The Unz Review: An Alternative Media Selection
A Collection of Interesting, Important, and Controversial Perspectives Largely Excluded from the American Mainstream Media
 
Email This Page to Someone

 Remember My Information



=>
Topics Filter?
2016 Election Afghanistan American Media American Military China CIA Civil Liberties Constitutional Theory Coronavirus Cuba Deep State Donald Trump Economics Federal Reserve Foreign Policy Government Spending Government Surveillance Gun Control Health Care Ideology Illegal Immigration Immigration Iran Iraq Iraq War ISIS Julian Assange Middle East Neocons North Korea Obamacare Police State Political Correctness Public Schools Qassem Soleimani Republican Party Russia Saudi Arabia Syria Taxes Terrorism Ukraine Venezuela Vouchers Wall Street Wikileaks Yemen 2014 Election 9/11 Abortion American Debt American Empire Anti-Vaccination Antifa Antitrust Banking System Benghazi Bernie Sanders Brexit Britain Campaign Finance Canada Censorship Charlie Hebdo Charlottesville COINTELPRO Congress Conservative Movement Conspiracy Theories Constitution Cyprus Death Penalty Defense Budget Democratic Party Disease Dollar Draft Drones Drug Cartels Drug Laws Duterte Ebola Education Environment Ex-Im Bank Fake News Fascism Ferguson Shooting Financial Crisis FISA France Free Market Free Speech Free Trade Freedom Of Speech Freedom George Soros Global Warming Gold Government Debt Government Shutdown Greece Guns Healthcare Hillary Clinton History Homeland Security IMF Imperial Presidency Income Tax Inflation IRS Islam Israel Israel Lobby John Bolton Khashoggi Kurds Libertarianism Libertarians Libya Malaysian Airlines MH17 Mali Maria Butina Marijuana Mass Shootings Medicare For All Mental Health Minimum Wage Monopoly National Debt NATO NSA Surveillance Orlando Shooting Paris Attacks Patriot Act Philippines Privatization Racism Rand Paul Republicans Roe Vs. Wade Russiagate Scotland Secession Shimon Peres Socialism Supreme Court Switzerland Tax Cuts Tea Party Tony Blair Torture Transgender Turkey Unemployment Vietnam War War Crimes World War I
Nothing found
Sources Filter?
 TeasersRon Paul Blogview

Bookmark Toggle AllToCAdd to LibraryRemove from Library • BShow CommentNext New CommentNext New ReplyRead More
ReplyAgree/Disagree/Etc. More... This Commenter This Thread Hide Thread Display All Comments
AgreeDisagreeThanksLOLTroll
These buttons register your public Agreement, Disagreement, Thanks, LOL, or Troll with the selected comment. They are ONLY available to recent, frequent commenters who have saved their Name+Email using the 'Remember My Information' checkbox, and may also ONLY be used three times during any eight hour period.
Ignore Commenter Follow Commenter
🔊 Listen RSS

One of the few good things to come out of the government-mandated shutdown is that many parents have started homeschooling their children. Many of these parents are likely to continue homeschooling after the government schools reopen.

Last week, the Centers for Disease Control and Prevention (CDC) did its part to encourage homeschooling when it unveiled “guidelines” for schools to follow when they reopen. Among the CDC’s guidelines are that schools put tape on the hallways, directing children which direction to walk and how much distance to keep between themselves and their classmates. The CDC also recommends children do not share electronic devices or learning aids. The guidelines even say children should wear masks at school.

The CDC’s guidelines instruct schools to close playgrounds and cafeterias, and to cancel all field trips and assemblies. Instead, students are to spend all day at their desks, not even leaving classrooms for lunch or recess.

The CDC’s guidelines may not have the force of law, but it is likely most government schools will adopt them in order to ensure continued access to federal funding. Schools will do this even though children are at a very low risk of being seriously harmed by coronavirus. In fact, by forbidding children from going outside to play, exercise, and get sunshine, the guidelines actually endanger children’s health. The guidelines also harm children by limiting their ability to interact with their fellow students and develop social skills.

Opponents of homeschooling claim that homeschooled children lack proper socialization. Like many attacks on homeschooling, the claim that homeschoolers are not “socialized” is the opposite of the truth. Education researcher Corey DeAngelis recently told journalist John Stossel in a Reason interview that “children who are homeschooled get much better academic and social results than kids in government schools.” Mr. DeAngelis pointed out that “homeschoolers score about 30 percent higher on the SAT test than kids in regular schools.”

