Calls to reform, audit, and even eliminate the Federal Reserve have been growing in recent years. We certainly call for an end to the Fed and I encourage anyone interested in monetary policy and the Federal Reserve to read Free Prices Now by ACC co-founder Hunter Lewis. Hunter is a scholar of the highest order and a remarkably successful financier. If you want to understand the sins of the Federal Reserve read his book.
But many people already understand the sins of the Fed and many of these people gathered in a counter summit to the party the Federal Reserve was having this week in Jackson Hole Wyoming. One of the people criticizing the Fed was Benn Steil who, believe it or not, is a director of international economics at The Council on Foreign Relations.
Crony capitalism is a bipartisan endeavor. The Dems often get dinged pretty hard because they are particularly inclined toward mixing business and politics (and make no bones about it), but the Republicans love to do the the crony pony too.
This is where we are as a country now. The lawyer for the former head of the IRS, Lois Lerner, whose emails magically disappeared and who magically was able to avoid prosecution for obstruction of justice and other things is now handling the dissemination of the Clinton emails to investigators?
This is Washington.
I think there is no reason why pot should be illegal. It should be restricted by law from children of course, it is an intoxicant, and it certainly can do harm, but adults should be able to partake if they desire. More and more of America is in agreement with this view and I think this is very healthy.
Cannabis legalization is, as I see it, clearly a matter for the states to decide (not that they have decided) under the 10th Amendment. If Utah wants to keep it illegal, no problem. If Colorado prefers sanctioned ganja then so be it. You decide which ski resort you want to visit.
A marijuana legalization initiative in Ohio received enough signatures to get on the November 2015 ballot, Secretary of State Jon Husted announced on Tuesday, much to the excitement of the measure’s pro-pot supporters. If it passes, Ohio will become the fifth state (plus the District of Columbia) to allow people 21 or older to grow, possess, and use marijuana for recreational purposes, and it would be the first state in the Midwest.
But it isn’t just Ohio that’s gearing up for legalization in the United States. Seventeen other states have legislation in the works, including two others that have also earned their ways onto state ballots. Using data from Ballotopedia and local news sources, ATTN: compiled a list of the latest marijuana campaign initiatives.
Click here for the article.
It is entertaining. All the “Ready for Hillary” bumper stickers seem to have vanished over the last month or so. Donald Trump is making mincemeat of the GOP party apparatus. All sorts of assumptions about the 2016 presidential race have been tossed out. Rules have been broken. New paths are being blazed.
It has all thrown the DC political class for a loop. And that is a very good thing.
Ms. Lerner, who many believe targeted TEA Party groups for persecution while head of the IRS apparently didn’t (doesn’t) have much regard for a large part of the United States. In one email a colleague refers to Texas as “pathetic.”
That’s pretty interesting coming from a Northeasterner. Businesses and people are leaving the Northeast and moving to places like Texas and other parts of the South in droves. Without the job gains in Texas there would be no, as in 0, job gains post 2008 Crash in the USA.
It seems natural that a conservative would want to remove a non-conservative like Boehner as Speaker of the House.
Ralph Nader is one our favorites here at ACC. We disagree with him on a myriad of issues. He likes government quite a lot. We, well are more skeptical of the state. Saying that though, there is no doubt that Mr. Nader is an enemy of crony capitalism and one of the good guys running around Washington. (There are a few.)
Below is a declaration. A call to town halls. A call to take the rhetorical fight directly to our elected officials during their summer recess. If our representatives are going to ignore us in DC they will have a much harder time ignoring us at community meetings and grandstanding events. Turn on your iPhones. Record responses to hard questions. See what happens.
They do work for us.
Heads they win. Tails you, well you know how it goes. You read this website.
Akin Gump (And just to be clear Bubba Gump is a shrimping company and not affiliated as far as we know) is an equal opportunity bundler. Republican? Ok. Democrat? No problem. Need money to get elected? We’ve got you covered. Easy terms too.
Obamacare is a giant jack. And no, single payer is not the solution. That is the last thing we need. Single payer is an excuse for all sorts of other cronyism. Not to mention that socializing healthcare in the 21st Century is just a backward idea. We should be opening up healthcare not centralizing it.
There is some debate around here as to the world’s most crony company. There are many candidates but consistently in the top 5 or so is Goldman Sachs, Government Sachs.
Few companies have exploited the taxpayer and political connections to the extent Goldman has. Truly it is a company built fundamentally on cronyism.
In 2008 Goldman Sachs was leveraged more than 100 to 1 on its assets. (That is probably a conservative estimate.) When the economic tide turned it was fully exposed. It should have died the disgraced death it deserved. It should have been crushed under the wheel of the market.
Goldman however had a former CEO at Treasury, Hank Paulson, who bailed out his buddies with money taken from taxpayers.
Some? A lot.
We’ve been talking about this for 3 years. For many very powerful interests either one, either family, either member of the Establishment Party is fine.
Look, there are a whole lot of people who want to be ruled. They crave it. They want to be managed. They need to be told what to do. And by God they want others to live under the same yoke.
What kind of pathetic person makes the case for colonial domination, and then tries to couch such an argument in “progressive” terms? A particularly gutless fellow I’d say.
Someone who would prefer to be a subject, and prefer more importantly that others be a subject, than be a free individual. Think about that.
He argues that if only we’d stayed part of the empire we’d have been a lot nicer to native peoples etc. This person has apparently NO KNOWLEDGE of the British Empire beyond, well, I doubt he has much knowledge at all. We suggest that this writer for Vox start by learning about British rule in India, then go from there.
Who do you think got the slave trade really going Mr. Mathews? It wasn’t colonial Americans I can assure you of that.*
Truly stupefying ignorance.
What’s particularly bizarre is that this guy doesn’t even understand (apparently) that he’s making a reactionary, a “conservative” (in the worst sense) argument. That we should never have manifested the Enlightenment in the American Revolution. We should have just puttered along as subjects, sub-humans fundamentally, to the British crown.
If you really want to understand why the crony capitalist system is so insidious as well as ubiquitous I highly recommend listening to this bit from the master Murray Rothbard. If you really want to get what is so messed up about government and the “privavte sector” partnering up, one must know at least a little bit of his work.
Warning though. Rothbard can rattle one’s whole understanding of politics and economics.
Lord knows we don’t agree with Democracy Now on everything, or perhaps even much, but it is a real live legit news source. Sometimes it has real gems.
Holder cashes in – big time.