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LewRockwell

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My parents, who lived through the 1930's Depression, taught me two rules: don't buy anything until you can pay for it with your savings; and always save a sizable portion of your income. The United States, once powerhouse to the world, is hooked on debt. America has become so addicted that regular hits are necessary... Read More
Do we need more proof that politicians should never be given national credit cards — unless, of course, they are German, Swiss or Scandinavian. The thunder of crashing equity markets, the humiliating downgrade of America's once gold-standard credit rating, and stern lectures on financial rectitude from the Chinese Communists of all people are the latest... Read More
BARCELONA — Viva la revolution! Spain's youth are staging boisterous but peaceful protests across the country that many call the Iberian version of the popular revolutions sweeping the Arab world. Plaza Catalunya, the center of this marvelous city that pulses with life and fun, is packed with young demonstrators waving placards calling for revolution and... Read More
Once, while driving in rural Virginia, I saw a billboard that proclaimed, "Jesus Saves." Some wag had scrawled across the bottom, "But Moses invests." Today, change that to "the US borrows while China lends." As my friend and veteran columnist Arnaud de Borchgrave writes, while the US has wasted $1.5 trillion on its Afghan and... Read More
One day, the emperor of ancient Babylon summoned his treasury overseer and exclaimed, "I need more money to wage war on those filthy Hittite terrorists! "But I looked in my great treasure chest and it's nearly empty. There are hardly any gold coins left," he thundered. "Oh Light of the Euphrates," groveled his terrified minister,... Read More
In history's first major airborne assault, just after dawn on 10 May, 1940, 71 German paratroopers from Luftwaffe General Kurt Student's elite 7th Fliegerkorps landed from ten gliders atop Belgium's Fort Eben Emael. Huge, heavily armed, Eben Emael was Europe's most powerful fortress. The fort covered an area equal to 70 American football fields, or... Read More
One of history's most important lessons is that politicians should never be given a free hand to borrow money to cover the costs of wars, overseas adventures, or military spending. More empires have been brought down by reckless spending than by invaders. The late Soviet Union, which wrecked its economy by buying too many tanks,... Read More
Before we discuss what's left of the economy, a few words about one brave man. The shoes Iraqi journalist Muntader al-Zaidi threw at George Bush in Baghdad had more courage and truth in them than all the honeyed, sycophantic words of America's fawning media. Zaidi reminded the world that George Bush, Dick Cheney and their... Read More
Now that there has been a respite in the financial tsunami sweeping the globe, finger-pointing is sure to begin. The chief culprit for this near-death experience must be the star-crossed Bush administration and its reckless financial policies. The roots of the current financial crisis began before President Bush took office. During the Clinton years, finance... Read More
For once, George Bush is absolutely correct
Terrorism and the Green Peril from Araby now menace America's major ports. That's what a bunch of hysterical American lawmakers are loudly claiming after the takeover of Britain's venerable Pacific & Orient Steam Navigation company by Dubai Ports of the World, a state firm owned by the United Arab Emirates. U.S. President George Bush did... Read More
Category Classics
Which superpower is more threatened by its “extractive elites”?
The sources of America’s immigration problems—and a possible solution