Posted tagged ‘Bitcoin’

Must Reads For The Week 1/9/16

January 9, 2016


Keynesian Economics 101, (In Four Simple Lessons), at Print and spend money to stimulate the economy.

The Government Must Stop Printing Phoney Money, by Richard Ebeling, at This is an in-depth article about the Government electronically printing counterfeit money. Trying to take away the States monopoly on money printing through the political process is a daunting task. Put your thinking cap on for this one.

The Rise Of Independent (non-state) Crypto-Currencies, by Charles Hugh Smith, at This is how the States money printing monopoly will be taken down. When I first heard of Bitcoin, my first thought was Bitcoin, or some other crypto-currency, could lead to money being restored as a product of the free market. The States monopoly of money printing could be broken just like the taxi cartels monopoly was broken by an app on a phone (Uber).

Are We Headed For Another Bust?, by Frank Shostak, at The Feds intervention in the free market by its policy of below market interest rates and electronically printing counterfeit money will eventually be corrected by economic forces that are always in play. The bust is correcting the Fed induced boom.


The Constitution, The President, And Guns, by Andrew P. Nepolitano, at The opposition party hasn’t stood up to the power grabs by our President over the last 7 years. Why would anyone think the Presidents last year in office won’t be like the last 7 years on steroids?

Obama’s Gun Control Order: Dictatorial And It Won’t Work, by John Lott, at I’d have more respect for the President if he would just come out and say he wants to repeal the second amendment.

Chart Of The Day: More Guns Less Gun Violence Between 1993 And 2013, by Mark J. Perry, at carpediemblog. Data shows that gun violence has gone down as firearm ownership has increased. Causation or correlation?

Showman And Chief, by Thomas Sowell, at Thomas Sowell looks at the political theater of the Presidents press conference concerning gun control.

President Obama Tears Up While Discussing His Action To Curb Gun Violence. If you read the article by Thomas Sowell above: you have to ask yourself if the tears are real or just part of the show?

Just remember the Presidents standard operating proceedure: “You Never Let A Serious Crisis Go To Waste“.


Hillary Can’t Explain The Difference Between Democrats And Socialists.

Let me see if I can help. A Democrat is a socialist who won’t admit it. She said she’s a “progressive” Democrat. A progressive Democrat, or a progressive Republican, is socialist central planner.

Dexter Manley Has Some Thoughts About Black Quarterbacks.

A couple of observations.  1) Watch the white guy in the video. He knows this is funny but he tries to hide his laughter by putting his head down. 2) Dexter Manley apologized for saying this. Are we so worried about offending people that we can’t even make jokes about ourselves or laugh at jokes like these. Isn’t it about time to drive a stake through the heart of political correctness?







Must Reads For The Week 2/21/15

February 21, 2015
The pen is mightier than the sword...

 The pen is mightier than the sword… (Photo credit: mbshane)

What Are The College Degrees That Are Worth More Than Decades Of Job Experience, at Think twice before you go into debt for a college degree that won’t land you a job that pays enough to service that debt.

The Crony College Text Book Sector, at College students are paying through the nose for text books, on top of what they are accumulating in debt for being indoctrinated while in College.

BIZARRE: Government Panel Says Consider Planet Before You Eat, at When will this “recommendation” by the Department Of Health And Human Services and the Agriculture Department become a “mandate” backed by government force? The global warming hoax along with Obamacare have opened the door for bureaucratic totalitarians to tell you what you can and can’t eat.

Federal Reserve Economist Calls For Government E-Currency To Replace Bitcoin, at Two excerpts from the article. “If the government attempts to takeover the e-currency space, tracking of individuals via their money trails will reach spectacular new levels of intrusion.” and “Always keep in mind the Swiss proverb: “Gold has no smell.” It means it can’t be tracked. It is the ultimate libertarian currency (along with silver) and a great alternative to government created money. That’s why governments hate it.”

Leading Anti-Gun Attorney Arrested After Airport Security Found Hand Gun In Carry On, by John Lott, at Do as I say not as I do.

