The Federal Reserve’s recent 0.75 percent increase in its “benchmark” interest rate is the Fed’s highest rate increase since 1994. This increase is a sign that the Fed has finally realized that price inflation is more persistent and widespread than the Fed initially believed.Stocks have fallen much lately. This is in part because of fears rate hikes will push the economy into recession. The Fed itself seems to believe that the economy is going to slow down in the near future, as it has reduced...

Diogenes, one of the ancient world’s illustrious philosophers, believed that lies were the currency of politics, and those lies were the ones he sought to expose and debase. To make his point, Diogenes occasionally carried a lit lantern through the streets of Athens in the daylight. If asked why, Diogenes would say he was searching for an honest man. Finding an honest man today in Washington, D.C., is equally challenging. Diogenes would need a Xenon Searchlight in each hand. Still, there are...

The eleven-year persecution of Julian Assange was extended and escalated on Friday morning. The British Home Secretary, Priti Patel, approved the US's extradition request to send Julian Assange to Virginia to stand trial on eighteen felony charges under the 1917 Espionage Act and other statutes in connection with the 2010 publication by WikiLeaks of thousands of documents showing widespread corruption, deceit, and war crimes by American and British authorities along with their close...

Any government that is a national-security state needs big official enemies — scary ones, ones that will cause the citizenry to continue supporting not only the continued existence of a national-security state form of government but also ever-growing budgets for it and its army of voracious “defense” contractors. That’s, of course, what the current brouhaha about Russia is all about. It’s really a replay of the Cold War decades, when Americans were made to believe that the Reds were coming to...

*This speech was delivered at the Ron Paul Institute's June 4, 2022 Houston Conference.Ladies and gentlemen, we face a grave danger. The leader of a major European power wants to make territorial revisions. He is surrounded by hostile powers who threaten him. He does not seek war with other countries but if the hostile powers continue to encircle him, he will fight. A European war looms. You probably think I’m talking about the current crisis between Russia and the Ukraine, but I’m not. I’m...

What we do not need is yet another pretext by which government officials can violate the Fourth Amendment at will under the guise of public health and safety. Indeed, at a time when red flag gun laws (which authorize government officials to seize guns from individuals viewed as a danger to themselves or others) are gaining traction as a legislative means by which to allow police to remove guns from people suspected of being threats, it wouldn’t take much for police to be given the green light...

In my blog post of May 18, 2022, I raised the possibility that the $40 billion aid package that Congress quickly approved for Ukraine was going to be used, at least in part, to pay multimillion dollar bribes to Ukrainian officials. After all, why else would the members of Congress, as well as the Pentagon’s assets within the mainstream press, react so vociferously against the idea of having the Inspector General monitor how the money is being used? And what better way to ensure that Ukrainian...

The New York-based Council on Foreign Relations held a videoconference on May 31 titled Russia’s War in Ukraine: How does it end? The president of the think tank Richard Haas chaired the panel of distinguished participants — Stephen Hadley, Prof. Charles Kupchan, Alina Polyakova and Lt. Gen. (Retd) Stephen Twitty. It was a great discussion dominated by the liberal internationalist stream that has so far guided President Biden’s national security team, which wants to help Ukraine fight a long...

American’s capacity for denial is truly a thing to behold. For at least 27 months, it should have been obvious that we were headed for a grave crisis. Not only that: the crisis was already here in March 2020.  For weird reasons, some people, many people, imagined that governments could just shut down an economy and turn it back on without consequence. And yet here we are.  Historians of the future, if there are any intelligent ones among them, will surely be aghast at our astounding ignorance....

The US Constitution explicitly gives Congress, not the president, the authority to determine if the republic should go to war. Unfortunately, that fundamental point is now little more than a quaint historical footnote. Congress has issued no declarations of war since the early 1940s, when it did so against Nazi Germany, Imperial Japan, and other Axis powers. Yet the United States has launched more than a dozen significant "presidential wars" since then. Moreover, that pace shows little sign of...

This week, US gasoline prices hit an average of $5.00 per gallon, an all-time record. Officially, consumer price inflation hit 8.6 percent last month compared to last May. That is a four-decade high. In reality, though, inflation is much higher than that, as anyone who works for a living can affirm.On the foreign front, the US is closer to nuclear war with Russia than at any time since the Cuban missile crisis. The Biden Administration’s policy seems to be urging Ukraine to fight Russia down...

On July 2, 1881, only four months into the first term of President James A. Garfield, an angry attorney from Illinois named Charles J. Guiteau shot Garfield in the torso at a Baltimore, Maryland, train station. Guiteau had a motive. He was furious because he believed, due to his work for the campaign, that Garfield would give him a job in the new administration. But none was forthcoming. It was revenge. Garfield died of the wounds months later.  It was a shocking thing. Congress immediately...

Biden administration officials treat Russia as an international pariah and push the global community to unite behind Washington’s leadership to compel the Kremlin to withdraw its forces from Ukraine. The administration’s strategy has been just partially successful. Criticisms of Russia’s actions are relatively easy to find among foreign leaders, but when it comes to outright condemnations—much less endorsements of NATO’s position that the war was unprovoked and entirely Moscow’s...