Thursday, May 14, 2009

Quoted in an article because of www.helpareporter.com

I signed up to "Help a reported out" at http://www.helpareporter.com/ and was quoted in an article: "Programming magic: Rituals and habits of effective programmers"

The Upside-down World of John Maynard Keynes - Mark Thornton - Mises Institute

The Upside-down World of John Maynard Keynes - Mark Thornton - Mises Institute: "he could not understand why people would invest resources in risky adventures that helped keep the economy growing at full employment. He therefore substituted 'animal spirits' for the profit motive. These spirits allow entrepreneurs to proceed with a naive confidence and to set aside concerns over losses. Similarly, the failure to invest was also a psychological problem that he dubbed the 'liquidity trap.' This trap occurs when investors seek liquidity in cash and when monetary policy — in terms of cutting interest rates — no longer produces an increase in investment."

"This slew of interventions has been disorderly. Many interventions, like the takeover of AIG, were total surprises, causing volatility in stock markets. Moreover, these interventions have been extremely large and wide ranging in scope. Measured in dollar terms, the money "allocated" totals over $12 trillion by one account."

" hoarding is actually a good thing because it helps facilitate the process of deflation and deflation helps bring about recovery. If people reduce consumption (demand) then prices fall, particularly in the early stages of production. As all types of resources and goods are becoming cheaper, including labor, the purchasing power of every hoarded dollar increases. All the prices that were bid up during the boom — particularly land, capital, and various asset classes — are thus reset at lower levels. Debt is liquidated and savings are restored and the prospects for a return to prosperity emerge, first among producers and then by consumers. Therefore hoarding speeds up deflation and deflation speeds up the correction process."

"Who Is Watching the Watchmen?" by Gene Healy (Cato Institute: Commentary)

"Who Is Watching the Watchmen?" by Gene Healy (Cato Institute: Commentary): "The DHS memo suggests that bureaucratic 'mission creep' can be as dangerous to liberty as a deliberate campaign of repression.

America's experience with domestic spying in the pre-Watergate period makes that clear. Presidents Johnson and Nixon believed antiwar groups were being funded by the Soviet Union, and pressured the CIA, the FBI, and the military to establish the link.

Federal intelligence operatives assigned to domestic spying programs like COINTELPRO and Operation CHAOS found little evidence of communist subversion.

Yet it's the rare bureaucracy that closes up shop for lack of anything useful to do: instead, COINTELPRO and CHAOS agents began keeping files on law-abiding citizens who disagreed with their government.

The U.S. military got into the act as well. The Army kept files on over 100,000 citizens, including such dangerous national security threats as folk singers Arlo Guthrie and Joan Baez.

Senate Judiciary Committee hearings on the program revealed that 'comments about the financial affairs, sex lives, and psychiatric histories of persons unaffiliated with the armed forces appear throughout the various records systems.'"

"A Tax Attack on America's Top Companies" by Jim Powell (Cato Institute: Commentary)

"A Tax Attack on America's Top Companies" by Jim Powell (Cato Institute: Commentary): "In the event Obama were able to impose such double taxation on the offshore operations of U.S.-based multinationals, the consequences could be devastating. U.S.-based business could be wiped out around the world because of the difficulty of competing with offshore-based rivals that have to pay taxes only to the (probably lower-tax) country where they have operations. Taxes are just another cost of doing business, and if they make the total cost of doing business excessively high, a company is bound to lose market share and ultimately withdraw from a market. Large numbers of U.S. jobs are related to business being conducted overseas, so if overseas business contracts, jobs are going to be lost here in America."

"Another possibility is that Obama's double taxation triggers an exodus of U.S.-based multinationals that re-incorporate offshore. We have seen how, during the past several decades, high New York City taxes played a major role in the dramatic exodus of Fortune 500 headquarters to lower-tax states. More recently, we have seen how California's high taxes have stimulated an exodus of companies from that state, contributing to high-tech "clusters" elsewhere in the country.

