MCViewPoint

Opinion from a Libertarian ViewPoint

Doug Casey on How COVID Lockdowns Will Become Climate Lockdowns

Posted by M. C. on August 2, 2022

People who can’t see that the wars on poverty, drugs, and terror were really just stupid scams are totally on board with new scams, the wars on the virus and climate change. They’re the same people making the same phony do-gooder arguments. 

by Doug Casey

International Man: The COVID lockdowns established a terrible precedent.

The International Energy Agency (IEA) has issued what they call a “dire warning.” They say there will be a 5% increase in carbon emissions as global economies reopen after the COVID shutdowns and that it will be “anything but sustainable” for the environment. This implies that the shutdowns have been good for the environment and that returning to normal is bad.

There has also been a flood of articles in the mainstream media advocating for the use of lockdowns to address so-called climate change.

Do you think that the COVID lockdowns could become climate change lockdowns?

Doug Casey: Without exception, almost everything they say in these articles is either an overt and intentional lie or just factually incorrect. Things that are controversial at best are presented as incontrovertible facts.

Let me first reiterate a few facts about COVID.

It’s hard to be sure because everything about it has become highly politicized, but COVID itself seems no more serious than the Asian Flu, Hong Kong Flu, Bird Flu, or Swine Flu that have come and gone in recent decades and is not even remotely comparable to the Spanish Flu of 1918.

The numbers show that COVID is a risk for people over 70, the obese, and the sick—but a medical non-problem for everyone else. That’s why the average age of decedents is 80, even though it appears that everyone who dies with the virus in their system is reported as a statistic—even if they die of an auto accident or a heart attack. People with zero symptoms are, nonetheless, listed as “cases” if they fail the overly sensitive and very expensive PCR test.

We might ask: “What’s behind this insane flu hysteria—which is radically restructuring the world’s political and economic landscapes? And why now?” It seems very oddly coincidental with a few other phenomena.

One is that the world is on the cusp of a fantastically devastating depression due to the insane creation of currency units all over the world by central banks. Is the phony COVID hysteria—and, yes, I believe it’s 80% phony—being used as an excuse for the coming collapse, a way to recuse those responsible for the insane economic policies causing the depression? In other words, is the COVID hysteria an artificially constructed force majeure used to distract from the real cause of the Greater Depression?

See the rest here

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How British Efforts to Enforce Equality Have Led to a Woke Totalitarianism

Posted by M. C. on August 2, 2022

These roles have caused inefficiencies within each industry, taking money and resources away from what needs to be done in order to pour it down the endless drain of bureaucracy. Instead of prioritising efforts to what serves the customer the best, organizations and companies are forced to prioritised what is politically correct.

https://mises.org/wire/how-british-efforts-enforce-equality-have-led-woke-totalitarianism

Jess Gill

From the Equal Pay Act 1970 to the Equality Act 2010, there has been a wave of legalization in Britain to turn the state into some omniscient being that can determine the intentions of an employer. While these pieces of legislation did not enforce direct quotas onto businesses, they have increased inefficiencies through the increase in human resources roles for companies and organizations to cover their own backs.

These pieces of anti-discrimination legislation assumes that the state can determine the intentions of an employer. There are many reasons why an employer may not hire somebody or give an employee higher pay. However, the government cannot possibly know their reasoning. This leads to employers overcompensating in order to escape the government punishing them for employing whoever they wish.

Lew Rockwell encapsulates this perfectly:

Imagine that the government appoints a party planner who says that you can invite or not invite whoever you want, provided that one consideration is not part of the mix: you must not decline to invite someone on the grounds of hair color. Now, it may never have occurred to you to think along these lines. But now you have to. You notice that you have no redheads attending the party, much to your alarm.

What if this fact is taken as evidence that you are discriminating? Will it? You can’t know for sure. You think again: even if no redheads are coming, this is surely not the reason why you are not inviting them. There are other factors, too many factors to name. In any case, how can the state’s party planner know what your motivations are? Isn’t it astounding that a government agency would presume to read your mind, know your heart, and discern your innermost emotions and motives?

Truly this is totalitarian.

