02/24/11: Sen. Rand Paul on David Letterman's Late Show, where Letterman admits his unreasoned, emotional loyalty to progressive ideology
Sunday, February 27, 2011
Thursday, February 24, 2011
The Federal Reserve Is Causing Turmoil Abroad (WSJ)
Few protesters in the Middle East connect rising food prices to U.S. monetary policy. But central bankers do.
Mr. Melloan, a former columnist and deputy editor of the Journal editorial page, is author of "The Great Money Binge: Spending Our Way to Socialism" (Simon & Schuster, 2009)
Mr. Melloan, a former columnist and deputy editor of the Journal editorial page, is author of "The Great Money Binge: Spending Our Way to Socialism" (Simon & Schuster, 2009)
Eugenics and Economics in the Progressive Era - Thomas C. Leonard
Eugenics and Economics in the Progressive Era
showing clearly the 'race'/caste motivations driving pretty much all of modern statism will prove one of the final and tough challenges of libertarian history and theory (to which Rastafarians can be expected to respond affirmatively) - as well as a difficult one because "there still must be other countless errors of the same sort that no living man can yet detect, because of the fog within which our type of Western culture envelops us” (Myrdal, 1944)
Mises I. bloggers taking note with interest (from whom I got the link)
UPDATE:
looks like Leonard is writing a full treatment of this subject, here is an introduction - I can't think of any who need to read this more than the socialistic/fascistic intellectual elites of the Pan-African movement, they are the new scourge of Africa this class of conference-hoppers
showing clearly the 'race'/caste motivations driving pretty much all of modern statism will prove one of the final and tough challenges of libertarian history and theory (to which Rastafarians can be expected to respond affirmatively) - as well as a difficult one because "there still must be other countless errors of the same sort that no living man can yet detect, because of the fog within which our type of Western culture envelops us” (Myrdal, 1944)
Mises I. bloggers taking note with interest (from whom I got the link)
UPDATE:
looks like Leonard is writing a full treatment of this subject, here is an introduction - I can't think of any who need to read this more than the socialistic/fascistic intellectual elites of the Pan-African movement, they are the new scourge of Africa this class of conference-hoppers
Sunday, February 20, 2011
A Renegade History of the United States, reviewed by Riggenbach and Woods
A Renegade History of the United States - Jeff Riggenbach - Mises Daily
Riggenbach offers another interesting read - all I would say is if the exclusive pursuit of pleasure resulted in the birth of jazz, "America's classical music" (US Congress), complete with full time professional musicians, supported no doubt partially by middle-class patrons stepping down the (segregated) social ladder for access to alcohol during prohibition years, the praxeology of this event would be inseparable from the "authentic culture" Af-Ams brought with them from the continent, more so than libertine pleasure seeking which has rarely (if ever) produced any abiding fine art - both "pleasure" and "puritan" principles have co-existed in the black community, presenting much the same set of social conflicts as presented by the dichotomy of "repatriation" and "reparation", or that of "nationalism" and "integration", as contradictory threads in the evolution of Af-Am theology and ideology
(one of the views I hold, not yet established academically, is that Pan-Africanism is an american and christian contribution to black thought that predates the rise of the Marcus Garvey movement by at least David Walker's "Appeal")
Riggenbach offers another interesting read - all I would say is if the exclusive pursuit of pleasure resulted in the birth of jazz, "America's classical music" (US Congress), complete with full time professional musicians, supported no doubt partially by middle-class patrons stepping down the (segregated) social ladder for access to alcohol during prohibition years, the praxeology of this event would be inseparable from the "authentic culture" Af-Ams brought with them from the continent, more so than libertine pleasure seeking which has rarely (if ever) produced any abiding fine art - both "pleasure" and "puritan" principles have co-existed in the black community, presenting much the same set of social conflicts as presented by the dichotomy of "repatriation" and "reparation", or that of "nationalism" and "integration", as contradictory threads in the evolution of Af-Am theology and ideology