Consider how double taxation would affect incentives facing U.S.-based multinationals that make more money abroad than they do in the U.S: General Motors, for example. Why would GM endure double taxation on its profitable overseas operations for the sake of its unprofitable U.S. operation? If Obama had his way with double taxation, we might wake up suddenly to find that GM had become a Swiss-based corporation that walked away from its U.S. operation, leaving it in the hands of the UAW and the U.S. Treasury (or maybe the post office). There could be many defections from the Fortune 500 list."

"Political Stock Picks" by Richard W. Rahn (Cato Institute: Commentary)

"Political Stock Picks" by Richard W. Rahn (Cato Institute: Commentary): "After frittering away 4 billion 'bailout' taxpayer dollars to 'save the company,' Chrysler just announced it was going into bankruptcy. Not the normal Chapter 11 bankruptcy, but a 'managed bankruptcy' that will require at least another 8 billion in taxpayer dollars, while, at the same time, turning 55 percent of the ownership of the company over to the United Auto Workers (whose contracts and work practices helped destroy Chrysler) and 35 percent of the equity to Fiat motors of Italy (a company that is contributing no cash - hmmm). U.S. and Canadian taxpayers are putting up a lot of cash but only get to share the remaining 10 percent ownership."

"If a business, even after reorganization, will still not be viable without a subsidy, why should a taxpayer get stuck with the tab? After all, there are plenty of competitive, well-managed and solvent banks, insurance companies, auto companies, etc., to pick up the slack for those that are not viable and to provide for consumers' wants, needs and desires."

"Over time, only one of these systems has been compatible with continued economic growth, opportunity and liberty - and that system is capitalism.

Capitalism is a self-correcting economic system and only gets in sustained trouble as a result of faulty government policies, such as excessive or erratic monetary growth, which causes "bubbles"; inflation or deflation; and/or destructive tax, spending or regulatory policies."

Geothermal Technologies Program: How an Enhanced Geothermal System Works

Geothermal Technologies Program: How an Enhanced Geothermal System Works: "EGS offers the chance to extend use of geothermal resources to larger areas of the western U.S., as well as into new geographic areas of the entire U.S. More than 100,000 MWe of economically viable capacity may be available in the continental United States, representing a 40-fold increase over present geothermal power generating capacity. This potential is about 10% of the overall U.S. electric capacity today, and represents a domestic energy source that is clean, reliable, and proven."

Colorado High School Students Assigned to Plot a Terror Attack - Local News | News Articles | National News | US News - FOXNews.com

Colorado High School Students Assigned to Plot a Terror Attack - Local News | News Articles | National News | US News - FOXNews.com: "More than 110 students at Pueblo County High School were given two minutes to come up with their history project, the Web site reported.

'To ask them to use their creative energies to come up with a plot for an act of terrorism is very ludicrous,' said outraged parent Gini Fischer.

The school superintendent told the Web site students may have misinterpreted the assignment.

All of the assignments were collected from the students and destroyed, TheDenverChannel.com reported."

They probably wouldn't have been destroyed if they weren't incriminating.

Baptist School Teen Expects Suspension for Going to Public School Prom - Local News | News Articles | National News | US News - FOXNews.com

Baptist School Teen Expects Suspension for Going to Public School Prom - Local News | News Articles | National News | US News - FOXNews.com: "Frost's stepfather says the rules shouldn't apply outside of school and he may take legal action if Frost is suspended."

The school can make any rules they want because the parents/students are free to choose another school.

Obama Considers Detaining Terror Suspects Indefinitely - Presidential Politics | Political News - FOXNews.com

Obama Considers Detaining Terror Suspects Indefinitely - Presidential Politics | Political News - FOXNews.com: "The Obama administration is weighing plans to detain some terror suspects on U.S. soil -- indefinitely and without trial -- as part of a plan to retool military commission trials that were conducted for prisoners held in Guantanamo Bay, Cuba."