Over the past decades, those who believe that equality of outcome must be due to discrimination has come to the mainstream. Modern day feminists demand the abolition of the gender pay gap as if it is due to sexism. The Black Lives Matter movement has led to critical race theory becoming mainstream, an ideology which believes that any race inequality must be due to racism. These demands are an attack on private property and free enterprise.

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Inflation Reduction Act: Another DC Lie

Posted by M. C. on August 2, 2022

The bill also spends 80 billion dollars on the IRS. Supposedly this will help collect more revenue from “rich tax cheats.” While supporters of increasing the IRS’s ability to harass taxpayers claim their target is the rich, these new powers will actually be used against middle-class taxpayers and small businesses that cannot afford legions of tax accountants and attorneys and thus are likely to simply pay the agency whatever it demands.

written by ron paul

http://ronpaulinstitute.org/archives/featured-articles/2022/august/01/inflation-reduction-act-another-dc-lie/

The Affordable Care Act, No Child Left Behind, and the USA PATRIOT Act received new competition for the title of Most Inappropriately Named Bill when Senate Democrats unveiled the Inflation Reduction Act. This bill will not only increase inflation, it will also increase government spending and taxes.

Inflation is the act of money creation by the Federal Reserve. High prices are one adverse effect of inflation, along with bubbles and the bursting of bubbles. One reason the Federal Reserve increases the money supply is to keep interest rates low, thus enabling the federal government to run large deficits without incurring unmanageable interest payments.

The so-called Inflation Reduction Act increases government spending. For example, the bill authorizes spending hundreds of billions of dollars on energy and fighting climate change. Much of this is subsidies for renewable energy — in other words green corporate welfare. Government programs subsidizing certain industries take resources out of the hands of investors and entrepreneurs, who allocate resources in accordance with the wants and needs of consumers, and give the resources to the government, where resources are allocated according to the agendas of politicians and bureaucrats. When government takes resources out of the market, it also disrupts the price system through which entrepreneurs, investors, workers, and consumers discover the true value of goods and services. Thus, “green energy” programs will lead to increased cronyism and waste.

The bill also extends the “temporary” increase in Obamacare subsidies passed as part of covid relief. This will further increase health care prices. Increasing prices is a strange way to eliminate price inflation. The only way to decrease health care costs without diminishing health care quality is by putting patients back in charge of the health care dollar.

The bill’s authors claim the legislation fights inflation by reducing the deficit via tax increases on the rich and a new 15 percent minimum corporate tax. Tax increases won’t reduce the deficit if, as is going to be the case, Congress continues increasing spending. Increasing taxes on “the rich” and corporations also reduces investments, slowing the economy and thus increasing demand for government programs. This leads to increasing government spending and debt. While there is never a good time to raise taxes, the absolute worst time for tax increases is when, as is the case today, the economy is both suffering from price inflation and, despite the gaslighting coming from the Biden administration and its apologists, is in a recession.

The bill also spends 80 billion dollars on the IRS. Supposedly this will help collect more revenue from “rich tax cheats.” While supporters of increasing the IRS’s ability to harass taxpayers claim their target is the rich, these new powers will actually be used against middle-class taxpayers and small businesses that cannot afford legions of tax accountants and attorneys and thus are likely to simply pay the agency whatever it demands.

Increasing spending and taxes will increase the pressure on the Federal Reserve to keep interest rates low, thus increasing inflation. If Congress was serious about ending inflation, it would cut spending — starting with overseas militarism and corporate welfare. A Congress that took inflation seriously would also take the first step toward restoring a free-market monetary system by passing Audit the Fed and legalizing competition in currency.


Copyright © 2022 by RonPaul Institute. Permission to reprint in whole or in part is gladly granted, provided full credit and a live link are given.
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Watch “McAdams: The U.S. Should Abandon “Foreign Policy” Altogether” on YouTube

Posted by M. C. on August 1, 2022

RPI’s Daniel McAdams tells students at the 2022 Mises University that foreign policy is central planning at its worst. Government spends billions on corrupt foreign leaders like Zelensky and Americans bear the financial burden and the existential risk.

https://youtu.be/WaNGMA5JKYQ

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Will PS Audio abandon traditional power supplies?