Always Keep Your Eye On Production, by Bryan Caplin, at Production comes before consumption. You can’t consume something that has yet to be produced. No amount of money printing can change this reality.

How To Teach Kids About Socialism, by Pedro Gonzales, at This is a great way to show them about how intrusive government truly is.

Secret Stash Of Moon Artifacts Found Hidden In Neil Armstrong’s Closet, by Jesus Diaz, at I was so into the Apollo moon landings when I was growing up, I had to post this. The video below of  Edwin “Buzz” Aldrin, who walked on the moon with Armstrong on the Apollo 11 mission, punching a guy who is bothering him about the moon landings being faked is priceless. The video is longer than what is shown below. I liked seeing a 70 something year old guy playing by a set of rules that the other guy really didn’t understand.




Must Reads For The Week 3/8/14

March 8, 2014
The pen is mightier than the sword...

The pen is mightier than the sword… (Photo credit: mbshane)

By Increasing The Minimum Wage, Will We See An Increase In Labor- Saving Technology Like This, by Mark J. Perry, at Do politicians realize their policies hurt the very people they intend to help.

Two Unrelated (?) Videos, at We have moved so far away from individual freedom and much closer to Government control in the last 50 plus years. These videos are just a reminder.

Georgia Residence Threatened With $1000 Fine For Renting Out Rooms To Tourists, by Kristin Tate, at News like this makes me pessimistic about keeping our freedom.

Oklahoma Legislatures Vote To Nullify Agenda 21, by Michael Lotfi, at News like this makes me optimistic about keeping our freedom. It’s a roller coaster ride everyday.

Fed’s Fisher Admits Stocks Are At “Eye Popping Levels”, at In a speech in Mexico City, Dallas Fed President Richard Fisher said, “he was concerned about “eye-popping levels” of some stock market metrics”, warning that “…the Fed must monitor the signs carefully to ensure bubbles were not forming.” He’s worried about bubbles forming! Doesn’t he see that a stock market bubble not only has formed, but is being blown up every month when the Fed electronically prints roughly 80 billion counterfeit dollars.

JP Morgan’s Biggest Concern Is That Bitcoin Will Succeed, by JP Morgan CIO Michael Cembalest, at Excerpt from the article, ” …my biggest concern is not that Bitcoin will fail, but that it or one of its many virtual currency competitors will one day succeed……In the extreme, Bitcoin may lead to economic activity moving from the regulated economy to the underground shadow economy.” The Government and businesses like JP Morgan benefit from the Federal Reserves monopoly on money printing.  A virtual currency would shrink Government and force crony capitalists like  JP Morgan to compete in a free market. It’s no wonder they are both trying to torpedo virtual currencies like Bitcoin.

It’s Official: New School Lunch Rules Get A Grade Of F-, by Shifra, at Government makes rules, and individuals don’t comply. Related article, Healthy, Hunger-Free Kids Act, Doesn’t Work As Planners Planned, by

Teacher Follows All The Rules, And Student Gets Frostbite, by Alain 41, at This can’t be true can it? These teachers decided this student wasn’t as important as what would happen to them if they got caught breaking a rule. The teachers acted in their own self interest, or in the words of President Obama, these teachers “acted stupidly”.

Video Of Eight year Old Son of Fallen Soldier Goes Viral, by oualdeaux, at Lets end with this.

Must Reads For The Week 11/9/13

November 9, 2013
The pen is mightier than the sword...

The pen is mightier than the sword… (Photo credit: mbshane)

Feds Threaten To Prosecute Merchant For Selling “Department Of Homeland Stupidity, at The bureaucratic state thinks it should be admired instead of ridiculed.

Who’d a-thunk it? ‘Cash For Clunkers’ was an epic failure in Keynesian Style Stimulus..., by Mark J. Perry, at The only way to determine if vehicles have outlived their usefulness is if they can’t be sold for more than scrap. Cash for clunkers is a version of the broken window fallacy.

