Showing posts with label Mises Institute. Show all posts
Showing posts with label Mises Institute. Show all posts

Wednesday, 15 June 2016

The FBI and NSA Won't Keep Us Safe | Mises Wire

The FBI and NSA Won't Keep Us Safe


The NSA was too busy spying on your family to stop the Orlando gunman. But why aren't night clubs keeping tabs on people who walk in with rifles? 
According to various sources, the gunman in Orlando's Saturday massacre, Omar Mateen, was being investigated by the FBI. (See Judge Napolitano's interview for more, here.) But, as was the case before 9/11, the FBI keeps such a long list of so many many people, that the list tells them nothing about who is a real threat. Meanwhile, we have been told countless times that the NSA should be able to spy on anyone it wishes in order to "keep us safe." Given that Mateen was already on an FBI threat list, was the NSA eavesdropping on Mateen? If not, why not? Was the NSA too busy spying on dirt-poor backwoods members of "militias" to bother keeping track on Mateen, who, by many accounts, was a man who spoke often of his sympathy for terrorists? It's becoming increasingly evident the NSA simply collects so much information on so many people and casts far too wide of a net. What the NSA does is great for blackmailing powerful people. It's less useful in actually catching terrorists. 
We have also learned that Mateen worked for a taxpayer-funded "private" security agency that is under contract with numerous government agencies around the world including the CIA. The company often provides security for Federal buildings, and presumably has access to numerous federal installations. His co-workers believed he was unhinged
Basically, it sounds just like another "success" story we've come to expect from the FBI and the US federal government in general. The Feds maintain huge lists of "suspects" but have no way of separating out the real threats from the people who just say things. The Feds insist they should be able to spy on everyone, but ignore crucial information. The Feds pay private security firms that hire people like Mateen. 

Friday, 20 May 2016

The Moral Incoherence of Drug Prohibition | Mises Wire

The Moral Incoherence of Drug Prohibition


The state of Rhode Island is considering the legalization of recreational marijuana, and some opponents of legalization have jumped in to demand the status quo continues. 
The Washington Post reported on Tuesday for example, that Catholic Bishop Thomas Tobin has come out forcefully against the legalization of marijuana claiming that marijuana turns people into "zombie-like individuals." 
Tobin's implied support for breaking up families and jailing fathers, wives, mothers, and husbands — for the "crime" of using a plant that Tobin dislikes — is illustrative. Tobin's positions provide us with a helpful and high-profile example of the flaws in attempts to make moral arguments claiming that non-violent activities should be regulated and punished by states. 

Saturday, 2 April 2016

"The Coming War Will Solve Our Unemployment & Growth Problem" | Zero Hedge

"The Coming War Will Solve Our Unemployment & Growth Problem"


On the eve of World War II, Keynes delivered the following chilling address on the BBC, talking about the "grand experiment" of curing unemployment through war expenditure:
Two years later to the day, in a lecture delivered shortly after his arrival in the U.S., Mises described what the great experiment really looked like:
We are witnesses to the most frightful and phenomenal occurrence in human history: the decay of Western civilization.

London, one of the centers of this civilization... is almost completely destroyed. The buildings of the Parliament of Westminster are in ruins; the House of Commons holds its assemblies in the catacombs. [...] 

The theater of war is spreading, and the day seems not distant when peace will have lost its last refuge. It is a moral and material collapse without precedent.
A similar situation had occurred in the US in the 1930’s.

What solved the question? War! Because World War II had occurred during the 1940’s and that became the solution for the United States. So, let’s look at the entrepreneurs in Japan. They are stuck with the deflationary mindset.

They have to switch their mindset and should start making capital investments. We are looking for the trigger.