Is a Bond Crisis Inevitable?


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By Patrick J. Buchanan With Christmas shoppers out in force and the stock market surging to a two-year high, talk is spreading that the long-awaited recovery is at hand. Perhaps. But gleaning the news from Europe and Asia as U.S. cities, states and the federal government sink into debt, it is difficult to believe a […]

The Fed Trashes the Dollar


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By Patrick J. Buchanan If it is the first responsibility of the Federal Reserve to protect the dollars that Americans earn and save, is it not dereliction of duty for the Fed to pursue a policy to bleed value from those dollars? For that is what Chairman Ben Bernanke is up to with his QE2, […]

Obama’s Problems — and Ours


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By Patrick J. Buchanan We inherited the worst situation since the Great Depression. That is the reflexive response of President Obama to the troubles from which he has been unable to extract his country. Even before the inauguration, he says, there were projections of a $1.2 trillion deficit for 2009. That deficit is not my […]

Saving Professor Bernanke


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By Patrick J. Buchanan “Elections don’t matter!” conservatives have long groused. “No matter who you vote for, things never change.” Well, we may have an exception here. Scott Brown told Massachusetts’ voters if they elected him to what David Gergen calls “the Kennedy seat” in the Senate, he would go to Washington and run a […]

Fat City


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By Patrick J. Buchanan “It’s time to stop worrying about the deficit — and start panicking about the debt,” the Washington Post editorial began. “The fiscal situation was serious before the recession. It is now dire.”

Ron Paul’s Hour of Power


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By Patrick J. Buchanan The decades-long campaign of Ron Paul to have the Government Accountability Office do a full audit of the Federal Reserve now has 313 sponsors in the House.

Fatal Flaw of Democracies


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by Patrick J. Buchanan “We just can’t afford it!” Not long ago, every America child heard that, at one time or another, in the home in which he or she was raised. “We just can’t afford it!” It may have been a new car, or two weeks at the beach, or the new flat-panel TV […]

Should We Kill the Fed?


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By Patrick J. Buchanan For the financial crisis that has wiped out trillions in wealth, many have felt the lash of public outrage. Fannie and Freddie. The idiot-bankers. The AIG bonus babies. The Bush Republicans and Barney Frank Democrats who bullied banks into making mortgages to minorities who could not afford the houses they were […]