Is This Why Bitcoin Is Surging?, at Excerpt from the article, “So why is bitcoin seemingly minted on Teflon?  Limited supply….  There will never be more than 21 million bitcoins, and there are only 12.0 million currently.  In the 4-ish minutes it has taken you to read this far, the most new bitcoins that might have been issued is 25, or $6,250.  In the same timeframe, the Federal Reserve has pushed another $7.8 million into the financial system with Quantitative Easing.

“If You Like Your Healthcare Plan, You Can Keep It”, at Video of the President peddling snake oil.

Big Unions May Get Their Obamacare Exemption After All, by Micheal Lotfi, at The makers of the laws and their friends don’t have to abide by the same rules that we serfs have to abide by. That’s not quite the definition of equal protection under the law.

Freedom: Along With booming Oil And Gas Business, The IT Sector Is Another bright Spot In The Subpar  Obama Economy, by Mark J. Perry, at Excerpt from the article, “The serendipitous, experimental search for a business model is a great advantage that the free marketplace enjoys over centrally planned socialism or crony capitalism…..Presuming to know what is good for customers, regardless of their personal preferences, is how you end up with ObamaCare.”

Jury Duty Gives Us Power To Decide The Law, by Jonathan Carp, at We have to use the tools available to fight back against tyrannical Government.

No Child Allowed Ahead- It Might Damage The Self Esteem Of The Dumbasses, by Fred Reed, at A theory of why we have a low T society. Buckle your seat belt for this one.

Watch this insane dunk by a  junior college basketball player here, and this violent college football collision here. Listen to the oohs of the crowd in both videos.

Must Reads For The Week 10/26/13

October 26, 2013
The pen is mightier than the sword...

The pen is mightier than the sword… (Photo credit: mbshane)

Yale Professor Surprised: Tea Party Supporters More Scientifically Literate, by Kyle Becker, at From the article, “…all my impressions come from watching cable tv…..and reading the paper…I’m a little embarrassed, but glad…I no longer hold this particular mistaken view.”

Obamacare Tech Firm (CGI) Tried, Failed To Build Gun Registry In Canada, by Joel B. Pollak, at Does the choice of CGI to build the website tells us the administration is either less scientifically literate than the average person, corrupt, incompetent, or just unlucky?

Why The Fed Will NEVER End Quantitative Easing, by Patrick Barron, at An excellent one paragraph analysis of why the Fed can’t escape the Groundhog Day movie it created for itself.

Alan Greenspan Warns Of Double Digit Price Inflation, at Former fed chairman warns, “the feds balance sheet expansion may unleash inflation.” A moment of candor from an insider.

With Debt Ceiling Lifted, Federal Government Resumes Borrowing Spree, by J. D. Tuccille, at The “kick the can” debt ceiling deal, allows the U. S. Treasury to borrow as much as it wants until February 7th 2014. I Guess this shows how serious “socialists of both parties” are about controlling spending.

Debt Limit: A Guide To American Debt Limit Made Easy, youtube video. I found this at Carpe Deim Blog, This is a short video that puts the Governments debt problem in perspective.

The Diverse Beer Economy As An Ecosystem, by Mark J. Perry, at Carpe Deim Blog. Explains how brewpubs and microbreweries are finding a niche market among all the big beer makers.

Higher Education: The Conventional Wisdom Is Wrong, by George Leef, at Here’s the money quote, “….for many students, their K-12 years leave them pitiably unprepared, both for post-secondary education and the world of work.”  And this, “Any increase in college enrollment will overwhelmingly come from such academically marginal students.”

How Bitcoin Will Be Neutralized By The Government, at The Gov. will do anything to protect its monopoly on money creation.

Must Reads For The Week 8/10/13

August 10, 2013
The pen is mightier than the sword...

The pen is mightier than the sword… (Photo credit: mbshane)

D.C. Insider On The Terrorists Alerts, at People are beginning to have less and less trust in what Government says. This is a good thing for the future of individual liberty.

George Carlin on Arrogance of Mankind, at Kids Prefer Cheese, I’ve always loved this routine. I have a question. If we evolved like every other creature, isn’t whatever each of us does, no matter how bad it is judged to be by “environmentalist”, a natural part of the evolutionary process of the planet, and therefore should not be stopped, but accepted as natural?

