Since mid-September 2019, the U.S. Federal Reserve has been fighting to contain a liquidity crisis in the nation’s money markets that was caused in large part by excessive spending by the U.S. government. That surge in spending was prompted by “the worst budget deal...
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News Roundup 12/16/19
by Kyle Anzalone | Dec 16, 2019 | News Roundup
US News The US is withholding crucial evidence in the Assange case from his defense team. [Link] Peter Thiel’s Palantir gets a $111 million contract to provide software to the Army. [Link] The 2020 NDAA includes a requirement of Trump to sanction the construction of...
Operation Fast and Furious: The Forgotten History of the ATF’s Notorious Gunwalking Scandal
by Sam Jacobs | Dec 14, 2019 | Featured Articles
The ATF isn’t all bad. In fact, they had a policy of letting illegal gun purchases go between 2006 and 2011. It ended up getting U.S. Border Patrol Agent Brian Terry killed on December 14, 2010, and let Mexican criminals get enough guns that they were found at over...
The 2020 NDAA: A Rubber Stamp for War
by Kyle Anzalone | Dec 13, 2019 | Featured Articles
The 2020 National Defense Authorization Act is a monster that could only have been birthed by a conference committee deep in the DC swamp. The 2020 version of the annual Department of Defense funding bill provides $738 billion to the Pentagon, a $30 billion increase...
Blowback: Saudi Soldier Shoots Up Florida Airbase
by Kyle Anzalone | Dec 9, 2019 | Conflicts of Interest
On FPF #427, I explain how the shooting at the US base in Flordia was a part of the war the US is fighting in the Middle East. The shooter was a Saudi officer who was training at the base. Before the shooting, the Saudi posted about American crimes against Muslims...
When The Illusions Are Shattered
by Chris Rossini | Dec 5, 2019 | Featured Articles, Libertarianism
Whenever you see a big government, or worse, a big government that sets out to be an empire, you know that people have messed up -- BIG TIME! The wrong road has been taken. Big government politicians (and everyone that believes them) have to inhale and exhale a...
Death and Taxes? How About Life and Liberty? Join us as we build a better Institute.
by Scott Horton | Dec 5, 2019 | Scott Horton
On a shoestring budget since our founding in 2016, we have done our best to hold the line on libertarian principle while prioritizing the fight against the government’s worst depredations first. In 2017 we published our director Scott Horton’s acclaimed book Fool’s...
News Roundup 12/5/19
by Kyle Anzalone | Dec 5, 2019 | News Roundup
US News A US sailor killed two civilians Department of Defense employees before killing himself at the Pearl Harbor Shipyard. [Link] The New York Times publishes drawings by CIA torture victim Abu Zubaydah of the abuse inflicted on him. [Link] The Mexican President...
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The Vulnerable Capitalist
"Popular literature attributes enormous 'power' to the capitalist and considers his owning a mass of capital goods as of enormous significance, giving him a great advantage over other people in the economy. We see, however, that this is far from the case; indeed, the...
Winter is Coming to an American City Near You
It is much worse than Shawn Ryan thinks per his reactions during the interview. Sarah Adams discusses a forecast of an attack on the US from 1:12:00 to 1:25:00. There will be far more than 1k fighters (think train the trainer) because the aQ et al planners will...
Ruminations on War in the 21st Century
Agreed, Armchair Warlord nails the paper tiger posing as the US military. My additions: There is no Auftragstaktik in the modern western militaries despite their "embrace" of Mission Command. Carriers are the crossbow and chariot of the 21st century. A tremendous...
USS Liberty Incident Rises from the Ash Heap of Inconvenient History
Medal of Honor citation for Commander William L. McGonagle, USN, Commanding Officer, USS Liberty (AGTR-5) Thanks to Candace Owens for lifting this incident from the dead. One receives the Medal of Honor for engaging in a fight in enemy action. "For conspicuous...
Natural Economic Law Can’t Be Repealed
If the government restricts supply and subsidizes demand, out-of-control prices, resource shortages, and unpleasant ad hoc coping restrictions will follow. That is the natural (economic) law. The government cannot repeal it. But it can stop its attempt to plan.
Dumpsters Afloat: The Zumwalt Chronicles Continues
The weapons system removed from the Zumwalt They were going to build 30 and ended up building three of these dysfunctional monstrosities. Commissioned in 2016, it has only taken them eight years to retrofit the weapons system. The Navy's priorities have changed since...
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