Quote of the week
“I cannot undertake to lay my finger on that article of the Constitution which granted a right to Congress of expending, on objects of benevolence, the money of their constituents.” – James Madison
“[America is] no longer the land of the free and the home of the brave. It’s become a land of obedient subjects who allow the government’s bread and circuses to distract them from the fact that they have been cowed.” – Doug Casey
by Walter E. Williams
“Say a person, let’s call him Harry, suffers from diabetes and he has no means to pay a laboratory for blood work, a doctor for treatment and a pharmacy for medication. Does Harry have a right to XYZ lab’s and Dr. Jones’ services and a prescription from a pharmacist? And, if those services are not provided without charge, should Harry be able to call for criminal sanctions against those persons for violating his rights to health care?” more…
by Jim Babka
“Sadly, nearly everything discussed in the national debate is Statist. Consider the current so-called healthcare bill. It’s jam-packed with threats of violence . . .
- “You must have health insurance of a kind dictated by politicians
- “If you don’t buy health insurance then you’ll be fined — your hard earned property will be stolen from you
- “If you try to avoid the fine, then minions of the State will find some way to take the money from you
- “If you try to hide your money so that it can’t be seized, eventually men with guns will show up at your door to kidnap you, and hold you in confinement
- “If you try to resist this kidnapping then the men will draw their guns, and if you continue to resist they will shoot you
“This is the grim truth about the healthcare bill, and about nearly everything our government now does. Statism equals violence.
“And yet, many people are blind to this reality. They cannot see the gun that’s implicit in what they advocate. And because they can’t see the gun, they can’t see the inherent contradiction in their beliefs.” more…
by Gary Galles
“March 16 marks James Madison’s birthday. He was ‘the father of the Constitution’; no one had a greater hand in constructing and interpreting the highest law of our land. His understanding is especially important today, given how far we have moved away from the very limited government the Constitution authorized and toward one that continually expands its power at the expense of Americans.” more… [You might also be interested in the Virginia Resolution of 1798, which was written by Madison and has special relevance to our time and the theme of this week’s newsletter. (There’s not always a theme.) Also of interest is the Kentucky Resolution, which was written by Thomas Jefferson. They are state nullifications of the Alien and Sedition Acts.]
by Fred Reed
“Washington is out of control. It does as it likes, without restraint. It spends American money and American lives to fight remote wars for which it cannot provide a plausible reason. It determines what our children will be taught, who we can hire and fire, to whom we can sell our houses, whether we can defend ourselves, even what names we can call each other. The feds read our email and track the web sites we visit, make us hop around barefoot in airports at the command of surly unaccountable rentacops. They search us at random in train stations without even a pretense of probable cause. We have no influence over them, no way of resisting.” more…
by Kirk Johnson
“Whether it’s a correctly called a movement, a backlash or political theater, state declarations of their rights — or in some cases denunciations of federal authority, amounting to the same thing — are on a roll.” more…
by Craig Wright (yes, me)
“Power can only be checked by power, and so when contemplating state sovereignty and nullification resolutions only those ones that require officials of a state government to interpose upon federal agents really matter. A state’s governor, state police, sheriffs, and other law enforcement officials must be willing and legally empowered by their legislatures to prevent, and if necessary, jail federal agents who transgress against the law-abiding citizens of their state. Furthermore, any ‘sovereignty’ resolution passed by a state legislature that does not place the state government between a law-abiding citizen and federal agents is actually worse than useless. The state governments must use their police powers to interpose, otherwise they are just leaving their citizens to be devoured by the alphabet soup of merciless federal agencies.” more…
by Michael Seringhaus
“As a practical matter, universal DNA collection is fairly easy: it could be done alongside blood tests on newborns, or through painless cheek swabs as a prerequisite to obtaining a driver’s license or Social Security card. Once a biological sample was obtained, its use must be limited to generating a DNA profile only, and afterward the sample would be destroyed. Access to the DNA database would remain limited to law enforcement officers investigating serious crimes.” more… [A good example of the type of statist tools that are in charge of most things.]
- The Bain Report : Articles that affect you and your family.
- Seven bank failures this week.
