Janet Yellen admits that US Debt is Government Fraud

This past week, Secretary of the Treasury Janet Yellen called for abolishing the US Debt Ceiling once and for all. Although it was always a given that the US would continue to raise the debt ceiling every time it was reached, this is an astounding admission that the entire government’s spending apparatus is fraudulent.

Hashtags: #USTreasury #DebtCeiling #JanetYellen #Government #CurrentEvents

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The Atlanta Tragedy was Racism! Or was it?

On March 20th, 2021, Police charged a white, cis-gendered male with causing the unlawful death of 8 people connected to massage parlors, 6 of whom are of Asian decent. As might be expected, everyone from President Biden to the local mainstream media commentator jumped on the opportunity to frame the dispute as one about a white male using his racist beliefs to justify killing innocent people of color.

However, all the evidence so far, leaves one scratching their head as to how they could conclude that the motivating factor in this incident was racism. This is yet another example of cultural Marxism in action, and an effort by government to fan the flames of fear in its effort to consolidate power.

Hashtags: #Atlanta #atlantaspa #CulturalMarxism #MSM #Government #Tragedy

References:

https://thefederalist.com/2021/03/19/corporate-media-dont-want-to-talk-about-the-atlanta-gunmans-real-motivation/

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Trump or Biden? Who is the Real Hitler?

From the day that Donald Trump was elected in November of 2016, we were constantly told that Trump was the modern incarnation of the Fuhrer of the Third Reich. “Donald Trump is literally Hitler, and his supporters are Fascists!” Came the cry of every media talking head, blue haired feminist, and pot smoking college student.

I’m no fan of Trump, but after Biden’s first week in office, I’m compelled to ask the question. Which President really resembles Hitler more?

References in this Stream:

https://www.nationalww2museum.org/war/articles/how-did-hitler-happen#:~:text=Upon%20achieving%20power%2C%20Hitler%20smashed,phase%20of%20World%20War%20II.

https://www.bbc.co.uk/bitesize/guides/zn8sgk7/revision/6

https://www.britannica.com/event/Night-of-the-Long-Knives

https://www.npr.org/sections/president-biden-takes-office/2021/01/22/959681427/biden-administration-announces-plans-to-assess-domestic-violent-extremism

https://www.cnn.com/2021/01/20/media/inaugural-address-biden-information/index.html

https://thepostmillennial.com/watch-dc-mayor-calls-for-national-guard-to-remove-trump-supporting-troops/

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Yes Gravel Institute, “Big Government” is the Problem (The Gravel Institute Debunked)

“Big Government” isn’t the problem, says Briahna Joy Gray. Rather it’s the people running the government. Strangely, she fails to mention who exactly is supposed to replace the people running the government. Join me as we debunk “Is ‘Big Government’ Really the Problem?” The latest piece of nonsense posted on September 28th, 2020 by the Gravel Institute.

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Hashtags: #TheGravelInstitute #BriahnaJoyGray #BigGovernment #Government #Corruption #Politics #Democrats #Republicans

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References:

Agresti, J. D. (2019, August 30). The Poorest 20% of Americans Are Richer on Average Than Most European Nations: James D. Agresti. Retrieved November 21, 2020, from https://fee.org/articles/the-poorest-20-of-americans-are-richer-than-most-nations-of-europe/

Chantrill, C. (Ed.). (n.d.). US Government Spending History from 1900. Retrieved November 21, 2020, from https://www.usgovernmentspending.com/past_spending

Huntzinger, J. (2018, December 7). Why The Founding Fathers Despised Democracy. Retrieved November 21, 2020, from https://finance.townhall.com/columnists/jimhuntzinger/2018/12/07/why-the-founding-fathers-despised-democracy-n2537155

Hülsmann, J. G. (2014, September 18). How Inflation Helps Keep the Rich Up and the Poor Down. Retrieved November 21, 2020, from https://mises.org/library/how-inflation-helps-keep-rich-and-poor-down