Posted by M. C. on July 31, 2022

Another MCViewPoint Public Service Announcement.

SMPS or Switch Mode Power Supplies are all the rage today. Is PS Audio joining the crowd?

Switch mode power supplies are popular because they are small and cheap to make. It all fits on a chip. Most wall warts are SMPS. Schiit Audio advertises their wall wart is a linear PS which is the traditional design. If your AC is crap (flickering lights, line noise), linear is the way to go but aftermarket units (SBooster, Shanti, Swagmanlab) tend to be pricey. I have replaced a couple wall warts with IFI Ipower wall warts which claims to use noise cancellation technology with no mention of being linear. My AC mains is decent so I can make no claims of obvious benefit. I figure all the little stuff adds up, especially with headphones. Furman power supply and ferrite cores on the AC plug wires. Cheap.

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Talking About Stoicism 185 Migraine and Stoicism

Posted by M. C. on July 30, 2022

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Democrats Quickly Redefine ‘Loss’ After Losing Congressional Baseball Game

Posted by M. C. on July 30, 2022

https://babylonbee.com/news/congressional-democrats-quickly-redefine-meaning-of-loss-after-losing-baseball-game-to-republicans-10-0

Jul 29, 2022 – BabylonBee.com

Article Image

SPORTS

WASHINGTON, D.C. — Democrats quickly issued a redefinition of the word “loss” after getting stomped in the congressional baseball game by the Republicans, who shut out the Democrats 10-0.

Nancy Pelosi held a press conference announcing that a “loss” is now defined as losing a baseball game by at least 20 runs, saying that sports experts have long disagreed on the exact definition of a loss.

“Yes, some sports commentators have defined ‘loss’ as any game in which you have fewer runs than the opposing team,” acknowledged Pelosi. “But there has never been an officially accepted definition. And many experts are saying this was not actually a loss.”

Pelosi went on to say that some experts say a loss is actually three or more consecutive losses, while other say a loss is defined only by what’s in your heart, and that everyone is truly a winner.

“Good morning,” she added suddenly. “Sunday… m-m-morn… morning?”

At publishing time, Democrats had called for abolishing the congressional baseball game altogether after their tough non-loss loss.

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Dutch Farmer Speaks

Posted by M. C. on July 30, 2022

Michael Yon, esteemed author and combat correspondent, reached out to Jeroen van Maanen, a Dutch dairy farmer and protest leader for 2.5 years, to provide a first-hand account of the Dutch farmer uprising that the mainstream media has not represented very well.

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The Fed Is Making It Up as It Goes, So It Ditched Forward Guidance

Posted by M. C. on July 30, 2022

https://mises.org/wire/fed-making-it-it-goes-so-it-ditched-forward-guidance

The fact the Fed has no idea how things will go is emphasized by Powell’s admission that the Fed isn’t planning to offer any more forward guidance this year, which frees it up to make more last-minute decisions and to more aggressively make things up as it goes. Specifically, Powell said that moving forward “we think it’s time to just go to a meeting by meeting basis, and not provide the kind of clear guidance that we did on the way to neutral.”

Translation: “Things might go even more off the rails at any time, so let’s just play it by ear.”

Ryan McMaken

The Federal Reserve’s Federal Open Market Committee announced Wednesday it is raising its key policy rate—the federal funds rate—by 75 basis points to 2.5 percent. According to the FOMC’s press release, the committee recognizes that economic activity is declining but that Consumer Price Index (CPI) inflation also “remains elevated”:

Recent indicators of spending and production have softened. Nonetheless, job gains have been robust in recent months, and the unemployment rate has remained low. Inflation remains elevated, reflecting supply and demand imbalances related to the pandemic, higher food and energy prices, and broader price pressures.

The committee goes on to state that with these conditions in mind, it will raise the target rate in order to “achieve … [CPI] inflation at the rate of 2 percent over the longer run.” Moreover, the committee states it “will continue reducing its holdings of Treasury securities and agency debt and agency mortgage-backed securities.”

