Llewellyn H. Rockwell Jr.'s Blog, page 2190

Economists Won’t Predict the Next Crash

You get a lot of attention if you shout out things like “The stock market is about to collapse”, or “The US dollar crash is just around the corner”, or “The housing market slump is about to unfold”. But from the viewpoint of sound economics, making these kinds of predictions is quite impossible. Putting probabilities to certain outcomes – such as “I assign a probability of 30 per cent that the stock market collapses in 2018” – might be fashionable among forecasters, but it certainly does not...

Immigration Solved

As former Federal Reserve Chairman Alan Greenspan repeatedly testified to Congress (both House and Senate), we need to have folks from foreign lands move here to the U.S..

Why?

You probably know about the approximately $20 trillion U.S. Government Debt – – euphemistically called the “National Debt?”

Although it increases so quickly that even the treasury can’t really know, they claim you can see “The Debt To the Penny” here.

But do you know about those U.S. Government “unfunded liabilities” —...

Three Cheers for Trump’s Peace Trifecta

In the short space of five days, June 8-12, President Trump took three steps that upended the old post WWII global order and moved us a few steps toward a more peaceful world. Two of those steps are undeniable; the third is perhaps not so obvious.

The Singapore Summit.

The Singapore Summit comes first, because it rocked the world.

In this bold and unprecedented meeting President Donald Trump and Chairman Kim Jong-un, of the Democratic Peoples’ Republic of Korea (DPRK), started down a path to...

Jay-Z Puts Fatwa on George Zimmerman’s Head

In what may be the most reckless bit of leftist posturing yet, billionaire multimedia mogul Jay-Z has none too subtly asked his followers to kill George Zimmerman, the man acquitted in the shooting death of Trayvon Martin five years ago.

Jay-Z apparently added a line to a new release by the hip-hop artist Drake: “I got your president tweeting / I won’t even met with him / Y’all killed X and let Zimmerman live / Streets is done.”

“X” refers to rapper XXXTentacion, who was gunned down in South...

Street-Corner Semantics

The cover of this week’s British Medical Journal is emblazoned with the words “Sex workers risk prosecution under UK law if they carry more than six condoms.” The words “six condoms” are emphasized by a change of color of lettering from blue to green. Then the cover asks, “Would decriminalisation be safer?”

The commonly employed argument that prostitution is the oldest profession and no law has ever eradicated it seems to me a bad one. Whether or not it is the oldest profession in any literal...

Facebook Algorithm Flags the Declaration Of Independence

Over the last couple of years major social media, news and video platforms have been actively engaged in the censorship of what they believe to be fake news and information. Often spearheaded by third-party review organizations known to have biased views, there have been countless examples of unpopular speech and commentary that has seen its distribution suppressed or outright banned.

While there is most certainly a human element involved in the review and flagging of information, mega Silico...

Obama’s Teeth

I am now officially an Obamacare Outlaw – the deadline for sending in my “shared responsibility” penalty/tax whatever-it-is having come – and gone. Without my having sent them a burnished penny of the $695 they claim I “owe.”

Readers will recall that about three weeks ago, I received a thuggy letter from the Luca Brasi division of the government, which has become the collection agency for the health insurance mafia. The mafia succeeding in getting Obamacare passed into law – and don’t be dece...

Libertarian Communists

A few weeks ago I decided I probably wouldn’t raise this point anymore – that libertarianism and communism have more in common than many libertarians would care to admit; in fact, subtract private property (which, I admit, is a meaningful subtraction), and you might not be able to tell the two apart in a line-up.  I decided that making this philosophical connection was much too complicated for something as simple as one of my blog posts (albeit, one of my more significantly researched blog po...

‘Curiouser and Curiouser’

“Why, sometimes I’ve believed as many as six impossible things before breakfast” – Alice in Wonderland. The problem for the British narrative in the Skripal case is that one would have to believe way more than six things.

Let me start with the latest: the taxpayer-funded purchase for more than one million pounds of the homes in Salisbury of the British spy Sergei Skripal and the police officer Detective Sergeant Nick Bailey. This purchase is explained as necessary on security grounds and – so...

Abolish NATO

A NATO summit approaches that brings Donald Trump to Europe and then on to these shores, and brings the usual clamour for more of the taxpayers’ money to be given to arms manufacturers.

Yet NATO is a demonstrably useless institution. It’s largest ever active military deployment, for 12 years in Afghanistan, resulted in military defeat throughout 80% of the country, the installation of a pocket regime whose scrip does not run further than you can throw the scrip, and a vast outflow of heroin t...