Parents looking for a homeschooling program that includes an introduction to the ideas of liberty should consider my homeschool curriculum. My homeschool curriculum provides students with a solid education in history, literature, mathematics, and the sciences. It also gives students the opportunity to create their own websites and internet-based businesses. The curriculum is designed to be self-taught, with students helping, and learning from, each other via online forums.

Starting in fourth grade, students are required to write at least one essay a week. Students also take a course in public speaking.

The curriculum teaches history from a pro-liberty perspective, and the economics section is taught from the Austrian viewpoint. But, unlike government schools, the curriculum does not compromise education quality or distort facts in pursuit of a political agenda.

Students using my homeschooling program develop a love of learning, study superior communication skills, and gain real-world business experience. They also develop the critical thinking skills necessary to see through the lies peddled by government officials and their sycophants in the mainstream media. The skills and knowledge students gain will enable them to succeed in whatever careers they choose to pursue.

Parents interested in giving their children a well-rounded homeschool education that includes sound economics and the history and philosophy of liberty can get more information about my curriculum by going to RonPaulCurriculum.com.

 
• Category: Ideology • Tags: Coronavirus, Disease, Public Schools 
🔊 Listen RSS

On April 21st the Washington Post savaged Georgia governor Brian Kemp’s decision to begin opening his state after locking down for weeks. “Georgia leads the race to become America’s No. 1 Death Destination,” sneered the headline.

The author, liberal pundit Dana Milbank, actually found the possibility of Georgians dying to be hilarious, suggesting that, “as a promotion, Georgia could offer ventilators to the first 100 hotel guests to register.”

Milbank, who is obviously still getting paid while millions are out of work, sees his job as pushing the mainstream narrative that we must remain in fear and never question what “experts” like Dr. Fauci tell us.

Well it’s been three weeks since Milbank’s attack on Georgia and its governor, predicting widespread death which he found humorous. His predictions are about as worthless as his character. Not only has Georgia not seen “coronavirus…burn through Georgia like nothing has since William Tecumseh Sherman,” as Milbank laughed, but Covid cases, hospitalizations, and deaths have seen a steep decline since the governor began opening the state.

Maybe getting out in the fresh air and sunshine should not have been prohibited in the first place!

In fact, as we now have much more data, it is becoming increasingly clear that the US states and the countries that locked down the tightest also suffered the highest death rates. Ultra locked-down Italy suffered 495 Covid deaths per million while relatively non-locked down South Korea suffered only five deaths per million. The same is true in the US, where non lockdown states like South Dakota were relatively untouched by the virus while authoritarian-led Michigan, New York, and California have been hardest hit.

In those hardest hit states, we are now seeing that most of the deaths occurred in senior care facilities – after the governors ordered patients sick with Covid to leave the hospitals and return to their facilities. There, they infected their fellow residents who were most likely to have the multiple co-morbidities and advanced age that turned the virus into a death sentence. Will these governors be made to answer for this callous disregard for life?

Yesterday, Health and Human Services Secretary Alex Azar admitted the obvious: “We are seeing that in places that are opening, we’re not seeing this spike in cases.” So why not open everything? Because these petty tyrants cannot stand the idea of losing the ability to push people around.

Shutting down the entire United States over a virus that looks to be less deadly than an average flu virus – particularly among those under 80 who are not already sick – has resulted in mass unemployment and economic destruction. More Americans may die from the wrong-headed efforts to fight the virus than from the virus itself.

Americans should pause and reflect on the lies they are being sold. Masks are just a form of psychological manipulation. Many reputable physicians and scientists have said they are worthless and potentially harmful. Lockdowns are meant to condition people to obey without question. A nation of people who just do what they are told by the “experts” without question is a nation ripe for a descent into total tyranny. This is no empty warning – it’s backed up by history. Time to stand up to all the petty tyrants from our hometowns to Washington DC. It is time to reclaim our freedom.

 
• Category: Economics, Ideology • Tags: Civil Liberties, Coronavirus 
🔊 Listen RSS

Last week the Federal Reserve announced it will keep interest rates at or near zero until the economy recovers from the government-imposed shutdown. Following this announcement, Federal Reserve Chairman Jerome Powell urged Congress and the Trump administration to put aside any concerns about the deficit and spend whatever it takes to stimulate the economy and combat coronavirus.

