertarianism, Liberty, Market Regulation, Money, Peter Schiff, Ron Paul, andrew napolitano, government spending, inflation, rand paul  |  1

Earlier today Judge Andrew Napolitano was the guest host on the Glenn Beck show. Four liberty-loving guests appeared on the show with the Judge. Peter Schiff, John Stossel, Ron Paul, and Rand Paul all appeared. When the Judge hosts Beck’s show it almost turns into an episode of Freedom Watch.

If you don’t know what Freedom Watch is then please check out http://freedomwatchonfox.com/. It’s an online only show hosted by the Judge catering to freedom-loving people everywhere.

Check out the excellent discussions from the show today below.

Ron Paul talks elections, economy, health care and more on Fox

November 4th, 2009 9:00 pm  |  by Marc Gallagher  |  Published in Activism, Big Government, Constitution, Economics, FOX news, Federal Reserve, Free Market, Health Care, Liberty, Market Regulation, Money, Ron Paul, congress, government spending, inflation  |  0

Ron Paul appeared on Fox Business News tonight with David Asman on the “Nightly Scoreboard”. They discussed several topics in a nearly 10 minute segment. As usual, Ron Paul just delivers the truth.

DownsizeDC.org: Will you survive the 1,900 page tumor?

November 2nd, 2009 12:03 pm  |  by Mike Miller  |  Published in Activism, Big Government, DownsizeDC.org, Health Care, Liberty, Market Regulation, Politics, congress, fascism  |  0

D o w n s i z e r – D i s p a t c h


It seems like the more the American people demand that Congress slow down and read its bills, the more Congressional leaders arrogantly counter with mammoth legislation they want to pass in a hurry.

The latest example is the 1,900 page healthcare monstrosity the House leadership unveiled last week. They want a vote on it this week!

I believe they’re overreaching, and helping to build our movement.

Please send Congress a letter demanding that they introduce and pass DownsizeDC.org’s Read the Bills Act.

This is what I wrote in my personal comments . . .

Congress passed the Patriot renewal bill in 2006, only to discover later that someone had inserted a provision allowing the President to appoint U.S. Attorneys without Senate approval. This year, Congress passed the stimulus bill with the AIG bonuses.

Nearly everyone in Congress was shocked when they learned what they had passed. This happened because Congress didn’t read these bills before they voted on them. This is irresponsible.

Read More »

Republicans are losing the health care debate

October 30th, 2009 7:33 pm  |  by Marc Gallagher  |  Published in Big Government, Civil Liberties, Commentary, Free Market, Health Care, Liberty, Market Regulation, Maven Commentary, Socialism  |  2 Responses

The House Democrats released their latest attempt at a health care bill yesterday. Feel free to read all 1990 pages of it here in PDF form. I’ve been perusing it all day long because I, apparently, enjoy pain. So much pain that I’m starting to feel sick. Man, they better pass this bill soon or I may die.

Well, that’s what they want you to think. I want to know why the debate is now all about whether or not there should be a public option and little else? This shows us how Obama and his fellow looters are now firmly in the lead on this debate. The argument is no longer about whether we should have the government more involved in health care, but whether the government should provide health care.

The question is no longer “why are we doing this?” Instead, the question is “how do we do it?”

If Pelosi has her way, this is how:

The new House proposal is similar to one drafted by Democrats months ago. It requires Americans to buy health insurance by 2013 or pay a fine, creates a government-run program similar to Medicare to compete with private insurers and lets 15 million additional people enroll in Medicaid by easing eligibility requirements.

But in an effort to make the bill more appealing to moderates in her party, Pelosi altered some of the fine print. The proposed government-run “public option,” for instance, would negotiate for how much to pay doctors and hospitals rather than relying on government-set rates, as Medicare does.

Echoing concerns raised by his Republican colleagues, Rep. Dave Camp of Michigan said the bill’s heft, at 1,990 pages, indicated how it would expand the government’s role in health care: “Families will face higher taxes,” he said.

Replacing the above word “higher” with “astronomical” would be more honest. One need not read past page 4 (3d) to find the most offensive words to free market liberty loving Americans:

initiates shared responsibility among workers, employers, and the Government; so that all Americans have coverage of essential health benefits.”

The word “initiates” should be replaced with the more honest word, “forces”. This phrase is a pure unadulterated call for socialism. When you force someone to share, it’s no longer sharing. It is theft, well-intended theft, but theft nonetheless.