- Bill Bonner – Bombay Dreams
- Financial Sense Editorials – New Baghdad and the Collapse of Capitalism – by Doug Hornig
Politics and Such
- Wyoming’s Firearms Freedom Act has teeth. How about a felony charge and up to two years in prison and up to $2000 dollars in fines. Finally!
- A bill in the Idaho legislature would permit citizens of that state to pay their taxes in silver.
- Council on Foreign Relations reading list of state building.
- Idaho passed another bill that opposes the current fiasco called “healthcare reform”. For anyone who thinkings healthcare is a right, please explain to me how your right can be my obligation.
- Interview with Ron Paul about Chris Dodd’s new financial regulation bill.
- Obama administration cites national security to deny Freedom Of Information Act requests more often that did Bush administration.
- WTH is a Coffee Party?
- Strategic default is on the rise.
- ObamaCare would create 16,500 new jobs at the IRS. Disclaimer: This bit is a Republican Congressman’s press release.
- Some states keep newborn’s DNA on record indefinitely.
- ObamaCare bill would nationalize the student loan industry.
- Humor: Vegetarianism from the other side. Video 1:50.
- Finally, a watch phone.
- MySpace is selling their user data. Watch out…
- Learn about Gresham’s Law. Or, why bad money drives out good money.
- Facebook traffic is coming to outpace Google traffic.
- Evony – an free online RPG.
- The 3rd seed Lobos win and advance in NCAA tournament. Overall the Mountain West has had a good showing with BYU also advancing to the second round, while UNLV and SDSU each lost their first (and now only) game.
- Popping popcorn with cell phones? One could see where this might just be doctored.
And now the numbers…
DOW Jones Industrials – 10,741.98 (+117.29/1.10%)
S&P 500 – 1,159.90 (+9.91/0.86%)
VIX – 16.97 (-0.61/-3.47%)
CSI 300 (China) – 3,293.871 (+60.745/1.88%)
BSE 500 (India) – 6,912.97 (+123.92/1.83%)
MICEX (Russia) – 1,421.09 (+5.34/0.38%)
BOVESPA (Brazil) – 68,828.977 (-512.406/-0.74%)
RICI – 3,179.90 (-2.87/-0.09%)
Gold/oz – 1,107.60 (+5.90/0.54%)
Silver/oz – 17.032 (-0.016/-0.09%)
Copper/lb – 337.25 (-0.75/-0.22%)
Oil/bbl (Brent) – 79.88 (+0.49/0.62%)
Wheat/bu (CBT) – 483.75 (-1.50/-0.31%)
Corn/bu – 374.50 (+10.25/2.81%)
EUR-USD – 1.353 (-0.0239/-1.74%)
USD-JPY – 90.545 (-0.013/-0.01%)
USD-BRL – 1.8017 (+0.0393/2.23%)
3 Month Treasury – 0.14 (UNCHG)
2 Year Treasury – 0.99 (+0.04/4.21%)
10 Year Treasury – 3.69 (-0.01/-0.27%)
30 Year Treasury – 4.58 (-0.04/-0.87%)
3 Month LIBOR – 0.25 (-0.01/-3.85%)
U.S. Public Debt (official) – 12,661,296,056,307.20 (+85,816,565,958.70/0.68%)
Baltic Dry Index (BDIY:IND) – 3,379.00 (-127.00/-3.62%)
Well, I’m headed off to watch basketball for a bit so I’m going to keep this short.
First, we have our third Saturday Campaign for Liberty Breakfast at the Classic Cup Cafe on Jackson Road in Ann Arbor tomorrow morning at 8AM.
Next, there are a mass of protests about the healthcare madness all over the country this weekend. That because the thugs are of course taking their “vote” on Sunday. Cheers to that going down in a big ball of flames.
As for me I’m still busy as hell with school, which is out in about 4 weeks. Baby girl is feeling a little under the weather, coughy and sniffy mostly. Maybe a low fever. Poor thing. I hope she feels better tomorrow, because we have our first swimming “lessons”, which I guess must include just splashing around in the water. Maybe some baby dunking…
Okay that’s it. Have a good weekend, and go Lobos!