The Federal Reserve previously announced it would make unlimited purchases of Treasury securities, thus encouraging Congress and the president to increase spending and debt. With some members of Congress talking about another multi-trillion-dollar stimulus bill, and with President Trump proposing a two trillion dollars infrastructure plan as a way to get Americans back to work, it is obvious, and not surprising, that Congress and President Trump gleefully agree with Powell’s advice.

Increasing the purchase of federal debt is not the only action the Fed has taken in a desperate attempt to keep the economy afloat. Since the coronavirus lockdowns began in early March, the Fed has greatly expanded its balance sheet. The Federal Reserve has also launched an unprecedented program to “loan” money directly to businesses.

While some states are beginning to end the lockdowns, it may be months or even another year before all the lockdowns are finally ended. It is unlikely that the economy will completely recover after the shutdown ends.

The economy was teetering on the brink of a recession months before anyone heard of coronavirus. Last September, a panicked Fed began emergency infusions of cash into the repurchasing market, which is where banks make short-term loans to each other. The Fed’s balance sheet expansion also began in September. The Fed was also pushing interest rates down before the coronavirus panic, and it will likely keep rates at or even below zero long after the crisis related to the shutdown subsides.

Economic stagnation combined with zero or negative interest rates remove incentive for people to save. This depletes the supply of private capital available to invest in businesses and jobs. The lack of private capital will put pressure on the Federal Reserve to maintain, and even expand, its new lending programs indefinitely.

Each of the Federal Reserve’s responses to the coronavirus shutdown increases the distortions of the market caused by the Federal Reserve’s meddling with the money supply and interest rates. These increased distortions guarantee the inevitable crash will be much more severe than the current downturn. The one upside is that the next meltdown will likely lead to the end of the fiat money system and thus the end of the welfare-warfare state.

The only way to minimize the coming crisis is to begin immediately unwinding the current system. The first step is to end the lockdown and let businesses reopen and people go back to work. Congress must then begin challenging monetary policy by passing the Audit the Fed bill. Congress should also cut spending, starting with ending our hyper-interventionist foreign policy and bringing the troops home. Ending the welfare-warfare state and the fiat money system may cause some short-term pain, but that pain will be dwarfed by the long-term gains in liberty, peace, and prosperity.

 
• Category: Economics • Tags: Coronavirus, Federal Reserve, Government Debt 
🔊 Listen RSS

In my first week in the House of Representatives in 1976, I cast one of the two votes against legislation appropriating funds for a swine flu vaccination program. A swine flu outbreak was then dominating headlines, so most in DC were frantic to “do something” about the virus.

Unfortunately, the hastily developed and rushed-into-production swine flu vaccine was not only ineffective, it was dangerous. Approximately 50 people who received the vaccine subsequently contracted Guillain-Barré syndrome, a potentially fatal form of paralysis. According to an expert with the Centers for Disease Control, the incidence of Guillain-Barré was four times higher among those who received the swine flu vaccine than in the general population.

That sad history may soon repeat itself. Right now, governments and private industries are working to rapidly develop and deploy a coronavirus vaccine. Microsoft founder Bill Gates, who is a major funder of these efforts, has suggested everyone who receives a vaccine be issued a “digital certificate” proving he has been vaccinated. Dr. Anthony Fauci, whose record of wrong predictions makes him the Bill Kristol of epidemiology, also wants individuals to carry some proof they have been vaccinated.

Another authoritarian proposal floated to deal with coronavirus is to force everyone to download a phone app that will track their movements. This would allow government officials to identify those who may have been near anyone who may have had coronavirus. Such mandatory “contact tracing” is an assault on our privacy and liberty.

Vaccines can improve health. For example, vaccines helped reduce the incidence of diseases like polio. But not all vaccines are safe and effective for all people. Furthermore, certain modern practices, such as giving infants multiple vaccines at one time, may cause health problems. The fact that vaccines may benefit some people, or even most people, does not justify government forcing individuals to be vaccinated. It also does not justify vaccinating children against their parents’ wishes. And it certainly does not justify keeping individuals and families in involuntary quarantine because they do not have “digital certificates” proving they have had their shots.

