News

Our Oklahoma Governor and State Legislature appear to be in violation of the U.S. Constitution with their action in taxing us with online purchases.

Article I Section. 10 of the U.S. Constitution:
“No State shall, without the Consent of the Congress, lay any Imposts or Duties on Imports or Exports, except what may be absolutely necessary for executing it’s inspection Laws: and the net Produce of all Duties and Imposts, laid by any State on Imports or Exports, shall be for the Use of the Treasury of the United States; and all such Laws shall be subject to the Revision and Control of the Congress….”
#taxationistheft

Source Post

In a classic account of why prohibitions and other economic restrictions harmful to consumers arise and persist, economist Bruce Yandle noted that such restrictions are often promoted by a coalition between two groups. The first group are morally motivated do-gooders (“Baptists”) who think that the restrictions will…

The post Baptists and Bootleggers in the Organized Effort to Restrict the Use of Cash appeared first on Alt-M.

Whenever a government agency gains a new power, there’s a risk that, whatever the power’s original intent, it will end up being put to other uses, perhaps good, but often bad. Such is the case for the Fed’s power to pay banks interest on their Federal Reserve…

The post Interest On Reserves: A Secret Fiscal Weapon We’re Better Off Without appeared first on Alt-M.

News accounts and analyses on other blogs have usefully described and critically assessed the “demonetization” shock that Prime Minister Narendra Modi gave the Indian economy on November 8. Here we emphasize two features of Modi’s initiative that have been little noticed. First, the combination of demonetization followed…

The post India’s Currency Cancellation: Seigniorage and Cantillon Effects appeared first on Alt-M.

I have been vigorously recommending that President-elect Trump replace Richard Cordray as director of the Consumer Financial Protection Bureau (CFPB). I still think that replacing Director Cordray is necessary for reasons I’ve enumerated elsewhere; but on Friday the CFPB filed a petition for a rehearing of a…

The post The Long Path to Director Cordray’s Removal appeared first on Alt-M.

On election night, former New York mayor Rudy Giuliani told MSNBC interviewer Chris Matthews that Donald Trump’s victory, after a campaign against the elites and insiders, was like Andrew Jackson’s first presidential victory. At the end of his first term in office, Jackson cut the federal government’s…

The post What will Donald Trump’s Presidency Mean for the Federal Reserve? appeared first on Alt-M.

Here’s my post-election prediction: the left will suddenly become very interested in limiting the power of the federal government. Expansive executive power was great when their guy was in charge. But in a few months, Donald J. Trump inherits all of that unconstitutional presidential authority. For years, I’ve preached the danger of ignoring Constitutional limits just…

ok-supreme-courtOn November 8th, two of the nine State Supreme Court Justices will be on our ballot for retention. I strongly encourage my fellow Oklahomans to stand for the right to life of Oklahoma’s unborn children and VOTE NO for the retention of Douglas L. Combs, and James R. Winchester to the Oklahoma Supreme Court.

I was just about to treat myself to a little R&R last Friday when — wouldn’t you know it? — I received an email message from the Brookings Institution’s Hutchins Center. The message alerted me to a new Brookings Paper by former Minneapolis Fed President Narayana Kocherlakota….

The post Rules, Discretion, and Audacity: A Critique of Kocherlakota appeared first on Alt-M.

(The Center for Monetary and Financial Alternatives has recently launched a new program, in cooperation with our colleagues in Cato’s Center for Constitutional Studies, aimed at influencing policy through the legal system. The program, led by Thaya Brook Knight, strategically files amicus briefs in cases throughout the…

The post Miami Vice appeared first on Alt-M.