There were not many surprises here. Most Fed watchers were predicting a 75 basis point increase, and that’s what the Fed delivered.

This then leaves us with the question of what now. The Fed doesn’t know, and the weakness of the present economy will keep the Fed very cautious moving forward.

As is clear from Powell’s press conference Wednesday, following the release of the FOMC statement, the Fed is still holding out hope for a “soft landing” in which it can significantly reduce inflation without sizably reducing employment or causing a greatly weakened economy.

How the economy will react to the Fed’s changes remains a complete mystery to the Fed, however, as has long been clear. It only took six weeks, after all, for the Fed to go from a stance of “economic activity appears to have picked up” (at the June meeting) to noting how “recent indicators of spending and production have softened” (in its July report).

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Too Secret? The Secret Service’s Long, Troubling History of Omerta

Posted by M. C. on July 30, 2022

Before the text messages’ convenient disappearance, the agency also trashed records related to the JFK assassination.

 But we must ask ourselves: Do we have the right people — with the right skills and temperament — to perform these vital tasks

By Russ Baker
Going Deep

The conduct of the Secret Service during the January 6 Capitol attack was highly confusing, but the ongoing kerfuffle over its erratic behavior elides one consistent fact: Our modern-day Praetorian Guard has long been a problematic institution.

As I wrote last week, although the Secret Service’s actions around the JFK assassination were most egregiously suspect, the history of our elected officials’ bodyguards is riddled with scandal and incompetence. Despite this, the agency itself — with its more than $2 billion annual budget — has never been seriously investigated or called out for its failings. And it’s naive to believe that the ongoing and widening text message scandal will change this sad status quo.

In apparent violation of agency policy, as many as 10 agents on the security details of Donald Trump and Mike Pence may have sent text messages on or before the Capitol riots on January 5 and 6, 2021, only to either delete them or to have the agency conveniently “lose” them when they were requested by Congress. Only one message was turned over to the January 6 committee.

Joseph Cuffari, the Trump-appointed inspector general of the Department of Homeland Security, has opened a criminal investigation, but since Cuffari may have known about the vanishing texts months before he told Congress, several top Congressional Democrats are asking him to recuse himself. Meanwhile, top agents and security officials — including Anthony Ornato, who was a top aide in the Trump White House while still carrying a Secret Service badge — have lawyered up. (Ornato is still assistant director of training at the agency, “responsible for the oversight, administration, policies, and forecasting of required training and professional development for all Secret Service personnel.”)

This is all highly suspicious, so much so that there are calls for the Biden administration to appoint an outsider to clean house. “You cannot fix this agency from within,” said CNN analyst Juliette Kayyem, an Obama-era DHS official. Even The Washington Post smells a rat. “Maybe the secret service is incompetent,” the Washington establishment’s paper of record wrote July 23, “or maybe there’s something fouler afoot.”

The text messages matter because they could reveal crucial insider details about Donald Trump’s intentions and state of mind on January 6. They could be vital to a criminal indictment and prosecution of the former president — so one easy explanation for the missing messages is that the Secret Service, which has always played favorites with the presidents it’s supposed to protect, is covering for Trump.

That’s consistent with the school of thought that the Secret Service is riddled with Trump acolytes, but the full picture is more complicated. Vice President Mike Pence’s detail, for example, apparently feared for their lives or at least their safety on January 6. Pence appears to have feared for his.

And yet, if members of the Secret Service are covering for Trump or participated in an aborted coup, how do you square that with the bizarre, disturbing, and inconsistent image of Trump trying to wrest control of the presidential limousine when his security detail told him he would not be joining the mob outside (and inside) the Capitol? (And how do we square that with the fact that Ornato himself, via Cassidy Hutchinson, was the source for that anecdote? If Ornato was part of some plot to keep Trump in power, did he have second thoughts — and if so, why?)

In an ideal situation, high-level security jobs require rigor, competency, and fearlessness. The possibility has occurred to me that one reason Trump’s protectors may have destroyed those messages is what they might have revealed about their own inadequacy for the task at hand. As well as their candid thoughts about what was happening, including Trump’s role in the chaos.

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