Monday, May 22, 2023

Pick Your Madness

 If blacks are to receive multi-million- dollar reparations from whites for the crimes of slavery and “Jim Crow” committed generations ago, will whites be able to “identify” as blacks, “transition” into being blacks and thereby join in collecting those reparations?

Wednesday, May 17, 2023

The 4th Amendment Vs. Income-Tax Audits

An income-tax audit is a form of search. It is a search for unreported income and for deductions that are not allowed under the tax code.

The 4th Amendment to the US Constitution reads, “The right of the people to be secure in their persons, houses, papers, and effects, against unreasonable searches and seizures, shall not be violated, and no Warrants shall issue, but upon probable cause, supported by Oath or affirmation, and particularly describing the place to be searched, and the persons or things to be seized.

As I understand the 4th Amendment, it implies that every income-tax audit should require a Warrant signed by a Federal Judge and specify the particular probable cause on which it is based and what particular papers or other things are to be seized.

Has the attempt ever been made to hold the government to this standard that is implied by the 4th Amendment?

Sunday, May 14, 2023

Inflation Is In the Paper Money: Some Examples

 Did you know that today you can buy a brand new economy-type car, such as a Honda Civic, for the same price people paid 100 years ago for a Model T Ford?

The price of each is/was just $300, in $20 US gold coins, each coin containing an ounce of gold, which quantity of gold has a current market price of 2,000 paper dollars. Fifteen such coins have a paper-dollar market value of $30,000, just about the price of a new Honda Civic.

Some more startling facts: The Dow Jones Average, which closed last Friday at 33,301, closed at 333.01 in gold dollars, defined as .05 ounces of gold per dollar. The paper dollar itself, quoted in gold dollars, closed at ONE GOLD CENT PER PAPER DOLLAR.

Thursday, May 04, 2023

100 Hours Plus of Reisman's Lectures on the Economic Theory and Political Philosophy of Capitalism

To all supporters of capitalism and economic freedom, please know that thanks to Houston attorney Stephan Kinsella, more than 100 hours of lectures by George Reisman, who studied under both Mises and Rand, have been made available free of charge on YouTube.

The necessary links are