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March 2009

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From Absurd to Ridiculous to.... Barney Frank-ulous?

March 31, 2009 – Comments (7)

I can't even think of a proper adjective to describe Barney Frank's recent proposal.   [more]

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24

Understanding Why The Gold Standard Failed

March 31, 2009 – Comments (5)

John Paul Koning's recent work on the Gold Standard from 1934-1971 is phenomenal. In this two part essay, he details the U.S. Government's attempts to keep the price of gold pegged to $35/ounce.  Throughout the work he details how the government's efforts always failed and the drastic measures employed to keep the price pegged, including resorting to military force.  He even includes a couple of pretty charts =D [Koning is a financial writer and graphic designer]  [more]

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Does Dr. Novak read whereaminow's CAPS Blog?

March 31, 2009 – Comments (6)

I realize this is ridiculously self-promoting and a bit in the flavor of alstry, but you have to admit that  his criticisms of Dr. Drew Weston's commentary on Obama and mine are incredibly similar.  [more]

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26

Money Part VI: Understanding Keynes, from Marx to Krugman

March 30, 2009 – Comments (36)

I have wavered back and forth quite a bit over how to continue this series. Up to this point I have focused solely on monetary theory, discussing the history of money and the consequences of paper money. I have shown how inflation is not some mystical result of wayward capitalism, but rather a traditional policy of corrupt governments (hint: all of them) since the dawn of recorded history. Finally, in an effort of fairness, the arguments for unbacked paper money were presented and I spent an entire post arguing that deflation is not only a result of unwelcome government interference, but a refreshing liberation from the tyranny of Keynesianism. But where do I go from here? Well, rather than going where many others have boldly gone before, I'd rather let them do the talking. Links will be provided after my musings on Keynes.  I apologize in advance for rambling, but I've been pressed for time lately.  [more]

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28

Jim Rogers Getting Fiesty with Fox News

March 27, 2009 – Comments (8)

Let me summarize. Jim Rogers to Alexis: "You're an idiot." Enjoy the show :)  [more]

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BLOWBACK! Missouri Law Enforcement Document Killed... And More

March 26, 2009 – Comments (5)

As I brought to your attention a couple of days ago, a report from a Missour Fusion Center (fusion centers bring together law enforcement agencies and offer policy guidance) characterized Ron Paul supporters as domestic terrorists.   [more]

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13

The Yellow Journalists and Chicken Hawks jump on the Drug War Bandwagon

March 26, 2009 – Comments (2) | RELATED TICKERS: SWHC

You know a war is going mainstream when Anderson Cooper repots on it!  When you watch the Chicken Hawks of the Drug War... ya know, those that want drug prohibition but are too chicken to go and fight the drug cartels themselves... ya know, like the Chicken Hawks that want to spread democracy in every corner of the world from their comfy newsrooms and government offices...... remember what I reported three weeks ago: The Drug War is spilling into America.  [more]

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Wall Street Got Drunk, But Who Provided the Whiskey?

March 25, 2009 – Comments (3)

It's a concept I'm discussing in my series on Money. The monopoly paper money producer is the whiskey provider. Government is the pusher.  Wall Street is the junkie.    [more]

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Abitare, alstry, Dare and many others are Domestic Terrorists... It's official!

March 24, 2009 – Comments (23)

At least according to the state of Missouri.   [more]

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Money Part V - Deflation is Liberty... Sort of

March 23, 2009 – Comments (8)

In my last blog, I presented three arguments for paper money and promised three more. However, I am just going to focus on the most common argument presented for this post for two reasons. First, other arguments for paper money are fairly simple to reject on practical and ethical grounds. Second, the subject of deflation is foremost in people's minds today as well as foremost in the arguments presented by defenders of paper money such as Ben Bernanke.  [more]

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28

The Method of the Liar: Analyzing Drew Weston's Commentary on Obama

March 19, 2009 – Comments (5)

On the front page of CNN is a commentary by Drew Weston, professor of psychology and psychiatry at Emory University, in which he gives advice to the Obama administration on how to fix the AIG debacle. While initially appearing to be a policy advisement for Obama, I am going to show how it is, in fact, a subtle message to Americans to set aside rationalism, thus making them easy victims for the next round of political deception. Republicans have their own tactics as well which I despise... like Muslims hate you because you are free LOL. This is not intended to be a partisan column. Take heart, Democratic voters. You are much more difficult to dupe than Republicans. Rather than flying a flag in your voice and scaring you, much more subtle tactics must be employed.  [more]

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RePost: Inflation is a POLICY, not an ACCIDENT or RESULT

March 19, 2009 – Comments (2)

As I've mentioned before, government engages in inflation as a consistent policy, and has done so since biblical times. This nothing new. They do it because it is extremely profitable. Bernanke's actions may have awakened a few more sleepwalking Americans, so I am reposting this analysis of inflation.  [more]

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15

The Case of Jennifer Wilkov, The Government vs. The Investor

March 18, 2009 – Comments (5)

Jennifer Wilkov is Financial Planner that was jailed at Riker's Island for giving bad investment advice. Now that she is free, we get to hear her side of the story. Here is an excerpt:   [more]

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34

I'll Say It Outloud: This Whole AIG Mess Cracks Me Up

March 17, 2009 – Comments (22)

I suppose it's not polite to laugh in sensitive company. Well I can't help myself. This whole AIG mess cracks me up.  [more]

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Money Part IV - The Prosecution Rests. Fiat Paper Money Calls Its First Three Witnesses

March 17, 2009 – Comments (7)

"Woe to those who call good evil, and evil good." - Isaiah 5:20  [more]

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Money Part III - Inflation... Whoo! Haa! What is it good for?... Definitely Something!

