The Consumer Financial Protection Bureau is ruled unconstitutional

The CFPB is/was housed within the Federal Reserve. The funding for the CFPB comes/came from the Federal Reserve. That’s a problem as Congress is the entity which is to allocate money for such programs.

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A Modest Proposal: Let’s just cut the big cities loose

Now before I get into it let me state that I love many big cities. Part of my family is from Manhattan. I continue to enjoy New York. It’s great in many ways. I enjoy the Village, and the art, and the street food, many things. I am also one of the few small government people one is likely to meet who really enjoys San Francisco. As dirty as the place can be it is also beautiful with a great mix of influences from around the world but particularly from across the Pacific.

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China’s Crony Capitalism: The Dynamics of Regime Decay

This is excellent stuff. When Minxin Pei writes about how it is easy to amass wealth politically in a one party state an image of California instantly popped into my mind. Cali and China are in no way equivalent on the crony spectrum, but as the state increasingly becomes a Democrat only state (and this is only partially because of voter preferences) the observation Pei makes will only become more true.

Regardless we are pleased to see this exploration of China,

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IMF: US growth projected to decline by 38% from 2015 rate

We are still dealing with the 2008 Crash. It still hangs over the world economy. The pain from that time is not forgotten. The economic bruises are still sore.

All of the conjuring from the central bank wizards, all the “stimulus,” the QE, the ZIRP, now NIRP, Operation Twist, all of it and the bruises are still too raw to touch.

Maybe we should have just let markets clear 8 years ago huh?

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The DEA’s Contrived Kratom Crisis

The puritans and the cronies join together all the time to restrict the freedom and liberty of Americans.

Drugs should be a non-issue in the USA. Free people have a right to treat themselves and yes, even indulge themselves as they see fit. We are supposed to be a free people. This is supposed to be a free country.

There is so much good that could be done with psychedelics, marijuana, kratom, other restricted drugs, in terms of treatment.

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Alan Greenspan knew the dangers of Fed manipulation, but he let the bubbles bubble to win political favor (and get reappointed)

We have said before that no Fed Chair was ever “free market.” This absolutely includes Mr. Greenspan. His legacy is one of a price fixer, an economic manipulator, a bubble blower, and ultimately one who in many ways ushered in the crony era we live in today.

But as we see in the attached piece from Sebastian Mallaby, Allan Greenspan, the one time “Maestro,” knew better all along. He knew that Fed policy could and typically did destabilize the real economy.

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Do levels of sunshine determine how much one likes (needs) big government? (MAP)

OK, just to be clear this is a half joke. There is no scientific basis for it. I stumbled across this map and just thought it was interesting how the higher the level of solar radiation the less likely (generally) people seem inclined toward big government. At least in the West.

California, as usual, remains an outlier.

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Same place, same computer memory, 58 years later (PIC)

I was just in Target where I saw I could buy a 1 TERABYTE XBox 1 for $300. $300!

This is the beauty of innovation, and competition, and capitalism. Do you think the Soviet Union would ever have come up with a 1 terabyte personal computer? Never mind at a cost that most middle class families can manage? No, ahem, way.

You socialists are nuts (I say respectfully.) Now,

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45 Congressmen Ask DEA Not to Ban Kratom Next Week

Kratom is an herb that has helped some people get off of opioids. It is a drug but one can buy it legally. However this will soon change due to a DEA classification of kratom as a Schedule 1 substance. (Which means it’s totally banned even from research.)

The herb appears to have helped people. Why ban it, even from research, in the face of increasing prescription opioid addiction?

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Mylan’s EpiPen Schools Push: Were parent health bloggers manipulated (enticed?) into lobbying for the company?

So Mylan recruited a team of parent “health bloggers” to make the case for an EpiPen mandate in public schools. The company wined and dined the bloggers and then paraded them in front of lawmakers and the media. During this time Mylan was also jacking up the price of the EpiPen as schools were forced to buy the product.

(From Reuters)

It was the first of at least four summits, each involving about 15 bloggers,

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