Archive for the ‘Uncategorized’ Category

Another great podcast episode from Peter Schiff!

Click here to listen!

Listen to all of Peter Schiff’s podcasts at SchiffRadio.com. Visit Peter’s gold company at SchiffGold.com

By: Thomas DiLorenzo

This year marks the 150th anniversary of the end of the American “civil War,” more accurately described as the War to Prevent Southern Independence.  It is also the 31st anniversary of the movie, The Godfather, Part II.  A single scene in the movie illustrates the true cause of the “Civil War.”

 The scene in question involves a Hells Kitchen New York Mafia boss in the early twentieth century named Don Fanucci, whose character is based on a real-life Mafia boss named Ignazio Lupo (“Lupo the Wolf”).  In the scene Don Fanucci meets with a young Vito Corleone (who would later become “The Godfather”) after discovering that young Vito and some friends had been quite successful operating as thieves in the neighborhood.  The purpose of the meeting was to extort money from the young Mafia wannabes since that, after all, was a big part of the “business” the Mafia was in at the time.  Don Fanucci (and Ignazio Lupo) would go to all business people in Hell’s Kitchen and essentially say, “If you want to do business in ‘my’ neighborhood, you’ll have to give me a percentage – or else.”  (Ignazio Lupo meant business; he is “credited” with at least 60 murders).  Here is what Don Fannucci said to Vito Corleone, from the script of The Godfather, Part II:   (more…)

By: Tom DiLorenzo

November and December of this year mark the 150th anniversary of General William Tecumseh Sherman’s famous “march to the sea” at the end of the War to Prevent Southern Independence.  The Lincoln cult – especially its hyper-warmongering neocon branch – has been holding conferences, celebrations, and commemorations while continuing to rewrite history to suit its statist biases.  Business as usual, in other words.  But they are not the only ones writing about the event.  Historian Karen Stokes has published South Carolina Civilians in Sherman’s Path: Stories of Courage Amid Civil War Destruction that contains a great deal of very telling information about Sherman’s motivation in waging total war on the civilianpopulation of South Carolina.

Stokes begins by quoting a letter that Sherman wrote to General Henry Halleck shortly before invading all-but-defenseless South Carolina:  “[T]he whole army is burning with an insatiable desire to wreak vengeance upon South Carolina.”  In another message a few weeks later, Sherman reiterated to Halleck that “The whole army is crazy to be turned loose in [South] Carolina.” (more…)

By: Tom DiLorenzo

“[F]rom the military policies of Sherman and Sheridan there lies but an easy step to the total war of the Nazis, the greatest affront to Western civilization since its founding.”

–Richard M. Weaver, The Southern Essays of Richard M.

Weaver, pp. 168-169.

Having lied about secession, states’ rights, the origins of the Constitution, Lincoln, and just about everything having to do with the American “Civil War” for many generations, the Lincoln cult is now hard at work on its biggest lie of all: that General William Tecumseh Sherman’s famous “march to the sea” did not negatively affect Southern civilians or their property.

In a November 14 New York Times article one Alan Blinder wrote of “an expanding body of more forgiving scholarship about the general’s behavior.” In its ten thousandth attempt (at least) to mentally “reconstruct” Southerners, the government-funded Georgia Historical Society, in cahoots with the Jimmy Carter Presidential Museum, recently paced a marker in Atlanta “near the picnic tables at the Jimmy Carter Presidential Library and Museum” that is supposedly “a reassessment of Sherman” that has been “decades in the making” by the Lincoln cult. (more…)

By: Tom DiLorenzo

Several times a week I force myself to be subjected to five minutes or so of neocon chatter by Rush Limbaugh, Marc Levin (“The Grate One”), Sean Hannity, or the FAUX News Channel morning show. Their bloviations are filled with extreme hypocrisy and delusional contradictions.

For example, during the Bush administration the neocon mantra was “9/11 changed everything!” by which they meant, “to hell with the Constitution.” Whenever Judge Andrew Napolitano would challenge any of his FAUX News Channel colleagues over warrantless wiretaps, NSA spying, undeclared and unconstitutional wars, torturing of prisoners, the murder-by-drone of American citizens, etc., this was their mantra, their all-purpose slogan designed to censor all discussion. “Constitution Schmonstitution” was their unofficial motto.

