Feds Arrest the Liberty Dollar Competition
The actual charge the feds care about is at the end, that the Liberty Dollar is "intended for use as current money," in direct competition with the state. Should someone be allowed to mint whatever he wants, charge whatever he wants, and try to pass it as money? Of course, so long as no fraud is involved (fraud being a government monopoly). So it is an outrage that these four people have been arrested for non-crimes, and will be tried in a federal kangaroo court, where they will not be allowed to mention the Constitution or many other things, and perhaps be put in cages for years when they are pronounced "guilty."
By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. By this method, they not only confiscate, but they confiscate arbitrarily; and, while the process impoverishes many, it actually enriches some. The sight of this arbitrary rearrangement of riches strikes not only at security, but at confidence in the equity of the existing distribution of wealth. Those to whom the system brings windfalls . . . become 'profiteers', who are the object of the hatred of the bourgeoisie, whom the inflationism has impoverished not less than the proletariat. As the inflation proceeds . . . all permanent relations between debtors and creditors, which form the ultimate foundation of capitalism, become so utterly disordered as to be almost meaningless.
The plant manager received word yesterday that Frank had successfully lobbied GM chief executive Fritz Henderson to delay the closing, according to Ridenour.
Frank said he met with Henderson on Wednesday to urge him to reevaluate the center's value to GM. He said he also stressed the loss of jobs would hurt already struggling Massachusetts families.
Frank, whose district includes Norton, said he told Henderson, "Look, I understand that these things have to happen but they don't have to happen in the midst of the worst recession in years."
As US tax rates drop, government's reach grows
Study: 1 in 2 Americans now receives income from government programs.
Slightly over half of all Americans – 52.6 percent – now receive significant income from government programs, according to an analysis by Gary Shilling, an economist in Springfield, N.J. That's up from 49.4 percent in 2000 and far above the 28.3 percent of Americans in 1950. If the trend continues, the percentage could rise within ten years to pass 55 percent, where it stood in 1980 on the eve of President's Reagan's move to scale back the size of government.
The Drug War Chronicle is reporting that members and candidates of the Social Democratic Party (SDP) are being subject to violent attacks. The SDP Party Chairman Jose Carlos Diaz Cuervo believes this is happening because the party’s platform strongly calls for the legalization of drugs. He asserts that, "doubtless, unlike the federal government, it appears the drug traffickers do understand that the regulation of that market would take the business away from them and would be a more intelligent way to combat them."
School Reforms on the Brink
The empire strikes back in Milwaukee and NYC.
The education establishment and its political allies employ multiple methods to keep kids trapped in rotten schools. One tactic is to use control of school boards to prevent or limit the creation of charter schools. Another is to smother existing voucher programs with rules and red tape. Real world examples are currently playing out in Milwaukee and New York City.
The Milwaukee Parental Choice Program provides vouchers for some 20,000 low-income, mostly minority children to attend private schools. Because the 20-year-old program polls above 60% with voters, and even higher among minorities, killing it outright would be unpopular. Instead, Democratic Governor Jim Doyle wants to reduce funding and pass "reforms" designed to regulate the program to death. The goal is to discourage private schools from enrolling voucher students and thus force kids to return to unionized public schools.
To that end, Democrats in the state legislature voted last week to cut per-pupil payments to private schools by $165 while increasing public school spending by $400 per student. Taxpayer support for students in the program is only $6,607 per student to begin with, which is less that half of the $13,468 for students in Milwaukee public schools.
The irony is that satisfaction and enrollment at Milwaukee public schools has steadily declined despite these very policies that choice opponents want to impose on successful private schools. A recent evaluation of the Milwaukee choice program found that its high school graduation rate was 85%, compared to 58% for students in the city's public schools. Between 1994 and 2008, the voucher program saved taxpayers more than $180 million. Yet opponents insist these schools need additional regulations to make them more like the public schools that cost more and produce inferior results.
