"According to analysis by Cliff Kule, the Federal Reserve has spent enough on mortgage-backed securities since September of 2012 to have purchased 1.43 million homes outright, considering the current average price of a home in the US. Its relentless bond buying program has artificially inflated the demand for otherwise valueless mortgages by 130,000 homes per month. Let’s discuss this looming disaster that hangs over the US housing market."
New York City and Gestapo Mayor Bloomberg’s unbelievable “Stop and Frisk” policy (wherein citizens are stopped and patted down, without reason and completely in violation of the 4th amendment), received what some are calling a scathing rebuke today. A federal judge has come out against the procedure, however not as far as I would like, and in a very puzzling and schizophrenic fashion.
A news item broke today on a topic that has long been angst-stirring for me, and likely for anyone who keeps the cause of liberty close to their heart. The War on Drugs. This of course ties into some of Ron Paul's epic "32 Questions," which he asked during his final speech to Congress. Namely: "Why Should There By Mandatory Sentences For Crimes Without Victims, As Our Drug Laws Require?" and also: "Why Haven’t We Given Up On The Drug War?"
by Chris Rossini
There has been a lot of debate/chatter about Milton Friedman’s monetary views lately.
Krugman has been putting in his inflated 2 cents in.
You see it’s ok for “respectable opinion” to talk about Friedman’s monetary views until the cows come home. No harm can come of it.
Today, Krugman today quotes Friedman from 1998:
Last week, August 6, marked the 68th anniversary of the dropping of the first atomic bomb ever deployed on man, as the Enola Gay dropped “Little Boy” onto the city of Hiroshima, taking the lives of hundreds of thousands of people. Three days later, the second bomb “Fat Boy” was dropped on Nagasaki, resulting in similar destruction. Some were lucky enough to die instantly, while many more suffered slower deaths via radiation poisoning and horrific burns disfiguring their bodies.
Finally! A court rules in favor of the 4th amendment and against the ever growing police state. Enjoy some good news for a change!
In a repudiation of a major element in the Bloomberg administration’s crime-fighting legacy, a federal judge has found that the stop-and-frisk tactics of the New York Police Department violated the constitutional rights of tens of thousands of New Yorkers, and called for a federal monitor to oversee broad reforms.
The Lemonistas strike again! For the third year in a row they've run an illegal lemonade stand selling their refreshing drink. A police officer interrogated and threatened them but in the end did nothing. This happened in Rittenhouse Square in Philadelphia, Pennsylvania, USA. This act of civil disobedience is done to protest the closing of children's lemonade stands around the country.
Found this TED talk interesting....
Will it be mounted on a drone?
Jeff Bezos, Inscrutable Libertarian Democrat
By David Weigel
After the Washington Post put out word that it had been bought by Amazon.com founder Jeff Bezos, a libertarian friend posted a wry observation on Facebook. (You can do that - you don't just have to use the site for baby pics.) 'A libertarian billionaire bought a newspaper today and everyone cheered,' he said. 'What a difference the name 'Koch' makes.'
The IRS, which primarily acts as an audit agency, refuses to answer why its agents need AR-15s for “standoff capability.”
By NICOLE DEBEVEC | United Press International
The sounds of silence
Talk about not having someone's back.
Sen. Ted Cruz, R-Texas, a darling of the Republican Party's conservative wing, didn't offer a word of support for party leader in the Senate, Mitch McConnell of Kentucky, when asked if he would back McConnell over Tea Party-backed challenger Matt Bevin in the primary.
James R. Carroll | Kentucky Courier Journal
You know the scene. The title character in Shakespeare’s “Julius Caesar” is in the Capitol when he is stabbed by conspirators, including his friend, Brutus.
“Et tu, Brute?” a stunned Caesar says as he collapses.
“Just kidding!” Brutus replies.
At least that’s the way Senate Minority Leader Mitch McConnell, R-Ky., and his campaign manager, Jesse Benton, staged the scene last week.
Benton was recorded in a telephone conversation saying: “I’m sort of holding my nose for two years, ’cause what we’re doing here is gonna be a big benefit to Rand (Paul) in ’16, so that’s my long vision.”
After at first denouncing the embarrassing secret audio as “sick,” the McConnell campaign released a picture on Facebook, showing Benton holding his nose and a smiling senator pointing at his campaign manager.
'So, no one supports your cause? No problem. You can hire supporters- even protesters. A company started last October by 22-year-old Adam Swart provides just this service. In a telephone interview I spoke with Swart about his new found success. “I came up with the idea on a visit to Estonia,” says Swart. At the airport, Swart says he saw a man who was being swarmed by a crowd of excited onlookers. He tells me, “I thought- Why can’t I have that kind of attention?” And so, Swart’s company, Crowds on Demand, was born.
"Jennifer Hoelzer's Insider's View Of The Administration's Response To NSA Surveillance Leaks"
"The below is an excerpt from a March 2012 letter that Wyden and Udall sent the Obama Administration urging them to respect the democratic process: