Source: It needed to be said, and Investor’s Business Daily has stepped up and said it well, now that we have reason to believe that a majority of the memos prepared by James Comey on his conversations with the president contained cla…

Source: The Bernanke-Yellen Bubble-Depression | Mises Wire

A case for federal health care spending?

Former trial attorney in the tax division of the Justice Department (an oxymoron if there ever was one) and U.S. Treasury department bureaucrat Moshe Schuldinger responded to my letter of last week in today’s Record. He cited the polices of Otto Von Bismarck, the father of the welfare state, as proof that federal health care spending is not verboten. He also argued his case—employing a logical fallacy, the argument from authority—claiming the Supreme Court ruled it is ok for the federal government to engage in a myriad of activities even though they are not authorized in the Constitution, because the feds have implied powers.

Schuldinger would thus support the Dred Scott decision, FDR’s internment of Japanese-American citizens during World War II and other egregious violations of individual liberty, because the Supreme Court said they were constitutional.

As a career bureaucrat in DC, it is no wonder Schuldinger is an apologist for the federal government’s gross depredations of human freedom. He should read Richard Ebeling’s analysis of von Bismarck, Bastiat’s The Law, Judge Napolitano’s essay on the Supreme Court, and Rothbard’s The Fallacy of the Public Sector.

It is doubtful Schuldinger would embrace individual liberty instead of statism after reading these essays—because once someone has spent life in the “belly of the beast,” he tends to be resistant to the truth about the federal government.

And it will probably get worse.  Bureaucracies rarely reform themselves   

“New Jersey could put the old Soviet Union to shame when it comes to party functionaries unresponsive to both the public and the press, especially when it comes to N.J. Transit and Motor Vehicles…”

Source: New Jersey: The Soviet state of unresponsiveness | Mulshine

Source: Rick Perry — and His Critics — Still Dont Understand Says Law | Mises Wire

Why we desperately need super limited government.  

Source: The Powder Keg Of The POTUS

“There are no episodes in which unemployment rose a bit and remained stable at its natural employment rate. Rather, a recession has always followed.”

Source: “… A Recession Has Always Followed”: Is This The Real Reason The Fed Is Suddenly Panicking

Money Still Makes Biggest Difference to Kids’ Wellbeing in NJ

Advocates for Children of New Jersey’s annual Kids Count report on the state’s counties has a different look, but the same basic message: wealth makes a difference when it comes to the education, health, and safety of children. The organization released today its 2017 profiles and rankings based on a dozen measures of child wellbeing. Rather… Read the rest of this entry »

Source: EconomicPolicyJournal.com: Nassim Nicholas Taleb on Entrepreneurship

Source: Russophobia Hits the Libertarian Movement

In her New York Times column yesterday Maureen Dowd wrote the following, “Bannon [one of Trump’s closest advisers] is right to challenge his colleagues’ claim that the rich pour money from tax cuts back into the economy… If you give a tax cut to people who make a million a year or more, they save the money. But if you give a tax cut to working – class and poor people, they spend the money. So the multiplier effect for the economy is much higher with tax cuts for people who don’t have a lot of money.”

Read the rest of this entry »

“[Trump] asked many questions on that subject [of Russian meddling]… I answered those questions as best I could. I think he took it into consideration and agreed with me…”

Source: Putin: Trump On TV Is “Very Different From The Real Trump”

Trump needs to read The Law by Bastiat and Economics in One Lesson by Henry Hazlitt.  

Source: EconomicPolicyJournal.com: Trump Doubles Down On a Higher Prices, Fewer Goods Program

Source: EXCLUSIVE: Documents expose how Hollywood promotes war on behalf of the Pentagon, CIA and NSA

Source: The US Is Not “One Nation” — And it Never Was | Mises Wire