michaelsuede

FDIC Hits Record "Default" Level

Zero Hedge reports: FDIC Hits Record “Default” Level As Deposit Insurance Fund Plunges By $12.7 Billion To NEGATIVE 20.9 Billion Of course, what’s really important are the Zero Hedge user comments – which I find ridiculously humorous. Ahhh, I love the smell of financial collapse in the morning. Chillax. Take your soma. You will get…

The Law Must Not Be Questioned

If individual members of society were to question the law, society would devolve into chaos.  Mass anarchy would ensue.  Murderers would be running wild in the streets.  Armed thugs would be breaking into peoples homes.  Rapists would take up permanent residence in college dormitories.  Cats and dogs living together, mass hysteria! I reject these arguments…

LOL @ Laffer Curve – Walter Block

Walter Block is my hero. Only a real conservative could come up with this one: Suppose we are on the upper part of the Laffer curve. That means that if the tax rate is lowered, greater tax revenues will accrue to the government.1 Stipulate that the state is an evil institution. This is a libertarian…

Wear A Clown Mask – GO TO JAIL!

Good lord. I mean seriously people. This is a free country? Tampa Bay.com reports: TAMPA — An 18-year-old Tampa man was jailed Tuesday afternoon, charged with wearing a clown mask on a public road… He was released on $750 bail. Hillsborough County Sheriff’s Office spokeswoman Debbie Carter said any disguise in public is illegal. Even…

New Home Sales Implode

Its about time. The WSJ reports: WASHINGTON—U.S. sales of new homes fell 11.2% in January, setting a record low and erasing all gains in the market for new homes during the past year, as the economy recovers from recession. Demand for single-family homes fell 11.2% from the previous month to a seasonally adjusted annual rate…

Free Bernie Madoff

Mises’s Jeffery Tucker argues Bernie Madoff should be freed from prison. It always makes me mad when I miss the obvious.  Jeffery’s keen sense of morals and rational dispassionate logic never ceases to amaze me. Think about this. Madoff’s “victims” were willing dupes in an investment scheme they chose to participate in without thoroughly investigating.  …

Photographer films his own 'anti-terror' arrest

This is a must watch video.   The Guardian reports: Police questioned an amateur photographer under anti-terrorist legislation and later arrested him, claiming pictures he was taking in a Lancashire town were "suspicious" and constituted "antisocial behaviour". Footage recorded on a video camera by Bob Patefield, a former paramedic, shows how police approached him and…

Taxes Are Not a Duty

Without taxes, society would devolve into chaos.  There would be mass civil unrest.  Roads would fall into disrepair.  The public would be illiterate. People would be starving in the streets.  Dogs and cats living together, mass hysteria! I reject these arguments; and you should too if you believe prosperity is rooted in freedom. Let us…

White House Offers Bribe To Sestak Not To Run Against Specter

The American Spectator is reporting the Obama administration offered U.S. Rep. Joe Sestak a “high-ranking” government post if he would not run against U.S. Sen. Arlen Specter in Pennsylvania’s Democratic primary. Reportedly Sestak was offered the positions of Secretary of the Navy and a position within the U.S. Agency for International Development. Sestak is a…