Fiscal
Econ 101 vs. the Politicians
The news media are busily reporting the comments of elected officials about gas prices. Frequently, neither the media nor the politicians’ comments make any sense. Let’s look at a few of those comments.
PA Two-Dollar Bargain — Gasoline
Despite the outcry over high gasoline prices, gasoline in the U.S. is a bargain, even at two dollars per gallon. How can this be? Let’s look at a few comparisons.
Abusing Old Hickory
If you’ve gone to your bank lately, you may have noticed that the Federal Reserve System and the Department of Treasury have an all-out advertising blitz in progress touting the new $20 bill. On a small, slick piece of propaganda entitled “The New Color of Money” the nation’s counterfeiting partners in crime—the Treasury and the Fed—point out the many reasons that the new twenties are supposedly “Safer. Smarter. More Secure.”
America's Serial Inflator
It’s official: The greatest inflator in history will be nominated for yet another term as chairman of the Federal Reserve. President George W. Bush, in a meeting with financial journalists, said, “I think Alan Greenspan should get another term.”
Oh Those 'Enormous and Unreasonable' Profits
Hardly a week goes by without one of the local newspapers printing a letter from some reader ranting that the big oil companies are “price gouging” consumers. It never fails: gasoline hits two bucks a gallon and here comes the outrage.
The People’s Choice
The heroic Ron Paul, Republican congressman from Texas, has introduced legislation that would benefit Nevada and all America. If enacted, HR 5356 could put the United States back on the road to civilization, reversing the slippage into monetary barbarism that, invisible to most people, afflicts this country. Paul’s bill would abolish the nation’s central bank, the Federal Reserve, and return our monetary system to the gold standard—in other words, to the people.
The $3.2 Billion Nameplate
When it comes to power, Patricia Mulroy and her friends on the Clark County Commission can’t seem to get enough. Not satisfied with controlling Southern Nevada’s water resources, they’re now seeking to take over Las Vegas Valley electricity, too.
Sepsis in the Banking System
One of the darker motifs of human history is that often the “expert” wisdom of an era turns out in retrospect to be little more than smug and lethal ignorance.
The Fed Has Attacked Nevada
The Federal Reserve has attacked Nevada’s second largest industry, mining, and not a word of protest has come from the state’s politicians. Gold mining has the highest average wage rate of any industry in the state, with each job having an average salary of $60,000 per year. But those jobs have become more and more scarce as central bank intervention squashed the price of gold down from 1996’s average price of $388 per oz to $265 per oz in early 2001.
Competitive-Sourcing:
How Nevada's Biggest School District Can Save Millions in Transportation Costs
By conducting a competitive sourcing comparison of current and alternative student bus transportation services, the Clark County School District most likely would reduce operational costs by at least 10 percent, or some $4 million a year.
