Sunday, December 27, 2009

With its libertarian streak fading, Nevada will stagnate




With its libertarian streak fading, Nevada will stagnate

That’s not to say the state hasn’t — or won’t continue to — change in some ways. We’re no longer that libertarian state we used to be, and it had been our identity as the libertarian state that had sustained us.

Newcomers have come to Nevada to escape taxes and that has changed the Nevada dynamic. They’ve made what was once a libertarian state more conservative. There have been more efforts to close the state’s legal brothels, to cite just one example.

Nevada has been unwilling in recent years to take the lead to break away from the traditional. Recreational marijuana use has failed twice when put to the voters. A ban on same-sex marriage has been added to the state’s constitution.

Sunday, December 20, 2009

DC Cop brings a gun to a snowball fight, Big shot off duty cop in a Hummer brandishes a gun at kids in the midst of a snowball fight.

DC Cop brings a gun to a snowball fight- Big shot off duty cop in a Hummer brandishes a gun at kids in the midst of a snowball fight.

This cop has committed a crime and should be held accountable. Big shot bullies like this need to be taken down. Thank God for the video camera! And Reason.


IT is getting harder for governments to buy United States Treasuries because the US's shrinking current-account gap is reducing supply of dollars over




IT is getting harder for governments to buy United States Treasuries because the US's shrinking current-account gap is reducing supply of dollars overseas

The comments by Zhu Min, deputy governor of the People's Bank of China, referred to the overall situation globally, not specifically to China, the biggest foreign holder of US government bonds.

Chinese officials generally are very careful about commenting on the dollar and Treasuries, given that so much of its US$2.3 trillion reserves are tied to their value, and markets always watch any such comments closely for signs of any shift in how it manages its assets.

China's State Administration of Foreign Exchange reaffirmed this month that the dollar stands secure as the anchor of the currency reserves it manages, even as the country seeks to diversify its investments.

In a discussion on the global role of the dollar, Zhu told an academic audience that it was inevitable that the dollar would continue to fall in value because Washington continued to issue more Treasuries to finance its deficit spending.

He then addressed where demand for that debt would come from.

"The United States cannot force foreign governments to increase their holdings of Treasuries," Zhu said, according to an audio recording of his remarks. "Double the holdings? It is definitely impossible."

Friday, December 11, 2009

Gov't Spending Is Like Tiger's Dating: Jim Rogers



Gov't Spending Is Like Tiger's Dating: Jim Rogers

The U.S. government's plan to increase spending as a way to kick-start the economy will leave the country with no way to help its way out of the next crisis, Jim Rogers, chairman of Jim Rogers Holdings, told CNBC Thursday.

The Treasury Department "has been putting out all of this stimulus and now they're talking about extending the (Troubled Asset Relief Program)," Rogers said.

On Thursday Treasury Secretary Timothy Geithner announced TARP would be extended into next year in part to free up public money for job creation, but also as insurance against another crisis.

Geithner "is a very smart person," but "he's been wrong about everything for the last 15 years," Rogers said.

"Why are we listening to any of those guys down there? They're making our situation worse," he said. "They said in writing yesterday the solution to our problem is to spend more money … that's what got us into this problem: too much debt."

Thursday, December 10, 2009

Thursday, December 3, 2009

Libertarian Candidate May Force a Runoff in Costa Rica




Libertarian Candidate May Force a Runoff in Costa Rica

A new poll published today by Costa Rica’s daily La NaciĆ³n shows that Libertarian presidential candidate Otto Guevara has 30% of support among likely voters, trailing the candidate of the incumbent social democrat party Laura Chinchilla, who has 43% support. The news here is that in just two months, Guevara has increased his share of the vote by 18 percentage points, while Chinchilla’s share has collapsed by 20 percentage points during the same period.

The elections are scheduled for February 7th, and if neither of the candidates reaches the 40% threshold, there would be a runoff on April 4th. Given the trend, it is very likely that Guevara might force a runoff with Chinchilla in April. However, if Chinchilla’s rapid decline continues and Guevara captures more independent and undecided voters, he could still pull a surprising victory in February.

Wednesday, December 2, 2009

Climategate: it's all unravelling now


Climategate: it's all unravelling now

So many new developments: which story do we pick? Maybe best to summarise, instead. After all, it’s not like you’re going to find much of this reported in the MSM.

Tuesday, December 1, 2009

LibertyManiacs launches line of Reason regalia


LibertyManiacs launches line of Reason regalia

LibertyManiacs formally launched its Reason Official Online Store today featuring products for "Free Minds and Free Markets."

Under a licensing agreement with Reason, LibertyManiacs will offer a wide range of items featuring the organization's logo, reason.com, reason.tv, Reason Foundation, and images of Ayn Rand.

It's a natural partnership. Reason is the flagship publication of the libertarian movement while LibertyManiacs touts itself as "the World's Liberty Store," a major producer of liberty-centric individualized products that range from tee shirts to bumper stickers to posters to coffee mugs to ball caps to shoes – yes, shoes – to just about anything else that can be printed on

About Me

My Photo
Nick Sorrentino is the Editor of The Liberty and Economics Review and CEO of Exelorix.com a social media management company.