If government can force individuals to receive medical treatment against their will, then there is no reason why government cannot force individuals to buy medical insurance, prohibit them from owning firearms, dictate their terms of employment, and prevent them from taking arguably harmful actions like smoking marijuana or drinking raw milk. Similarly, if government can override parents’ wishes regarding medical treatment for their children, then there is no reason why government cannot usurp parental authority in other areas, such as education.

Proponents of mandatory vaccines and enhanced surveillance are trying to blackmail the American people by arguing that the lockdown cannot end unless we create a healthcare surveillance state and make vaccination mandatory. The growing number of Americans who are tired of not being able to go to work, school, or church, or even to take their children to a park because of government mandates should reject this “deal.” Instead, they should demand an immediate end to the lockdowns and the restoration of individual responsibility for deciding how best to protect their health.

 
• Category: Ideology • Tags: Coronavirus, Government Surveillance 
🔊 Listen RSS

According to a story in Politico, the White House Coronavirus Task Force is considering creating a national surveillance system to track Americans’ health information. Supporters of this initiative claim it would enable the federal government to quickly identify areas in need of additional medical supplies and other assistance because the areas are coronavirus “hot spots.”

Of course, it is unlikely that this system would be limited to only tracking coronavirus patients. The government may eventually keep track of every hospital admission — or even all visits to doctors’ offices — in the United States. This system could, and likely would, be used to violate privacy and harass and intimidate those challenging existing government policies. Anyone who doubts this should ask themselves what J. Edgar Hoover or Lois Lerner would have done with access to every American’s medical history. No wonder some have described this as a healthcare PATRIOT Act.

Despite official denial that the White House is considering a new tracking program, the coronavirus panic may be used to justify giving the federal government access to our medical records.

Politicians, bureaucrats, and special interests have for years been trying to create a database of all Americans’ medical records that could be accessed by federal bureaucrats and government-favored special interests. The 2008 “stimulus” bill included federal funding to develop a system to store healthcare records electronically. This was a step toward creating a federally controlled database of all Americans’ healthcare records.

A major part of the plan to give government access to and control of our medical records is assigning every American a “unique patient identifier.” Fortunately, in 1998 an appropriations “rider” I drafted forbidding the use of federal funds to develop a unique patient identifier passed Congress and has been renewed ever since. However, last year the House of Representative voted to lift the prohibition. After my Campaign for Liberty and other health freedom advocates pressured Congress, the funding ban was restored. Those favoring this Orwellian scheme will no doubt use the coronavirus panic as an excuse to seek to repeal the funding ban.

The same law that sought to create the uniform patient identifier also authorized creation of misnamed federal medical privacy regulations that allow government officials and certain private interests to access medical records without patients’ consent.

Federally mandated healthcare IDs and databases will weaken healthcare. Patients must provide details regarding their personal lives and habits so their physicians can make diagnoses. How comfortable would people be sharing this information if they knew it would be stored in a federal “health tracking” database?

Bill Gates has suggested that when a coronavirus vaccine is developed individuals should be issued digital certificates proving they received the vaccine. Similarly, coronavirus fearmonger-in-chief Dr. Anthony Fauci has floated the idea that Americans who have been vaccinated for coronavirus or have in the past contracted the virus be issued “coronavirus immunity cards.”

Implementing Gates’ or Fauci’s suggestions could lead to people being forced to receive a coronavirus vaccine or suffer legal penalties. The power to force individuals to receive medical treatment would likely be expanded to apply to other communicable diseases as well as behaviors and conditions such as smoking or obesity. Those who value liberty must do all they can to ensure authoritarians like Gates and Fauci do not make respect for our right to control our healthcare a casualty of the coronavirus panic.

 
🔊 Listen RSS
For many millions of Christians, Easter is a time to celebrate the resurrection of Jesus Christ. Others may celebrate the arrival of spring and the promise of new life. Whatever one’s beliefs, after several weeks of mandatory “stay at home” orders and the complete shutdown of the US economy over the coronavirus, this self-destructive hysteria must end and we must reclaim the freedom and liberty that has provided us so much opportunity as Americans.

To do that we should first understand that much of the hysteria is being generated by a mainstream media that has long prioritized sensationalism over investigating and reporting the truth. Government bureaucrats are also exaggerating the threat of this virus and appear to be enjoying the power and control that fearful people are willingly handing over to them. One “coronavirus” bureaucrat even told us that we can no longer go to the grocery store! So we should just starve?

