Monthly Archives: March 2013

Can police collect DNA when someone is arrested? Supreme Court to decide.

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“The US Supreme Court heard argument Tuesday in a case testing whether government officials can routinely collect a person’s DNA at the time he or she is arrested and then use that DNA sample to try to link the individual to unsolved crimes.  At issue in the case is whether taking a DNA sample from an arrestee without first obtaining a court-authorized warrant is an unreasonable search under the Fourth Amendment.  DNA material contains a plethora of highly personal information bound within a person’s genetic code.  DNA might someday reveal information about an individual’s susceptibility to future diseases and perhaps even personality traits.”

http://www.csmonitor.com/USA/Justice/2013/0226/Can-police-collect-DNA-when-someone-is-arrested-Supreme-Court-to-decide

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Supreme Court: Rights groups cannot prove harm from warrantless wiretapping

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“The U.S. Supreme Court ruled Tuesday that human rights groups do not have standing to sue the government over its warrantless wiretapping program because they have no proof that the wiretapping has harmed them. The vote was split 5-4 along partisan lines, with the conservative majority supporting the Obama administration’s argument that the FISA Amendments Act was above reproach in this case because the harms were ‘speculative,’ and not ‘actual.’  Roving, warrantless wiretaps were authorized by President George W. Bush after the attacks of Sept. 11, 2001, turning the National Security Agency into the nation’s spy machine.”

http://www.rawstory.com/rs/2013/02/26/supreme-court-rights-groups-cannot-prove-harm-from-warrantless-wiretapping/

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Bills to Require the Registration of the Buyers and Sellers of Gold and Silver Coins

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EPJ13

“First they came to register your guns, and now they want to register when you sell (and sometimes when you buy gold) gold. A bill has been introduced in Illinois, the most anti-gun state in the US, that will require the registration of the buyers and sellers of gold.  In Houston, a law has been passed in the city that requires any consumer selling gold to submit to fingerprints and mugshots.”

http://www.economicpolicyjournal.com/2013/02/bills-to-require-registration-of-buyers.html

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What Could Go Wrong with the Housing Recovery in 2013? Plenty.

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CHS9a1

“Given the preponderance of housing in bank assets, household wealth, and the perception of wealth, the key policies of Central Planning largely revolve around housing: keeping interest rates (and thus mortgage rates) low, flooding the banking sector with liquidity to ease lending, guaranteeing low-down-payment mortgages via FHA, and numerous other subsidies of homeownership. At least three aspects of this broad-based support are historically unprecedented.”

http://charleshughsmith.blogspot.com/2013/02/what-could-go-wrong-with-housing.html

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Former Fed Banker: Debunking the Myths About Central Banks

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“Pursuit of price stability is the one goal that nearly everyone agrees is a central bank responsibility. Yet it is the one on which the Fed and other central banks have failed miserably. Since the Fed’s founding in 1913, consumer prices have increased by a factor of 23 times. If the U.S. can extricate itself from fiscal deficits, price stability would be an attainable goal for central banks. Otherwise, central banking is nothing but mythology.”

http://online.wsj.com/article/SB10001424127887323468604578252443925155434.html

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“The Government is US?” Not Unless We’re Citigroup

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nodrop6

“The supposed ‘countervailing power’ of Big Government against Big Business turned out to be as genuine as the conflict between ‘good cop’ and ‘bad cop’ interrogators.  Historian Gabriel Kolko showed that the primary force behind the much-vaunted ‘progressive’ regulatory agenda at the turn of the 20th century was the regulated industries themselves.  Major portions of the New Deal regulatory/welfare state were backed, even drafted, by the most powerful factions of corporate capital.  Don’t fall for the line that state functionaries ‘work for us.’ Take a look at where they worked before they entered ‘public service’ and watch where they go back to afterward.”

http://c4ss.org/content/17425

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Larger Spending Cuts Would Help the Economy

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“The $825 billion stimulus program cost hundreds of thousands of dollars per job, even based on the administration’s own inflated job estimates. Cash for Clunkers cost $3 billion merely to shift car sales forward a few months. The PPIP to buy toxic assets from the banks to speed lending generated just 3% of the $1 trillion that the program planners anticipated.   And now? Mr. Obama proposes universal preschool ($25 billion per year), ‘Fix it First’ repairs to roads and bridges, plus an infrastructure bank ($50 billion), ‘Project Rebuild,’ refurbishing private properties in cities ($15 billion), endless green-energy subsidies, and a big hike in the minimum wage.”

http://online.wsj.com/article/SB10001424127887323549204578315752295424028.html

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America’s Great Depression Quote of the Week: A Visit with ‘Dr. Hoover’

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The-Circle-Bastiat-311

“The recovery in the early 1920s is an example of an economy rapidly recovering as government spending and taxes were cut. Another example is ‘The Austerity of 1946’, which despite Keynesian economists’ predictions of doom and gloom, was in fact was a period of rapid return to relative prosperity following the massive reduction in government spending which followed the end WW II.  Given how poorly the economy has fared following the ‘treatment’ proscribed by Dr. Bernanke and Dr. Obama isn’t it time to try a Dr. Rothbard’s natural cure?”

http://bastiat.mises.org/2013/03/americas-great-depression-quote-of-the-week-a-visit-with-dr-hoover/

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Gentlemen, Start Your Presses

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“Many have dubbed the last decade or so to be an era of easy money. As it turns out, that characterization may have been premature. Based on the new crop of central bankers who are primed to take control of the world’s financial system, the age of truly easy money may be just getting started.  Many expect that when Bernanke’s term expires in January 2014, he will be succeeded by the dovish Yellen. But that’s just the beginning. In short order, a host of serial money printers will take up the reins at the world’s most important central banks.”

http://www.europac.net/commentaries/gentlemen_start_your_presses

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Italian Elections: Europe’s Lost Generation Finds Its Voice

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“They are the latest example of an uprising of the lost generation, that mass of people on Europe’s periphery who are under the age of 40, desperate, unemployed and who have very little left to lose. The public outrage in Europe came to a boil in tent camps in Madrid’s Puerta del Sol. It inspired the Occupy Wall Street activists. And it continued in Greece, where youth unemployment has reached 59.4 percent, and where there are no jobs and no economic recovery.  In the eyes of many, the power of the politicians only serves their own interests.”

http://www.spiegel.de/international/europe/beppe-grillo-taps-into-frustrations-of-european-lost-generation-a-886715.html

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