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Latest Articles
SCOTUS Questions the Government's Absurdly Broad Definition of 'Aggravated Identity Theft'
Post Date: 2023-03-03 02:10:21 by Charles_Byrd
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Back in 2004, Congress decided to tackle the problem of "identity theft." It was responding to much-publicized cases in which criminals obtained credit cards in other people's names, sticking them with the resulting bills and hurting their credit ratings. But instead of focusing on that paradigmatic situation and crimes of a similar nature, Congress passed the Identity Theft Penalty Enhancement Act, which prescribed a two-year mandatory minimum sentence for "aggravated identity theft." The law's definition of that crime is so broad that it can be read to cover myriad minor offenses that are nothing like identity theft as it is generally understood. Naturally, ...
Decades of Subsidies Have Made the Essentials of Middle-Class Life Increasingly Difficult To Afford
Post Date: 2023-03-03 02:08:35 by Charles_Byrd
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Perhaps the simplest way to diagnose the problem with American politics right now is that it is out of touch. Democrats and Republicans have spent the better part of the last decade arguing about partisan peccadillos and culture war obsessions, while middle-class concerns have languished. And thus a new movement has risen mostly but not exclusively on the technocratic center-left, intent on refocusing liberal politics in general and Democratic politicians in particular on workaday economic concerns. This movement has many strains and individual obsessions, but it is united by a shared thesis: The basics of middle-class life—especially but not only housing, education, and health ...
The Case for Prohibition—and Its Violence—as UN Rights Breach
Post Date: 2023-03-03 02:04:18 by Charles_Byrd
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It’s well documented that banning drugs leads to violence. But a new paper, published in the International Journal of Drug Policy, argues that the predictable proliferation of this violence—and its effect on people around the globe—could be considered a violation of the fundamental right to life and safety, as defined by the United Nations. The United States’ alcohol Prohibition in the 1920s is often cited as an example of what happens when you remove regulation from a lucrative market. Groups operating outside the law are heavily incentivized to participate in the trade and to protect their market shares—by whatever means they can, in the absence of a rules-based ...
The American People Must Draw Red Lines Now
Post Date: 2023-03-03 02:01:55 by Charles_Byrd
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Washington and NATO have rapidly escalated their war with Russia. The White House appears to have blown up the Nord Stream pipelines in a blatant act of war against Russia, not to mention Germany and other European allies. The CIA is reportedly conducting sabotage attacks on Russian infrastructure and the Pentagon has tacitly endorsed Kiev’s drone strikes hundreds of miles deep inside the Russian mainland. Click for Full Text!
The Coming Recession Will Be a Global One
Post Date: 2023-03-03 02:00:21 by Charles_Byrd
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Over one hundred years ago, Austrian economist Ludwig von Mises discovered what causes the boom-bust business cycle. As Mises explained, the boom is caused by central and commercial banks creating money out of thin air. This lowers interest rates, which encourages businesses to borrow this newly created money to fund capital- intensive investment projects. Click for Full Text!
Market Morons Finally Forced to Face Reality
Post Date: 2023-03-03 01:56:44 by Charles_Byrd
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Investors have been slower than a tank of turtles swimming in molasses when it comes to grasping reality, but they may be getting the message on inflation and the Fed’s fight ahead at last. That said, one should never underestimate the resolve of people to enshrine their wishes as unholy doctrines in order to continue chasing the phantasms of their greed like drunken gamblers in a smoke-clouded casino. This bear market — now well over a year long — has produced many rallies that were exemplary in demonstrating that unattractive quality of the human condition. News stories across multiple categories of The Daily Doom last Friday screamed the message of inflation — how ...
Air Force Relieves Six Leaders at Nuclear Base Over "Loss of Confidence"
Post Date: 2023-03-03 01:54:25 by Charles_Byrd
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Six leaders, including two commanders and four of their subordinates, at Minot Air Force Base, North Dakota, were abruptly relieved of their duties “due to a loss of confidence,” the US Air Force wrote in a press release Monday. Maj. Gen. Andrew J. Gebara, commander of the 8th Air Force, relieved Col. Gregory Mayer of the 5th Mission Support Group and Maj. Jonathan Welch of the 5th Logistics Readiness Squadron from their leadership positions at Minot AFB “due to a loss of confidence in their ability to complete their assigned duties.” Click for Full Text!
Massachusetts Democrats Won’t Oust Chairman Who Said Disabled Children Should Be Aborted
Post Date: 2023-03-03 01:52:15 by Charles_Byrd
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A local Massachusetts Democratic Committee chairman who suggested that unborn babies with disabilities should be aborted to save money on special education will retain his position despite a public outcry against him. According to the Boston Herald, “Committee members on Sunday voted unanimously, 27-0, to endorse a statement ‘repudiating’ chairman Michael Hugo’s comments, but the committee opposed a motion to add an agenda item to a future meeting to discuss whether Hugo should be removed.” Click for Full Text!
