Rand Paul IS What Scott Brown Promised

The Tea Party folks were jumping for joy the day after Scott Brown won the special election in Massachusetts. Brown’s victory was all about stopping the Democrats from passing health reform and little else. His subsequent vote, incidentally his very first vote, supporting Obama’s “stimulus 2″ jobs bill reinforced this reality amongst some of his now formerly devoted supporters.

Rand Paul is everything the Tea Partiers wanted in Scott Brown and more. He is their Reagan fantasy becoming reality. Only they don’t appear to completely realize it yet. Sarah Palin’s endorsement was huge, but the jury is still out on whether Palin is more than just a conservative “Barbie” to Scott Brown’s “Ken”.

Dropping the campaign sweat from Rand Paul’s brow on truly limited government litmus paper reveals two names that would make almost every conservative smile: Goldwater and Reagan. These two icons are at the very root of Rand Paul’s philosophy of governance.

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Tax Bill Is Beginning of Formal Debt Criminalization

The noose is tightening on liberty. The United States Congress is steadily headed to a place where those who owe money to the US government shall be treated criminally. This phenomenon is advancing domestically and now, increasingly, internationally. The first shot in this latest campaign took place in 2010 when US President Barack Obama signed into law The Foreign Account Tax Compliance Act. It demanded, basically, that foreign banks withhold up to 30 percent of the income that an American abroad might earn. This bill isn't working so well because overseas banks are not cooperating (a state of affairs that was certainly expected). Thus, there is a need for something else: Senate Bill 1813, recently introduced by Senator Barbara Boxer (D-CA). This bill, in part, states that taxpayers with unpaid taxes over US$50,000 may find their passports confiscated. This isn't criminal per se, but the IRS has recently made noises about "sharing" information with police a...

Thomas Sowell Returns

By: Thomas Winslow Hazlett Reason

How To Cripple The Real Estate Market In Five Easy Steps

If the government and the banks had just allowed real estate prices drop to market equilibrium, we'd be out of this mess and housing would truly be affordable. But the government is determined to artificially prop up housing prices, whatever the cost to the economy. If you were head of Central Planning (howdy, Ben!) and were tasked with crippling the real estate market, here's what you would recommend. Choke the market and banking sector with zombie banks... Have the central bank (the Federal Reserve) buy up $1 trillion in toxic, impaired mortgages... Lower the rate that banks can borrow from the Fed to zero, and then pay the banks interest on all funds deposited at the Fed... Try to prop up the housing market by giving poor credit risk buyers loans with only 3% down... Load young people up with the equivalent of a mortgage in student loans... OK,let's see how our Organs of Central Planning are doing: check, check, check, check, check: a perfect score! they're...

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