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The Media As Enablers of Government Lies

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Why do politicians so easily get away with telling lies? In large part, because the news media are more interested in bonding with politicians than in exposing them. Americans are encouraged to believe that the media will serve as a check and a balance on the government. Instead, the press too often volunteer as unpaid pimps, helping politicians deceive the public. In 1936, New York Times White House correspondent Turner Catledge said that President Roosevelts first instinct was always to lie. But the Washington press corps covered up Roosevelts dishonesty almost as thoroughly as they hid his use of a wheelchair in daily life. President Bill Clinton benefited from a press corps that often treated his falsehoods as nonevents or even petty ...

The Bogus Anti-Terrorist Crackdown on Financial Freedom

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In the post9/11 era, federal officials are treating cash as they would a suspected weapon of mass destruction. They have created legions of new restrictions and reporting requirements for citizens money. But the new controls have done nothing to make Washington any more competent at protecting Americans from real threats. Federal experts estimated that Mohamed Atta and the other 18 hijackers required only about half a million dollars in total financing to carry out their attacks on September 11, 2001. That is a tiny fraction of the trillions of dollars worth of currency transactions that occur daily around the world. Terrorism expert Brian Jenkins observed, Terrorism tends to be a low-budget item. The real resources are fervent young men who are willing to blow themselves to bits. But the feds seized upon the attacks to greatly expand intrusions into Americans financial affairs. The terrorist attacks instantly endowed George W. Bush with the right to micro-manage world financial institutions or so ...

Keynes and the Assault on Savings, Part 1

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Part 1 | Part 2 In the long, run we are all dead. John Maynard Keynes, A Tract on Monetary Reform There are men regarded today as brilliant economists, who deprecate saving and recommend squandering on a national scale as the way of economic salvation; and when anyone points to what the consequences of these policies will be in the long run, they reply flippantly, as might the prodigal son of a warning father: In the long run, we are all dead.... Henry Hazlitt, Economics in One Lesson Americans finally must heave the Keynesian myth that savings hurts the economy and that too much savings contributes to slumps. These myths threaten ...