Fat City

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

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

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?

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 […]

The Weimar Solution

By Patrick J. Buchanan “The best way to destroy the capitalist system is to debauch the currency,” said Lord Keynes. Ben Bernanke disagrees. A student of the Depression, the Fed chair appears far more fearful of deflation — a vicious cycle of falling prices, debt defaults, home foreclosures and rising unemployment. Deflation is what America […]

Systemic Failure

By Patrick J. Buchanan As the U.S. financial crisis broadens and deepens, wiping out the wealth and savings of tens of millions, destroying hopes and dreams, it is hard not to see in all of this history’s verdict upon this generation. We have been weighed in the balance and found wanting. For how did this […]