Official Slogan of the Internet

“We wanted to find a slogan that represented the true spirit of the Internet,” said W3C spokesman Ian Jacobs. “The Internet allows for a free exchange of information and ideas.But even more often, it allows for flames retorts, and insult laden tirades at the slightest sign of any disagreement. That is the essence of what we wanted to capture with this slogan.”

Bernanke: Student of the depression?

pfftt! He’s not the only one.

His Highness calls for more bloodletting

…and torture.

N.H. Liberty Forum: First Round of Speakers Announced

Thursday March 5 to Sunday March 8, 2009 in Nashua, New Hampshire

Angela Keaton
Anthony Gregory
Adam Kokesh
Ethan Nadelmann
Evan Nappen
Gary Franchi
John Taylor Gatto
Marc Stevens
Matt Simon
Will Buchanan

More to be announced soon…

Five years gone: Fannie and Freddie

Ron Paul in the House Financial Services Committee, September 10, 2003

“Mr. Chairman, thank you for holding this hearing on the Treasury Department’s views regarding government sponsored enterprises (GSEs). I would also like to thank Secretaries Snow and Martinez for taking time out of their busy schedules to appear before the committee.

I hope this committee spends some time examining the special privileges provided to GSEs by the federal government. According to the Congressional Budget Office, the housing-related GSEs received $13.6 billion worth of indirect federal subsidies in fiscal year 2000 alone. Today, I will introduce the Free Housing Market Enhancement Act, which removes government subsidies from the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac), and the National Home Loan Bank Board.

One of the major government privileges granted to GSEs is a line of credit with the United States Treasury. According to some estimates, the line of credit may be worth over $2 billion. This explicit promise by the Treasury to bail out GSEs in times of economic difficulty helps the GSEs attract investors who are willing to settle for lower yields than they would demand in the absence of the subsidy. Thus, the line of credit distorts the allocation of capital. More importantly, the line of credit is a promise on behalf of the government to engage in a huge unconstitutional and immoral income transfer from working Americans to holders of GSE debt.”