Monday, October 26, 2009

Palin backs 3rd-party candidate in NY House race

Palin backs 3rd-party candidate in NY House race

Former Republican vice presidential candidate Sarah Palin said her party has abandoned its values and has endorsed a third-party candidate over the GOP-backed contender in New York's congressional special election.

Friday, October 23, 2009

Saturday, October 17, 2009

How is Goldman Sachs making so much money as the economy tanks? : The Answer

How is Goldman Sachs making so much money as the economy tanks? : The Answer

Friday, October 16, 2009

Recession Will Be 'Full-Blown Depression': Strategist


Recession Will Be 'Full-Blown Depression': Strategist

This global recession will turn into a "full-blown depression," Nicu Harajchi, CEO of N1 Asset Management, said Friday, adding that global stimulus hasn't come down to Main Street.

Wall Street is making money, while consumers aren't, Harajchi told CNBC.

"We have seen the G20 coming out with cross border capital injections of $5 trillion this year… But a lot of this money hasn't really come down to Main Street," he said.

Thursday, October 8, 2009

What it feels like to be a libertarian


What It Feels Like To Be A Libertarian

John Hasnas
Associate Professor
McDonough School of Business
Georgetown University

Political analysts frequently consider what it means to be a libertarian. In fact, in 1997, Charles Murray published a short book entitled "What It Means to Be a Libertarian" that does an excellent job of presenting the core principles of libertarian political philosophy. But almost no one ever discusses what it feels like to be a libertarian. How does it actually feel to be someone who holds the principles described in Murray’s book?

I’ll tell you. It feels bad. Being a libertarian means living with an almost unendurable level of frustration. It means being subject to unending scorn and derision despite being inevitably proven correct by events. How does it feel to be a libertarian? Imagine what the internal life of Cassandra must have been and you will have a pretty good idea.

Imagine spending two decades warning that government policy is leading to a major economic collapse, and then, when the collapse comes, watching the world conclude that markets do not work.

Tuesday, October 6, 2009

UN calls for new reserve currency

UN calls for new reserve currency

The United Nations called on Tuesday for a new global reserve currency to end dollar supremacy which has allowed the United States the "privilege" of building a huge trade deficit.

"Important progress in managing imbalances can be made by reducing the reserve currency country?s 'privilege' to run external deficits in order to provide international liquidity," UN undersecretary-general for economic and social affairs, Sha Zukang, said.

Speaking at the annual meetings of the International Monetary Fund and World Bank in Istanbul, he said: "It is timely to emphasise that such a system also creates a more equitable method of sharing the seigniorage derived from providing global liquidity."

Thursday, October 1, 2009

Libertarian Group To Sue Administration for Failing to Disclose Global Warming Docs


Libertarian Group To Sue Administration for Failing to Disclose Global Warming Docs

ABC News' Matt Jaffe & Jake Tapper report:

A libertarian non-profit organization in Washington today announced it was filing suit against the Obama administration for failing to adequately disclose global warming documents.

As we reported two weeks ago the Competitive Enterprise Institute deemed inadequate the Treasury Department's response to a Freedom of Information Act request for documents on cap-and-trade.

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Nick Sorrentino is the Editor of The Liberty and Economics Review and CEO of Exelorix.com a social media management company.