Fed Predictions Flounder: Hayek Once Again Vindicated

Recently President Obama has been touting the “great economic recovery” that has been supposedly ushered in under his presidency. An interest rake hike coming out of the Federal Reserve this month would be the icing on the cake for this politically delicious narrative. All the signs of one happening were there: steady increases each month in the…

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Ted Cruz Is Right About The Gold Standard

By R. Brownell At Wednesday night’s debate, Senator Ted Cruz noted that he has “deep concerns” about the Fed and apart from auditing it, proposed a plan for returning to sound money: “I think the Fed should get out of the business of trying to juice our economy, and simply be focused on sound money and monetary…

Should America’s tent cities be called “Obamavilles”?

As the economy continues its downward spiral, some Americans are starting to seek refuge in modern-day Hoovervilles, communities of people living in makeshift shelters. Shanty towns during the Depression era were christened Hoovervilles by DNC publicity chief Charles Michelson, who aimed to depict President Hoover, and the Republican Party in general, as the cause of…