March 16, 2009 – Comments (10)

In my first two posts on Money we've covered a lot of ground. I've learned a lot from the commentors. I hope a few readers have a learned a little from me. Today the discussion turns to Inflation. After quickly covering the basics, I hope to show that Inflation has a purpose and to clearly demonstrate how it benefits some people at the expense of others, particularly the poor and middle class. Here's a review of where we are:  [more]

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35

Bailouts and Bull with John Stossel: ABC 20/20

March 14, 2009 – Comments (8)

In case you missed it, John Stossel takes on the Bailout mentality in this investigate report.  [more]

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24

Repudiating the National Debt

March 13, 2009 – Comments (21)

The climate appears right to approach this subject once again. Take the opportunity, if you have time, to disect this argument for repudiating the national debt. Don't take it at face value but give it some thought. Ask yourself, why should I, and my children, be economically enslaved to fund the waste and war of previous politicians? Of course, there is a possiblilty that debt repudiation could lead to war, but then again, debt expansion has financed every war in American history. And of course there is the possibility that the government could never raise funds again through debt expansion, to which I respond: "thank God."  [more]

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CAPS Advice for Harvard PhDs: Try Starting Your Own Business

March 12, 2009 – Comments (29)

I am not making this up. Recently, Harvard Law School held a conference titled: The Free Market Mindset: History, Psychology, and Consequences. Check out this byline:  [more]

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35

Quantum Physicist to Keynesians: Please leave the science to us

March 11, 2009 – Comments (5)

Benjamin Richards puts a world class smack down on Keynesians. Give it a read if you have a moment.   [more]

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18

Money Part II - Do Property Rights Matter?

March 10, 2009 – Comments (4)

In my previous blog, I argued that property rights and fiat currency are mutually exclusive. Although you may disagree with the my proposed reason for why we have moved to a completely fiat world, I have yet to hear any argument to refute the mutually exclusivity of property rights and fiat currency. Let's have a quick review of the argument, and then we will ask the question Do Property Rights Matter?  [more]

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The Destruction of Property Rights and The Incredible Shrinking Pie

March 09, 2009 – Comments (20)

Each human, from birth, is blessed with an opportunity. Apart from the mentally ill or extremely handicapped (whom we should cherish and care for), all of us are given the equipment necessary to create, work, cooperate, associate, prosper, and enjoy this world. If we are going to solve our current problems we have to consider what elements hamper societal development. If it is true that each of us contains the ability to help create a better world, why does it always seem that our world takes two steps forward and then one step back (or worse)?  [more]

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15

What is your view on importing Cheap Labor?

March 05, 2009 – Comments (11)

This is a question that I don't have an answer. Everyone here knows my position on voluntary contracts, but here in Qatar and previously when I lived in Kuwait I've seen the good and bad when it comes to cheap labor.  I've also seen the other side, having lived in Pakistan, where much of the cheap labor comes from, and seeing how completely desitute much of that population is. I'm going to paint with a little bit of broad brush here, but I promise not to over-generalize. I have several years of experience out here.   [more]

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29

Are You Ready For War? Words from a Border Patrol Agent

March 03, 2009 – Comments (10)

The other day, I sent an email to a friend of mine that is a Border Patrol Agent (7 years on the job) on the Arizona border. I had heard it is getting pretty bad and I wanted some reliable information to make sure he was safe. I also asked him about Obama's proposed ban on assault rifles. What follows is his response:  [more]

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How Much Has Been Lost: A Case Study, My Father

March 02, 2009 – Comments (28)

In order to understand the scope of our current situation, I think it can be helpful to look at the impact of events on a single, hard working, honest individual over the course of 30 years. I propose to do that in the following blog, using my father as an example. My father is currently a private contractor, offering consulting based on his tremendous expertise in the field of food service distribution. He was forced into this line of work after the Fortune 500 company he worked for imploded in a pyramid of debt and mismanagement. His services continue to be in demand, thankfully, and he just completed a contract with another Fortune 500 company to revamp distribution processes at several of their largest plants. I also care for him very much, and am saddened by the massive losses he has suffered.  [more]

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16

Mises: Liberalism (1927)

March 02, 2009 – Comments (2)

This book was first written in Germany in 1927, and later translated into English around 1951. It is book of extraordinarily important historical context. It exposes the lies that we are surrounded with every day, namely that Classical Liberalism failed, that Welfare State policies were a response to the Robber Baron, and that Capitalism is best when moderated. I can not stress strongly enough what a tremendous read this book is. Please take a weekend or holiday to read a few sections for free at your leisure. You will have a clearer understanding of the world, how we got here today, and where we are headed.  [more]

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16

Absurd is the word

March 02, 2009 – Comments (12)

On a day when one company posts a $61B quarterly loss, the largest in American history, that company sees its shares rise double digit percentage points while the overall market, upon this news, falls 2-3%  [more]

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15

Mises: The Anti-Capitalist Mentality (1956)

March 01, 2009 – Comments (8)

I'm going to reprint Chapter 1 of this essay. It is Mises' attempt to explain why so many people who owe their increased standard of living to capitalism, would work to destroy it, both on The Right and The Left. The entire essay is available for free.   [more]

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Eddie Lampert Tells Sears Stockholders to read Hayek

March 01, 2009 – Comments (0)

The full SEC filing can be found here.  Below are some excerpts:  [more]

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Obama = Big Profits for Defense Contractors

March 01, 2009 – Comments (5) | RELATED TICKERS: NOC

Here's an excerpt from Justin Raimondo's excellently researched article on AntiWar.com:  [more]

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