Alan’s Money Blog

Imagine for a moment that somewhere in the middle of Texas there was a large foreign military base, say Chinese or Russian.  Imagine that thousands of armed foreign troops were constantly patrolling American streets in military vehicles.  Imagine they were here under the auspices of “keeping us safe” or “promoting democracy” or “protecting their strategic […]

This week, Congress and the administration once again showed their lack of economic understanding, as they ramped up spending to record levels.  On the surface, maybe it does look to some like the economic crisis is a liquidity problem, that the economy is in trouble because money is not changing hands at the pace it […]

This week the Federal Reserve responded to the American people’s increased concerns over our monetary policy by presenting new initiatives aimed at enhancing the Fed’s transparency and accountability. As someone who has called for more openness from the Fed for over 30 years, I was pleased to see the Fed acknowledge the legitimacy of this […]

President Obama signed an executive order last week continuing the faith-based initiatives program created by former President Bush.  When the program was created, I warned that giving taxpayer money to private religious organizations would eventually lead to political control and manipulation of them.  This week has provided some evidence that this was a justified concern.  […]

I have recently had several opportunities on various news programs to discuss the economy and what is wrong with the so-called economic stimulus package.  I have said over and over what we shouldn’t be doing, and now I’d like to explain what we should be doing. 
 
But to improve the situation, you must first have […]

Here is an interesting C-SPAN interview with Dr. Ron Paul in which he succinctly sums up what all the recent US financial bailout packages amount to. You’ll find out why this posting has the title that it does at the end of the interview. Enjoy the video.