It is certainly possible to believe that this virus can be dangerous while at the same time pointing out that radical steps are being taken in our society – stay-at-home orders, introduction of de facto martial law, etc. – with very little knowledge of just how deadly is this disease.

On March 24th, the CDC issued an alert stating that doctors should classify “probable COVID-19” or “likely COVID-19” as Covid-19 deaths. Perhaps that explains the seeming drop-off of pneumonia deaths this year and the simultaneous spike in Covid-19 deaths as some researchers have reported.

The BBC reported last week that, “At present in the US, any death of a Covid-19 patient, no matter what the physician believes to be the direct cause, is counted for public reporting as a Covid-19 death.”

Does that sound like a scientifically sound way of determining how deadly Covid-19 really is?

What is most dangerous is that although this virus will eventually disappear, the assault on our civil liberties is not likely to be reversed. From this point on, whenever local officials, county officials, state governors, or federal bureaucrats decide there is sufficient reason to suspend the Constitution they will not hesitate to do so. Anyone who challenges the suspension of the Constitution “for our own good” will be labeled “unpatriotic” and perhaps even reported to the authorities. We have already seen hotlines springing up across the country for Americans to report other Americans who dare venture outside to enjoy the sun and build up their vitamin D protection against the coronavirus.

The government is justified in cancelling the Constitution, we are told, because we are in an emergency situation caused by the Covid-19 virus. But do people forget that the Constitution itself was written and adopted while we were in an “emergency situation”?

Did the framers of the Constitution fail to add an 11th Amendment to the Bill of Rights saying, “oh by the way, none of this counts if we get sick”? Of course not! Those who wrote our Constitution understood that these rights are not granted by the government, but rather by our Creator. Thus it was never a question as to when or under what conditions they could be suspended: the government had no authority to suspend them at all because it did not grant them in the first place.

Our country is far less at risk from the coronavirus than it is from the thousands of small and large authoritarians who have suddenly flexed their muscles across the country. President Trump would do well to end this ridiculous shutdown so that Americans can get on with their lives and get back to work.

Americans should remember the tyrants who locked them down next time they go to the ballot box. Let’s demand an end to the shutdown so we can resurrect our economy, our lives, and our liberties!
 
• Category: Ideology • Tags: Coronavirus 
🔊 Listen RSS

September 17, 2019 was a significant day in American economic history. On that day, the New York Federal Reserve began emergency cash infusions into the repurchasing (repo) market. This is the market banks use to make short-term loans to each other. The New York Fed acted after interest rates in the repo market rose to almost 10 percent, well above the Fed’s target rate.

The New York Fed claimed its intervention was a temporary measure, but it has not stopped pumping money into the repo market since September. Also, the Federal Reserve has been expanding its balance sheet since September. Investment advisor Michael Pento called the balance sheet expansion quantitative easing (QE) “on steroids.”

I mention these interventions to show that the Fed was taking extraordinary measures to prop up the economy months before anyone in China showed the first symptoms of coronavirus.

Now the Fed is using the historic stock market downturn and the (hopefully) temporary closure of businesses in the coronavirus panic to dramatically increase its interventions in the economy. Not only has the Fed increased the amount it is pumping into the repo market, it is purchasing unlimited amounts of Treasury securities and mortgage-backed securities. This was welcome news to Congress and the president, as it came as they were working on setting up trillions of dollars in spending in coronavirus aid/economic stimulus bills.

This month the Fed announced it would start purchasing municipal bonds, thus ensuring the state and local government debt bubble will keep growing for a few more months.

The Fed has also created three new loan facilities to provide hundreds of billions of dollars in credit to businesses. Federal Reserve Chairman Jerome Powell has stated that the Fed will lend out as much as it takes to revive the economy.

The Fed is also reducing interest rates to zero. We likely already have negative real interest rates because of inflation. Negative real interest rates are a tax on savings and thus lead to a lack of private funds available for investment, giving the Fed another excuse to expand its lending activities.

The Fed’s actions may appear to mitigate some of the damage of the coronavirus panic. However, by flooding the economy with new money, expanding asset purchases, and facilitating Congress and the president’s spending sprees, the Fed is exacerbating America’s long-term economic problems.

The Federal Reserve is unlikely to end these emergency measures after the government declares it is safe to resume normal life. Consumers, businesses, and (especially) the federal government are so addicted to low interest rates, quantitative easing, and other Federal Reserve interventions that any effort by the Fed to allow rates to rise or to stop creating new money will cause a severe recession.