Why do we get put in jail if we steal money to give to the poor yet it is perfectly fine for the government to do it without repercussions? I suppose the answer is: they own the jails.

Why do we get put in jail if we murder someone yet it is perfectly fine for government troops to kill people?

Are government humans more special than civilian humans? They seem to be able to operate outside the scope of morality.

The bill would establish a new federal government department inappropriately called the “Health Choices Administration” with the “Health Choices Commissioner” at the head. I can’t wait for their ad slogan to come out: “The Health Choices Administration: Be Nice, we can choose whether you live or die!”

Under this bill the Health Choices Commissioner has the power to regulate a new “market” they call the “Health Services Exchange”. This is the so-called new “free market” where the government public option health care is to compete with private health insurers. Yet somehow this is supposed to allow private insurers to compete on a level playing field? Please.

This bill becoming law would signal the end of private health insurance. It is only a matter of time before the public option will be the only option.

The government owns the jails now. The government tells you what you can put in your body. With socialized medicine the government is just continuing its assault on individual liberty. There is no “I”, only “We”.

Government outlaws free health care

October 30th, 2009 1:37 pm  |  by Mike Miller  |  Published in Big Government, Health Care, Liberty, Market Regulation, Politics, law  |  0

As noted in a story by James W. Harris at The Advocates for Self-Government, a group that wants to provide free medical care to out nation’s poor is being blocked by government bureaucrats:

An organization of volunteer doctors and other health care professionals wants to provide free medical care to tens of thousands of poor people across America.

But — incredibly — government bureaucrats won’t let them.

That’s the extraordinary story told by journalist David Freddoso in the Washington Examiner newspaper.

The article begins this way:

“Stan Brock just wants to help. The former co-star of ‘Wild Kingdom’ wants to deliver free medical, dental and vision care to the poor. … Brock simply wants to provide care free of charge, at the hands of unpaid volunteer doctors and dentists using donated equipment.

“Brock’s group, Remote Area Medical, wants to bring its services to Washington [D.C.], and soon. He wants his volunteer eye doctors to grind new glasses on the spot for those having trouble seeing.

“He wants his dentists to pull rotten teeth and perform root canals in badly neglected mouths. He wants to give checkups and HIV tests to the uninsured and the underinsured. No questions asked.

“The only question is whether the bureaucrats will let him do it.”

Continue the story

Hair of the Dog

October 30th, 2009 1:19 pm  |  by Mike Miller  |  Published in Big Government, Debt, Market Regulation, Money, Peter Schiff, Politics, government spending  |  0

by Peter Schiff, president of Euro Pacific Capital and author of Crash Proof 2.0: How to Profit from the Economic Collapse

The GDP numbers out yesterday, which showed economic growth at 3.5% in the third quarter, brought a deafening chorus from public and private economists who all agreed that the recession is officially over. With such a strong report, they are happy to tell us that not only has the Fat Lady finished her aria, but she has left the building and is sipping champagne in the bath. As usual, it falls on me to rain on the parade.

Even the giddiest commentators admit that the upside GDP surprise resulted almost entirely from government interventions. But, by pushing up public and private debt, expanding government, deepening trade deficits, and pushing down savings rates, these interventions have succeeded only in putting our economy back on an unsustainable path of borrowing and spending. Accordingly, they have prevented the rebalancing necessary for long-term health. Could there be a simpler illustration of trading long-term pain for short-term gain?

Rather than asking these pre-K economists to make such a three dimensional leap, it may be easier just to give them a brief history lesson.

During the decade that corresponds to the Great Depression, annual GNP expanded for six years and contracted for four. After nose-diving in the early years of the decade, GNP turned positive in 1934 and then logged three more years of solid growth (the four year average annual growth rate was 8.5%). But does anyone really believe the Great Depression ended in 1934, when the economy first stopped contracting? Unemployment reached 19% in 1938, nearly the peak of the entire Depression, almost a full decade after the stock market crashed! Why will we be so much luckier this time around?

Read More »

Ron Paul vs. Michael Moore on Larry King

October 29th, 2009 11:08 pm  |  by Marc Gallagher  |  Published in Big Government, Civil Liberties, Commentary, Constitution, Foreign Policy, Free Market, Health Care, Liberty, Market Regulation, Ron Paul, War, congress, terrorism  |  23 Responses

Ron Paul appeared on Larry King Live tonight following Michael Moore to refute (and agree) with some of what Moore said. It was a very good appearance by Paul. He spoke about health care, foreign policy, and the difference between capitalism and corporatism.

