Waking Up from the American Dream

by Christian Rivera

Big Brother. He's only a work of fiction, right?

In George Orwell’s classic novel Nineteen Eighty-Four, the author writes about the life and times of Winston Smith, who is a civil servant responsible for perpetuating the propaganda of “the Party” by revising historical records.  The novel is set—from Orwell’s perspective at the time of publishing—35 years into the future, in the province of Airstrip One, the Oceanian province that “had once been called England or Britain.”  Oceania is a dystopia that under the totalitarian rule of Big Brother is constantly at war; a nation whose citizens are constantly under the surveillance of their government, and whose basic human rights are always negated by their government.  The novel also tends to illustrate the class struggle between the lower-class “proles,” the middle-class Outer Party, and the upper-class Inner Party.  Continue reading

How the Fed Fuels Unemployment

Testimony of Dr. Thomas DiLorenzo
Professor of Economics, Loyola University Maryland
Committee on Financial Services, Subcommittee on Domestic Monetary Policy and Technology
Wednesday, February 9, 2011
2128 Rayburn House Office Building

Dr. Thomas DiLorenzo

Mr. Chairman and members of the committee, I thank you for the opportunity to address the issue of today’s hearing: “Can Monetary Policy Really Create Jobs?” Since I am an academic economist, you will not be surprised to learn that I believe that the correct answer to this question is: “yes and no.” Monetary policy under the direction of the Federal Reserve has a history of creating and destroying jobs. The reason for this is that the Fed, like all other central banks, has always been a generator of boom-and-bust cycles in the economy. Why this is so is explained in three classic treatises in economics: Theory of Money and Credit by Ludwig von Mises, and two treatises by Nobel laureate economist F.A. Hayek: Monetary Theory and the Trade Cycle and Prices and Production. Hayek was awarded the Nobel Prize in Economic Science in 1974 for this work. I will summarize the essence of this theory of the business cycle as plainly as I can. Continue reading

Moments in History: Tyranny, Taxes, and Tea Parties

by Christian Rivera

In the years following the Seven Years’ War, disputes over taxation figured very prominently in the deterioration of relations between Britain and the colonies. The British government had allocated tremendous amounts of funding, troops, and resources to the war effort—which created a massive debt that needed to be serviced. As a consequence, the British government viewed the various acts they imposed on the colonists—who were British subjects—as a valid means of recouping their share of the costs of the war. This did not bode well with many Americans, who viewed the various acts imposed by Parliament as a usurpation of their right to self-taxation. Continue reading

$18 Million of Stimulus Went to Dead People??

When I saw this story this morning, I was absolutely astounded by the level of incompetance in this administration. THESE ARE YOUR TAX DOLLARS, PEOPLE!

-Christian

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Moments in History: Tolerance and Dissent

by Christian Rivera

How did the religious dissenters who flooded into the northern colonies address the question of religious dissent in their new homes?  It’s interesting to note that as far as the Massachusetts Bay colony was concerned, the very people who were fleeing religious persecution in England were often guilty of committing the act themselves in America.  Continue reading

Moments in History: Bacon’s Rebellion

by Christian Rivera

Bacon’s rebellion was sparked in the summer of 1676, after years of social polarization between poor farmers and elite planters, and fighting with Native Americans—and a widely disputed policy intended to establish boundaries between English and Native American settlements—culminated in what was arguably the first rebellion in the American Colonies in which English settlers played a role. Continue reading

What’s Up with That?

by Christian Rivera

Some time ago, I had submitted a suggestion to the U.S. Army regarding adding the U.S. Constitution–which Service Members pledge their lives to support and defend–to the training doctrine of initial entry training Soldiers. Continue reading