The relationship between governments and the press has always been recognized as a matter of large importance. Wherever despotism abounds, the sources of public information are the first to be brought under its control. Where ever the cause of liberty is making its way, one of its highest accomplishments is the guarantee of the freedom of the press. It has always been realized, sometimes instinctively, oftentimes expressly, that truth and [...]
The Obama White House is drawing ridicule for appending the official online biographies of nearly every president over the last century in order to link President Obama’s accomplishments to the former commanders in chief.
The Obama team went into the pages of U.S. presidents dating back to Calvin Coolidge to add friendly looking “Did you know?” fact boxes to the end of their bios. Those additions were used to plug a [...]
Her body was found in a ‘remote area’ not far from where her vehicle was discovered on Sunday evening
Police are not sure if it is an isolated incident
Vermont police found a body in a remote area on Monday that they believe is that of a beloved teacher at a prestigious New England boarding school whose SUV was found running with her unharmed two-year-old inside.
The discovery sent shudders of grief and [...]
by Charles Hugh Smith from Of Two Minds
I Was Wrong About Everything
I was wrong: doing more of the same has solved all our problems.
Time for a mea maxima culpa: I’ve been wrong about everything: the stock market, the economy, globalization, energy, everything. Heck, I’ve even been wrong about the American diet and poor fitness; it’s now clear that ice cream sundaes are health food that have been shown to extend life dramatically. [...]
BY CHARLES C. JOHNSON
Eighty-eight years ago this week, Calvin Coolidge took office upon the sudden death of President Warren Harding. Like the current administration, the Harding-Coolidge administration faced a tough recession from 1919-1921. But unlike the current administration, the Harding-Coolidge and Coolidge-Dawes administrations cut taxes, balanced budgets and slashed government spending, reducing federal debt by over a third in a decade.
The economy grew, averaging [...]
Our duty is most distinctly not to monetize – or even be perceived as monetizing – the debt of fiscally imprudent government. Throughout the history of nations, monetizing the budgetary excesses of governments has proven to be a direct path to economic perdition. Having already peeked inside that door, I feel strongly that we must now shut it, lock it [...]
Main Street Responds to the Wall Street Manifesto
Main Street America has issued a point for point rebuttal to the Wall Street Manifesto, with a manifesto of its own. Each paragraph of the original Wall Street Manifesto is reprinted below and is immediately followed by Main Street’s rebuttal in italics.
We, the bankers of these United States, want to assure all Americans that we are devoted, heart and soul, to the interests [...]
We, the bankers of these United States , want to assure all Americans that we are devoted, heart and soul, to the interests of this great nation. Contrary to countless disparaging remarks by so-called pundits, there is absolutely no daylight between the interests of Wall Street and Main Street . One of our leaders eloquently expressed this view when he said [...]
“The worst is over without a doubt.”
“American labor may now look to the future with confidence”
“We have hit bottom and are on the upswing”
- James J. Davis Secretary of Labor. (June,Aug,Sept 1930 respectively)
“In other periods of depression, it has always been possible to see some things which were solid and upon which you could base hope, but as I look about, I now see nothing to give ground to hope-nothing [...]
If people don’t start to think for themselves by observing the real world around them versus this cheap talk based on nothing of substance they’re in deep trouble.
1.”We will not have any more crashes in our time.”
- John Maynard Keynes in 1927
2. “I cannot help but raise a dissenting voice to statements that we are living in a fool’s paradise, and that prosperity in this country must necessarily diminish [...]