Dilma Rousseff the Crony Capitalist/Socialist has Officially Been Thrown Out of Brazil’s Presidency

Brazil is truly and deeply a crony economy. Red tape strangles everything. This has long been the case. However, since the socialists came in on the “Pink Tide” it’s just gotten worse.

But this is progress. There was no coup. The removal was constitutional. And Brazil’s young and very strong libertarian movement was key in this effort. Let’s hope that Brazil will continue to turn it’s back on crony capitalism/socialism in the weeks, months, and years ahead.

MENOS MARX!

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DEA banning yet another substance that might help people with opioid dependence

Kratom is a plant that grows in South East Asia. It is commonly used in teas and reportedly produces a calming effect on the drinker. It has also been used by those dependent on opioids and alcohol to lessen the intake of these drugs. But now the DEA is placing kratom on Schedule 1, essentially banning its use in the United States. Legal heroin, Oxycodone, will remain legal however. (Of course.)

Why does the federal government meddle in such things?

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The new $2.45 billion question at Amtrak

Why is Amtrak still owned by taxpayers? Either it works or it doesn’t and if passenger rail isn’t viable economically in the United States it should be dead. So what if Joe Biden likes it?

Actually I don’t hate Amtrak. I take it into Washington occasionally. But there is really no reason for it to operate as it does currently. Either privatize it. Or kill it. It doesn’t make much sense to keep pouring money into a system which is in the red,

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More #CronyMedia: PBS cuts Green Pres. Candidate Jill Stein’s Comments Critical of Hillary Clinton from Interview

We often discuss the crony media. Its disposition is generally corporatist, generally left of center, absolutely statist, and a key part of the establishment power structure. The #oldmedia generally cheers the Dems and generally seeks to make life hard for the Republicans. But the #oldmedia doesn’t like anyone who doesn’t adhere to the official line whoever they are, as we witness here.

It should be noted that Judy Woodruff,

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What if only taxpayers voted? (Interesting Graphic)

This map was originally posted by CNN and reflects 2012 exit polling. Though it doesn’t say it appears that “taxpayers” in this case means federal tax payers. Obviously those who don’t pay federal taxes, or even state income taxes pay sales taxes etc.

We are not arguing that only those who pay federal taxes should be able to vote. Let’s make that clear. But this graphic does show the disposition of those who carry most of the federal tax load.

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Crony Capitalism is a Feature (Not a Bug) of Obamacare

We have long asserted this. Obamacare is/was good for the insurance companies, the pharmaceutical companies, the drug stores, all sorts of large vested interests. The lobbyists for these interests wrote large pieces of the legislation.

Obamacare is a vehicle for cronyism. That is its nature. That is what makes Obamacare Obamacare.

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‘Brave New World’: Fed to Buy Corporate Debt?

The underlying Yahoo News article doesn’t actually talk about Fed buying corporate bonds. It only states:
” [Yellen] said, ‘future policymakers might choose to consider some additional tools that have been employed by other central banks,’ including buying a wider range of assets [ with newly created money.]”
But just imagine if the Fed did start buying corporate bonds, what a wave of corruption it would set off.

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Light that match: Yellen suggests radical new Fed policies

Yellen says the Fed is not “ actively considering” any of the radical and destructive ideas she outlines in her speech, but if not why is she mentioning them? These ideas include:  printing money to buy assets including stocks, targeting 4% or higher inflation, printing money until nominal GDP hits a certain target (Fed speak for until we get as much inflation as we want).

Also note that when ’08 hit, the Fed bought government supported mortgage securities even though that was illegal at the time.

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Justice Dept.: Firing migrant workers with expired papers is discrimination

The goal ultimately is to make it harder and harder for companies to fire anyone.

Sounds good for workers right? Well, it’s a double edged sword. If it’s harder to fire it’s much harder to hire. Companies fearing being stuck with poor performers will choose to not hire or to automate.

And check this video out. This is the sort of thing employers have to concern themselves with these days. Good luck keeping all the rules straight.

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The anti-crony activists fighting for property rights in San Francisco

Let me say from the outset that development can be a pain. I live in an area which has seen lots of development in the past 3 years and I miss the old version of my town. In fact I had a guy build a much too big house on a tiny lot just across from me. I was NOT happy.

Over the past 3 years I have also seen how local cronyism can influence where houses are built,

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Federal Reserve meets with protesters afraid that a rise in interest rates will hurt Dem election chances

Well they didn’t say that exactly but everyone understands that a rate rise from the Fed might send stocks tumbling along with Democratic chances of taking the White House.

It’s interesting that the Fed folks met with these protesters as they seem quite uninterested in meeting with people who actually protest the insanity of the central planning organization (and who know what it does). The Fed critics far outnumber activists simply concerned with higher interest rates.

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Want to Reduce the Price of EpiPens? Approve Some Competition!

Yet another example of the state getting involved in medicine and the state making it possible for protected monopolies to cash in.  It’s not the market that pushed up prices on epipens. It’s the lack of market forces.

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