Can We Trust Bernanke's Testimony?

My most recent article at the Our America Initiative blog:

Federal Reserve Chairman Ben Bernanke gave his semi-annual testimony to Congress on monetary policy Wednesday. While cautioning lawmakers that job numbers are still a concern, Bernanke indicated that because of measures taken by the government and the Fed, we are in the process of economic recovery. But can Americans trust Bernanke’s testimony?

Economic and monetary policy “luminaries” like Ben Bernanke, Alan Greenspan, Hank Paulson, and Tim Geithner- along with the rest of America- were blindsided by the financial meltdown, credit crunch, housing bust, and subsequent recession. These are all “really, really smart” guys who “know what they’re talking about” and understand all of the complicated intricacies of economics, which are all but ineffable to the layman. But they got it wrong just like everyone else.

Can we trust someone to predict our recovery from this economic crisis, who didn’t even see the crisis coming? Instead, we should listen to the (very) few analysts who predicted the economic collapse with frightening accuracy. What they all had in common was their adherence to a school of economic thought called Austrian economics, because it originated with several Austrian economists like Ludwig von Mises and F. A. Hayek.

Read the whole thing here.

This article also appeared on Young Americans for Liberty.

More about Our America Initiative:

Our America Initiative is the advocacy group of former New Mexico Governor Gary Johnson (R). He is the Republican Party's absolute best pick in 2012. If you haven't already, please: 1) Become a Fan of Gary Johnson's Facebook Page, 2) Follow Gary Johnson's Twitter account, and 3) Subscribe to Gary Johnson's YouTube Channel.

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Barack Obama Tattoos

With Barack Obama's approval ratings still at a solid 62%, I became suddenly curious to know how popular the 44th U.S. President really is. Are people so enamoured with President Obama that I could do a quick Google search and turn up some photos of people with permanent tattoos of Obama inked into their very skin? Oh yeah. It's that bad. Below are ten examples of Barack Obama tattoos (some decent, some pretty awful). PS: As a control, I decided to Google "bush tattoos." I found only two examples in the first couple pages, and they were decidedly anti-Bush. I also learned to never, ever Google "bush tattoos" again. Seriously. Don't. There are some gross tattoos out there. In the interests of full disclosure, I must admit that I am not a fan of President Obama . But I've got to say that the tattoos above aren't nearly as bad as this: Editor's note: The pictures are linked to their respective sources. To view the source pages, simply click ...

Legal Marijuana On The Michigan Ballot for 2018

A Michigan ballot initiative to legalize recreational marijuana received enough valid signatures to qualify for a vote in November. When the required number of ballot signatures was certified by the State Board of Canvassers, the 4-0 decision of the board was met by cheers from supporters of the initiative who were present, the Detroit Free Press reports . Rick Thompson, a board member of the Michigan National Organization for the Reform of Marijuana Laws (NORML), put this ballot initiative in perspective as a matter of the State of Michigan safeguarding its own sovereignty and protecting its own citizens from an intrusive federal policy: "The people of Michigan deserve this. They earned it. We've faced many trials and tribulations. We've had so many stop and go signs from the federal government. That's why states have to take the reins on the issue and really be the crucibles of democracy that they've always been intended to be." Indeed the last time ...

What I did on the ten year anniversary of 9-11

During my brief trip to Korea, on the ten year anniversary of 9-11, I did exactly what the terrorists didn't want me to do: I lived without anxiety. I lived without regrets. I lived without fear. I let nothing intimidate me. I let my soul be still. I laughed with my friends. I tried something new. I marveled at nature. I sang at the top of my lungs... badly. My heart was at ease, because I spent all day knowing that for me, this day and every one that preceded it for the last decade was not about the terrorists, but about loving my life, the world I live it in, and the people with whom I am so lucky to share this world. The best memorial I could offer for so many thousands murdered ten years ago, was to ignore their murderers, live without terror in my heart, and in its place let blossom joy. This post is dedicated to you, chingu . Wes Messamore , Editor in Chief, T H L Articles | Author's Page

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