Now that a Democrat is in the White House that has all changed. Marc Levin, who slavishly supported Bush’s “War on Terra” and all of its constitutional subversions, has even written a very silly book on the importance of sticking to the Constitution. His fellow neocons all sounded more like Mussolini than (James) Madison during the Bush administration but today they have all become born-again constitutionalists. At least until the next Republican is elected president. (more…)

Marc Clair of Lions of Liberty has stooped to a new low. He interviewed me! In all seriousness it truly was a ton of fun. I really appreciate Marc having me on the show. Enjoy…

Click here to listen!

By: Thomas J. DiLorenzo
Posted with Author’s Permission

When the Washington Post reviewed Martin Scorsese’s movie “The Gangs of New York,” which included a reasonably-accurate portrayal of the 1863 New York City draft riots (see Iver Bernstein, The New York City Draft Riots), the Post’s reviewer expressed astonishment upon learning that such an event had occurred. “We were all taught in school that there was national unity during the Civil War,” he opined.

Of course, there is never “national unity” about anything, especially war, democratic politics being what it is. When is the last time you heard of a unanimous vote expressing national unity in the U.S. Congress about anything? Even the vote to declare war on Japan after Pearl Harbor was not unanimous. (more…)

We are very excited to announce that going forward we are going to include the Lions of Liberty Podcast with Marc Clair at Political Badger.  Marc is a great champion of liberty, has great guests on his show, and is very entertaining.  We are very excited to enhance our content with this wonderful podcast.

In this episode of the Lions of Liberty Podcast, I am joined by not one but TWO great guests, Brian Engelman of The New American Media and “Eccentric Perspective” host Blake Walley. Brian & Blake discuss their brand new radio show “Brian & Blake Save the World”, how it came together, and what they plan to cover. We then delve into some current events, including the murder of Michael Brown and ensuing riots in St. Louis, the Israel-Palestine conflict, and how many of the issues facing society today can be traced back to a collectivist mindset.

Listen here

If you haven’t seen Walmart VP of Corporate Communications David Tovar’s response to a NY Times piece that vilifies the company, you have to check it out. I always find it interesting that despite their supposed inadequate wages and mistreatment of employees, thousands show up to apply for a few hundred positions every time they open a new store. Obviously these jobs provide a better opportunity than was previously available to these people or I doubt they would show up to apply. Walmart should be seen as a hero not a villain. They provide jobs and cheap goods making life better for many Americans.

http://blog.walmart.com/fact-check-the-new-york-times-the-corporate-daddy

Whether you’re anti-war or not, shouldn’t we always exhaust all possibilities before bombing innocent civilians? Why were we not taught in school that the bombing of Hiroshima and Nagasaki was an awful and inhumane thing?

Check out this great little piece by my boy, bionic mosquito:

Truman Knew

On Independence Day, I had the opportunity to chat with Kmele Foster of Fox Business’ The Independents and Freethink Media. We talked about Kmele’s path to libertarianism and to television. We talked about the founders and whether we’ve retained their principles or abandoned them altogether. At times our “movement” can tend to have a negative outlook on our future. The biggest thing I took away from my chat with Kmele is that there is a lot to be optimistic about… which was definitely refreshing for a change.

Also, here are links to the films Kmele mentions in the interview:

http://www.amazon.com/Honor-Flight-Bert-Brach/dp/B00BU984DK/ref=sr_1_1?s=movies-tv&ie=UTF8&qid=1405045292&sr=1-1&keywords=honor+flight+the+movie

http://www.amazon.com/2081-based-Vonneguts-22Harrison-Bergeron-22/dp/B002Y2BDEE

Submitted by Dirk Tripp, former Marine.

The American experience in Vietnam once had a real bite to it. Second only to the Civil War in the way it affected the American psyche. These two wars go hand in hand in that respect, for they were both firsts when it came to seeing the blood, and guts, and bones of dead Americans in living color. After the Civil War we sure kept waging war on the Native Americans, but after Vietnam we actually stopped the killing for a minute, took a pause, and actually reflected on what we had done. (more…)

Submitted by: Jaime Pollard-Smith, Co-Owner & Coach at CrossFit Jane

crossfitjane.com

“Think left and think right and think low and think high. Oh, the thinks you can think up if only you try!” -Dr. Seuss
As a CrossFit affiliate owner and coach, I often hear the question, “Is CrossFit dangerous?” What disturbs me about this question is that I do not hear people asking:

“Is diabetes dangerous?”

