It’s somewhat sobering to admit how quickly the same hordes that trample each other to death over Black Friday sales will transform into rampaging violent mobs when food becomes too expensive to buy.
Ben Bernanke is doing his utmost to bring runaway inflation here, are you prepared?
Until recently, Seif Awad worked a day job as an account manager for Cisco.
But since Saturday he has begun volunteering at nights, protecting his neighborhood with a volunteer defense squad of young male neighbors armed with makeshift weapons. Last night he armed himself with a big stick. On Sunday, Awad bought gasoline canisters and started making Molotov cocktails.
via Egyptian neighbors creating local militias – CNN.
Hooray for our side!
A Seattle man has been acquitted of all charges brought against him when he refused to show ID to TSA officials and videotaped the incident at an airport security checkpoint.
Prosecutors’ case against Phil Mocek was so weak that he was found not guilty without testifying or calling a single witness, the Papers, Please! blog reported. The Daily Conservative said Friday’s acquittal was the first time anyone has “successfully challenged the TSA’s assumed authority to question and detain travelers.”
Papers, Please! says the acquittal proves what TSA critics have said all along: That checkpoint staff have no police powers, that contrary to TSA claims, passengers have the right to fly without providing ID, and yes, passengers are free to video record checkpoints as long as images on screening monitors aren’t captured.
“Annoying the TSA is not a crime,” the blog post states. “Photography is not a crime. You have the right to fly without ID, and to photograph, film, and record what happens.”
Petty tyrants hate it when you refuse to acknowledge their made-up powers, and they get right uppity about it. But if you stand your ground, the law is still on the side of the innocent civilian.
via Passenger cleared after TSA checkpoint stare-down • The Register.
… but I sure am glad to see it go! Federal Judge Roger Vinson in Florida ruled the entire Obama health care plan unconstitutional, and it is officially repealed.
It is difficult to imagine that a nation which began, at least in part, as the result of opposition to a British mandate giving the East India Company a monopoly and imposing a nominal tax on all tea sold in America would have set out to create a government with the power to force people to buy tea in the first place…
The individual mandate is outside Congress’ Commerce Clause power, and it cannot be otherwise authorized by an assertion of power under the Necessary and Proper Clause. It is not Constitutional.
The “commerce clause” was originally intended to allow the federal government to prevent the states from implementing onerous trade restrictions between themselves, not grant the federal government unlimited control over the economic lives of every individual in the nation.
via ObamaCare Falls | Cato @ Liberty.
New to the Senate, Rand Paul comes out swinging!
First, Paul would eliminate most Department of Education spending, with the exception of higher education subsidies. He correctly notes that the federal government’s increased involvement in education has been “detrimental” and that “the mere existence of the Department of Education is an overreach of power by the federal government.”
Second, the Department of Energy, which is becoming a chief source of corporate welfare, would be zeroed out. Paul would eliminate subsidies for all energy industries — from fossil fuels to so-called “green” energies. He notes that the government’s interference in energy development should be ended and the free market allowed to “start taking the reins.”
Third, the Department of Housing and Urban Development — one of most visible examples of government failure — would be eliminated. Among the HUD programs that Paul singles out, it is his criticism of housing vouchers that deserves the most applause as they remain popular in some Republican and conservative quarters.
Paul deserves credit for proposing cuts at the Department of Defense, although the savings would be relatively small. However, his proposal would cut the Department of Homeland Security almost in half, and would zero out billions of dollars in foreign aid. The latter is well-timed given the situation in Egypt, a major recipient of U.S. foreign aid dollars.
Finally, Paul would chop a quarter of the Department of Health and Human Service’s budget, although he doesn’t take on Medicare or Medicaid. He is reportedly at work on separate legislation that would address Medicare and Social Security. Because Paul’s proposal is focused on immediate cuts, his decision to tackle the big mandatory spending programs separately shouldn’t be viewed as a cop out.
We send two billion dollars a year to Egypt to keep that tyrant in power. It’s long past time to cut the checks and let the tyrants at home and abroad go get new jobs.
via Sen. Rand Paul Proposes Serious Cuts | Cato @ Liberty.
It is important to understand Keynes, because everyone at the head of our government and banking system follows his precepts, and all the highest share his philosophies.
It is important to understand Hazlitt, because he was right.
John Maynard Keynes was born in 1883 and died in 1946. Henry Hazlitt was born in 1894, eleven years after Keynes, and lived much longer, until 1993. Their lives and loyalties are a study in contrast, and mostly of choices born of internal conviction, in Hazlitt’s case, or lack thereof, Keynes’s case.
Keynes became the most famous economist of the 20th century and the guru-crank whose work has inspired thousands of failed economic experiments and continues to inspire them today. He is the Svengali-like figure who implausibly convinced the world that saving is bad, inflation cures unemployment, investment can and should be socialized, consumers are fools whose interests should be dismissed, and capital can be made non-scarce by driving interest rates to zero – thereby turning the hard work of many hundreds of years by economists on its head.
via Hazlitt and Keynes: Opposite Callings by Llewellyn H. Rockwell, Jr..