Guilt by Musical Association

Should the feds be permitted to treat anyone who is not a choirboy like a criminal suspect? Unfortunately, local, state, and federal agencies have a long history of targeting, harassing, and entrapping fans of untraditional music. Because so many innocuous activities have become criminalized in recent decades, it has never been easier for the feds to tar any group they please. Precedents established against devotees of unruly music could be used in the future against peaceful libertarians.

Michael Malice

Michael Malice is an author, columnist and media personality.

For the Dreamers: No Deportation, No Citizenship

The current wrangling on Capitol Hill over the so-called Dreamers has come down to the usual political deal-making. Trump has signaled he’s willing to compromise on deportations — that is, initiate fewer of them — if he can get funding for his border wall.

Also at issue is whether or not Dreamers already in the US ought to be able to sponsor their parents for legal residency or for citizenship. 

Federal Budgets are Meaningless

Reactions to presidential budget proposals generally run along predictable party lines: the party occupying the White House lauds it as a sober and responsible reflection of the nation’s priorities, while the opposition party insists it will kill babies and bring about the general downfall of the nation. We might expect this political grandstanding to grow more intense in the Trump era, and so it has: the administration’s new 2019 budget proposal has been met with howls of disapproval from many corners. 

Money Supply Growth vs. The Stock Market

On Friday February 9, 2018, the Dow Jones Industrial Average closed at 24,190.9 a decline of 1,958.49 points from the end of January 2018 or a decline of 7.5%. The S&P500 fell during this period from 2,823.81 to 2,619.55 – a decline of 7.2%.

Most commentators are trying to assure stock market participants that this correction is normal by drawing attention to the prolonged uptrend in the Dow and the S&P500. Thus, both the Dow and the S&P500 were in an uptrend since February 2009 when the Dow closed at 7,062.93 while the S&P500 closed at 735.09.