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Tag Archives: regulation

New Poll: Obama Aids Rich, Not Middle Class

One doesn’t need a poll to see this. During the Obama presidency the rich have done quite well. The so called “underclass” has been largely placated. (Obama got rid of Clinton era “workfare” for instance making welfare a “life choice” again.) But the middle class, the core of America, has been hurt. There is simply no denying it. (I mean one can, but one would be wrong.)

It’s not entirely Obama’s fault. He is only a part of the puzzle, if a big part.The Federal Reserve has fundamentally undermined the economy. It has rewarded those who already had assets before the 2008 Crash with an inflated stock market. Those without assets, or those whose only “asset” is their home? Well, too bad so sad.

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Bitcoin poker exec: “I was led out in handcuffs in my underwear”

Poker is a game that I think most people should learn to play. I am not suggesting that everyone sit down at a Vegas table and start betting. By no means. Unless you have a burning desire to lose money. But learning the rules of the game and how it works is very beneficial. The lessons I’ve learned while playing poker (I haven’t played in years) have served me well. It’s too bad our government(s) has such a problem with the game.

In fairness this fellow may have broken the law. But should law enforcement really make busting up poker websites a priority? Seems odd in a “free country.”

It’s poker.

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So Biden wants to “emancipate” wealth? OK, let’s take a look at how he got his

Biden is the quintessential political Cheshire cat. (The Washington DC subspecies.)  The guy can smile through anything. Probably a good thing to be able to do if one is Vice President Biden.

“Just keep smiling.

Did I just cozy up to the nominee’s wife on stage? Why did I do that? Oh man. Damn, why can’t I remember to keep it back stage!

Just keep smiling.”

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At the very least we should be able to see the new ‘Net neutrality’ rules

We should be able to see the rules before things start happening officially. I think we’ve all had enough of the “we’ll find out what’s in it when it goes into effect” bit. If there is nothing of concern in the rules then the FCC and the administration need not worry. The public generally is pro “net neutrality” (though most, including many people making decisions in Washington, don’t really have a good grasp of the concept). So it might be an easy win.

We have been generally critical of the administration’s push.

But whatever side of the issue I think everyone can agree that seeing the rules, letting the public vet the rules, before they go into effect would be a good thing to do. Let’s hope Chairman Wheeler is listening.

Why would the administration want to keep the rules secret?

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(The beauty of capitalism) Everything in this 1991 RadioShack ad exists in a single smartphone

This is from the Huffington Post via HigherPerspective.com.

Tech is pretty much the least regulated part of our economy. Is it any wonder why such miracles have been born? Just imagine the innovation which could be released in other parts of the economy if we allowed it.

The natural tendency is for prices to fall for consumers in a free economy. In a restricted and managed economy the goal is always to have at least a bit of inflation. That way the debt game keeps rolling.

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