Submitted by Alasdair Macloed via GoldMoney.com,
There is a growing fear in financial and monetary circles that there is something deeply wrong with the global economy. Publicly, officials and practitioners alike have become confused by policy failures, and privately, occasionally even downright pessimistic, at a loss to see a statist solution. It is hardly exaggerating to say there is a growing feeling of impending doom.
Submitted by Mike Krieger via Liberty Blitzkrieg blog,
When a reporter for the United States Army Training and Doctrine Command interviewed Frank Zappa for the commands news syndicate, the story was held by a superior who demanded that Zappa – who had been rather hard on the army – answer one more question: just who does he think will defend the country without the army?
It turns out that thieves are smarter than politicians give them credit for, and thanks to Proposition 47 that passed in late 2014, this is something California is learning the hard way.
Proposition 47 downgraded drug possession and some theft crimes to misdemeanors in order to reduce prison and jail populations, and on that score, the referendum was successful.
However, as with most other targeted laws, Proposition 47 had other unintended consequences that were not considered.
Submitted by IceCap Asset Management: April 2016 Letter to Investors
Revenge of the Risotto
Submitted by David P. Goldman via PJMedia.com,
A fit of high dudgeon has gripped many of my Republican friends, ex-friends, and soon-to-be-ex-friends now that Donald Trump has all but won the Republican nomination. My advice to them: get over it. This presidential race will look like Alien vs. Predator. I'm for Predator, without a second's hesitation, because he's our Predator. For all his faults Donald Trump would be (and I'm confident will be) an incomparably better president.