“Is heart disease dangerous?”

“Is childhood obesity dangerous?”

“Is Alzheimer’s disease dangerous?”

When I walk into a local grocery store, I see far more danger than when I walk into my CrossFit affiliate. I fear low-fat, chemicals, antibiotics, GMOs, sugar and processed fake food, not barbells and pull-up rigs. Each time I pass a mom with a grocery cart full of Capri Suns, chips and vitamin-fortified cereals, I want to scream “DANGER!” When we now have scientific evidence to prove that sugar is more addictive than cocaine, how can we possibly not see the danger in feeding it to our children in almost everything they eat?

(more…)

Dinesh D’Souza is a conservative author and filmaker. He made big waves with his 2012 documentary, 2016: Obama’s America. He is now promoting his new film, America: Imagine the World Without Her. He was kind enough to take a few minutes out of his crazy schedule to talk about the movie and discuss a few issues with us. Enjoy…

Coming up in the next 2 weeks, Political Badger talks with Amity Shlaes, Ed Krayewski, Dinesh D’Souza, Kmele Foster and Marc Faber. Please stay tuned!!!

Many of you have read his pieces on his blog bionic mosquito. You have seen his stuff all over the place: on lew rockwell, economic policy journal, lions of liberty

After hearing some talking head on CNBC refer to Ron Paul as a mosquito, the author thought to himself, “If Ron Paul is a Mosquito, he is a powerful one.” Hence the name. Jonathan Goodwin is bionic mosquito and was kind enough to give us a peek into his not-so-mosquito-sized brain.

Political Badger: What was the impetus for starting your blog?

Bionic Mosquito: I had been thinking about doing something like this for quite some time. I thought it would be a good way for me to improve my thinking on several subjects – economics, libertarianism, politics, and empire (I think history wasn’t originally on my mind); I am not trained in any of these. I felt that the act of writing, and posting it publicly, would force an improvement of discipline in my thought. I also thought that receiving feedback online would be a wonderful, free, learning tool. Finally, I wanted to document my own learning / progression.

But what drove me finally to take the step was a minor technical problem (you asked). For a time I was a regular feed-backer at The Daily Bell. Early on, I was not able to post a comment of more than a few characters (it turned out to be a browser problem on my end). In order to get around this, I would post my longer comments on my blog, and DB graciously copied the comments from my blog to their thread.

Pretty dull, I know.

PB: When did it really take off?

BM: Have you looked at the alexa ratings? “Take off” is not a phrase I would use, but thank you.

I guess bionic mosquito first started gaining some recognition (beyond the comments section of Daily Bell, EPJ, and Mises) when Lew Rockwell ran a post a couple of years ago – something I wrote about Pearl Harbor, based on a book by George Victor, “The Pearl Harbor Myth: Rethinking the Unthinkable”. Since then, Lew has re-posted many of my blog posts, as has Robert Wenzel at EPJ and Marc Clair at Lions of Liberty. A few other sites occasionally pick up a post as well.

(more…)

If you pay attention to financial media even the slightest bit, you have no doubt heard the talking heads freak out over the prospect of deflation. Bloomberg, CNBC, Fox Business, Wall Street Journal, you name it… they all mindlessly repeat the bloviations of Bernanke, Yellen, Krugman, etc. that what we need is for people to spend (not save), to borrow, and for prices to rise. All of this is wrong.

To give you a real basic econ lesson, this attitude is largely inspired by the economist John Maynard Keynes. Bernanke and company are devout Keynesians. They believe an economy is built on consumption and is stimulated by spending. Paul Krugman is outspoken in his conviction that the US does not carry enough debt. That $18 trillion is not nearly enough. He believes we need to spend much, much more and that increasing the debt does not matter in the least. I sh%t you not. These are the people running our economy. Bernanke, Yellen, Jack Lew, the financial media, republicans and democrats alike all believe we must spend our way out of this funk we’re in. And as Shaq once said, “Don’t fake the funk on a nasty dunk.” That literally means nothing, sorry.

