Archive for March, 2009

FDR, Conservative?

Friday, March 27, 2009 19:50 Comments Off

Remember that WSJ opinion piece by George Bittlingmayer and Thomas Hazlett from last week? But FDR did not launch his New Deal with a program that roiled financial markets. On the contrary, his first step was to stem the banking panic with a national bank holiday (many states had already imposed their own). He closed [...]

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More Crazy, Boom-Driven Behavior

Friday, March 27, 2009 19:36 Comments Off

They call it stress, but I call it degenerate behavior. I wrote about this a year ago – lenders were paying parasites to not destroy their foreclosed home before they left the premises. So now that the car repo man is coming to take away new Hummers and Escalades from people who should own used [...]

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The Market vs the Phony Boom

Friday, March 27, 2009 19:31 Comments Off

Writes a friend: “Lose your job and they’ll pay your mortgage for six months. Thornton Place has 109 condos available for sale. They’ve been on the market since last summer and not a single one has sold. Would you pay $299,950 (they start at $299k) for a 595 square foot condo? I think the market [...]

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Exposing the State’s Lies

Friday, March 27, 2009 19:11 Comments Off

Bill Anderson posted on this earlier. Missouri scrapped the M.I.A.C. Report. On March 23, DPS (Department of Public Safety) Director John Britt sent an apology letter to Ron Paul, Bob Barr, and me stating, “I have ordered that the offending report be edited so as to excise all reference to Ron Paul, Bob Barr or [...]

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Got Rebellion?

Friday, March 27, 2009 19:04 Comments Off
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Poster Child for the Crazed Boom Period is Dead

Friday, March 27, 2009 18:59 Comments Off

A truly sick sign of the boom economy has been the massive Las Vegas City Center project — all 67 acres of it. Well it’s going bankrupt. Everybody is suing everybody else, and blaming this or that, but the first time I walked by this construction site a couple of years ago I turned to [...]

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Why Speed Cameras Don’t Work

Friday, March 27, 2009 18:55 Comments Off

But then again, they really aren’t a tool for raising revenue as much as they are intended to convey intimidation and control. Thanks to Chris Witmer for the link he sent in response to this post.

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Totalitarian Eye in the Sky

Friday, March 27, 2009 11:58 Comments Off

Another sign that we are living in a totalitarian state – where the spy industry is enjoying its own healthy economy thanks to the hyper-growth of government and its terrorist antics. Once a rarity, traffic cameras are filming away across the country. And they’re not just focusing their sights on red-light runners. The latest technology [...]

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Robber fatally shot (by someone carrying a gun) in Miami Burger King holdup

Wednesday, March 25, 2009 22:19 Comments Off

You can guess why this shootout at a Burger King doesn’t make the news headlines. Thanks to Adam Chudy for the link.

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Nationalize the Newspapers

Wednesday, March 25, 2009 22:11 Comments Off

A new bill being floated by Benjamin Cardin. Cardin’s Newspaper Revitalization Act would allow newspapers to operate as nonprofits for educational purposes under the U.S. tax code, giving them a similar status to public broadcasting companies. Under this arrangement, newspapers would still be free to report on all issues, including political campaigns. But they would [...]

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