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Archive for the ‘government regulation’ Category

Think the Fed’s QE1 and QE2 will cause hyper-inflation? I did, until I read Jeffrey Rogers Hummel’s recent paper “Ben Bernanke Versus Milton Friedman”. Bernanke is simply shuffling paper around to bail out his bankster buddies and he is doing it without increasing the money supply – despite popular belief.

As impressive as that is, there is a severe downside. The Fed-manufactured crises of 2008 has literally made them the economy’s central planners. Here is an excerpt from Hummel’s paper:

Under the old central planning—which performed so poorly in the Soviet Union, Communist China, and other command economies—the government attempted to manage production and the supply of goods and services. Under the new central planning, the Fed attempts to manage the financial system and the supply and allocation of credit.

[...]

But now with Bernanke, the central planning aspect of central banking has become far more encompassing. As George Selgin put it in an interview, “the Fed . . . has morphed into a central planning agency with a corporate welfare department.”

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Only one reporter had the balls to challenge the banksters and his name was Mark Pittman. He mysteriously died at the age of 52 after winning a Federal Court case against government secrecy.

Twenty months after the Federal Court’s ruling, Geithner mocks the judge and the rule of law by providing basically nothing:

They were so heavily redacted that most of what’s left are everyday messages such as “Did you just try to call me?” and “Monday will be a busy day!”
 None of the documents answers Pittman’s request for “records sufficient to show the names of the relevant securities” or the dates and terms of the guarantees.

This is all happening under the Obama regime, the one that campaigned on more transparency and “open government”.

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Marc Stevens writes:

It’s truly amazing despite all the crimes committed by governments, people still religiously cling to the idea governments are necessary to protect life, liberty and property. You can even point out governments not only have no duty to protect anyone, but also do a disasterous job at whatever they bother doing. Despite overwhelming evidence government is not only unnecessary, corrupt and a cancer on the world, its victims continue to revere them. Maybe this will help convince them governments are nothing more than gangs of killers, thieves and liars.

I disagree about them doing a disastrous job. Government actually does its job exceptionally well – which is to rob, rape, murder and plunder its subjects while doing everything in its power to expand and protect its monopoly on violence.

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When Rand Paul suggested the 1964 Civil Rights Act went too far, he was widely criticized by Democrats and Republicans alike. Here, Professor Williams explains why they are wrong and Rand is right, while making a far more important point about liberty itself.

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