(more…)

Recently, I was lucky enough to interview Dr. Michael C. Munger, professor of Political Science, Economics, and Public Policy at Duke University (he’s no dummy). He is also director of the PPE Program at Duke. He has written over 100 scholarly articles and papers and has authored/co-authored four books. Munger ran for governor of North Carolina in 2008 as a Libertarian candidate.

Munger gives a unique libertarian perspective on economics and policy. His interview reminds us that while there may be different factions within the Libertarian party, at the end of the day we all have similar goals and should welcome and support those who don’t conform to every boilerplate libertartian stance. We don’t all have to subscribe to the Austrian school and we don’t all have to list the abolition of the Fed as #1 on our priority list.

Political Badger: How did you become a libertarian?

Michael Munger: Usual story, for economists. I was a socialist, and started studying economics. When you understand markets, you recognize that the state is not very good at organizing things. And then the Republicans proved that the state is capable of great evil, imposing narrow moral beliefs and violence on people, so the state isn’t very good at running people’s lives, either! In 2003, within a month, GW Bush invaded Iraq and I had dinner with Rick Santorum. So I gave up on both of the state-sponsored parties and became a libertarian. (more…)

We in America have been so indoctrinated to believe there are only two ways of looking at our political system: from the perspective of a Republican and from that of a Democrat. The media, our friends and family, and our culture in general all propagate this myth. The truth is the parties are for all intents and purposes the same. If you are for either, you are for massive, all encompassing government. It’s a pick your poison scenario. (more…)

Seeing as our government bungles and mismanages nearly everything it gets it’s hands on, I decided to do a series of pieces on their ineptitude. Given the endless fodder available, this promises to be an infinite project. My hope is to show that government does almost nothing well and to illustrate that more government necessarily equals more waste, inefficiency, ineffectiveness, and in this case death. And therefore the less government we have, obviously the less we get of these things. (more…)

I recently had the pleasure of watching Dallas Buyers Club. It really is a terrific movie. Matthew McConaughey and Jared Leto give truly outstanding performances. The story is extremely touching. It has all the characteristics of an award winning movie. But the thing that struck me the most was what a wonderful libertarian message it conveys.

The movie is based on the true story of Ron Woodroof, an AIDS sufferer who defies conventional medicine and the federal government by bringing non FDA approved products to hundreds of AIDS victims. Realizing that the FDA approved drugs at best were not working and at worst were making patients sicker, he literally searched the world for alternatives. The medications he “prescribed” were legal in other countries but banned in the U.S. The result was Woodroof and countless other AIDS sufferers experiencing both an extension and an improvement of their quality of life. (more…)

Great zerohedge.com article today called The Typical Characteristics of a Stock Market Mania. On Wall Street history repeats itself over and over and over… and no one ever notices a pattern. Read the article and decide whether you think we’re in a boom phase:

The Typical Characteristics of a Stock Market Mania

Hello my flock of badgers. Or is it a herd? Or a gaggle? What’s the word for a group of badgers? Whatever that word is… Wait, I just looked it up! It’s a cete! Hello my cete of badgers! There’s a common objection I get from time to time from people when I mention that I believe in a small (or zero) government. People often say something to this effect, “Not only has our population increased, but things have changed so much since our founders drafted the constitution. This obviously necessitates a bigger government.”

This line of thinking is as dangerous as it is scary. Let’s get one thing straight. Government is responsible for the worst of the bad things in this world. (more…)

In an earlier piece I wrote about the hypocrisy of republicans. Today I want to talk about how horrible democrats are. I try to be an equal opportunity politician hater.

Democrats are evil in so many ways, but the most obvious and egregious is their policy of stealing in order to secure votes. They have somehow been able to convince millions that theft is ok and is in fact noble. They have shown millions more that if they vote democrat they will get the booty looted from the victims. LBJ once said, “I’ll have those n*ggers voting Democratic for the next 200 years.” Nice. A thief and a racist. Good combo!

(more…)

Submitted by Dirk Trip, former Marine.

Does anybody out there remember the horrible tension and fear that existed during the height of the Cold War? As a six year boy I sat down with a Coke and a smile and watched the movie “The Day After.” I was accustomed to war movie heroes like Alvin C. York and Audie Murphy and my mind had already been programed to aspire to be a famous American infantry fighter. “The Day After” is a movie about an all-out thermonuclear war, and immediately I understood that there would be no heroes in the case of such a war, only the dead, dying, and soon to be dying.

