Ron Paul, Barney Frank and 55 others.

Later today, Rep. Barney Frank, Rep. Ron Paul and 55 congressional co-signers are sending a letter to the National Commission on Fiscal Responsibility and Reform advocating defense cuts. The letter is good not just on cuts, but on theory: It's as much about where we can save money as why we don't need to spend the money. Here's the core of it, with my emphases.Link

'12 Run Depends On Fall Of U.S. Dollar.

Texas Rep. Ron Paul (R) told reporters Saturday that the bulk of the economic crisis is yet to come, and that a White House '12 bid largely hinges on his anticipated fall of the U.S. dollar. Prior to appearing before the Virginia Tea Party Patriots Convention in Richmond, Paul called a complete implosion of the U.S. currency system "95% likely... [because] right now the whole world is racing to beat their currencies because they think it's going to help trade...But let me tell you, if the bombs started to fall on Iran, hold your hat, because that would be, I believe, the end of our dollar system. And we would have a real skirmish to find out what we're going to replace this government with."Link

John Dennis Should Be a Liberal's Pick.

There's an unusual candor about John Dennis that you don't often get from a politician who's running in one of the two major parties. But then again, a small businessman from New Jersey who grew up in a housing project can afford to be candid and honest when the media has marginalized him as a mere outlier against the most powerful person in congress, Speaker of the House, Nancy Pelosi. He's not even a politician. In fact, Dennis had rarely engaged the political realm until the 2008 Presidential election, in which he actively campaigned for Republican party outcast, Ron Paul. This time around it's Paul helping out Dennis, who he has endorsed.Link

The Fed's Magic Money-Printing Machine.

It’s amazing, given the attention the Tea Party allegedly is paying to government waste and government spending, that there hasn’t been more controversy about the now-seemingly-inevitable arrival of “QE2” – a second massive round of money-printing cooked up by the Fed to prop up both the government and certain sectors of the economy. A more overtly anticapitalist and oligarchical pattern of behavior than the Fed’s “Quantitative Easing” program could not possibly be imagined, but the country is strangely silent on the issue.Link

The Fed Warms Up The Printing Press.

It sounds like the Federal Reserve is about to create a lot more money out of thin air. The idea would be to help the economy by driving down interest rates for businesses and ordinary people, encouraging everyone to borrow and spend more money. To drive down interest rates, the Fed would probably buy medium- or long-term bonds.Link