Iacono, C. (2016, February 25). The Myth of Scandinavian Socialism. Retrieved November 21, 2020, from https://fee.org/articles/the-myth-of-scandinavian-socialism/

Long, R. T. (2001, October 16). Equality: The Unknown Ideal. Retrieved November 21, 2020, from https://mises.org/library/equality-unknown-ideal

Lundeen, A. (2017, January 16). The Top 1 Percent Pays More in Taxes than the Bottom 90 Percent. Retrieved November 21, 2020, from https://taxfoundation.org/top-1-percent-pays-more-taxes-bottom-90-percent/

Mathew, N. (2019, January 12). Meet the Anarchist Who Single-Handedly Fought the US Post Office. Retrieved November 21, 2020, from https://fee.org/articles/lysander-spooner-the-anarchist-who-single-handedly-took-on-the-us-post-office/

Moseley, G. B. (2008). The U.S. Health Care Non-System, 1908-2008. AMA Journal of Ethics, 10(5), 324–331. doi: 10.1001/virtualmentor.2008.10.5.mhst1-0805

Syrios, A. (2015, November 23). The Good Ol’ Days: When Tax Rates Were 90 Percent. Retrieved November 21, 2020, from https://mises.org/library/good-ol-days-when-tax-rates-were-90-percent

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Yes Gravel Institute, Capitalism IS Freedom

Fordham Law School Professor Zephyr Teachout has released a video for The Gravel Institute titled, “Capitalism vs. Freedom.” In it, she argues that capitalism results in ruthless monopolies that mercilessly dictate the lives of every person within the economy. However, like every other critic of capitalism, she conflates voluntary transactions in the free market with government regulations, then advocates greater power for government to fix the problems that the government caused.

This video was requested by my patron Mikail the Stray Cat. All patrons who pledge $15 per month or more on Patreon or SubscribeStar are guaranteed to have their video requests made.

Hashtags: #TheGravelInstitute #ZephyrTeachout #Capitalism #FreeMarket #Economics #Government #Politics #GravelInstitute

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References:

Agarwal, R. (2018, November 15). Why Amazon Runs Toward Government With HQ2. Retrieved October 25, 2020, from https://www.forbes.com/sites/washingtonbytes/2018/11/15/why-amazon-runs-toward-government-with-hq2/

Apply for licenses and permits. (n.d.). Retrieved October 25, 2020, from https://www.sba.gov/business-guide/launch-your-business/apply-licenses-permits

Chappelow, J. (2020, September 16). Capitalism. Retrieved October 25, 2020, from https://www.investopedia.com/terms/c/capitalism.asp

Dilorenzo, T. J. (1996). The myth of natural monopoly. The Review of Austrian Economics, 9(2), 43-58. doi:10.1007/bf01103329

Dunkelberg, W. (2017, April 04). The Insidious Cost Of Regulation. Retrieved October 25, 2020, from https://www.forbes.com/sites/williamdunkelberg/2017/04/04/the-insidious-cost-of-regulation/

Edward Snowden: Leaks that exposed US spy programme. (2014, January 17). Retrieved October 25, 2020, from https://www.bbc.com/news/world-us-canada-23123964

Federal Laws Prohibiting Job Discrimination Questions And Answers. (2009, November 21). Retrieved October 25, 2020, from https://www.eeoc.gov/fact-sheet/federal-laws-prohibiting-job-discrimination-questions-and-answers

Foulkes, A. (2005, May 17). In Defense of Employment-at-Will. Retrieved October 25, 2020, from https://mises.org/library/defense-employment-will

Legrain, M. (2018, November 26). Revealed: Restricting breaks keeps poultry industry workers living in fear. Retrieved October 25, 2020, from https://www.theguardian.com/food/2018/nov/26/revealed-restricting-breaks-keeps-poultry-industry-workers-living-in-fear

Merriam-Webster. (n.d.). Freedom. In Merriam-Webster.com dictionary. Retrieved October 25, 2020, from https://www.merriam-webster.com/dictionary/freedom