(one of the views I hold, not yet established academically, is that Pan-Africanism is an american and christian contribution to black thought that predates the rise of the Marcus Garvey movement by at least David Walker's "Appeal")
Our Superficial Scholars, a Rhodes scholar laments the 'liberal arts'
Our Superficial Scholars
the same could be said of our professional economists, they look startled and bewildered by straight questions, and are reduced to babbling minutiae when their shallow understanding is exposed and contrasted with the inherent vanities of their jargon
the same could be said of our professional economists, they look startled and bewildered by straight questions, and are reduced to babbling minutiae when their shallow understanding is exposed and contrasted with the inherent vanities of their jargon
Why Investors Can't Get More Cash Out of U.S. Companies
Why Investors Can't Get More Cash Out of U.S. Companies
from the Journal's resident "intelligent investor" a la Benjamin Graham
from the Journal's resident "intelligent investor" a la Benjamin Graham
Friday, February 18, 2011
China Raises Reserve Ratio to 19.5%
China Raises Reserve Ratio to 19.5%
if a huge country keeps a 1:5 capital ratio going while the rest of the world pursues the thin ice of 1:15 it takes no keynesian 'rocket science' to figure out what will result "in the long run" - if you care about preserving the value of your savings, where would you put your money? in which scenario would your assets enjoy greater price stability? trust your instincts, people, for goodness sakes', if you ever do it, trust yourselves now
if a huge country keeps a 1:5 capital ratio going while the rest of the world pursues the thin ice of 1:15 it takes no keynesian 'rocket science' to figure out what will result "in the long run" - if you care about preserving the value of your savings, where would you put your money? in which scenario would your assets enjoy greater price stability? trust your instincts, people, for goodness sakes', if you ever do it, trust yourselves now
Spot Silver Hits 30-year Highs
Spot Silver Hits 30-year Highs
calling Long John Silver, calling Long John Silver, time to trade in the beard, old boy, and get respectable again
calling Long John Silver, calling Long John Silver, time to trade in the beard, old boy, and get respectable again
to hell with Dodd-Frank and Basel III, says the empire
Banks Find Loophole In Capital Rules (WSJ)
Barclay's wants to skate on the thin ice of sub 2% capital reserves, to hell with Dodd-Frank and Basel III - the Rothschild era financial empire (only ignorantly described as free market capitalism) was built on fractional reserves, sovereign debt and warfare anyway, so why would they want to change what works so well for them? I think they will work the formula to death, quite literally, history does not indicate any probability of self-correction, only obstinacy in a dogged resolve founded on error but cultivated over millennia - theft is an adequate method for acquiring wealth, but never wisdom
all that is needed is for the professional ignorami of the economics community to keep parroting self-serving lies about the "market failures", the pernicious "runs on banks", the frequent (completely rational) "panics" that reserves are vaporous, the need for sovereign theft of capital on behalf of the mythic "stability of the system", and soon enough the Keynesian dream of a global monopoly fiat currency system will be in place - a few libertarians hollering at the gates of democracy are hardly a cause for concern to the high and mighty, are they? a few well-aimed bullets, a few prison sentences, perhaps a dictator or two, perhaps a new populist utopia (Wanted: charismatic global messiah for environmentalism; prior knowledge not critical, relevant training will be provided, long hair is preferred) and poof! the problem disappears, right? :)
UPDATE from FT:
Lehman seeks $10bn clawback in Barclays suitBy Greg Farrell in New York
Published: November 17 2009 00:48 | Last updated: November 17 2009 00:48
Attorneys representing the estate of Lehman Brothers filed a lawsuit on Monday against Barclays Capital, seeking to claw back as much as $10bn (£5.9bn) that it claims was transferred to the UK bank last year in the frenzied days following Lehman’s bankruptcy.
The suit is the culmination of a one-year quest by Alvarez and Marsal, the consultancy hired by Lehman following its sudden bankruptcy filing in September 2008, to determine whether billions of dollars worth of assets were improperly transferred to Barclays when it negotiated a deal to acquire the remains of Lehman.
