Archive for May 16th, 2009
Another hedge fund manager gambles the taxpayer’s money
by Maddog on May.16, 2009, under Looters, News, Politics
At least this parasite lost 5 million playing poker. Yahoo News
That is much better than having tax dollars being used to ship jobs out of the USA. An earlier post about GM shipping jobs overseas
Most people are blind to the reason that the economy is such trouble. A number of things are contributing to the death of the economy and liberty in general.
1. Fiat currency distorts the markets giving an incentive to decision makers in industry to lower quality. A commodity based currency would also encourage longer term planning in all levels of investment, production, and quality.
2. Regulations raise the cost to enter a given market. Most regulations are lobbied for by Corporations that already dominate their market. Example- The top tier oil Companies that dominate the oil exploration market, lobby for regulation that stops smaller independent oil exploration companies from drilling for oil, hence they keep the price of oil high. An article about peak oil scam
3. Prohibition & legal extortion. There is a gigantic parasitic industry that profits from making war on the liberty and rights of the people. First you have private prison and subcontractors lobbying lawmakers to pass new laws and to upgrade what use to be a petty or summary offense to a misdemeanor and/or felony grade with much higher incarceration time. Many things that are felonies today were either low grade fine type offenses or didn’t exist as a crime as few as 5 to 10 years ago. Then you have taskmasters (law enforcement) running and getting elected to offices so they can pass more laws and increase penalties for petty offenses and/or victimless crimes. Then you have judges taking bribes to send teenagers to private jails.
Of course they lobbied the legislatures to pass laws that exclude a significant percentage of the population from the jury pool, thereby guaranteeing a high conviction rate. All of these things take up a growing portion of government spending. Not the mention the lost productivity of formerly productive citizens who are locked up. In the past decade law enforcement & incarceration has surpassed education as a percentage of most State budgets including my home State of Pennsylvania. (continue reading…)
