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Tag Archives: crony capitalism

Another Oligarch Preaches to the Peasants – Charlie Munger Says “Prepare for Harder World”

I’m not a fan of Charlie Munger, Warren Buffett’s right hand man. I haven’t been a fan for a long time but this statement back in 2012 really annoyed me.

Such arrogance. I’m sorry Mr. Munger but not all of us get to drink from the Fed’s fire hose of easy money. For many of us gold is a last resort. Not an investment per se, but a hedge against guys like you. Of course you know that and that’s why you said what you said.

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Politico: 2016 brawl breaks out on Senate floor (Rand versus Rubio, Cruz, and ahem, Graham(?))

Yeah, Senator Graham somehow inserted himself into this story.

This has been one weird day in the Senate and this is the 3rd post we’ve done today on Rand Paul and his military funding proposal.

Though we have said that we were not pleased with Rand Paul’s amendment, at least it called for cuts (if future cuts) to other spending. Rubio just wanted to spend money on defense whatever the cost to taxpayers and future generations. Cruz sided with Rubio. But in the end neither Rand’s or Rubio’s proposals got past the Senate floor.

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Crony marijuana in Ohio, Cartelization in the legal pot market

The good news is that Ohio may soon legalize the recreational use of cannabis. This is a huge step forward for personal liberty and common sense generally. No one should be going to jail for weed.

But there is a fly in the hash oil. If the new law in Ohio passes, and it likely will, only a few select marijuana “investors” will have the right to grow the plant for profit. Essentially Ohio will create a cartel for weed and that certainly is NOT progress.

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Google meets with the White House nearly every week?

Google is massive. Its power radiates from Silicon Valley warming the bank accounts of employees, shareholders, and politicians alike. It is as iconic a brand as Coke or Ford. And it has gained this status in a relatively short period. I remember when Google just happened to have the best search engine in the business but trailed Yahoo. That was just over a decade ago.

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Report: Va. governor received special treatment from Homeland Security

Ah yes, a crony dispatch from my home state, the Commonwealth of Virginia. We used to be relatively clean (or particularly good at keeping things quiet). Now the former governor is in prison and the current governor, Clinton crony and crony capitalist extraordinaire Terry McAuliffe is defending his “little” piece of the great taxpayer financed “green” stimulus rush of the early Obama years. Seems that Homeland Security may have thrown some favors the governor’s way. According to the report things look legal, but most crony capitalism is.

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