December 16, 2011 | 8 comments
December 15, 2011 | 3 comments
December 15, 2011 | 0 comments
December 14, 2011 | 39 comments
December 14, 2011 | 4 comments
Today David Frum takes issue with some Republicans’ “obsession” with inflation, suggesting that it’s a function of key Republican constituencies’ vulnerability to price level increases. Of course this line of critique is nothing new — the familiar haters also see anti-QE2 “inflation hawks” such as Paul Ryan (not to mention Ron Paul) as flirting with crackpot and totally outdated theories in order to coddle investor-class constituents.
Set aside the fact that, far from being a crank, Paul Ryan shares his concerns about monetary policy with eminent Stanford professor John Taylor, for whom the “Taylor Rule,” which describes the Federal Reserve’s interest rate policies, is named.
The real issue is that it’s not obvious that the charges against Ryan and co. have a purpose, except for scoring partisan points. It’s true that the GOP’s anti-easy money stance is the preferred approach of some of its most important supporters. But it’s also the case that we are lucky enough to have an independent central bank. Ben Bernanke determines monetary policy, not Paul Ryan.
It’s true that Ryan, as chair of the Budget Committee, can ask Fed officials some uncomfortable questions. That’s even more true of Ron Paul in his role as the ranking member of the subcommittee that oversees monetary policy. But there’s no reason why Bernanke shouldn’t be made to answer some wrongheaded or unusual questions from time to time, especially when those questions represent the concerns of a significant swath of Americans.
A man of faith in a godless age is hitting Americans where it hurts.
Mr. and Mrs. American Spectator Reader, let P.J. O’Rourke talk sense to your kids.
In Britain, defending your property can get you life.
The debacle of this president’s administration is both a cause and a symptom of the decline of American values. Unless Congress impeaches him, that decline will go on unchecked. An eminent jurist surveys the damage and assesses the chances for the recovery of our culture.
It won’t take long for conservatives to scratch this presidential wannabe off their 2008 scorecard.
The American Christmas, like the songs that celebrate it, makes room for everybody under the rainbow. Is that why so many people seem to be hostile to it?
Was the President done in by the economy, or by the politics of the economy?