Muslim Politician With Possible Extremist Links Poised to Become Scotland’s Next Leader
Post Date: 2023-03-03 01:50:34 by Charles_Byrd
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Following Scottish First Minister Nicola Sturgeon’s February 15 announcement of her resignation, the race for both the leadership of the Scottish National Party (SNP) and Scotland as a country began. Although political pundits have singled out Cabinet Secretary Kate Forbes as a potential successor, Forbes’ Presbyterian beliefs and opposition to LGBTQ+ and other liberal ideologies have provoked leftist assaults on her character and ability to lead the nation. Thus, another very likely candidate to succeed Sturgeon has been Scottish Health Minister Humza Yousaf, who likely has links both to the Muslim Brotherhood and other extremist groups. For eight years, Nicola Sturgeon’s ...
Biden Admin Using CHIPS Act to Force Taxpayers to Fund Daycare for Tech Workers
Post Date: 2023-03-03 01:48:41 by Charles_Byrd
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The Biden administration is using the recently enacted CHIPS Act to force Americans to subsidize childcare for people employed in the manufacturing of semiconductors. Rather than seeking for some sort of spending bill to work its way through Congress — as is required by the U.S. Constitution — the Biden Commerce Department is using the money being offered to the semiconductor industry to surreptitiously spend taxpayer funds to set up childcare facilities at all the factories receiving money from this latest act of the executive. Click for Full Text!
Hershey’s Rewards Cross-dressing Man Lady With Advertisement, Real Women Fume
Post Date: 2023-03-03 01:45:52 by Charles_Byrd
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One might have thought the tranny craze had reached apogee when USA Today risibly called Richard Levine, the assistant secretary of Health and Human Services who pretends he is a woman named “Rachel,” one of the newspaper’s women of the year. But alas, Hershey’s — yes, that Hershey’s — has done them one better. The candy conglomerate put a man-lady in an advertisement for International Women’s Day. Click for Full Text!
Stainless Steal
Post Date: 2023-03-01 18:10:12 by Charles_Byrd
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The decay in quality reveals that the collapse of the neoliberal-hyper- financialization-hyper-globalization model has already occurred. I've often addressed the dismaying decline of quality over the past 30+ years, for example, The "Crapification" of the U.S. Economy Is Now Complete (February 9, 2022). Click for Full Text!
The Reckoning That Wasn’t
Post Date: 2023-03-01 18:08:43 by Charles_Byrd
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Over the course of many evenings in 1952 and 1953, when I was a kindergartner, my family gathered around a hand-me-down TV in the Chicago housing project where we lived to watch Victory at Sea. With stirring music and solemn narration, this 26-part documentary produced by NBC offered an inspiring account of World War II as a righteous conflict in which freedom had triumphed over evil, in large part thanks to the exertions of the United States. The country had waged a people’s war, fought by millions of ordinary citizens who had answered the call of duty. The war’s outcome testified to the strength of American democracy. Here was history in all its seductive and terrible ...
Occupational Licensing: Giving Government Power Over Prosperity
Post Date: 2023-03-01 18:05:31 by Charles_Byrd
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The state Legislature of Virginia is poised to approve a bill that would grant comity to occupational licenses issued by other states. This event might not sound particularly newsworthy, but anything that takes prosperity out of the hands of the government and places it back in the hands of the people is good news for liberty and those who cherish it. Click for Full Text!
Brickbat: Quick Action
Post Date: 2023-03-01 18:02:28 by Charles_Byrd
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Less than two weeks after a driver rammed into one of the bedrooms of his Austin, Texas, home, Chris Newby got a letter from the city telling him his house was now in violation of city code and that he had 30 days to get it repaired or he faced $2,000 a day in fines. The letter was dated on the day the driver smashed into Newby's home. City officials said the building inspector was notified about the accident by the fire department and that it is city policy to send such letters after a house is damaged. Click for Full Text!
The US/NATO War Against Russia
Post Date: 2023-03-01 18:00:41 by Charles_Byrd
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The US/NATO war against Russia via proxy Ukraine is one of the most ridiculous, unnecessary, contrived wars ever devised. It was initiated and engineered by the United States with two main objectives: 1) to weaken and destroy Russia, and 2) to make America’s European “allies” (vassal states) more dependent economically on the USA. This situation is extremely dangerous as certain elements in the Washington political establishment would like to escalate the conflict to a nuclear war. Click for Full Text!
Joe Biden Disparages George Washington on President’s Day With Trip to Kyiv
Post Date: 2023-03-01 17:59:24 by Charles_Byrd
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Rather than celebrating President’s Day in the United States on Monday, February 20, President Joe Biden went to Kyiv to meet with Ukrainian President Volodymyr Zelensky. In direct contradiction to President George Washington’s 1796 farewell address, Biden delivered another $500 million in military aid to keep bloodying the Ukraine killing fields. Click for Full Text!