Moseley, G. B. (2008). The U.S. Health Care Non-System, 1908-2008. AMA Journal of Ethics, 10(5), 324–331. doi: 10.1001/virtualmentor.2008.10.5.mhst1-0805

Tucker, J. A. (2008, January 07). How Free Is the “Free Market”? Retrieved October 25, 2020, from https://mises.org/library/how-free-free-market

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Idiots Lose Their Minds Over Price Gouging

Every time a disaster like #COVID19 rears its head, politicians and pundits come out of the woodwork to condemn “price gouging.” But what is #PriceGouging? What causes it, and does #Government make it better or worse with regulations?

Hashtags: #Economics #Coronavirus #Disaster #Rationing #FreeMarket #ToiletPaper

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References

Sampson, H. (2020, March 12). Travel prices are dropping almost everywhere as coronavirus fears take over. Retrieved from https://www.washingtonpost.com/travel/2020/03/12/travel-prices-are-dropping-almost-everywhere-coronvavirus-fears-take-over/.

Savodnik, P. (2020, March 19). Can movie theaters survive coronavirus? Retrieved from https://www.vanityfair.com/hollywood/2020/03/can-movie-theaters-survive-coronavirus.

Sowell, T. (2014). Basic Economics. New York: Basic Books.

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Does Dave Cullen Understand the Free Market?

Dave Cullen, of the YouTube channel Computing Forever, recently published a video titled “Start Your Own Planet!” In it, it appears that Dave is seeking to prove that the free market is insufficient to protect us from private monopolies that may one day leave us destitute and unable to obtain the necessities of life. However, like all those that speak out against private monopolies, Dave has neglected the fact that these monopolies only have the power they do because of government in the first place. Giving more power to government can only make the problem worse.

Hashtags: #FreeMarkets #DaveCullen #ComputingForever #Monopolies #SocialMedia #Censorship #Banks #Government

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References

ABA Pushes Back on White House Claims about Reg Burden. (2019, May 14). Retrieved from https://bankingjournal.aba.com/2016/08/aba-pushes-back-on-white-house-claims-about-reg-burden/

Bajpai, P. (2019, December 4). Countries Where Bitcoin Is Legal & Illegal (DISH, OTSK). Retrieved from https://www.investopedia.com/articles/forex/041515/countries-where-bitcoin-legal-illegal.asp

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The Case for Private Police

badge wallpaper

Could privatizing police services resolve many current issues with public law enforcement?

As you go about your daily life, I’m sure you’ve seen two different kinds of people wearing a badge. The first is the public law enforcement officer we’re all familiar with. Citizens pay taxes to the government in order to fund this officer’s activity, and we’re told that his department exits to protect and serve the community.  The other is a private security guard. His activity is funded by the private entity that desires his services, and his department exists to protect and serve the interests of that private entity.

While government regulations carefully distinguish between the roles and responsibilities of public law enforcement officials and private security professionals, they share a common motivation for their activities that makes them exactly the same in principle. That is that all police and/or security services, public or private, exist to protect the interests of their clients. In other words, they answer to the people who pay them, and they are held accountable only in as much as they fail to serve those interests.

In the case of private security this should be very obvious. Consider any common business where you’re likely to see private security guards.  For example, most privately-owned shopping malls employee such services.

Shopping malls employee private security because they have a vested interest in ensuring that merchandise is not stolen from their clients. They also have need to ensure that their customers feel safe and secure as they go about their shopping. However, shopping malls also have a vested interest in holding their security staff accountable.

If security guards are routinely rude and disrespectful to patrons of the mall, those patrons are unlikely to continue shopping there, and the mall will cease to be profitable. Further, if the rules that the mall asks its security staff to enforce are too restrictive and displeasing to patrons of the mall, patrons are again unlikely to keep shopping there.  The mall will again cease to be profitable, and thus the interests of the malls patrons are necessarily intertwined with the mall’s interests.

