KA-POW! #23 - LeFevre

This week's “Kick-Ass Post O’th’ Week” (KA-POW) goes to Robert LeFevre for “Self-Ownership” :

If one contemplates the situation, it will be seen that the slave relationship is wholly improper for it presumes to transfer the control of one living man into the hands of a second living man. The condition is contrary to nature and can only be maintained if both play their specific assigned roles. The slave must act as though he did not control himself, as though, indeed, the slave-master did control him. The slave-master must act as though he really could and did control the slave. But the slave always controls himself, even though he may do so in harmony with his owner's wishes.

“Cera”

~Pratt~

"Where the hell are we?" Pratt demanded...

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KA-POW! #22 - Schiff

This week's “Kick-Ass Post O’th’ Week” (KA-POW) goes to Peter Schiff for “Don’t Bet on a Recovery” :

Beyond the question of “how” the spending could be achieved, is the deeper question of “why” such activity should be sought at all. Excessive spending, fueled by an insane housing bubble and catalyzed by reckless monetary and fiscal policy, was the reason that our current recession became unavoidable. Why would we want to go down that road again?

“Buick Skymaster”

ULTIMATE FREEDOM Can Be YOURS!...

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Calculator Rage

My first calculator was a TI-55-II...

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Beware of the Dog!

I was recently rummaging among some recordings...

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KA-POW! #21 - Bonner

This week's “Kick-Ass Post O’th’ Week” (KA-POW) goes to Bill Bonner for “A Propensity to Screw Up” :

Price movements are neither good nor bad; it depends on the cause of them. In a properly functioning economy, prices go up and down. Rising prices suggest scarcity, signaling to consumers that they should switch to substitutes. And they tell producers to get on the ball and stock the shelves with new supply. Falling prices send the opposite message…trimming profit margins and telling producers to cut back.

Here at The Daily Reckoning, when we go into a liquor store and find lower prices, we are delighted. We stock up. But we are clearly out of step with mainstream economists.

KA-POW! #20 - Bonner

This week's “Kick-Ass Post O’th’ Week” (KA-POW) goes to Bill Bonner for “The Expanding Industry of US Government” :

Have you wondered why the costs of running for public office have soared? That’s obvious too – because the stakes are higher. As the federal budget grows so does the pork that each member of congress can pull out of the barrel.

The number of congressmen is more or less constant (though it grows with population…after a 10-year lag for the census). But the amount of money given out increases…making each congressional seat more lucrative. You can do the math yourself, but the point is – crime pays. At least, for a while…

The trouble with crime is that it only makes the criminals rich. Everyone else gets poorer.

“The Most Blessed Person in the World”

“Good – a-choo – morning, Father, thank you for seeing me...

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