"We can pretend that the Constitution is still our governing document. However, the reality we must come to terms with is that in the America we live in today, the government does whatever it wants, freedom be damned. Here is what it means to live under the Constitution today."
"Between 2012 and 2015, the DOD shelled out $53 million to professional sports—including $10 million to the NFL—on 'marketing and advertising' for military recruitment. To be sure, some of that was bona fide advertising. But many of those heart-tugging ceremonies honoring heroes and recreating drills and marches and flyovers are what the report denounced as propaganda. Of course, this being government, no one is really sure how much has been spent or where the money went."
"The Islamophobes see themselves as politically incorrect truth-tellers; as bold and blunt opponents of the radicals and the extremists. The reality is that they are the accomplices, the unpaid agents, of those very same radicals and extremists. Every terrorist needs a Katie Hopkins. It is one of the great ironies of our time — those who shout loudest about the threat posed by ISIS are often the biggest propagandists for ISIS." Continue reading →
"There's just something about uniforms that garner an almost naïve trust. People trust uniforms. Most of us obey the word of those clad in uniforms to an almost Stanford Prison Experiment-esque degree." Continue reading →
"The shift also comes after a political campaign that saw party orthodoxy upended on both sides of the aisle." Continue reading →
"A dad returning from Mexico with his 3-year-old daughter was briefly detained on suspicion that he was engaged in sex trafficking. (And not to pile on, but it was a United flight.) Despite papa having her passport, his passport, and a notarized letter from the mom saying that she gave them her permission to travel, the authorities felt compelled to act upon a 'tip'—a tip that was nothing more than a passenger's hysteria-fueled hunch that 3-year-olds are being trafficked right and left in the USA." Continue reading →
"The agency that controls monetary policy for the United States has an unlimited amount of money to buy support, compliance, or least silence within that segment of professionally trained economists that specializes in money and banking. The Federal Reserve gets to keep all the money that it wants for operations. It has to turn back over to the Treasury Department any money that is not used for operations, but it does not answer to Congress or the Treasury with respect to how it spends its money. This means that the Federal Reserve has essentially unlimited funds available to buy off those critics who might challenge Federal Reserve policy." Continue reading →
"Federal Reserve Chair Janet Yellen is concerned that the standard models central banks use to forecast inflation may be broken. Behind her disquiet: the failure of the models to foresee the path of prices in the U.S. during the last recession and its aftermath and in Japan during its deflationary period from 1998 to 2012. U.S. inflation has been higher than the simulations suggested, while Japanese price declines proved more persistent. Yellen alluded to her concerns in a speech last week, saying the Fed has to 'watch carefully' to see if inflation picks up as the central bank projects -- and hopes -- during the next few years." Continue reading →
"There is no need for central banks’ balance sheets to shrink. They could stay permanently larger; and, for some countries, permanently bigger central-bank balance sheets will help reduce public-debt burdens. Even when permanent monetization occurs — as it almost certainly will in Japan and possibly elsewhere — it may remain forever the policy that dare not speak its name. Such reticence may serve a useful purpose. But it must not blind central banks and governments to the full range of policy tools available to address today’s severe debt overhangs." Continue reading →
"Debt can either be repaid or be defaulted on. Destroying the purchasing power of money through inflation is one way to default on the debt. Simply not paying the debt is the other option. In both cases, savers, ‘thrifty pensioners’, and the customers of banks, insurance companies, and pension funds will suffer, and in the inflationary scenario everybody will suffer greatly. Sadly, the massive printing of money and accumulation of debt that has occurred since the termination of the gold standard and the adoption of limitless state fiat money and pro-growth central banking has now brought us to a point where defaults appear to be unavoidable. This is not some great reset. It is a man-made catastrophe." Continue reading →