Check it out below.

Ron Paul asks Timothy Geithner some questions today on Capitol Hill

October 29th, 2009 7:01 pm  |  by Marc Gallagher  |  Published in Banking, Big Government, Commentary, Economics, Federal Reserve, Market Regulation, Money, Ron Paul, government spending, inflation  |  5 Responses

Ron Paul questioned Treasury Secretary Timothy Geithner today on Capitol Hill. Both men seemed to be talking past each other a bit. Geithner reminds me of a friend who never gives you a concrete answer; thus, he is perfect for his position as tax collector. I cannot resist asking the question… what is going on with his hair? Did it always look like that or is it just due to poor video quality?

The End of Statism (after its rise)

October 29th, 2009 1:33 pm  |  by Mike Miller  |  Published in Big Government, DownsizeDC.org, Economics, Health Care, Liberty, Market Regulation, Obama, Politics, REAL ID, Socialism, congress, government spending  |  0

D o w n s i z e r – D i s p a t c h


Quotes of the Day:

“The State is that great fiction by which everyone tries to live at the expense of everyone else.” — Frederic Bastiat, French economist of the 19th Century

“How did I go bankrupt? Two ways. Slowly, and then all of a sudden.” — paraphrased from “The Sun Also Rises” by Ernest Hemingway

“May you live in interesting times.” — a proverbial Chinese curse


President Bush and the Republican Congress expanded government more than any administration in history. They also laid the basic foundations for a future police state. Now, President Obama and the Democratic Congress have . . .

  • Retained, and in some cases expanded, all the Bush-era policies — the wars, the PATRIOT Act, warrantless spying, REAL ID, imprisonment without due process, extraordinary rendition, etc.
  • Begun to extend the already existing foundations for a future socialist state with things like direct government ownership of businesses, the health care bill, cap and trade, and a host of other measures big and small

Put the Bush and Obama policies together, sprinkle in a couple more terrorist attacks, and one or two more state-caused financial calamities, and you have a recipe for . . .

  • The destruction of American liberty
  • The blossoming of a Leviathan State

Read the signs . . .

We are living through a Statist revolution.

Statism is a mindset that prefers coercion to cooperation. Statists love the State because they are blind to its fundamental nature . . .

  • The State is a monopoly that you cannot easily fire, replace, or even control
  • Everything the State does relies on coercion

If you decide that . . . Read More »

Dollar Forced to Abdicate

October 23rd, 2009 3:23 pm  |  by Mike Miller  |  Published in Big Government, Economics, Market Regulation, Money, Peter Schiff, Politics, government spending, inflation  |  1

by Peter Schiff, president of Euro Pacific Capital and author of Crash Proof 2.0: How to Profit from the Economic Collapse

For the most part, the value of the dollar is given cursory attention by the financial media. Typically, its movements are assigned an importance on par with much less determinative metrics such as natural gas futures and construction permits. It’s only when major milestones are reached that anyone really takes notice of the dollar. We are living through one of those times.

The great dollar rally of 2008-2009 has come full circle. When the financial crisis exploded in its full ugliness in mid-2008, the dollar, which had steadily declined over the previous four to five years, put in a rally for the record books. By March 2009, as investors across the world sought safety from the financial storm, the index had surged more than 25%. Since then, the dollar has steadily declined to the point where nearly all those gains have vanished. In short, the panic rally has given way to the long term trend.

So, as the dollar index makes fresh 52-week lows on a nearly daily basis, discussion on the greenback is heating up. And while real insight on the topic is hard to find, the debate centers on the battle between two conventional opinions – both of which are wrong.

The first camp, which is generally supportive of government intervention in the economy, argues that dollar’s decline is a positive for both the economy and the stock market. The second camp, which tends to fall on the more conservative end of the political spectrum, views the dollar’s decline as a problem but feels that tough talk and slightly higher interest rates are all that is needed to restore ‘King Dollar’ to its throne.

First of all, a weak dollar is no better for Americans than a lower paying job is for a worker. And although I would prefer that the dollar remain strong, I know that currency values are a function of supply and demand, not wishful thinking. The past years of reckless monetary and fiscal policy have created conditions that must push the dollar down. Vastly expanded debt levels and monetary expansion have created a greater supply of dollars, while poor investment performance and diminished industrial capacity have lessened the demand for dollars.

Read More »