Barclay's wants to skate on the thin ice of sub 2% capital reserves, to hell with Dodd-Frank and Basel III - the Rothschild era financial empire (only ignorantly described as free market capitalism) was built on fractional reserves, sovereign debt and warfare anyway, so why would they want to change what works so well for them? I think they will work the formula to death, quite literally, history does not indicate any probability of self-correction, only obstinacy in a dogged resolve founded on error but cultivated over millennia - theft is an adequate method for acquiring wealth, but never wisdom
all that is needed is for the professional ignorami of the economics community to keep parroting self-serving lies about the "market failures", the pernicious "runs on banks", the frequent (completely rational) "panics" that reserves are vaporous, the need for sovereign theft of capital on behalf of the mythic "stability of the system", and soon enough the Keynesian dream of a global monopoly fiat currency system will be in place - a few libertarians hollering at the gates of democracy are hardly a cause for concern to the high and mighty, are they? a few well-aimed bullets, a few prison sentences, perhaps a dictator or two, perhaps a new populist utopia (Wanted: charismatic global messiah for environmentalism; prior knowledge not critical, relevant training will be provided, long hair is preferred) and poof! the problem disappears, right? :)
UPDATE from FT:
Lehman seeks $10bn clawback in Barclays suitBy Greg Farrell in New York
Published: November 17 2009 00:48 | Last updated: November 17 2009 00:48
Attorneys representing the estate of Lehman Brothers filed a lawsuit on Monday against Barclays Capital, seeking to claw back as much as $10bn (£5.9bn) that it claims was transferred to the UK bank last year in the frenzied days following Lehman’s bankruptcy.
The suit is the culmination of a one-year quest by Alvarez and Marsal, the consultancy hired by Lehman following its sudden bankruptcy filing in September 2008, to determine whether billions of dollars worth of assets were improperly transferred to Barclays when it negotiated a deal to acquire the remains of Lehman.
Saturday, February 12, 2011
What Can the Law of Diminishing Marginal Utility Teach Us? Thorstein Polleit
What-Can-the-Law-of-Diminishing-Marginal-Utility-Teach-Us
Axel Weber understands this, I'll bet, he doesn't want to be remembered as the traitor who shafted the Germans to save the lazy and the criminal :)
Axel Weber understands this, I'll bet, he doesn't want to be remembered as the traitor who shafted the Germans to save the lazy and the criminal :)
Thursday, February 10, 2011
Obama: Get U.S. on Wi-Fi track | The Detroit News
Obama: Get U.S. on Wi-Fi track | detnews.com | The Detroit News
I hadn't realized there was a new plan, this time 98% of Americans will get 4G broadband in 5 years at a cost of $5 billion - does this mean the gov is going to compete with AT&T and Verizon? a twist of good old Lenin, but at least he had really read von Mises (unlike Keynes) on price mechanism failure and felt the need to "organize competition"
I hadn't realized there was a new plan, this time 98% of Americans will get 4G broadband in 5 years at a cost of $5 billion - does this mean the gov is going to compete with AT&T and Verizon? a twist of good old Lenin, but at least he had really read von Mises (unlike Keynes) on price mechanism failure and felt the need to "organize competition"
hmm, Axel Weber does not want the ECB chair? Why, I wonder
Merkel Likely to Press Weber to Step Down
intriguing noises from Germany indeed - I have to say, that Angela Merkel has real courage, I like her
intriguing noises from Germany indeed - I have to say, that Angela Merkel has real courage, I like her
Suspicion Of Forex Gouging Spreads (WSJ)
Suspicion Of Forex Gouging Spreads (WSJ)
another one of those "oops, sorry" moments for the regulated 'market maker' cartel
Rogoff and Rajan Discuss Risks of Currency War
another one of those "oops, sorry" moments for the regulated 'market maker' cartel
Rogoff and Rajan Discuss Risks of Currency War
Thursday, February 3, 2011
Rand Paul: U.S. Senate Floor - 02/02/11
excellent speech, from a 'regular guy' politician, with "keen intellect and rare passion" (McConnell) - the mid-term exit polling indicated a 4:1 preference for military cuts, and a 2:1 preference for entitlement cuts, over welfare cuts - it would seem to me the whole point of "compromise" would be to most accurately enact the will of the people
Wednesday, February 2, 2011
Tuesday, February 1, 2011
the assault on Internet freedom, from John Kerry's brother
these idiots are going to "protect" us? from who, Google and Facebook? these people drone on with their 100-year old, tired set of lies and scare tactics as if people are still buying it - let's find a "problem" so we can get our greedy fingers into this $10 trillion pie - get it straight, people, what this means is that when you give your data to Google or Facebook, the government wants to look at it too, because you're too dumb, you see, so this type of idiot is going to "protect" you! :)
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