Court says police can use GPS to track anyone | Technically Incorrect - CNET News

Court says police can use GPS to track anyone | Technically Incorrect - CNET News: "I was moved to virtual paralysis when I learned that an appeals court in Wisconsin decided that police can stick a GPS-tracking device on anyone they want without getting a search warrant. Even if that person is not suspected of anything more than living, breathing and expectorating.
The Fourth District U.S. Court of Appeals doesn't seem terribly happy about its own decision. However, the court decided, after much rumination, that GPS does not involve searching and seizing.
Which means that any information gained by sticking a secret GPS-tracking device on someone's car will only yield information that could have been gleaned through normal visual surveillance.
Some might wonder, normal visual surveillance by whom? R2D2? Spiderman?
The decision stemmed from a case against Michael Sveum, a Madison resident who was accused of stalking. In his case, police got a warrant to slip a GPS on his car.
Sveum argued that this contravened his Fourth Amendment rights, which protect him against unreasonable search and seizure. His lawyers said that he was followed out of the public view, in intimate places such as his garage.
The court begged to differ, declaring that an officer could have used his eyes to see when Sveum entered and left his garage."

"Larry Dupuis, legal director of the ACLU in Wisconsin, does. He told the Chicago Tribune: "The idea that you can go and attach anything you want to somebody else's property without any court supervision, that's wrong. Without a warrant, they can do this on anybody they want."
Even the appeals court itself is "more than a little troubled" by its own misdirected thinking and suggested that lawmakers in Wisconsin regulate the use of GPS by its officials."

Lawyer in Pirate Bay case facing 'DDo$' attack | Digital Media - CNET News

Lawyer in Pirate Bay case facing 'DDo$' attack | Digital Media - CNET News: "In this case, Danowsky's law firm's account at the Nordea bank is being targeted. The site internetavgift.se--it's unclear who runs it--is challenging people to send 1 Swedish krona (about 13 cents) to the account. The site instructs participants to cite 'purchase of media' as a payment reference, and the plan is making its way around Twitter and blogs.
The scheme may turn out to be expensive for Danowsky's firm--or at least that's what the tricksters hope. According to the bank's rules (PDF in Swedish) companies can receive up to 1,000 payments a year for free. Further incoming payments will be charged 1.70 kronor (about 21 cents) each.
However, according to the law, each transaction, free or not, has to be entered in the law firm's books, which implies a lot of manpower."

Campaign For Liberty — An Open Letter to President Obama and the American People

Campaign For Liberty — An Open Letter to President Obama and the American People: "Even if, by some miracle, she lives through the initial abortion, she has already been classified as non-human and therefore can be terminated at the doctor's convenience (approved by this President but not Constitutional)."

"The 14th Amendment makes the answer clear. Section. 1. All persons born or naturalized in the United States and subject to the jurisdiction thereof, are citizens of the United States and of the State wherein they reside. No State shall make or enforce any law which shall abridge the privileges or immunities of citizens of the United States; nor shall any State deprive any person of life, liberty, or property, without due process of law; nor deny to any person within its jurisdiction the equal protection of the laws."

Campaign For Liberty — Pay No Attention to the Fed Behind the Curtain

Campaign For Liberty — Pay No Attention to the Fed Behind the Curtain: "The standard reply of the Fed and its partisans is that any such measures, however marginal, would encroach on the Fed's 'independence from politics/' which is invoked as a kind of self-evident absolute. The monetary system is highly important, it is claimed, and therefore the Fed must enjoy absolute independence.

'Independent of politics' has a nice, neat ring to it, and has been a staple of proposals for bureaucratic intervention and power ever since the Progressive Era. Sweeping the streets; control of seaports; regulation of industry; providing social security; these and many other functions of government are held to be "too important" to be subject to the vagaries of political whims. But it is one thing to say that private, or market, activities should be free of government control, and "independent of politics" in that sense. But these are government agencies and operations we are talking about, and to say that government should be "independent of politics" conveys very different implications. For government, unlike private industry on the market, is not accountable either to stockholders or consumers. Government can only be accountable to the public and to its representatives in the legislature; and if government becomes "independent of politics" it can only mean that that sphere of government becomes an absolute self-perpetuating oligarchy, accountable to no one and never subject to the public's ability to change its personnel or to "throw the rascals out." If no person or group, whether stockholders or voters, can displace a ruling elite, then such an elite becomes more suitable for a dictatorship than for an allegedly democratic country. And yet it is curious how many self-proclaimed champions of "democracy," whether domestic or global, rush to defend the alleged ideal of the total independence of the Federal Reserve. "