Since the creation of the Federal Reserve in 1913, the dollar has lost over 97 percent of its purchasing power, the US economy has been subjected to a series of painful Federal Reserve-created recessions and depressions, and government has grown to dangerous levels thanks to the Fed's policy of monetizing the debt. Yet the Federal Reserve still operates under a congressionally-created shroud of secrecy.
The politics of the crude exports issue are confused by a lot of irresponsible reporting. Almost every story on the issue asserts that allowing exports would be politically dangerous because it would supposedly raise prices at the pump, but the claim is never credibly sourced. In fact, every single serious study has found precisely the opposite: allowing crude exports would lower prices at the pump.
Elizabeth Warren continues to bedazzle people precisely because she's not running for president. If she were to actually run for president, her power to bedazzle would diminish in a flash. To quote the sage Bob Dylan, "What looks large from a distance, close up ain't never that big."
After the tragic shooting at a provocative magazine in Paris last week, I pointed out that given the foreign policy positions of France we must consider blowback as a factor. Those who do not understand blowback made the ridiculous claim that I was excusing the attack or even blaming the victims. Not at all, as I abhor the initiation of force. The police blaming victims when they search for the motive of a criminal.
Like blaming a rape victim for her "provocative dress," many press pundits blame the Charlie Hebdo cartoonists (and the Danish cartoonists before them) for crossing "red lines," and inviting trouble. In the past few days the small community of American editorial cartoonists have been getting calls from their local media, asking for comments about self-censorship and what subjects we should be forbidden to draw in a free society.
Usually over the period of 12 months, you get an equal balance of good days and bad. On the playground of the cosmos, the scales tend to balance out. But holey moley catfish, seems like last year the good days spent the bulk of recess time hiding behind the equipment shed next to the monkey bars, and the teeter totter hardly moved what with that fat punk-bad days, grounded on his end of the board throwing rocks at squirrels.