Have nothing to do with the [evil] things that people do, things that belong to the darkness. Instead, bring them out to the light... [For] when all things are brought out into the light, then their true nature is clearly revealed...

-Ephesians 5:11-13

Tag Archives: Monopoly

Competing Currencies Would Expand Freedom, Limit Government

Dollar

Image by Images_of_Money via Flickr

One of the expert witnesses testifying before Ron Paul’s Domestic Monetary Policy and Technology Subcommittee on Tuesday was Dr. Lawrence H. White, professor of Economics at George Mason University. His testimony reinforced the case for Paul’s bill, HR 1098, the “Free Competition in Currency Act of 2011” by outlining its benefits in introducing freedom of choice into the realm of currencies.

White compared competition in currencies to competition in package delivery services among Federal Express, United Parcel Service, and the U.S. Postal Service. That competition has lowered

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The Postmaster General’s Challenges

USPS_

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In his report to a Senate subcommittee Postmaster General Patrick Donahoe spelled out clearly why the U.S. Postal Service can’t make any money: too many cooks in the kitchen. Hamstrung and limited by rules and “stakeholders” with differing and often competing agendas, what’s remarkable is that the postal service isn’t deeper in the hole.

Heaven knows, he’s trying. Through agreements finally reached with the letter carrier unions, he has been able, over the past two years, to eliminate 12,000 carrier routes and to consolidate others, saving

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County in Alabama is Bankrupt, Just Like the U.S.

Bribe

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At the very last minute, county commissioners in Jefferson County, home to the metropolis of Birmingham, Alabama, decided to postpone a final decision on whether or not to declare bankruptcy over their excessive indebtedness. The bonded indebtedness incurred to build a state-of-the-art sewage treatment plant exceeds $3 billion, far beyond what the county can afford to service. And raising sewer fees for a fourth time in ten years

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FTC Probes Google in Fishing Expedition

Google 的貼牌冰箱(Google refrigerator)

Image by Aray Chen via Flickr

Google announced on its blog on June 24th that the Federal Trade Commission had launched “a review of our business. We respect the FTC’s process and will be working with them over the coming months to answer questions about Google and our services. ” But Google doesn’t know what the FTC is looking for:

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Austerity Measures: Greek Entitlement Mentality Faces Reality

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The austerity measures being debated in the Greek parliament are being met with resistance not only by the opposition party but by those most directly affected: Greek workers. At least 20,000 people have begun a 48-hour general strike, bringing to a halt most airlines and public transportation. Even workers at the state-owned monopoly, Public Power Corp. SA, are forcing power outages around the country.

Prime Minister George Papandreou has just barely survived a

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Speculators and High Oil Prices Explained

Super Contrails as the 767 flies through cloud...

Super Contrails as the 767 flies through cloud… (Photo credit: AvgeekJoe)

Last Thursday, speaking in Reno, Nevada, President Obama announced that the Department of Justice was going to examine the role of “traders and speculators in the gasoline and oil markets,” and how they contribute to high gas prices.

The Attorney General [is] putting together a team whose job it is to root out any cases of fraud or manipulation in the oil markets that might affect gas prices, and that includes the role of traders and speculators. We are going to make sure that no one is taking advantage of American consumers for their own short-term gain.

What do speculators do? Here is a cogent explanation by Victor Niederhoffer, a well-known speculator and author of The Education of a Speculator:

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Shutting Down Fannie and Freddie: Locking the Barn Door

House key

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It appears that there is at least one thing the Obama administration and the GOP can agree on, and that is that Fannie Mae and Freddie Mac have got to go.

Given the immense role these two government-sponsored enterprises (GSEs) had in the Great Meltdown, they remain an embarrassment for every politician even remotely related to them. As noted cryptically in his latest book, Rollback, Professor Thomas Woods said,

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Cutting Government: Where to Start

A small United States Postal Service truck see...

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Once Obamacare is repealed by the House, the attention of the 112th Congress will turn to the question of where government spending can be cut for the largest immediate impact. Several observers have weighed in with their thoughts, including Dick Armey and Matt Kibbe of FreedomWorks, who have an article in today’s online Wall Street Journal. After reviewing the fiscal hot water the republic is already in, and discussing attempts to re-set government spending back to “base lines” such as 2009, 2008, or 2007, the authors get down to business.

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Bank Failures: 127 Down, 800 to Go

FDIC placard from when the deposit insurance l...

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When Zacks Equity Research announced on Monday the failure of two more banks in the current recession, the silence was deafening. The report blamed the usual suspects: “tumbling home prices, soaring loan defaults, and a high unemployment rate continue to take their toll on such institutions.”

But buried in the report was the much more ominous forecast of the “increasing … possibility of more bank failures.” Zacks said that any bank which makes the FDIC’s problem bank list is essentially doomed. “As of now, only 13 percent of banks on [that list] have actually failed.” The number on that list? 829, up from 775 in the last quarter.

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Fed’s Bernanke Running Out of Options

WASHINGTON, DC - MARCH 02:  U.S. Federal Reser...

Image by Getty Images via @daylife

When Fed Chairman Ben Bernanke speaks on Friday at the Fed’s annual meeting in Jackson Hole, Wyoming, Fed-watchers from around the world will be hanging on his every word, phrase, and nuance for clues. They’ll be listening to hear that the chairman knows what’s happening in the economy, and that if things get worse, he has a plan.

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The Breakup of Ma Bell

Southwestern Bell logo, 1939–1964

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Ten years into the 20th century, the United States citizenry were still enjoying the afterglow of a remarkable generation of economic growth, innovation, and expansion.

Popular interests consisted of going to the movies, doing the Tango, and reading the Saturday Evening Post. A hands-off President, William Howard Taft, was in the White House, and people were enjoying clever inventions such as traffic lights, the refrigerator, and the telephone.

Alexander Graham Bell patented the telephone on March 7, 1876, but initially it was considered no more than a passing novelty. In fact, Western Union passed up the opportunity to purchase the Bell patents for $100,000.

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U.S. Postal Service: Time to Free the Mail

WASHINGTON - AUGUST 06:  Postmaster General Jo...

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When U.S. Postmaster General John Potter recommended eliminating Saturday delivery service in order to save money, he was merely responding to the postal service’s continuing inability to make money, or even cover its costs, delivering the mail. In a microcosm, the postal service’s difficulty is reflective of the government’s attempt to operate anywhere outside the constraints of the Constitution.

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Weak Dollar Obama’s Fault?

Various Federal Reserve Notes, c.1995. Only th...

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According to Newsweek, the dollar isn’t weakening, and even if it is, it isn’t Obama’s fault. On Tuesday, Daniel Gross iterated all the reasons that, according to conservatives, the American dollar should weaken. Conservatives, he said, blame the actions of the Federal Reserve with the lowering of interest rates to zero, printing money, and expanding the monetary base. They also blame the Obama administration for running up huge deficits in its efforts to restart the faltering economy.

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Many of the articles on Light from the Right first appeared on either The New American or the McAlvany Intelligence Advisor.

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