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Political Paternalism, Not Free Markets, Cause Economic Shocks

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One of the political paternalist tricks is to insist that any economic policy failure is more “proof” of the bankruptcy of the market economy. Once again, this worn-out device is employed by Columbia University professor and Nobel Prize-winning economist Joseph E. Stiglitz. Any and all such presumed market “failures” are placed by Stiglitz under the umbrella term, “neoliberalism.” Neoliberalism has become one of the most elastic terms in the political paternalist lexicon. It amounts to whatever the paternalist dislikes or to any interventionist welfare-state policy that has turned out badly from his own point-of-view, but which cannot be admitted to have been caused by some aspect of his own policy agenda. Never having to say you are sorry for your own social engineering failures is central to this mindset. In a recent article at Project Syndicate, Stiglitz calls for "Shock Therapy for Neoliberals."(April 5, 2022). He insists that for the last several decades. America and indeed the world ...

We’re Only as Free as the Government Allows

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“Rights aren’t rights if someone can take them away. They’re privileges. That’s all we’ve ever had in this country, is a bill of temporary privileges. And if you read the news even badly, you know that every year the list gets shorter and shorter. Sooner or later, the people in this country are gonna realize the government … doesn’t care about you, or your children, or your rights, or your welfare or your safety… It’s interested in its own power. That’s the only thing. Keeping it and expanding it wherever possible.”— George Carlin We’re in a national state of denial. For years now, the government has been playing a cat-and-mouse game with the American people, letting us enjoy just enough freedom to think we are free but not enough to actually allow us to live as a free people. Case in point: on the same day that the U.S. Supreme Court appeared inclined to favor a high school football ...

Why Didn’t Trump Pardon Assange and Snowden?

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In his waning days as president, Donald Trump saw fit to pardon four former Blackwater guards who had been convicted of killing 14 Iraqi civilians and injuring 17 others in an ambush in Baghdad. The guards were in Iraq as part of the U.S. government’s deadly and destructive invasion, war of aggression, and long-term occupation of a country whose government had never attacked the United States.  Yet, before he left office, Trump could not bring himself to issue pardons for Julian Assange and Edward Snowden, who were far more deserving of them than those Blackwater killers. What’s up with that?  When Trump was running for president, he made pointed critiques against the U.S. national-security establishment, especially its policy of permanently embroiling the United States in foreign wars. In the process of doing that, Trump was immediately perceived to be a threat to the Pentagon, the vast military-industrial complex ...

Beware of the Government’s Push for a Digital Currency

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“The greatest tyrannies are always perpetrated in the name of the noblest causes.”—Thomas Paine The government wants your money. It will beg, steal or borrow if necessary, but it wants your money any way it can get it. The government’s schemes to swindle, cheat, scam, and generally defraud taxpayers of their hard-earned dollars have run the gamut from wasteful pork barrel legislation, ...

Corrupt Federal Statistics Cover Endless Cons

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Federal agencies don’t count what politicians don’t want to know. President Joe Biden and other Democrats perennially invoke “science and data” to sanctify all their COVID-19 mandates and policies. But the same shenanigans and willful omissions that have characterized COVID data have perennially permeated other federal programs. The rule of experts? During his update on his Winter COVID Campaign in December, ...