Showing posts with label monetary. Show all posts
Showing posts with label monetary. Show all posts

February 12, 2018


Convictions thrown out after police caught paying labs for positive DUI test results

fromTheFreeThoughtProject: A judge has ruled that the practice of state forensics labs receiving financial compensation for positive tests that lead to DUI convictions is unconstitutional. 
Police State America    The Government is Not Us

CNN’s reporting not holding up too well

fromConsultingByRPM: A look back at CNN's now debunked contention that infamous Steele dossier was not fake nor funded by the Clinton campaign.
Indoctrination and Censorship     Media Bias on Parade

When will it stop? Conservatives who vowed to cut spending keep spending

fromMcClatchyDCBureau: Old Chinese Proverb: When I talk, I put on my mask. When I act, I take it off.
Economic Policy: Statism Versus The Free Market      The Government is Not Us

Journalists "begging" not to be told about surveillance abuses; "propagandists" in newsrooms

fromZeroHedge: Investigative reporter Sharyl Attkisson said she has never seen journalists "so uncurious and begging" not to be told about alleged or supposed violations of citizens rights.
Indoctrination and Censorship     Media Bias on Parade

VIDEO: Milton Friedman - What is Monetary Policy?

fromLibertyPen/YouTube: Professor Friedman brilliantly explains monetary policy, what money really is, the Federal Reserve and the price system.
Economic Policy: Statism Versus The Free Market

$20 billion hidden in the swamp: Feds redact 255,000 salaries

fromZeroHedge: The only thing the bureaucratic resistance hates more than President Trump is the disclosure of their own salaries.
Politics and Other Official Acts of Corruption      The Government is Not Us

Dominic Frisby: Why We Should Fear A Cashless World

Government monitoring can be complete.  The health food chain Tossed has just opened the UK’s first cashless cafe. It’s another step towards the death of cash. This is nothing new. Money is tech. The casting of coins made shells, whales’ teeth and other such primitive forms of money redundant. The printing press did the same for precious   ... MORE

Two BIG Reasons NOT To Keep Your Cash In The Bank

by Mark Nestmann.     Don't lose your life savings. It’s bad enough depositing your money into a bank account and earning essentially zero interest on it, or in some countries, having a negative interest rate. It’s even worse knowing that once you deposit your money in a bank, it’s not really yours anymore. You have turned over your property to    ... MORE

How The Media Is Lying To You About Economic Recovery

from the Daily Bell.    "The missing piece from the economic recovery has finally materialized. Median household income, adjusted for inflation, is now higher than it was before the recession that began at the end of 2007, according to new data published by Sentier Research." –Yahoo So incomes are rising again. Presumably, this is supposed to mean   ... MORE

Glenn Reynolds: Cash Is The Currency Of Freedom

Facilitating voluntary transactions.      Former Treasury secretary Larry Summers wants to get rid of the $100 bill. But I think he has it exactly backward. I think we need to restore the $500 and $1000 bills. And the reason is that people like Larry Summers have done a horrible job. Summers wrote recently in The Washington Post that the $100  ... MORE

Ted Cruz Wants To Return To The Gold Standard

by Ralph Benko.      The LA Times’s Pulitzer Prize (for beat reporting) winning Michael Hiltzik recently wrote a column slamming the GOP field in general and one of the two front-runners, Ted Cruz, in particular: The worst idea in the presidential debate: a return to the gold standard. Mr. Hiltzik thereby joins with a lot of usual suspects, like Paul     ... MORE

Frank Holmes: Sweden Has Declared War On Cash

Big government paradise.  Among the endangered species in Sweden are the gray wolf, European otter—and cash. Back in June, I shared with you the story of how, in 1661, the Scandinavian monarchy became the first country in the world to issue paper money. (It was an unmitigated disaster, by the way.) Now it might be the first to ban it altogether.   ... MORE

Mike Bird: This Is How A Central Bank Could Kill Off Cash And Bring In Negative Interest Rates On Your Savings

A bank may not be the best place for your money.   Since the financial crisis, the world's understanding of economics has been undergoing a lot of rapid change. Ideas that would have been considered crazy just a decade ago are now seen as much more likely. One of those ideas is that central banks could bring in negative interest rates. ... MORE

Stephen Moore: America's $12 Trillion House of Cards

A precarious situation indeed.       What is the price tag for the audacious Obamanomics experiment? How much has it all cost — the bailouts, the debt, the stimulus plans, the printing of cheap money, Obamacare and all the rest? The answer to that question is just shy of $12 trillion. That's the sum of the $8.3 trillion added to the national   ... MORE

Scott Sumner: Milton Friedman Saw The Euro Crisis Coming

He predicted Europe's current problems 17 years ago.  Among the general public, Milton Friedman is mostly remembered for the libertarian views outlined on his PBS show Free to Choose.   Among economists, he is best known for his monetarist position on Fed policy. What's less well known is that he was also a soothsayer,         ... MORE

Lawrence J. McQuillan: The United States Of America Now Has Less Economic Freedom Than Chile, Jordan, Or Taiwan

The verdict on hope and change is in.    Today the Fraser Institute in Vancouver, Canada, released the 2015 Economic Freedom of the World Report (pdf) and it’s bad news for the United States, where economic freedom is falling. The U.S. ranks only 16th in economic freedom trailing Chile, Jordan, and Taiwan. The EFW Report measures the level  ... MORE

John Crudele: Why The Federal Reserve Should Be Audited

Because ignorance is not bliss.  It is time for a comprehensive audit of Janet Yellen ’s Federal Reserve — and not just for the reasons presidential candidate Rand Paul and others have given. The Fed needs to be audited to see if its ruling body has broken the law by manipulating financial markets that are outside its jurisdiction. A thorough    ... MORE

Joseph T. Salerno: Why Government Hates Cash

Overlords favor supervised spending.    In April it was announced that Greece was imposing a surcharge for all cash withdrawals from bank accounts to deter citizens from clearing out their accounts. So now the Greeks will have to pay one euro per 1,000 euros that they withdraw, which is one-tenth of a percent. It doesn’t seem very big, but the ... MORE

Keith Weiner: They’re Coming To Take Away Your Cash

Do banks serve you or politicians?   The stories are all over the Internet. Governments are forcing us into a cashless society. Supposedly the pretext is terrorism, and the real reason is to take more control. No doubt more power appeals to politicians, and banning cash seems like the next step after mandatory reporting of cash transactions.        ... MORE