Mad Statists

Predators in Your Backyard?

"This 2010-11 BBC documentary, Predators in Your Backyard, shows how 'Rewilding' is being accomplished in the US and other places. They state up front that this is a dangerous experiment but strangely fail to show the real downsides to the actual project. For instance, the BBC film would leave you believing that the reintroduction of wolves in the west has been an unparalled success. The Predators in Your Backyard gives the viewer the impression that efforts to reintroduce predators such as the wolf, bear and panther, into areas of human habitation are edgy projects but also entirely noble ones." Continue reading →

Continue ReadingPredators in Your Backyard?

Obama in crossfire as battle for control of the Fed heats up

"At stake is the chairmanship of an organization whose global influence has grown ever larger in recent years. The impact of the Fed’s policies can be seen everywhere. On top of its global role, the Fed has beefed up its activities as regulator in the US. Whoever gets the job will be taking over a position more powerful than the one Bernanke inherited when he was appointed in 2006. Obama said recently that the appointment 'is definitely one of the most important economic decisions I will make in the remainder of my presidency. The Federal Reserve chairman is not just one of the most important economic policymakers in America. He or she is one of the most important policymakers in the world.'" Continue reading →

Continue ReadingObama in crossfire as battle for control of the Fed heats up

Innocents Betrayed [2003]

"You’ll see the photos, the footage, the people, the faces. You’ll read the laws and hear the proclamations. You’ll witness just enough horror to understand how easy it is for armed killers to slaughter the disarmed, the powerless, the innocents. Genocide examples from all over the world: Russia, China, Germany, Cambodia, Guatemala, Uganda, Rwanda and more. Examples showing how disarmed people in America have suffered persecution, mass murder, slavery, and terrorist attacks. A fast-moving, modern production, Innocents Betrayed presents the entirely true accounts of how civilian disarmament made possible the killing of millions. The point is made sharply, clearly, unforgettably." Continue reading →

Continue ReadingInnocents Betrayed [2003]

Genocide: Worse Than War [2010]

"Watch Daniel Goldhagen's ground-breaking documentary focused on the worldwide phenomenon of genocide, which premiered on PBS on April 14, 2010. 'By the most fundamental measure -- the number of people killed -- the perpetrators of mass murder since the beginning of the twentieth century have taken the lives of more people than have died in military conflict. So genocide is worse than war,' reiterates Goldhagen. 'This is a little-known fact that should be a central focus of international politics, because once you know it, the world, international politics, and what we need to do all begin to look substantially different from how they are typically conceived.'" Continue reading →

Continue ReadingGenocide: Worse Than War [2010]

Gun Crime ‘Out of Control’ Despite Strict Australia Laws

"As former Australian politician Tim Fischer turns the shooting of Christopher Lane into an opportunity to push a travel boycott until the U.S. changes its gun laws, police in Sydney launched 'a new plan to tackle out-of-control gun violence' there. Australia implemented a massive purge of guns in 1996, which included bans on 'assault weapons' and other semi-automatic rifles and shotguns. Yet 17 years after the implementation of gun control schemes that are very similar in many ways to those being pushed by Sens. Dianne Feinstein (D-CA), Joe Manchin (D-WV), and Chuck Schumer (D-NY), the NSW police department is launching a new operation to rein in gun violence." Continue reading →

Continue ReadingGun Crime ‘Out of Control’ Despite Strict Australia Laws

Henry Hazlitt at The New York Times

"Hazlitt was the top man in economics at the most influential newspaper in the world during the most important period of revolution in the history of the United States. This is not a story that the American Left is aware of. Hazlitt was the most prominent disciple of Ludwig von Mises in the United States during these years. He was by far the most effective voice of liberty in the country, both in his ability to write and the influence of his position. The American Right forgets this. In an era of neoconservative dominance, Hazlitt’s libertarianism is not part of an intellectual legacy that the leadership of the conservative political movement chooses to highlight." Continue reading →

Continue ReadingHenry Hazlitt at The New York Times

Brazilian Central Bank Launches Intervention Program To Stop The Bleeding

"The new intervention program announced by the BCB Thursday sees the central bank offering $500 million of dollar swaps in the currency derivatives market on a daily basis for the rest of 2013, and $1 billion of FX spot lines on Fridays. Essentially, the BCB is taking a big short position in the U.S. dollar. The BCB is conducting the majority of the real-bolstering intervention in the derivatives market as opposed to the spot market because under the latter scenario, the central bank has to burn through the U.S. dollar component of its foreign reserves in order to prop up the currency, whereas with swaps, foreign reserves don't come into play." Continue reading →

Continue ReadingBrazilian Central Bank Launches Intervention Program To Stop The Bleeding

Debt of One Quadrillion Yen? Not a Problem

"Haruhiko Kuroda doesn’t wear a wizard’s hat when he arrives at Bank of Japan headquarters each morning. Kuroda has done something truly supernatural in his five months as governor of the central bank. The more yen he conjures up to produce inflation, the more he mesmerizes markets. Yet a week after Japan’s IOUs reached the 1 quadrillion yen ($10.28 trillion) mark, yields have actually declined. What is Kuroda’s secret? The first is what economists call 'financial repression' -- essentially transferring money via monetary policy from citizens to the government. The second is outright monetization of public debt." Continue reading →

Continue ReadingDebt of One Quadrillion Yen? Not a Problem

Poll Finds Few Think We’re Winning War on Drugs

"Four decades after President Richard Nixon ushered in the modern war on drugs, fewer than one out of 20 Americans think it is being won, according to a new poll. A Rasmussen Reports poll released on Sunday found that only 4% of respondents believe that the US is 'winning' the war on drugs. Some 82% said it is 'losing.' 'Americans continue to overwhelmingly believe that the so-called war on drugs is failing, but they are more divided on how much the United States should be spending on it,' Rasmussen concluded. The Rasmussen poll also revealed a public deeply divided over what to do about it." Continue reading →

Continue ReadingPoll Finds Few Think We’re Winning War on Drugs

Wanted: A Boring Leader for the Fed

"Quantitative easing has amounted to an audacious experiment in trickle-down economics. Among other things, it has artificially boosted the stock market in the hope that enriching a few — the top 1 percent of American households owned 42 percent of the nation’s financial assets in 2010 — will help the many. Meanwhile, retirees who don’t dare buy stocks have seen their modest bank deposits stagnate with interest rates near zero. Economists hate to admit it, but the profession is as much faith as science. Counting on monetary policy to secure full employment is like attempting vascular surgery with a dull ax." Continue reading →

Continue ReadingWanted: A Boring Leader for the Fed