(more…)

Agree or disagree with Dr. Ron Paul, you have to admire his gigantic sack. Watch this clip from the 2008 republican debate in SC. Most politicians would wilt here. Imagine the guts it takes to tell an auditorium full of blood-thirsty, war-mongering neo-cons that our foreign policy contributed to 9/11 and that we should not be at war in Iraq.

We must consider the source when we consider the things we were taught growing up in public (government) schools. In a hypothetical true free society where government did not monopolize the school system, we would be much more likely to learn a fair and accurate presentation of facts. This is true of any subject but is most applicable when we’re talking about history. History is largely in the eye of the beholder. There are facts and dates that cannot be debated. But history is more about the why than the when. This is where the perspective of the presenter comes into play. Take 9/11 for example. Depending on who taught the subject, one may get very different explanations as to the cause. A pro-government leaning teacher may say we were attacked because the terrorists hated our freedom and our wealth. They attacked us out of jealousy basically. Another, more impartial teacher may say we were attacked as retaliation for our incessant meddling in the Middle East. Same event, same dates, same number of dead, but very different explanations of the most important lesson: the cause.

The standard account of the Great Depression we got (and still get) growing up illustrates just one of many inaccurate portrayals of historical events regurgitated in government schools. The popular, public school account goes something like this: the unfettered capitalistic, animalistic excesses of the 1920’s resulted in a horrific crash in 1929 that led to the Great Depression. And the do-nothing Herbert Hoover allowed the Depression to continue and worsen while the masses were starving. Roosevelt, with all of his grand programs, put Americans back to work and eventually pulled us out of the Depression. (more…)

Dick Cheney famously said, “Deficits don’t matter.” Well, deficits have run our national debt up to over $17 trillion and counting exploding. Dick Cheney and most politicians are great at spending other people’s money. The more they spend, the more likely they are to get votes, and so the more likely they are to say things like “deficits don’t matter.” We need to remember Dick Cheney, as well as most politicians, are not economists. They are in the business of buying your vote. Deficits do matter. They matter a lot. When they tell you the rules that govern your personal expenditures don’t apply to the government, don’t believe them. No matter what anybody says, irresponsibly spending more than you take in year after year after year with no plans to ever slow down is a recipe for disaster. The federal government is buying votes with your credit card and have no plans on paying down your balance.

If you haven’t seen this video by Tony Robbins on our national debt, brace for a wake-up call. He really puts the severity of our situation in perspective. I was blown away the first time I watched it. And I realize its a bit random to put a Tony Robbins video up on the site, but his self-help dvd’s did change my life. Just kidding… or am I? Believe in yourself, reach for the stars… and enjoy this video on our monstrosity known as our national debt:

Moral Hazard is a very simple concept that has immense and sweeping repercusions. It is at the very root of the decay we see in America today. It causes people, companies, and other entities to behave in a manner they otherwise would not… a manner which is often reckless and destructive. The biggest proliferator of moral hazard in this country is our government along with it’s partner in crime, the federal reserve.

If you don’t know, Moral Hazard is the principle that says if you remove or mitigate the consequences of someone or something’s actions you remove their incentive to guard against risk associated with those actions. In other words, if one is not punished for poor choices, he or she will continue to make those same choices. To boil it down even further: people respond to incentives. Too often our government incentivizes destructive, or at the very least, non productive behavior. (more…)

Submitted by Dirk Trip, former Marine.

Something just didn’t feel right about it from the very start. Invading Afghanistan, yes, after September 11, 2001 the invasion of that country seemed very rational. Even though it was obvious immediately that we went about it in a way that would guarantee the escape of Osama Bin Laden, at least we were after someone who had claimed responsibility for the worst attack ever on modern America. Then Iraq, and it just didn’t feel right. Saddam Hussein and Osama Bin Laden hated each other. They hated each other worse than they hated America and that’s saying something. There was no way they were in cahoots, and yet we the American people allowed our Federal Government to sell us such a stupid story.

