Dear Chief Secretary, I’m Afraid There Is No Money

by Gary North

The new British government’s Chief Secretary to the Treasury, David Laws, walked into his new office. On the table there was a note from the previous secretary.

“Dear chief secretary, I’m afraid there is no money. Kind regards – and good luck! Liam.”

Government Stimulus, One Year Later

by Ron Paul

Last week marked the one year anniversary of the American Reinvestment and Recovery Act, or the stimulus bill, passing into law. While the debate over its success has been focused on whether or not it is stimulating the economy and on various questionable uses of funds, in my estimation this legislation is accomplishing exactly what it was intended to accomplish – grow the government.

Spending Freeze Not Likely

by Ron Paul

Last week politicians in Washington made a few things clear about how they really feel about the state of the union. First, they are beginning to hear the growing discontent with the size and scope of government and the broken promises that keep piling up. Certain events in Massachusetts recently made that statement loud, clear and unavoidable. In the face of those events, the powers that be made the determination that some populist rhetoric was in order, and the idea of a spending freeze in Washington was proposed, albeit with several caveats.

Texas Straight Talk: Audit the Fed Attached as an Amendment

By Ron Paul

I was pleased last week when we won a vote in the Financial Services Committee to include language from the Audit the Fed bill HR1207 in the upcoming financial regulatory reform bill. As it stands now, if HR 3996 passes, because of this action, the Federal Reserve’s entire balance sheet will be opened up to a GAO audit. We will at last have a chance to find out what happened to the trillions of dollars the Fed has been giving out.

Ron Paul Get’s Some Love on CNBC Squawk Box; ‘Come Back for a 2 Hour Special?!’

The hosts of CNBC Squawk Box were more than pleased with Ron Pauls outlook on monetary policy and his views towards banking system regualtions. They were so pleased they invited him back for a 2 hour exclusive