"Step one: know your enemy. The President's State of the Union address was long: 11 pages, single-spaced. It was standard stuff: a laundry list of Keynesian programs, few of which will get by the House of Representatives. It was an exercise in futility. Fortunately." Continue reading →
"We didn't realize the reaction to criticism that central bankers were rash and their strategic destabilizing would result in a worldwide movement of even MORE activist bankers. You've read it for yourselves now. A 'new breed' of banker is emerging that will grasp the true power of the printing press and pump harder. Yet it simply must be admitted that central bankers don't ever know how much money is too much. There are no tools that exist that can divine the future. If new and bolder central bankers are going to print even MORE money, the booms and busts shall be correspondingly larger. This would seem to be an illogical solution, but in truth, not so." Continue reading →
"We’ve had an endless series of products whose ingredients have been cheapened in order to maintain the price. Consumers won’t be able to taste the difference, the theory goes. So, as the horse-meat lasagna scandal in Europe is spiraling beautifully out of control, we’re now getting hit where it hurts: Maker’s Mark is watering down its bourbon." Continue reading →
"The currency market was thrown into turmoil this week after the G7 - the United States, Japan, Germany, Britain, France, Canada and Italy - issued a joint statement stating that domestic economic policies must not be used to target currencies. The G20 draft merely sticks to previous G20 language on the need to avoid excessive foreign exchange volatility, the delegate said. Others have noted that the United States has created new money in a very similar way to the Bank of Japan, although Federal Reserve Chairman Ben Bernanke insisted the U.S. central bank was acting in line with the G7 statement, 'using domestic policy tools to advance domestic objectives'." Continue reading →
"The currency market was thrown into turmoil this week after the G7 - the United States, Japan, Germany, Britain, France, Canada and Italy - issued a joint statement stating that domestic economic policies must not be used to target currencies. The G20 draft merely sticks to previous G20 language on the need to avoid excessive foreign exchange volatility, the delegate said. Others have noted that the United States has created new money in a very similar way to the Bank of Japan, although Federal Reserve Chairman Ben Bernanke insisted the U.S. central bank was acting in line with the G7 statement, 'using domestic policy tools to advance domestic objectives'." Continue reading →
"US State Representative Mark Warden has added a Bitcoin donation system to his campaign Website, marking the first use of the decentralised virtual currency system by a sitting incumbent politician. He says Bitcoin will allow online transactions that are not 'subject to the inflationary whims of the Federal Reserve or other central banks'. 'This is a cutting-edge technology that is market based, voluntary, and extremely innovative,' counters Warden. 'I have constituents and vendors who prefer this medium of exchange, so it's natural to want to respond to the marketplace.'" Continue reading →
"An Act; To amend chapter 571, RSMo, by adding thereto one new section relating to the manufacture, import, possession, purchase, sale, or transfer of any assault weapon or large capacity magazine, with a penalty provision. This prohibition shall not apply to: Any government officer, agent, or employee, member of the armed forces of the United States, or peace officer, to the extent that such person is otherwise authorized to acquire or possess an assault weapon or large capacity magazine, and does so while acting within the scope of his or her duties." Continue reading →
We're bigger and badder than the left thought...and it's making them crazy.
Author’s Note: This is the seventh in a series of articles about Nebraska’s Medicaid program, the Unicameral’s apparent intent to expand it, and the many reasons why expansion is an uncommonly bad idea. Although they don’t have to be read in order, here are links to the previously-published articles in the series: NE Medicaid Expansion:… more
"Back in 2007, the future U.S. Queen said: 'As president, I will establish universal pre-kindergarten education through a federal-state partnership.' At the time, Hillary's cheerleaders at The New York Times were pitching the project with words like 'neuroscientific'. Obama is the latest in keeping the ball rolling: 'I propose working with states to make high-quality preschool available to every child in America,' he said in his latest State of the Union speech. Perhaps someday, the 'neuroscientific' and 'high quality' Platonist government will make its way into the hospital room, helping Mommies to bring 'new Americans' into the world." Continue reading →