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You want to see bad? You are going to see bad. But it is not the bad of falling prices. By the time the current Administration is over, the average American will beg for falling prices. No, we are going to see the bad of rising prices, as they have just seen in Zimbabwe.

Do you know what has happened in Zimbabwe over the past few years? The dictator of the country engaged in a massive campaign of printing money. Cato has an interesting article on it. In one month, November 2008, prices (in terms of Zimbabwe dollars) were going up at a rate of 79,600,000,000%. That is another way of saying that prices were multiplying by (a little less than) 800 million times per month. That is, they were doubling every day.

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Financial Service Committee to Have Hearing on the Role of the Federal Reserve July 9

The Committee is a great place to call to start telling them that a hearing of this bill should be scheduled and the People are demanding it.

California in 'Fiscal Emergency'

The governor of California has declared a fiscal emergency in the US state to address a budget deficit of some $24.3bn.

US officials meet with China on NKorea sanctions

A US delegation has met with Chinese officials for talks on implementing UN sanctions imposed on North Korea in retaliation for its nuclear test in May, according to the US embassy in Beijing.

American Revolution Center headed for Center City

After spending millions of dollars and years of effort, executives with the American Revolution Center have abandoned their controversial plan to build the museum inside the boundaries of Valley Forge National Park and will move the project to Center City.

Mr. Popular? Ron Paul Wins Supporters to Fed Sunshine Bill

Paul, as of Tuesday, has won 245 co-sponsors to a bill that would require a full-fledged audit of the Federal Reserve by the end of 2010.

Worse than Subprime? Other Mortgages are Imploding Slowly

Experts warn that a new wave of mortgage foreclosures may be coming soon and could rival the default rates for subprime mortgages and slow efforts to find bottom in a prolonged national housing slump.

Swiss Banks Shun Americans as U.S. Compels Disclosure

Swiss banks are shutting the accounts of Americans as the U.S. Internal Revenue Service accelerates the hunt for tax dodgers.

Ron Paul: Cap and Trade Will Lead to Capital Flight

In my last column, I joked that with public spending out of control and the piling on of the international bailout bill, economic collapse seems to be the goal of Congress. It is getting harder to joke about such a thing however, as the non-partisan General Accounting Office (GAO) has estimated that the administration's health care plan would actually cost over a trillion dollars. This reality check may have given us a temporary reprieve on this particular disastrous policy, however an equally disastrous energy policy reared its ugly head on Capitol Hill last week.

Reverse Discrimination Ruling Leaves Confusion

The Supreme Court ruling in favor of white New Haven firefighters who said they were victims of reverse discrimination will probably leave employers confused, civil rights advocates and labor attorneys say.

California Lawmakers Face Deadline to Avoid IOU's

A midnight deadline loomed Tuesday as California lawmakers and Gov. Arnold Schwarzenegger dueled over ways to cut into a $24.3 billion budget deficit or face having to issue IOUs to cover the state's bills.

Cap and Trade is Nothing but Obama Tax

So what the heck is Cap and Trade? It depends on who you listen to. The Democrats in the house have put cap and trade legislation on the fast track through the House. It is safe to say the Democrats are willing to destroy the discipline of economics to make it law.

Supreme Court Wraps Up With Discrimination Case

A closely watched discrimination lawsuit by white firefighters who say they have unfairly been denied promotions is one of three remaining Supreme Court cases awaiting resolution Monday.

Ron Paul's 'Audit the Fed' Bill Gathers Steam

He may have faded from the national political scene a year ago, after his dark-horse presidential run came to naught, but Rep. Ron Paul 's influence is still being felt in campaigns and policy debates across the country. Indeed, the latest legislative priority of the libertarian Texas Republican - auditing the Federal Reserve - has gained support in unlikely quarters.

The Future Of The Federal Reserve

President Obama's financial regulatory plan has created controversy over the role of the Federal Reserve in our economy like rarely before. The person in Congress with perhaps the most unconventional point of view on these issues in American politics is Congressman and former presidential candidate Ron Paul (R-TX), a longtime critic of the very institution of the Fed and fractional reserve banking. He has recently sponsored a bill that would audit the Fed, which has attracted cosponsors such as Dennis Kucinich (D-OH).

Suit Accuses TSA of Unreasonable Airport Detention

The American Civil Liberties Union filed the lawsuit on behalf of Steven Bierfeldt, director of development for the Campaign for Liberty, an organization that grew out of Ron Paul's 2008 presidential campaign.