Monthly Archive: February 2016

Feb 08

Two Lost Decades for the banking industry

Almost all business regulation harms the poor and small businesses and helps the biggest industry leaders. And in the big picture, even the good ol’ boys are harmed. Look at the above graph (courtesy of CNBC, see here). It shows that the overall value of the banking industry is about the same as it was …

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Feb 08

The 37-page Glass-Steagall Act was replaced with a thousand pages of banking laws. This is “deregulation” in the world of Bernie Sanders.

“Deregulation” is one of the great phantoms of our time. Pro-government pundits and presidential candidates like Bernie Sanders repeatedly claim that private-sector influence in political elections has produced “deregulation” in American industries. Yet regulation is easy to measure. One can count pages, paragraphs, sections, enforcement budgets or actions, etc. There has been no deregulation anywhere, …

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Feb 07

Florida judge sentences 22-year-old man to 60 years in prison for mere possession of ammunition

It is an open secret that judges tend to punish defendants who defend themselves. You’re supposed to plead guilty and take the prosecutor’s plea offer. Daily Kos, a government-loving website generally, has reported on the case of a Florida man on probation who was sentenced to SIXTY YEARS in state prison for merely possessing a …

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Feb 06

Record number of Americans renounce U.S. Citizenship

America was the freest society on earth for generations; perhaps more than a century. People from throughout the world fled tyranny for American shores. During the past couple generations, however, the U.S. government has steadily increased controls, regulations and taxes. For the past 3 years, record numbers of American citizens have left or have renounced …

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Feb 02

U.S. National Debt Hits $19 Trillion

U.S. debt has hit $19 trillion. This is greater than the total annual output of the country, which is estimated to be around $16 trillion. This outrageous debt has been built even as “limited government” “conservative” Republicans maintain majorities in both chambers of the U.S. Congress. See here. These “conservative” majorities were gained from millions …

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Feb 01

Montana Government’s Political Witch Hunts are now Attracting National Attention.

Every claim of “campaign finance reformers” is false. Every single claim. For-profit corporations actually contribute almost nothing to political campaigns. Common law rules of corporate governance (i.e., the rule that corporations must seek profits as their primary interest) prohibit for-profit corporations from wasting money on politics. (And shareholders could sue them if they did waste …

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