Will the cronies lose? Will Britain vote for Brexit? Will the UK leave the European Union? Will sanity win?

Lord, we certainly hope so. Britain should run at a deliberate pace away from Brussels and never look back. Never look back.

Be friendly with Europe. Do business with Europe, (they want to do business with you) but know that you are better Britain, our friend, as a sovereign state.

Read More

Chelsea Clinton’s Husband Closing Hedge Fund After Losing 90 Percent Of Its Money

Hedge funds have been the vehicle of choice for the connected to get rich(er) for quite a while now. But losing 90% of one’s customer’s money is generally frowned upon. Even if one is attached to the Clintons.

How will the young family get by? What will they do? Where will they go? How will they survive? Are they going to be “dead broke” like their parents were? Is there no end to the struggle?

Read More

Too much is being made of The Economists crony-capitalism index

The man who founded the religion which gave crony capitalism a degree of respectability for too long. J.M. Keynes.

We absolutely agree. As we have said in the past the effort is laudable and we will continue to watch it. And it appears that the folks at The Economist are heading in the right direction. The most recent edition is much better than the initial effort for instance. Our hope is that this trend will continue.

Read More

How Does the World Fight Legal (as Well as Illegal) Corruption?

Some good ideas here. Some significant points of disagreement (the media is all too often not on the good guy side, it’s not just “state capture” it is capture of industry by the state too), but generally a good piece.

Read More

Robert Reich: The New Common Ground Between Populist Left and Right (?) VIDEO

Yes, we are featuring a video by Robert Reich, someone who is often very wrong on very important subjects. Saying that however we very much appreciate this video and its spirit. There are some major points in the video where I think he’s a bit optimistic from his perspective but there certainly are plenty of areas where what we commonly call the “Right” and “Left” can come together to do some real good.

Read More

Government wastes your time and money with its paperwork and red tape (But what are you going to do about it?)

Government is massive. It is inefficient. It is wasteful. It bullies. It over regulates. It hinders commerce. It is the fundamental component of crony capitalism. Crony capitalism can not happen without government. The bigger the government the more crony.

Laws should be simple and straightforward. They should be few. They should be transparent.

To the degree that laws are not simple and straightforward, to the degree that they are many and not few, to the degree that laws are not transparent,

Read More

Some CEOs don’t like that cronyism is increasingly under the microscope

“The precipitousness of the political debate is a little scary right now,” said Jim McNerney, who served as chief executive of Boeing Co. until last year and as chairman until February, at a recent industry conference.

“Anti-business” and “anti-market” are 2 very different things.

Many feel frustrated these days. There is the sense that there is an agenda and that everyday people are not part of that agenda.

Many people have been under considerable economic pressure since the Crash in 2008,

Read More

45% of Americans pay no federal income tax

Meet Loot and Extortion.

Many people even actually get tax credits, that is money in their pockets from the money extracted from taxpayers by the IRS.

I have little problem with people not being legally obligated to pay taxes. Taxes should have minimal impact on people’s lives. The smaller the tax bill the better for everyone.

But some of us must pay taxes. Many of us who fall into this camp are by no means rich,

Read More