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A few weeks ago, Iran got royally pissed at the West, claiming that the US and Israel were behind attempts to sabotage it's nuclear program. They threatened to close the straights of Hormuz.

Policy-makers have largely scoffed at the threat. They reason that Iran needs the proceeds from it's oil industry, which uses the straights of Hormuz for transportation. After all, the National Iranian Oil Company, which is fully owned by Tehran, is the second largest oil company in the world,...

Epic Rap Battle "Fear the Boom and Bust":http://www.youtube.com/watch?v=d0nERTFo-Sk

Who do you think wins?

I'm an Austrian Economics guy, so I like Hayek over Keynes lol

Newt Gingrich is projected to win handily over his fellow candidates in South Carolina. With 72% of precincts in, Newt has 40% of the vote, with Romney in second carrying 27% of the vote: http://www.foxnews.com/politics/2012...olina-primary/

Well...what a mess these primaries are!! Three different winners in three different states! Rick Santorum took Iowa, Romney took New Hampshire, and Newt has taken South Carolina. Up ahead is Florida. I think I'm...

Some may be aware that yesterday, Obama rejected a Senate proposal to approve a 1700 mile oil pipeline from Alberta, Canada's oil fields to oil refineries in Texas.

The pipeline would have brought 70,000 barrels a day into the US, and created 20,000 permanent American jobs right away. It is estimated that by 2035, that number could increase to 175,000 American jobs.

Obama claimed “This announcement is not a judgment on the merits of the pipeline, but the arbitrary...

While thinking deeply (dangerous, I know) about certain political issues, I connected the dots to something interesting.

Most Americans who are politically active will be watching the candidates of their respective parties for the next 11 months, and then eagerly awaiting the election results for two weeks after that, and finally, griping (or celebrating) the results until January 20th, 2013. Few, if any, will be thinking about the Russian presidential elections, which will take...