For this reason, every private security professional understands that his primary objective is to ensure that his client, in our example the shopping mall, has his interests protected. If the security professional fails in this mission, his client will quickly dismiss him in favor of a different security professional or firm that can do a better of job of protecting his interests.

But what about public law enforcement?

Undoubtedly, there are those in the community who donate their private funds to police causes, but at the end of the day, citizens are coerced into paying taxes, which are then allocated to the various branches of government by the state, including law enforcement agencies. If citizens are displeased with the police services they are receiving, they can write their elected officials and express this, or call the law enforcement agency directly and file a complaint, but they cannot dismiss public law enforcement officials for dereliction of duty as they could private security professionals that they were employing directly. The only entity that can dismiss public police officers is the state itself.

For this reason, the public police officer, just like his private security counterpart, realizes that he has an obligation to protect the interests of his client. However, his client’s interests are unique in that the state is never under threat of losing profitability because of displeased patrons. Citizens will be forced to pay their taxes whether they want to or not.

Consider then the practical consequences, when law enforcement fail in their responsibility to protect and serve the community.

In 1981, the court case Warren vs. District of Columbia was brought before the District of Columbia Court of Appeals. This case involved three women who had horrific crimes committed against them by men who forcibly broke into the building in which they lived. While two of the appellants had contacted the D.C. Metropolitan Police Department when the break-in began, dispatch and patrol officers failed to follow multiple department procedures. Despite arriving at the scene, officers did not investigate beyond knocking on the door, and then departing when there was no answer. As a result, a crime that could have been stopped within minutes of its beginning became a series of horrific crimes that lasted 14 hours.

The women who had endured these crimes sued the District of Columbia on the basis that Metro P.D. had failed to follow its own procedures, and in so doing, failed in its stated mission to protect the community from crime. However, the court ruled against the appellants stating,

“A publicly maintained police force constitutes a basic governmental service provided to benefit the community at large by promoting public peace, safety and good order. The extent and quality of police protection afforded to the community necessarily depends upon the availability of public resources and upon legislative or administrative determinations concerning allocation of those resources…” (Warren v. District of Columbia, 1981).

The court went on to say,

“At any given time, publicly furnished police protection may accrue to the personal benefit of individual citizens, but at all times the needs and interests of the community at large predominate. Private resources and needs have little direct effect upon the nature of police services provided to the public. Accordingly, courts have without exception concluded that when a municipality or other governmental entity undertakes to furnish police services, it assumes a duty only to the public at large and not to individual members of the community” (Warren v. District of Columbia, 1981).

In other words, the court was very clear that police do not exist to protect individuals. They exist to protect the state. Granted, the state attempts to hide this fact by broadcasting the idea that police exist to protect “the community” but the community is nothing more than a collection of individuals. It may be the case that the state’s interests and individual interests happen to align in many circumstances, but the fact that individuals have their interests protected by police in some circumstances is nothing more that a fortunate side effect. Whether the police officers themselves realize it or not, they are always acting in the state’s interests and will do so in any case where the state’s interests conflict with individual interests.

This is not the fault of police officers themselves, but of the incentive structures that are created by coercive taxation. There is no reason that public law enforcement services could not continue to exist as private entities. Whether individually, or as members of a neighborhood, private entities could employ private police firms to protect their own interests, just as many businesses do every day. In a free market, this would lead to competition among private police firms in which only those firms that provided the highest quality service for the lowest possible price would survive. If at any point, you were displeased with the police services being provided, you could fire your current firm, in favor of another, better quality one.

At this point, it is important to be absolutely clear that police officers themselves are not the enemy. It is undoubtedly true that many brave men and women have chosen to become police officers out of a genuine desire to protect their communities from harm. It would be wrong to dismiss the fact that police officers can and often do protect innocent people from harm.

