Archive for September, 2009

A Real Scandal the Mainstream Media Won’t Touch »

Sibel Edmonds, U.S. translator-turned gagged whistleblower, describes in her interview by Philip Giraldi in The American Conservative about one of the greatest scandals of our time, involving serious breaches of national security and foreign lobbyists blackmailing members of Congress. Stories like this are usually buried, however, as more superficial scandals always seem more sexy...
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TARP After One Year: Was It Necessary? Did It Work? »

The Troubled Asset Relief Program (TARP) is a year old now. On September 19, 2008, Treasury Secretary Henry Paulson announced the need for a $700 billion program to purchase toxic assets held by banks to prevent a financial meltdown, and after some modification TARP was rapidly approved by Congress on October 3. Looking back...
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Progressive Claptrap »

You need a strong stomach to endure the messages disseminated by the mainstream news media, especially by its premier outlets, such as the New York Times. Of course, at this late date, nobody expects anything like political nonpartisanship or sound economic analysis from the Times, yet one continues to hope that the writers will...
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Federal Health Care Reform, Paid For By the States, and the 17th Amendment »

One of the interesting things about the Baucus health care reform bill now under consideration by Congress is that it will place a large financial burden on state governments, while state governments already consider themselves fiscally overburdened. You would think that governors and state legislators would be up in arms about this, but I’ve...
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Hyper-Inflation, Up Close and Personal »

Dear Anonymous Donor: Thank you for your contribution of a 2008 1,000,000,000,000 Zimbabwean dollar (ZWD) note, received by mail today. We note that the Zimbabwean government redenominated the ZWD again on February 2, 2009, at a rate of 1,000,000,000,000 old ZWD to 1 new ZWD, and as I write this your donation is currently...
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Contest to Reward Essays about Government Parasitism »

The 2010 Sir John M. Templeton Fellowships Essay Contest is underway. Open to college students (undergraduates and grad students) and untenured college teachers from around the world, the contest will award a total of $26,500 in prize money for the best essays addressing a question prompted by political economist Frederic Bastiat. “Everyone wants to...
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Taxed if You Do, Taxed if You Don’t »

Federal, state and local taxes customarily are due when you choose to do something, such as buy a pack of cigarettes, a gallon of gasoline, a new set of tires, a bottle of liquor or wine, a bracelet or a ring, or take a job and earn income. No tax is due if you...
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How Far We’ve Slid »

It’s now, relatively speaking, a “victory” for civil liberties that Obama is reverting to the Bush detention policy, rather than adopting an even worse policy.

Sexual Harassment Procedures: The Orwellian Nightmare »

Everyone knows the famous Miranda decision requiring the accused to be informed of their rights. This decision became one of the keystones of modern liberal due process. If the accused is not informed of their rights, a police state may run rough shod over those alleged to have committed crimes.

Forget Miranda and all that “innocent before guilty” nonsense. Welcome to the wonderful new world of “Sexual Harassment Procedures” . . . .

The irony is rich: our campus, like so many others, has witnessed criticism of George W. Bush, the Patriot Act, Guantanamo Bay procedures on the grounds that due process is lacking and the government shields itself from scrutiny. Yet here we are with procedures that bear an eerie resemblance to the Bush-era action.

Coming Soon: “Mercantilism: A Love Story” »

Judging from the previews, Michael Moore’s latest, “Capitalism: A Love Story,” ought better be titled as above. Someone, quick, give him a copy of Adam Smith’s A Wealth of Nations and explain to him that the best way to stop corporations from taking advantage of government largesse distributed at the expense of the politically...
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