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Save the Children… and the Prostitutes!

By me | October 27, 2010

We live in a time of big government.  There aren’t many countries left where government doesn’t play a huge role in people’s lives.  How and why this has come to pass is a topic far too great for this space but this growth of government and all the “institutions” that come with it such as central banking are the cause of most of our problems today.

The reason is quite simple: government creates nothing and can only destroy wealth.  Furthermore, almost every action taken by a coercive government, and all governments are coercive by definition, almost always ends up either having a) unexpected consequences (to the government, at least) or, more often, b) effecting the exact opposite result of that which they wish to achieve.

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Gotta Support the Troops?

By me | October 26, 2010

What in the world is the US government doing?  Seriously.

China’s government is literally doing business deals every day, purchasing assets and buying up stakes in Canadian oil sands, a Guinean iron ore mine, oil fields in Angola and Uganda, an Argentinian oil company, and a major Australian coal-bed methane gas company just to name a few.

Meanwhile, the US government announced a major international investment this week.  What was it?  The US announced it is going to build an $12 billion “super base” on the island of Guam.

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Biden Doesn’t Know What a Billion Dollars Is… and TSA Theater

By me | October 23, 2010

Happy Friday everyone,

In wrapping up this week I have two interesting commentaries.

Joe Biden Doesn’t Know What a Billion Dollars Is

In a video interview with Bloomberg that can be seen here,, US Vice President Smilin’ Joe Biden states the following, “I was amazed at the amount of money, this $200 billion of money that is, where there is no accountability… and so, the only caveat I want to make is how much impact this $200 billion dollars are gonna make.”

It’s sort-of hard to understand his rambles.  But he apparently was trying to state that the Republicans might win the House in November because they have $200 billion.

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