The Black Swan In Plain Sight—Debt Out The Wazoo

"Washington has suspended it way into a $5.7 trillion increase in the public debt in just six years since October 2011. That is, during a period which supposedly constitutes the third longest business expansion in US history. At the end of the day, you can't borrow your way to prosperity. That's the oldest rule in the book of sound money and sustainable finance. And it's about ready to be learned all over again."

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The Ponzi scheme that’s more than 100x the size of Bernie Madoff

"Credit-rating agency Moody’s estimates state, federal and local government pensions are $7 trillion short in funding. And corporate pension funds are underfunded by $375 billion. One of the big drivers behind this is that investment returns are way too low. Today with government bonds yielding 3% or less (and in some cases bond yields are NEGATIVE), they aren’t achieving their targets. One or two years with sub-optimal investment returns is not catastrophic. But it’s been like this now for a decade. And that’s just problem #1. Problem #2 is that the ratio between workers and retirees is moving in the wrong direction."

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Is Government Really The Price Of Civilization?

"The infrastructure-building, law-codifying, biopolitical states of antiquity are not the starting points of universal history for Scott, as they were for both Marx and liberal historians. They are instead a kind of usurpation of a longer and quite possibly richer human practice of mobility and freedom."

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Lawsuit Seeks To Eliminate Warrantless Border Electronics Searches

"The EFF and ACLU are among the civil liberties groups that believe CBP and ICE are overstepping their powers through their electronic device searches. The groups recently filed a lawsuit in federal court on behalf of several U.S. citizens whose devices were searched and/or detained. The EFF/ACLU lawsuit regularly references the disconnect between these border searches and any evidence of a violation of immigration or customs laws."

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When Unpaid Student Loan Bills Mean Being Banned From Working

"Blocking licenses is a more aggressive weapon, and states are using it on behalf of themselves and the federal government. Proponents of the little-known state licensing laws say they are in taxpayers’ interest. But critics from both parties say the laws shove some borrowers off a financial cliff."

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