Eventually the Federal Reserve-created consumer, business, and government debt bubbles will explode, leading to a major crisis that will dwarf the current coronavirus shutdown. The silver lining is that this next crisis could finally demolish the Keynesian welfare-warfare state and the fiat money system.

The Federal Reserve’s unprecedented interventions in the marketplace make it more urgent than ever that Congress pass, and President Trump sign, the Audit the Fed bill. This would finally allow the American people to learn the truth about the Fed’s conduct of monetary policy. Audit the Fed is a step toward restoring health to our economic system by ending the fiat money pandemic that facilitates the welfare-warfare state and the unstable, debt-based economy.

 
• Category: Ideology • Tags: Coronavirus, Federal Reserve, Wall Street 
🔊 Listen RSS

Last Monday, a bipartisan group of Senators and a coalition including libertarian and progressive activists thwarted a scheme to ram through the Senate legislation renewing three provisions of the USA FREEDOM Act (previously known as the USA PATRIOT Act). The bill had already been rushed through the House of Representatives, and most expected it to sail through the Senate. But, instead, Senate leadership had to settle for a 77-day extension.

Senate leadership was also forced to allow consideration of several amendments at a later date. Included is Sen. Rand Paul’s amendment that would forbid the FISA court from issuing warrants targeting American citizens.

Deep state supporters claim the expiring business records provision (which authorizes the collection of our communications and was at the center of Edward Snowden’s 2013 revelations), lone wolf provision (which allows government to subject an individual with no known ties to terrorists to warrantless surveillance), and roving wiretaps provision (which allows government to monitor communications on any device that may be used by a targeted individual) are necessary to keep Americans safe. But, since Congress first passed the PATRIOT Act almost 20 years ago, mass surveillance, warrantless wiretapping, and bulk data collection have not stopped a single terrorist attack.

The legislation does have “reforms” aimed at protecting civil liberties, but these new protections contain loopholes that render the protections meaningless. For example, the bill requires those targeted for surveillance to be notified that the government spied on them. However, this requirement can be waived if the government simply claims — not proves but just clams — that notifying the target would harm “national security.”

The notice provision also only applies to the target of an investigations. So, if you were caught up in a federal investigation because a coworker is being targeted and you shared an office computer, or if a store clerk reported to the government you and others bought pressure cookers, the government could collect your phone records, texts, and social media posts without giving you the chance to challenge the government’s actions.

The bill also makes some reforms to the special FISA court, which serves as a rubber stamp for the intelligence community. These reforms are mainly aimed at protecting political campaigns and candidates. They would not stop the FISA court from rubber-stamping surveillance on organizations that oppose the welfare-warfare-surveillance-fiat money status quo.

Anything limiting warrantless wiretapping and mass surveillance should be supported. However, nothing short of repeal of the USA FREEDOM Act will restore respect for our right to live our lives free of the fear that Big Brother is watching. The path to liberty, peace, and prosperity starts with eliminating all unconstitutional laws and returning to a system of limited government, free markets, individual liberty, sound money, and a foreign policy that seeks peaceful commerce and friendship with all instead of seeking new monsters to destroy.

 
• Category: Ideology • Tags: FISA, Government Surveillance 
🔊 Listen RSS

Governments love crises because when the people are fearful they are more willing to give up freedoms for promises that the government will take care of them. After 9/11, for example, Americans accepted the near-total destruction of their civil liberties in the PATRIOT Act’s hollow promises of security.

It is ironic to see the same Democrats who tried to impeach President Trump last month for abuse of power demanding that the Administration grab more power and authority in the name of fighting a virus that thus far has killed less than 100 Americans.

Declaring a pandemic emergency on Friday, President Trump now claims the power to quarantine individuals suspected of being infected by the virus and, as Politico writes, “stop and seize any plane, train or automobile to stymie the spread of contagious disease.” He can even call out the military to cordon off a US city or state.

State and local authoritarians love panic as well. The mayor of Champaign, Illinois, signed an executive order declaring the power to ban the sale of guns and alcohol and cut off gas, water, or electricity to any citizen. The governor of Ohio just essentially closed his entire state.

The chief fearmonger of the Trump Administration is without a doubt Anthony Fauci, head of the National Institute of Allergy and Infectious Diseases at the National Institutes of Health. Fauci is all over the media, serving up outright falsehoods to stir up even more panic. He testified to Congress that the death rate for the coronavirus is ten times that of the seasonal flu, a claim without any scientific basis.

