Richardcyoung.com

The Online Home of Author and Investor, Dick Young

  • Home
  • Debbie Young
  • Jimmy Buffett
  • Key West
  • Your Survival Guy
  • How We Are Different
  • Paris
  • About Us
    • Foundation Principles
    • Contributors
  • Investing
    • You’ve Read The Last Issue of Intelligence Report, Now What?
  • The Great Reset
  • The Swiss Way
  • My Rifles
  • Dividends and Compounding
  • Your Security
  • Dick Young
  • Dick’s R&B Top 100
  • Liberty & Freedom Map
  • Bank Credit & Money
  • Your Survival Guy’s Super States
  • NNT & Cholesterol
  • Your Health
  • Ron Paul
  • US Treasury Yield Curve: My Favorite Investor Tool
  • Anti-Gun Control
  • Anti-Digital Currency
  • Joel Salatin and Alfie Oakes
  • World Gold Mine Production
  • Fidelity and Vanguard Since 1971

Three Vital Insights from Ed Crane

February 27, 2019 By Richard C. Young

By iQoncept @ Shutterstock.com

From my insightful friend and Former President and Co-Founder of the Cato Institute, Ed Crane-way before the rush. Ed knew!

Six times per year, Cato directors, sponsors and friends receive a special memorandum from the president. I found five insights from Ed in the most recent issue that I want to share with you.

  1. Do you remember August 15, 1971? Richard Nixon soberly (or perhaps not) informed the nation that henceforth there would be wage and price controls. That was going to control inflation—and the experts actually took him seriously. Please. And the gullibility of the media with regard to what Dwight Eisenhower warned us about, the Military-Industrial Complex, is astounding. The boys in the Project for the New American Century (Bolton, Woolsey, Kagan, Kristol, Wolfowitz, et al.) had been clamoring for war with Iraq years before 9/11, which gave them their great opportunity. Now they’re pushing for war with Iran. These are not serious people. They believe in American Empire and have an undue influence on both sides of the aisle.
  2. The bald, bearded oracle at the Fed actually thinks it’s his role to keep the United States economy humming along, not to mention determining what the right level of interest rates and money expansion should be. The media hang on his every pronouncement. Such silliness. Presidents are constantly setting up “commissions” to look into problems, like unemployment, entitlement reform, and alleged global warming. We are supposed to take seriously the “findings” of these commissions. We hold our breath waiting to see what the answer is. Each and every time, the true answer is simply freedom. But Washington attracts people who find freedom constraining with regard to their ability to control other people’s lives.
  3. This fellow Obama is a menace. I think his ties to Saul Alinsky are utterly underappreciated. His recent commentary about “You didn’t build that” reveals an underlying and intense disdain, not just for the free-enterprise system, but for success. Indeed, that same riff he was engaged in included mocking references to hard work and intelligence. I once asked my colleague Gene Healy, who was a student at the University of Chicago law school while Obama was a lecturer there, why he never took a course with him. The answer was that Obama had a reputation as a very mediocre legal mind. Other than at Chicago, has he ever earned any money?

Originally posted on September 19, 2012.

 

If you’re willing to fight for Main Street America, click here to sign up for my free weekly email.

Related Posts

  • VIDEO: Ed Crane Speaks out for America as it Should Be
  • Cato’s Ed Crane: Far Ahead of the Crowd
  • Vital Answers on Sequestration and National Defense
  • Author
  • Recent Posts
Richard C. Young
Richard C. Young
Richard C. Young is the editor of Young's World Money Forecast, and a contributing editor to both Richardcyoung.com and Youngresearch.com.
Richard C. Young
Latest posts by Richard C. Young (see all)
  • The Best Place to Cut Spending - October 3, 2023
  • ESTABLISHMENT NIGHTMARE: Tucker Carlson Interviews RFK Jr. - October 3, 2023
  • Can Cinnamon Inhibit Early-Stage Prostate Cancer? - October 2, 2023

Dick Young’s Must Reads

  • The Problem in America
  • Your Sheriff Can Thwart Federal Gun Control Efforts
  • Sen. Hawley Makes the Case Against U.S.-China Relationship
  • “I’m Having Major Surgery Tomorrow,” He Said
  • Democracy & Diversity: Not In the Constitution
  • Early Advice from Her Dad on Tipping at Charlie Trotter’s
  • U.S. Survival AR-7
  • America’s States Rights Revolution
  • Tom Brady Is Proof You Shouldn’t Retire if You Still Love Your Work
  • Yes, Your Children Are Listening to You

Our Most Popular Posts

  • Bidenomics: Distrust of Public Officials and Institutions
  • Skyrocketing Costs of Building a Green Grid Are Starting
  • The Government Attack on Americans' Independence
  • "The Goal Is to Break Down the Individual"
  • “Doctor, What Are You Doing?” “Nothing,” He Said
  • Can Cinnamon Inhibit Early-Stage Prostate Cancer?
  • Fighting Russian Power with a Hill of Crosses
  • Investing Habits of the Fairly Wealthy: #10 Powerball
  • “Oh, This Is Prime Real Estate,” They Say
  • Your Survival Guy Fishing with Dolphins

Compensation was paid to utilize rankings. Click here to read full disclosure.

RSS Youngresearch.com

  • “Doctor, What Are You Doing?” “Nothing,” He Said
  • Has Tupperware Survived Its Brush with Death?
  • Biden’s “War” On Fossil Fuels Keeps Shale Drillers Idle as Oil Prices Rise
  • “Oh, This Is Prime Real Estate,” They Say
  • Investing Habits of the Fairly Wealthy: #10 Powerball
  • “Then One Day the Grandfather was Gone”
  • India Choose to Promote Coastal Trade. The US Should Too
  • “No Way I’m Spending That Much on Those”
  • The War Machine’s Manpower Problem
  • Profits Becoming Elusive in China

RSS Yoursurvivalguy.com

  • “Doctor, What Are You Doing?” “Nothing,” He Said
  • Bidenflation Making It Harder to Retire
  • Will Illinois Gun Owners Register Their Firearms?
  • “Oh, This Is Prime Real Estate,” They Say
  • Survive and Thrive September 2023: “I Want to Be a Farmer, a Garbageman, or Tom Brady”
  • Tucker and O’Reilly Discuss the Three People Everyone Needs
  • Investing Habits of the Fairly Wealthy: #10 Powerball
  • Your Survival Guy: “Life on Main Street Hasn’t Been This Hard in a While”
  • Your Retirement Life: Striped Bass Fishing off Block Island
  • “Then One Day the Grandfather was Gone”

US Treasury Yield Curve: My Favorite Investor Tool

Five Year Treasury Yield

“The Economy Is Buried Under Trillions in Debt”

“Never Back Down” Fundraising Upbeat

“Doctor, What Are You Doing?” “Nothing,” He Said

The Best Place to Cut Spending

Copyright © 2023 | Terms & Conditions | About Us | Dick Young | Archives