(more…)

This Should Piss You Off

Posted: March 26, 2014 in Uncategorized

Please do yourself a favor and read this article from the Washington Post. You won’t believe the ineptitude of our government. But it really shouldn’t be a surprise to any of us. This is typical. They are inefficient at almost everything they do and waste billions, if not trillions, of your hard earned dollars in the process.

Washington Post Article

Submitted by Dirk Trip, Former Marine

Dwight D. Eisenhower, one of the most iconic military leaders in all of human history, left the American people a clearly defined warning about the dangers of an unchecked military industrial complex.

As it stands now, not only do we not like Ike, we’ve set the poor general to spinning in his grave like a drill bit. Our military industrial complex has gone beyond unchecked, it has grown into some sort of immeasurable colossus that gobbles up money like nothing ever before in human history. We never really took our foot off of the gas pedal when it comes to our defense spending, so I guess, F-U Ike, thanks for your service though…

(more…)

More genius from David Stockman:

Stockman Article

Monday: As I sit here in my dark hotel room in Manhattan looking out the window at the Empire State Building, I can’t help but marvel at the triumphs of capitalism. New York (despite its massive government at present) stands as our country’s greatest symbol and beacon of capitalism. It shows us what is possible in a free society. It shows us that, despite what the politicians and the commentators tell us, profits are a good thing. They provide the motivation to invent, to create, to achieve. (more…)

cnbc article

I saw this today on cnbc.com and had to share. Kinda cool to see this on a mainstream website. We are $17 trillion bones in debt and are not even attempting to pay it down. We just budget for more and more debt and pray for a miracle (I guess is the strategy). There are no major industrial-scale threats in the world right now, yet we spend not just like its WWIII but like we are fighting some freakin war of the worlds against like Mars and Pluto (had to give a shout out to Pluto who rarely gets even a mention since losing her planet status). This chart offers some perspective.

So today is Presidents’ Day and I’d be remiss if I didn’t give a quick shout out to some of our most awesomest rulers to date. Lord Acton said, “Power tends to corrupt, and absolute power corrupts absolutely. Great men are almost always bad men.” I tend to agree. The only question is are these men bad dudes who rise to power? Or does the power pervert normal politicians? Does it matter? I guess that was three questions. We have had several good Presidents throughout our history but that’s a boring topic. Today I want to celebrate Presidents’ Day by telling you about the bad ones. Some of these will surprise you. (more…)

Slavery

Posted: February 14, 2014 in Uncategorized
Tags: ,

Watch and learn, livestock:

Stefan Molyneux Video

http://www.bloomberg.com/video/not-a-snowball-s-chance-of-surplus-stockman-1xN5X6c2Q6adY43erJ2bPg.html

Check out this really good little 5 minute video with David Stockman. If you want to understand exactly where our economy is, where it is heading, and how we got here do yourself a favor and read his masterpiece The Great Deformation. It is unreal.

Something occurred to me recently regarding government and morality. It’s something I have tried to articulate to people in debate and conversation, and for some reason it is impossible for many to grasp. Part of the problem is that I’m an inarticulate f£ck. The other part of the problem is that many have been conditioned to believe that government is all knowing, benevolent, and worthy of our faith and confidence. What I’ve realized is this: we accept treatment from our government that we would never accept from our fellow citizen.

Wrong is wrong, period. Theft is theft and murder is murder. It does not matter who the perpetrator is. Somehow we have evolved into a people who feel these things are ok if it’s the government that commits them. (more…)

zerohedge article

Here is a great article on zerohedge.com explaining why our unemployment rate is dropping despite a moribund economy. Another great example of the Fed’s easy money policy distorting the real state of things. This is a must read. It’s short and mad informative.

I always had an inkling that Wall Street was not an accurate gauge of the real economy. I didn’t know for sure and couldn’t give you any discernible theory as to why but my gut told me this was the case. Turns out I was right. I am a pretty humble dude but am also one smart mother f€cker (I’m actually not that smart at all. This is stuff a 3rd grader could understand.) and was able to able to crack the code.

