Brexit Shows Why Central Planning Won’t Work

For months before the Brexit referendum on June 23rd, entire industries were hard at work attempting to predict how the UK electorate would vote.

Polling companies canvassed neighborhoods, made phone calls, sent surveys by e-mail, monitored websites, and spoke with people on busy city streets, in the process assembling a trove of data which the companies then analyzed and distilled down to probabilities for and against.

Here We Go Again: An August 2007 Redux

Nearly everywhere on the planet the giant financial bubbles created by the central banks during the last two decades are fracturing. The latest examples are the crashing bank stocks in Italy and elsewhere in Europe and the sudden trading suspensions by three UK commercial property funds.

If this is beginning to sound like August 2007 that’s because it is. And the denials from the casino operators are coming in just as thick and fast.

Abolish the FBI

Like all employees of the FBI, James Comey lives off the sweat of the American taxpayer. His large salary, upon retirement, will be converted into a very generous pension. Like most federal employees in a high ranking position like his, Comey continues to look forward to decades of living at a standard of living far above what is experienced by ordinary people in the private sector. 

The Supreme Court’s New Attack on the Fourth Amendment

Last month, the Supreme Court issued an opinion regarding the case of Edward Strieff. In this opinion, the majority of the Court argued that it is constitutional for a police officer to detain someone without suspicion and demand their identification in order to see if they have any outstanding arrest warrants. (Or, more accurately, they consider such a search illegal, but will still accept in court the evidence obtained via the illegal search.)