Israel Isn’t the Brilliant Friend of Freedom the Beltway Claims It to Be

It certainly wasn’t the only time calling a perceived ally of DC a democracy became a tradition with India. While India could have been the first non-European “ally” to receive such treatment since the heydays of the Cold War, the immense support India currently enjoys despite a litany of human rights violations will never outclass the kind of prowess Tel Aviv has from the grassroots and political elite in the Beltway.

The Federal Reserve is Running Losses. Does This Cost Anyone Anything?

Financial statements of the US Federal Reserve, which consists of the board of governors in Washington and twelve district reserve banks across the country, indicate that the consolidated system has generated both capital and operating losses for the past couple of years. The Fed was created in 1913 to issue and circulate an “elastic currency” that could respond to consumers’ demand for cash, end bank runs known then as “money panics,” and serve as a “lender of last resort” to the nation’s commercial banks.

Is Migration a Tool of the Consumptive Class?

Migration is part of the wider concept of economic freedom. This makes it desirable if prosperity is the goal of policy. But more applicable to the current attitudes and values of Western leaders than mundane economic arguments, migration presents an opportunity to increase the pool from which they extract real income. This is required in the face of poor demographics and growing socialistic ambitions.

The War in the Ukraine in Libertarian Perspective

My speech last year here in Bodrum on Germany’s role in the ongoing war between Russia and the Ukraine, or better and more accurately: between Russia on the one hand and the US, as the boss of NATO, its various European vassals and in particular Germany, and the Ukraine and the Ukrainians as their proxy: as their dispensable tools, useful idiots and sacrificeable lambs on the other hand, has not gone over too well with many supposedly libertarian folks