There have been several instances of real legitimate growth in America since our inception (and our sexy, sexy conception). Arguably the most explosive growth we’ve enjoyed was the period starting from roughly the end of the civil war through the 1913ish. Government was relatively nonintrusive, there was no income tax, we were innovating like nobody’s biz-nass, we got electric lights up in this piece, the telephone was invented, we were laying train tracks like mad, Henry Ford invented the assembly line, and so on… (more…)

CNBC Article on Income Inequality

I mentioned income inequality in yesterday’s piece. Seeing as the president is apparently going to address this issue in his state of the union address tonight, I thought it appropriate to mention it again and share this short article I read on cnbc today. The author makes a few great points but the most telling point to me is the fact that from 1979 to 2010 real income for the the bottom 20% increased by 49%. He also points out that the gap has not widened but narrowed since 2007. So when Obama tells you tonight that the gap is widening he’s lying. It is apparent that this is just the issue du jour for the Obama administration. It is an obvious attempt to distract from the disaster that is Obamacare or the NSA before midterm elections. It’s an attempt to pander to his dependent constituency.

One point I didn’t make yesterday is that a by-product of the fed printing money (and giving it to the rich) is to cause consumer prices to rise. So while the wealthy get all the cheap money, the poor, and middle class, and those on fixed incomes get punished with higher prices on things like milk, gas and rent. You think the rich care if the price of milk is $4 or $40? Check out http://www.shadowstats.com for some legit reporting on inflation, as opposed to the BS the BLS puts out. I’ll get into inflation another time but for now suffice it to say money printing benefits the rich and punishes the poor. To the extent income inequality is actually a problem, government creates and exacerbates it.

What is the free market? By definition it is simply a system of voluntary exchanges, nothing more really. If you have a hat and I have ten dollars and we agree to exchange them, absent coercion we have both obtained something we prefer. I prefer the hat to the ten bucks and you prefer the cash. This simple system of voluntary exchanges has been vilified throughout our country’s history and has been blamed for everything from recessions and depressions to the business cycle, to low wages, to income inequality. We are told it is inherently flawed and predatory and a breeding ground for corruption, greed, fraud, scandal, etc. The pope recently told us the free market is evil basically… awesome! We hear this in the media. It is taught in the schools. The result of this perpetuation of the evil free market has been massive regulation, and controls placed on free exchange in an attempt to fix these perceived flaws. In a democracy, if most people believe the free market is to blame for a weak or volatile economy, they will elect those who will place more controls on the economy. Mysteriously these controls never fix the business cycle so we pass more rules, and round and round we go… at some point to gotta ask, “Is this really a free market?” (more…)

Hilarious

Posted: January 22, 2014 in Uncategorized
Tags: ,

Aaron Neville cracks me up. This commercial is hilarious.

Neville

Obama New Yorker Interview

http://www.cnbc.com/id/101332987

Mises.org defines the principle of non-aggression as:

“An ethical stance which asserts that ‘aggression’ is inherently illegitimate. ‘Aggression’ is defined as the ‘initiation’ of physical force against persons or property, the threat of such, or fraud upon persons or their property. In contrast to pacisifsm, the non-aggression principle does not preclude violent shelf-defense.”

I doubt many of us would take issue with this principle as set forth in this definition. Sounds like common sense, no? Most of us abide by the non-aggression principle (NAP) as a matter of routine. It’s second nature. We know that we should not harm others or defraud them or steal their property. (more…)

Marc Faber Interview

Posted: January 14, 2014 in Uncategorized
Tags: ,

Great interview with Marc Faber on Bloomberg today. He hits the nail on the head.

Faber on Bloomberg

Peace = Prosperity

Posted: January 13, 2014 in Uncategorized
Tags: , , , ,

Welcome to Political Badger. Thank you for visiting. For those of you who know that our current system is broken… for those of you who are pretty sure both parties are doing something wrong but maybe you’re just not sure exactly what… for those of you who think there has to be a better option than just republican or democrat… And for those of you who just don’t have the time or patience to try to figure it all out… You have come to the right place!

It’s pretty apparent that both parties suck and can’t get it right, but it can be hard to weed through all the bullsh*t on CNN or Foxnews or any number of news outlets and decipher anything intelligible. It’s also easy to get sucked into a rant on TV or a speech from a politician that sounds good. For example, if you heard Barack Obama speak at the democratic national convention during his first run it was easy to believe that he would bring us “hope and change”. He is a powerful speaker… very convincing. We now see that nothing has changed and things have in fact gotten worse. (more…)