He serves as an advisor to and editor of the Lehrman Institute's thegoldstandardnow.org and senior advisor to the American Principles Project. Benko founded the Prosperity Caucus gathering of supply-side and free-market economists; served on detail as a deputy general counsel to the President’s Commission on Privatization and on White House agency staff under President Reagan. He holds a B.A. from Amherst College and a J.D. from Boston University Law School and is retired from the bar of the State of New York.
A mysterious new technology emerges, seemingly out of nowhere, but actually the result of two decades of intense research and development by nearly anonymous researchers.
Sen. Rand Paul is drawing liberal fire from many left wing commentators, now including Prof. Paul Krugman. Many of the criticisms are badly off base.
Whether or not one supports Audit the Fed, the argument really cannot rest on the Feds independence. Fed independence currently is a polite fiction.
The fact that Bush recognizes the possibility and implications of of a 4% rate of economic growth is extraordinary. Economic growth is not merely the best way. It is the only way to let the middle class thrive.
Without what would come to be called macroeconomic intervention by the government, the Roaring 20s swiftly followed the Forgotten Depression. Then Black Tuesday would ensue.
Rand Paul recently sat with me to share some of his views. The insights on his worldview left me persuaded that he deserves to be considered the most important public intellectual serving in the United States Senate.
The lack of a moment of celebration of the end of the Cold War cheated America out of an opportunity to reorient itself. Silence submerged the lessons of an epic epoch.
The real issue of money in politics is about the Fed, not the Kochs. The Feds political impact is orders of magnitude greater than all the billionaires money, bright and dark, left and right, combined.
The new Congress has a chance at giving us a tax reform that would save us taxpayers something less than, but approaching, $168 billion dollars a year.
Boehner may well be the worst thing to happen to progressives since December 26, 1991 when Gorbachev dissolved the USSR. The left understands this better than does the right.
One, and only one, candidate, Barack Obama, caught the X-factor and improbably got himself nominated and elected, and re-elected, president. Another improbable candidate could catch it again.
Neither the United States Secret Service nor the North Korean authorities take portrayals of the assassination of our respective incumbent supreme leaders lightly. But there is something more going on here.
The financial markets are on a hair trigger as to when, and how quickly, the Fed will tighten and raise interest rates. Billions of dollars will be won or lost by investors on this wager.
There has been much consternation expressed about President Obamas extralegal actions, especially suspending deportation of certain classes of undocumented aliens. Impeachment legally and politically would be completely unwarranted.
Demonetized (as at present), gold merely is a commodity. The gold standard is a quality standard, not a quantity standard, and is about maintaining the integrity of the currency, not limiting its supply.
The mortal struggle at hand today is not between the right and the left. It is not between Republicans and Democrats. It is not between the Congress and the president. It is between us (currently outsiders to our own government) voters and the Washington Insiders.
The current Executive Action is called by its adversaries amnesty. In fact, it represents a temporary reprieve rather than a pardon, more likely to confound rather than promote a humane resolution. It is highly likely to cause a backlash against durable immigration reform.
The GOP could, of course, stumble. As of now, though, it looks like the 114th Congress is more likely to do right by, rather than wrong to, America.
As noted in my previous column, AEIs James Pethokoukis and National Reviews Ramesh Ponnuru among many others appear to have fallen victim to what I have called the Eichengreen Fallacy. This refers to the demonstrably incorrect proposition that the gold standard caused the Great Depression.
AEIs James Pethokoukis and National Reviews Ramesh Ponnuru among many others appear to have fallen victim to what I have called the Eichengreen Fallacy, the demonstrably incorrect proposition that the gold standard caused the Great Depression.
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