What is the difference between a gangster like Al Capone and a Senator like Harry Reid? One served his time on a prison in the San Francisco Bay . . . . . . While the other is currently serving his term in Congress. I believe that throughout the history man a relatively small number…Details
Since the 2008 gubernatorial election it has been assumed that Missouri’s current Lt. Governor, Peter Kinder, would be the Republican nominee for governor in the 2012 election cycle. A scandal involving a stripper has resulted in a probable change of plans, so there may be a void to fill in that race and we know…Details
Add to iTunes Can the states Nullify Obamacare? Recently the 4th Circuit Court of Appeals ruled that Virginia had no right to defend its citizens against unconstitutional federal laws. Were they right? If you’re listening to this show, you probably know the answer already. Jim Babka from DownsizeDC joins Michael Boldin and Jason Rink to…Details
An amendment to a Senate appropriations bill introduced by Sen. Tom Coburn (R-OK) that would have reduced funding for rural development subsidies at the Department of Agriculture by $1 billion was easily voted downtoday. Only 13 Republicans voted to cut the program. Thirty-two Republicans joined all Democrats in voting to spare it, including minority leader Mitch…Details
Although we’ve heard a great deal about how “deregulation” caused the financial crisis, specific cases of repealed legislation that would have prevented it are few and far between. The one some progressives seem to have settled on is the “repeal” of the Glass-Steagall Act of 1933, which separated commercial from investment banking. The “repeal” involved only one provision of the Act, the one preventing the same holding company from controlling both a commercial bank and an investment bank.
I’ll try to write more on this when I have time (for now, I’ll note that I cover the subject inRollback, my book from earlier this year). When we recall that stand-alone institutions, both commercial and investment, also failed during the crisis, and that all of them acquired mortgage-backed securities (which they had always been allowed to do, by the way), the Glass-Steagall “repeal” looks more and more like a red herring that appeals to people whose belief system requires them to find some way a Fed-fueled bubble could have been stopped had the right regulatory structure been in place.
(The problem with those who point to Glass-Steagall is not that they’re radical. It’s that they’re not nearly radical enough. They think the system as is, shot through with moral hazard at every level, and presided over by a market-defying central bank, is of its nature stable and without fault; we just need a few regulations.)Details
We as Americans have become much too accepting of the practice in D.C. of writing laws that are so long and complicated that no citizen could possibly be fully informed of their scope and effect. Surely a prime example of this would be “Obamacare,” however, this practice is older than that. For instance, the Patriot Act was 1500 pages (written before 9/11/2001 by the way) and was passed with no debate. In the last 10 years, 10 laws were >225,000 words in length. I know I for one simply do not have the time to keep up with that level of law making. James Madison famously wrote (in Federalist 62):
“It will be of little avail to the people that the laws are made by men of their own choice if the laws be so voluminous that they cannot be read, or so incoherent that they cannot be understood.”
Laws that are this lengthy are by their very nature “arbitrary” and of a tyrannical nature. Consider Senator Conyers’ comments regarding Obamacare. WATCH IT:Details
Here’s another farm raid that hasn’t made the news. Quail Hollow Farm CSA is a farm in Nevada, about 50 miles north of Las Vegas, that grows and sells fresh food to its CSA (Community Supported Agriculture) members. The philosophy of the owners and the purpose for the CSA is reflected as such:
The purpose for Quail Hollow Farm CSA is fourfold. Number one, it is our desire to be good stewards over our land. Nothing seems more beneficial than to plant a garden and orchard in which we may share the abundance of our harvest with friends and family. The second reason is that we believe that fresh locally-grown fruits and vegetables are indispensable for optimal nutrition and health. The third is a strong desire for self-sufficiency. And lastly, is simply the joy of the whole gardening process: working the soil (literally being grounded,) patiently watching the growing process, the taste of the first ripe tomato, and the harmony of the seasons. In addition, it is our desire to share this experience with others, offering enjoyable hands-on opportunities to learn the science and skill of gardening and preserving the harvest, and to pass on this knowledge for future generations.
That all sounds evil and barbaric, doesn’t it? On October 21, 2011 farm owners Monte and Laura Bledsoe were holding their first annual Farm to Fork dinner for folks who desired to check out the farm. The dinner is described this way:Details
The United States government and a cartel of International Bankers have been working hand in hand to enslave the people and to control virtually all of the natural resources on earth. The government serves as the front man and enforcer while the International Bankers work in the shadows and remain virtually unseen and unknown. The…Details
by Jack Hunter
This may sound harsh, but current U.S. foreign policy is a disaster. Most Americans will admit as much if they examine our most significant foreign interventions individually.
Our least disastrous recent foreign intervention occurred in Libya, where aiding rebel forces did help depose dictator Moammar Gadhafi. Yet, we now learn a radical Islamic regime is taking his place. Mission accomplished?
There is Iraq, where President Obama is crowing about bringing the troops home while downplaying the fact that this was an exit process President Bush started and the even more glaring fact that the Iraqis are essentially kicking us out. The Iraq war cost $4 trillion, took more than 4,000 American lives and lasted nearly nine years. And we’re leaving behind a resentful and divided Iraqi people, an America-weary Iraqi government and an empowered Iran.Details