Ron Paul: Bill Dudley’s Noble Lie

Former Federal Reserve official Bill Dudley’s recent op-ed calling for the Federal Reserve to implement policies that will damage President Trump’s reelection campaign states that such action would be unprecedented. Dudley claims the Federal Reserve bases its policies solely on an objective evaluation of economic conditions. This is an example of a so-called noble lie — a fiction told by elites to the masses supposedly for the people’s own good, but really designed to maintain popular support for policies that benefit the elites. Dudley’s noble lie is designed to bolster a rapidly (and deservedly) eroding trust in the Federal Reserve.…

Peak Brexit Lunacy

The sound and fury signifying nothing in the Stop Brexit At All Costs drama has reached a deafening crescendo today. Remainers are going to get their Bill to lock the UK into a long extension in order to hold a second referendum (in which actually leaving the EU may not be an option). They should be thrilled. But big bad BoJo entered stage left and said (to great effect, by the way) that he would “rather be dead in a ditch” than ask for an Article 50 extension. Nothing quite like a do or die remark to get people’s blood…

Proponents of the New Backbench Bill to Stop No Deal Face a Significant Dilemma over Queen’s Consent

The proponents of a new Bill to prevent No Deal are caught on the horns of a dilemma. If they had drafted a Bill that only mandated the PM to seek an extension, the PM would have been left free to refuse to agree any extension in negotiations with the EU27. However, Benn-Burt goes much further than Cooper-Letwin did (paras 30-32). It mandates that the PM must not only seek but also agree to an extension, either 31 January 2020 or another date if the House of Commons approves a date suggested by the EU27. Mandating that the PM agrees to an extension manifestly…

Paul Craig Roberts: I Feel Sorry for President Trump

Yes, I know.  I am lining up on the wrong side.  You are supposed to hate him. The presstitutes hate Trump.  So does the Democratic Party, part of the Republican Party, the military/security complex, the entirety of the liberal/progressive/left, the universities, feminists, and Washington’s vassal states.  No one likes him but the “racist, white supremacist Trump deplorables.” Nevertheless, I feel sorry for him.  I started feeling sorry for him when he announced he would run for President of the United States.  You see, I had inside information. I had held a presidential appointment from a President of the United States.  I ended up fighting battles for…

Six Ways We Can Be Sure Boris Is Serious

It seems increasingly likely that the next leader of the Conservatives, and UK Prime Minister, will be Boris Johnson. On the face of it, this looks like good news for supporters of Brexit given Johnson’s record on this issue and his recent statement that the UK will leave the EU by October 31 ‘do or die’. Yet given the history of the last two years, during which the genuine Brexit envisaged at Lancaster House was watered down to the Brexit in-name-only of Theresa May’s Withdrawal Agreement (WA), Brexit supporters should avoid euphoria and be very cautious. There were key moments…

Prorogation: The Historical Case for Constitutional Innovation

Should the prorogation of parliament be a possible course of action for a government? Is it an outrage against democracy and the constitution?  Rory Stewart threatens direct action, and Matt Hancock declares that such a thing “goes against everything those men who fought their way up those [D-Day] beaches died for.”  A leading constitutional historian looks here at the facts behind the hysteria. What, exactly, can a government do by exercising the royal prerogative? Like many great constitutional issues, this one exists in a grey area, grey for historical reasons. It is partly a consequence of old and seldom resolved disagreements about…

A New Prime Minister Must End the Treasury’s Anti-Brexit Propaganda Campaign

The UK Conservative party has now begun a search for a new leader, and thus a new British Prime Minister. Who may ultimately land this job is far from clear, but one thing is very clear: any new PM serious about delivering a genuine Brexit must end the anti-Brexit campaign that the UK Treasury has been waging since 2016 – and repudiate the analyses the Treasury has produced to date. The UK Conservative party has now begun a search for a new leader, and thus a new British Prime Minister. Who may ultimately land this job is far from clear,…

No Deal Is in Sight

Alongside the resignation of Theresa May and the Euro-election results Graham Gudgin argues that another important event this week has been the publication of an article from the Institute of Government showing that a new Prime Minster will be in a position to achieve a no-deal outcome for Brexit despite parliamentary opposition. We have been told for weeks that a new Tory leader would make no difference because the parliamentary arithmetic would be unchanged. Parliament had voted against ‘no deal’ and would continue to do so in future under any conceivable new Tory leader. Today it looks quite different and…

Theresa May Resigns as Prime Minister of the United Kingdom

On 24 May 2019, Theresa May announced her resignation as Prime Minister of the United Kingdom. In a tearful speech before 10 Downing Street, Prime Minister May confirmed that she would be leaving office on 6 June 2019: Ever since I first stepped through the door behind me as Prime Minister, I have striven to make the United Kingdom a country that works not just for a privileged few, but for everyone. And to honour the result of the EU referendum. Back in 2016, we gave the British people a choice. Against all predictions, the British people voted to leave…

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