On Face the Nation, Fauci did his best to further damage an already tanking economy by stating, “Right now, personally, myself, I wouldn’t go to a restaurant.” He has pushed for closing the entire country down for 14 days.

Over what? A virus that has thus far killed just over 5,000 worldwide and less than 100 in the United States? By contrast, tuberculosis, an old disease not much discussed these days, killed nearly 1.6 million people in 2017. Where’s the panic over this?

If anything, what people like Fauci and the other fearmongers are demanding will likely make the disease worse. The martial law they dream about will leave people hunkered down inside their homes instead of going outdoors or to the beach where the sunshine and fresh air would help boost immunity. The panic produced by these fearmongers is likely helping spread the disease, as massive crowds rush into Walmart and Costco for that last roll of toilet paper.

The madness over the coronavirus is not limited to politicians and the medical community. The head of the neoconservative Atlantic Council wrote an editorial this week urging NATO to pass an Article 5 declaration of war against the COVID-19 virus! Are they going to send in tanks and drones to wipe out these microscopic enemies?

People should ask themselves whether this coronavirus “pandemic” could be a big hoax, with the actual danger of the disease massively exaggerated by those who seek to profit – financially or politically – from the ensuing panic.

That is not to say the disease is harmless. Without question people will die from coronavirus. Those in vulnerable categories should take precautions to limit their risk of exposure. But we have seen this movie before. Government over-hypes a threat as an excuse to grab more of our freedoms. When the “threat” is over, however, they never give us our freedoms back.

 
🔊 Listen RSS

Last week, the Federal Reserve responded to Wall Street’s coronavirus panic with an “emergency” interest rate cut. This emergency cut failed to revive the stock market, leading to predictions that the Fed will again cut rates later this month.

More rate cuts would drive interest rates to near, or even below, zero. Lowering interest rates punishes people for saving, thus encouraging consumers and businesses to spend every penny they make. This may give the economy a short-term boost. But, it inhibits long-term economic growth by depleting the savings necessary for investments in businesses and jobs. The result of this policy will be more pressure on the Fed to indefinitely maintain low interest rates and on the Congress and president to create another explosion of government “stimulus” spending.

Boston Federal Reserve President Eric Rosengren has suggested that Congress allow the Federal Reserve to add assets of private companies to the Fed’s already large balance sheet. Allowing the central bank to buy assets of, and thus assume a partial ownership interest in, private companies would give the Federal Reserve even greater influence over the economy. It could also allow the Fed to advance a political agenda by, for example, favoring investment in “green energy” companies over other companies or refusing to purchase assets of retailers who sell firearms or tobacco products.

Mr. Rosengren’s proposal to allow the central bank to “invest,” in private companies seems like something one would hear from democratic socialists like Senator Bernie Sanders. This is not surprising since the entire Federal Reserve system is a textbook example of socialism.

The essence of socialist economics is government allocation of resources either by seizing direct control of the “means of production” or by setting prices business can charge. Federal Reserve manipulation of interest rates is an attempt to set the price of money. Federal Reserve attempts to set interest rates distort the signals sent by the rates to investors and business. This results in a Fed-created boom, which is inevitably followed by a Fed-created bust.

Economic elites benefit when the Federal Reserve pumps new money into the economy because they have access to the money created before there are widespread price increases. Artificially low interest rates also facilitate the growth of the welfare-warfare state.

The Federal Reserve’s inflationary policies harm the average American by eroding the dollar’s purchasing power. This forces consumers to rely on credit cards and other forms of debt to maintain their standard of living. Many Americans are unable to afford their own homes because they are saddled with student loan debt that can even exceed their income.

Since the bailouts of 2008, there has been a growing understanding that the current system is rigged in favor of the elites and against the average American. Unfortunately, popular confusion of our system of Keynesian neoliberalism with a free-market economy, combined with a widespread entitlement mentality, has led many Americans to support increasing government control of our economy.

The key to beating back the rising support for socialism on both the left and right is helping more people understand that big government and central banking are the cause of their problems and that free markets in all areas — and especially in money — is the solution. It is important that the liberty movement put pressure on Congress to cut spending and rein in or, better yet, end the Fed.

 
• Category: Ideology • Tags: Banking System, Federal Reserve, Socialism