Libertarian political philosophy, as a practical matter, does not offer a prefabricated set of solutions to collective problems. Rather, it’s a liberty-based approach to ameliorating collective problems that begins by acknowledging (among other things) the dispersion, incompleteness, and tacit dimension of relevant knowledge. Thus, the approach favors decentralization, competition (in ideas and services), and choice about what trade-offs to make and with whom to cooperate. Perhaps ironically, to succeed, individualism requires and produces the collective intelligence that only markets embody.
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Help For Small Business Owners
For any small business owner that needs to apply for a loan their is some good news. Secretary Mnuchin announced that the emergency small business funding mechanism will be administered through the Treasury FDIC system rather than the SBA. The contact point for the loans will be any FDIC bank so you should be able to go directly to a local bank and apply for emergency funding rather than having to go through the cumbersome SBA loan process.
Mnuchin describes how this will work here
Hat tip to Sundance at The Conservative Treehouse
Meet The New Boss – At The Fed
Jim Bianco at Bloomberg
“The Fed will finance a special purpose vehicle (SPV) for each acronym to conduct these operations. The Treasury, using the Exchange Stabilization Fund, will make an equity investment in each SPV and be in a “first loss” position. What does this mean? In essence, the Treasury, not the Fed, is buying all these securities and backstopping of loans; the Fed is acting as banker and providing financing. The Fed hired BlackRock Inc. to purchase these securities and handle the administration of the SPVs on behalf of the owner, the Treasury.
In other words, the federal government is nationalizing large swaths of the financial markets. The Fed is providing the money to do it. BlackRock will be doing the trades.
This scheme essentially merges the Fed and Treasury into one organization. So, meet your new Fed chairman, Donald J. Trump.”
Free Ross!
The Evil Benny Gantz Backs Down Before the Much More Evil Benjamin Netanyahu
After all, it’s an emergency and everything.
Prison Officials Refuse to Let ‘Likely Innocent’ Death Row Inmate Get COVID-19 Test
And when they say, “likely,” that’s in the words of the District Attorney’s office, which has completely disavowed their predecessors’ unjust prosecution of this man.
So why is he still in prison at all?
I tell you what.
COVID-19 Has Taken an Aircraft Carrier Out of Commission
The aircraft carrier USS Theodore Roosevelt will be pulling into Guam so that each of its nearly 5,000 sailors can be tested for COVID-19, the Navy announced on Thursday.
The announcement comes days after Acting Navy Secretary Thomas Modly said three sailors aboard the carrier were diagnosed with the virus and flown from the ship.
News reports since then showed the number had increased to at least 23 and that the “number is changing.”
So You Got Some Time to Kill?
Well I’ve got 5,200-something interviews about the wars for you to listen to here.
Podcasts
