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The Guardian has a great article today on what the Presidential race losers feel like after all the media attention has gone and they are left alone. It is very interesting to hear what George McGovern has to say about the 1972 race and this year’s contest.

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While I fully support Barack Obama’s presidential bid as the best opportunity for change, I respect former Democratic Presedential candidate Mike Gravel and his Libertarian viewpoints. As a Libertarian, I found it interesting that when I took the Select Smart survey to track how the individual candidates’ positions mirrored mine, Mike Gravel came out [...]

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As a Libertarian, I am definitely a fan of Ron Paul. It is sad that there is no mainstream party that is Liberal in the traditional sense of the word. Now, liberal means left-wing when I look at Liberal quite differently.
Anyway, there was an article from Time magazine a few days back that [...]

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Recently, on Mar. 18th, the Federal Reserve lowered the Fed Funds rate to 2.25%. In the accompanying statement, the Fed said the following:
“Recent information indicates that the outlook for economic activity has weakened further. Growth in consumer spending has slowed and labor markets have softened. Financial markets remain under considerable stress, and the [...]

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Thomas Sowell, a right-wing American economist, has released an interesting take on Barack Obama and the Jeremiah Wright conflict. He contends that Obama is actually far, far to the left of center and is closer to Wright’s views than many of us think.
I don’t agree, but it is an interpretation of events [...]

UPDATE 16 Mar 2009: In light of the recent revelations at AIG (see posts here and here), I am re-posting this early post from last March. It is looking a lot more like this is the correct interpretation of events.

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The U.S. economy is in recession and the misery is deepening by the day. We need to ask ourselves what the heck we should do to get ourselves out of this economic mess. The answer will need to be rooted in a careful analysis of cause and effect. We need to know why we got [...]

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As the housing bubble pops, one major casualty is likely to be state and local government property tax receipts. It appears that state and local governments recklessly spent the windfall revenue that they received during the boom times and have been caught out now that the boom has turned to bust.
Not a day goes [...]

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The dollar has suffered a spectacular collapse against the Euro, Swiss Franc, Gold and Silver as investors flee U.S. Assets in the wake of the spectacular collapse of one of Wall Street’s largest companies, Bear Stearns. The Swiss Franc recently traded through parity with the dollar at 0.9776. The Euro climbed 3 big [...]

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The credit bubble has claimed its first major finance company: Bear Stearns. The venerable firm, which traded as high as $160 in 2007 and was trading above $60 just last week, was bought for a mere $2 per share by rival JP Morgan Chase and Co.
From my point of view, this is the first [...]