To watch the courageous Afghan freedom fighters battle modern arsenals with simple hand-held weapons is an inspiration to those who love freedom. Their courage teaches us a great lesson—that there are things in this world worth defending. To the Afghan people, I say on behalf of all Americans that we admire your heroism, your devotion to freedom, and your relentless struggle against your oppressors.
Daily Archives: 6 February 2010
Smoke and Mirrors – the Fed’s Alleged Profits
A few days ago, the Fed announced that it had “earned” a record-high amount of money in 2009. Then it turned $46 billion over to the Treasury. Here we are in the midst of a serious recession, with the unemployment rate high, the housing market still in a slump, and the stock market making only small steps toward recovery. In this climate, the Fed is making profits.
That’s impressive, isn’t it? Unfortunately, the Fed’s huge earnings are a signal that the economy is still in terrible shape and that its condition is worsening.
Let us take a closer look at the Federal Reserve’s balance sheets (Read more from mises.org)
“If you can put a mouse into space, you can put a nuke in New York”
Thanks, Mr. Charles “Rocket Scientists” Krauthammer. I’m sure you have a bright future at Fox “News”.