Declare Detroit A Free City, by Patrick Barron, at Lets try free market principles for a change and see what would happen in Detroit.

Obama’s False History Of Public Investment, by Schweikart and Folsom, at Infrastructure spending by Government isn’t the economic boom it’s cracked up to be. Infrastructure used to be built with private money.

Picturing The Plunge In Gun Crimes (As Gun Sales Surge), at Not much else needs to be said.

Education Spending Soars, Test Scores Stagnate, by Deroy Murdock, at The typical response by the left would be, “just think how much lower test scores would be if we hadn’t spent all that money”.

John Stossel – Currency Devaluation & Bitcoin, video, at Governments have destroyed economies by debasing their currencies . Bitcoin is a free market currency that can’t be debased by Government.

Bitcoin = The Unstoppable Ingenuity Of Individuals

July 30, 2013

Bitcoin Accepted Here [by freeborn]

Bitcoin Accepted Here [by freeborn] (Photo credit: Adam Crowe)

We have talked about the Bitcoin phenomenon a couple of times here. I have said in this post, Let’s Take A Look At Bit Coin, “The reason I like the discussion about bitcoin: it is an opportunity to get people to think about what money is, how it evolved through the barter system, what is a gold standard, what is paper money, why the Federal Reserve’s monopoly on printing money is a bad thing, and could bitcoin (or some other not yet thought of idea) evolve into the medium of exchange not controlled by Government?” I would like to add that another reason I like bitcoin is because it represents the spirit of 1776. It’s the unstoppable dynamism that occurs when individuals use their inventiveness, curiosity, and thirst for freedom to get around Government planners plans. The free market is an unstoppable force (more…)

Must Reads For The Week 6/01/13.

June 1, 2013
The pen is mightier than the sword...

The pen is mightier than the sword… (Photo credit: mbshane)

The Bullying Pulpit, by Thomas Sowell, at Government bureaucrats and politicians try to bully and intimidate citizens who challenge the central planning orthodoxy.

Durbin Not Sure If Bloggers Deserve Constitutional Protection, by Warner Todd Huston, at Even if  Dick Durbin doesn’t think a blogger is a journalist, I would hope he thinks that a blogger still has a constitutional right to free speech.

Real Health Reform: Doctor Stops Accepting Insurance, Able To Cut Prices By Fifty Percent, at Allowing  the buyer and seller to exchange without a third-party involved in the decision-making, creates the optimum result for everybody, except the third-party planner.

High School Teacher Faces Discipline For Informing Students About Their Rights, by Jacob Sullum, at Should the lawyer who advised Lois Lerner to plead the fifth  face disciplinary action?

What The Syrian Civil War Is Really All About,by Peter Nealen, at The guys at sofrep always give you the unvarnished truth. Excerpt from the article, The war isn’t between Assad and a bunch of democracy-loving rebels. It’s between…those who espouse a strict militant form of Shi’a Islam…and those who desire a strict militant form of Sunni Islam….

Senate Banking Committee Staff Monitoring Bitcoin, at Government and bureaucracies will always try to stop anyone or any idea that threatens their power. The IRS bullying tactics reveals the standard operating  procedure by the anointed. I guess bullying is only cool when they do it.

David Stockman: “The Error Of Central Banking Has Become Universal” , at Stockman interviewed by Rick Santelli, here is a quote, “…today the market is entirely rigged…it’s not honest…” Stockman doesn’t pull any punches.

Let’s Take A Look At Bitcoin.

May 17, 2013
The bitcoin logo

The bitcoin logo (Photo credit: Wikipedia)


Bitcoin has been in the news lately for a variety of reasons. Many people have never heard of it, some have but don’t really understand what it is, and others understand what it is and are excited about its potential to become the medium of exchange. Simply put bitcoin has evolved spontaneously in the free market as an alternative to paper money. The two most important questions that have to be asked concerning bitcoin are, 1) can bitcoin become money (the medium of exchange), and 2) will Governments be able to shut down the process of bitcoin becoming money? (more…)