However, when police brutality and other misconduct do occur, it is symptomatic of the incentive structures that exist within all tax-funded, state services. Because public police services answer to the state and not directly to the people, they will never have the same incentives regarding public perception and satisfaction that private security services do. Further, the state always has the incentive to use the police to further its own interests, even when that means ordering them to violate the rights of its citizens.

In summary then, all police and/or security services, public or private, exist to further the interests of their clients. As such, publicly funded police services will always serve the interests of the state, not individuals within their community. It will be impossible to quell the corruption that results from these incentive structures except via a free market solution, the complete privatization of police and security services.

And that is My 2 Cents. Take it for what it’s worth.

This article is available in video format here:

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Citations:

Warren v. District of Columbia, 444 A.2d 1 (DC Court of Appeals 1981). Retrieved from https://law.justia.com/cases/district-of-columbia/court-of-appeals/1981/79-6-3.html

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AOC’s Not So Just Society

Alexandria Ocasio-Cortez has made a video for NowThis News laying out her so called #JustSociety. As per the usual, the five bills and one resolution that #AOC has endorsed are a compilation of economic illiteracy and identity politics that will bankrupt the nation and lead to untold poverty.

Hashtags: #NowThis #Economics #Government #Socialism #Capitalism

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Original Video:

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Citations:

OECD (2019), Poverty rate (indicator). doi: 10.1787/0fe1315d-en (Accessed on 19 October 2019). Retrieved from https://data.oecd.org/inequality/poverty-rate.htm

Guzman, G. (2019, September 26). U.S. Median Household Income Up in 2018 From 2017. Retrieved from https://www.census.gov/library/stories/2019/09/us-median-household-income-up-in-2018-from-2017.html.

Median Income by Country Population. (2019, October 1). Retrieved from http://worldpopulationreview.com/countries/median-income-by-country/

United States Population (LIVE). (n.d.). Retrieved from https://www.worldmeters.info/world-population/us-population/.

Poverty headcount ratio at $5.50 a day (2011 PPP) (% of population). (n.d.). Retrieved from https://data.worldbank.org/indicator/SI.POV.UMIC.

Hawkins, J. (2013, June 19). The 20 Greatest Quotes From Walter Williams. Retrieved from https://rightwingnews.com/john-hawkins/the-20-greatest-quotes-from-walter-williams/.

Agresti, J. D. (2019, August 26). The Poorest 20% of Americans Are Richer on Average Than Most Nations of Europe. Retrieved from https://www.justfacts.com/news_poorest_americans_richer_than_europe.asp.

Early, D. W., & Olsen, E. O. (1998). Rent control and homelessness. Regional Science and Urban Economics28(6), 797–816. doi: 10.1016/s0166-0462(98)00034-9

Sowell, T. (2014). Basic Economics. New York: Basic Books.

Hanson, V. D. (2002). Do We Want Mexifornia? Retrieved from https://www.city-journal.org/html/do-we-want-mexifornia-12236.html.

Roberts, J. M., & Olson, R. (2013, September 11). How Economic Freedom Promotes Better Health Care, Education, and Environmental Quality. Retrieved from https://www.heritage.org/international-economies/report/how-economic-freedom-promotes-better-health-care-education-and.

Economic Freedom Graphs: https://www.flickr.com/photos/shanedk/sets/72157646459874723/

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Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for -fair use- for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use.

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The Truth about Amazon’s “Our Positions” Paper

Recently, e-commerce giant #Amazon released a document titled “Our Positions,” in which they laid out the company’s official stances on public policy issues such as the federal #MinimumWage, #Immigration, and #DiversityandInclusion in the workplace. Unfortunately, while Amazon may claim that it advocates government regulations for the good of the people, careful analysis reveals that it is doing nothing more than advocating for regulatory capture to force its competition out of the market and grant itself a de facto state enforced monopoly. In this video, Nate the Voluntaryist, Nightshift10000, and myself analyze each policy point of Amazon’s paper and show this to be so.

This discussion was part of my second monthly patrons’ hangout for the month of October 2019.

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https://www.aboutamazon.com/our-company/our-positions

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