Putin orders tightening of Ukraine border as drones hit Russia
Post Date: 2023-03-01 17:57:54 by Charles_Byrd
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Russian President Vladimir Putin has ordered officials to tighten security on the border with Ukraine, after several drones targeted areas deep inside the Russian territory. Putin made the remarks during a speech at a meeting of the Federal Security Service (FSB) board in the capital Moscow on Tuesday, without referring to any specific attacks. However, his comments came hours after drones, which the Kremlin said were launched by Ukraine, hit several regions in southern and western Russia. Click for Full Text!
The Department of Homeland Security Turns 20. Its Legacy Is Disastrous.
Post Date: 2023-03-01 17:53:50 by Charles_Byrd
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To those who don't remember the events of September 11, 2001, it can be difficult to convey the sense of dread and uncertainty that followed. As horrible as the attacks were, many of us wondered: What's next? It was in this context that Congress quickly passed, and President George W. Bush signed, such legislation as the USA PATRIOT Act, less than two months after 9/11. While that law was drafted with the best of intentions— strengthening the nation's defenses against potential future attacks—in practice, authorities overwhelmingly use it to circumvent Americans' basic freedoms like privacy and due process. Click for Full Text!
Peter Schiff: History Shows It’s Impossible to Put the Inflation Genie Back in the Bottle
Post Date: 2023-03-01 17:51:05 by Charles_Byrd
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The markets basically shrugged off the hotter-than-expected inflation data for January. Most people remain convinced that the Fed can easily get price inflation back to 2% without wrecking the economy. But in his podcast, Peter explains that stuffing that inflation genie back into the bottle is a lot harder than most people seem to think. Both the CPI and the PPI came in hotter than expected in January. Click for Full Text!
Why Austrian Economists Are Not Employed as Policy Advisers
Post Date: 2023-03-01 17:49:38 by Charles_Byrd
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In the (1955) edition of his top-selling Economics text, Paul Samuelson claimed economists had finally determined how economies worked. As he put it: In recent years 90 percent of American economists have stopped being “Keynesian economists” or “anti-Keynesian economists.” Instead they have worked towards a synthesis of whatever is valuable in older economics and in modern theories of income determination. The result might be called neo-classical synthesis and is accepted in its broad outlines by all but about 5 percent of extreme left wing and right wing writers. Click for Full Text!
Subprime Auto Lender And Used Car Retailer Collapses as Distress Cycle Finally Arrives
Post Date: 2023-03-01 17:46:31 by Charles_Byrd
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One month ago, when discussing the “perfect storm” hitting the US auto market, we showed that according to Fitch “More Americans Can’t Afford Their Car Payments Than During The Peak Of Financial Crisis“… Click for Full Text!
India Brings Back Militia After Killing of Hindus in Kashmir
Post Date: 2023-03-01 17:44:43 by Charles_Byrd
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Following the killing of seven Hindus back in January amid two attacks in Dhangri village in India’s Kashmir region, the country’s authorities have brought back a government-funded militia — providing thousands of villagers, including some teenagers, arms and training. Officially known as the “Village Defense Group,” the militia was first founded in the 1990s to provide a first line of defense against anti- Indian fighters in isolated Himalayan villages where the government had difficulty sending aid rapidly. Click for Full Text!
Supreme Court Considers Domestic Spying Too Secret to Be Challenged
Post Date: 2023-03-01 17:43:10 by Charles_Byrd
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The Supreme Court of the United States has declined to review a lower court’s dismissal of the Wikimedia Foundation’s lawsuit against a National Security Agency (NSA) domestic surveillance program exposed in 2013 by Edward Snowden. With the Court’s citing of “state secrets privilege” as a prohibition against such litigation, debates in Congress on the question of whether to renew the statute authorizing the program might be the last hope of relief for Americans who cherish the U.S. Constitution and the freedoms protected by the Bill of Rights. Click for Full Text!
Teen Girls Drowning in Sadness, Despair & Suicidal Thoughts: CDC
Post Date: 2023-03-01 17:41:26 by Charles_Byrd
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Almost six out of ten girls felt persistently sad or hopeless and about one in three seriously considered suicide in 2021, according to new data released by the Centers for Disease Control (CDC). The skyrocketing numbers were not quite as bad among boys, but rates of sadness and suicidal thinking nevertheless rose to new heights among males, too. The data, gathered under the CDC’s controversial Youth Risk Behavior Survey (YRBS), showed that teen girls are reporting “the highest levels of sexual violence, sadness, and hopelessness” ever recorded by the CDC, it said. With three out of every five girls now reporting persistent sadness or hopelessness, that figure is up 60 ...
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