Articles involving crony-capitalism and tyrannical government.
Zero Hedge notes: For four decades, US real per capita disposable income has risen at ~20% a decade. For the average working man, that is a doubling of disposable income in a typical working life. The last 5 1/2 years, however, have seen no change whatsoever - the worst performance in at least half a century. I’m going to...
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Raw Story reports: Nearly one in three Americans will already have been arrested by the age of 23, recent research suggests. A study analyzing data from the federal government’s National Longitudinal Survey of Youth found that 30.2 percent of 23-year-olds reported being arrested for something more serious that a traffic violation. It’s the first time since...
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Zero Hedge reports: It’s a doozie. On December 24, the cabinet approved a draft budget for fiscal 2012 whose headline numbers were horrid enough: ¥90.3 trillion ($1.173 trillion) in outlays, ¥42.3 trillion in tax revenues, and a deficit of ¥48 trillion. 49% of the outlays are to be covered by issuing bonds, a record even for...
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A major private intelligence corporation has been hacked down to the root. Everything they have is being dumped on to the web by the attackers. This may have widespread geopolitical consequences. The Huffpo reports: LONDON — The loose-knit hacking movement “Anonymous” claimed Sunday to have stolen thousands of credit card numbers and other personal...
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Ottumwa Courier reports: OTTUMWA — An Ottumwa High School student has been charged with conspiracy to commit terrorism. Police arrested Emily Kay Six, 16, Ottumwa, on Thursday. Officials said they began investigating after Six allegedly began trying to recruit students for what police called “a plan to harm a number of students.” The charge is...
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Wapshott’s gentlemanly manner belies his philosophy’s violent undertones. In this series of videos, Wapshott defends Lord Keynes’ insane economic theories. Wapshott smoothly dishes out the lies with his refined highbrow English accent, making such claims as: -Comparing Hayek to a hired gunslinger -Hayek simply didn’t understand what Keynes was trying to tell him. -It...
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The Mercatus Center at George Mason University has released an outrageous paper by Maurice P. McTigue, Emily Washington and Daniel M. Rothschild that purports to show how government agencies can make themselves more efficient at providing public services. The paper makes 10 recommendations for policy changes that I shall outline and comment on here. The paper argues,...
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Stephan Kinsella, an American intellectual property lawyer and libertarian legal theorist, discusses the First Amendment violations of the Stop Internet Piracy Act. Freedomain Radio is the largest and most popular philosophy show on the web - FreedomainRadio.com Stephan Kinsella’s site: The Libertarian Standard Stephan Kinsella’s co-authored site: Center for the Study of Innovative Freedom
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From Testosteronepit.com Congress is the ideal American institution: it spends far more than it takes in and borrows the difference. We love that. To heck with the future. It means free money, services, wars, and other goodies. At least some of us get to profit from it. And then we blow it or invest...
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Because ideas are property, don’t ya know. The idiocy of owning ideas has now reached the point where BT is claiming that any developer who writes a program that looks up a user’s location in order to build a tailored list of menu options is in violation of this patent. To wit, they have...
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