An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
more like "refuses to recognize authority" period....Just like the people who think our govt institution has to borrow munnie in order to spend munnie... complete denial of authority... D-A-R-K....
If Trump or Sanders can't win in the political system by representing the oppressed, Bundy type activists will be further empowered. They might be worth supporting as they can threaten the two party government in Washington and demonstrate that the government can be defeated in areas where the government has little support from local populations that will harbor dissenters, which may help others rise up to begin to remove the two party government. The enemy of your enemy and all that.
Obviously, there is no constitutional authority for the Feds to create fiat money at all.
Article 1,""Section. 8. The Congress shall have Power.... To coin Money, regulate the Value thereof, and of foreign Coin,..."Leaves it ambiguous with the use of the metonym "money" so as to allow flexibility on what kind of "money" Congress chooses to coin and regulate the value thereof...Congress long infested with second rate libertarian humans who choose to operate it as if "borrowing" or "debt-based money" since we got out from under gold... which they can do but we could also direct issue "money" as well without the simultaneous issue of debt if we had a different Congress not comprised of second rate libertarian people....
Can a rural revolution inform city dwellers and suburbia?
But as Angry Bear pointed out, what Bundy SHOULD have been protesting was the control of the cattle market by just 4 corporations. Bundy SHOULD have been demanding more government intervention to regulate markets and break up monopolies. We don't need less government, we need more and better government.
After hundreds of years of rampant corruption in land use decisions out west, it would be silly for Bundy to expect suddenly the government would have 'found Jesus' and begin to enforce laws and deny corporate contol for the good of the public. Get real, Mr. Lynch. That's an absurd idea, our government has never acted to promote competition in land use. They promote productivity, and that usually means big business.
@Ryan, the "corruption" has been for the benefit of wealthy moochers like Bundy. I don't want government to promote competition in land use, I want them to promote the environment in land use. Cliven Bundy is opposed to promoting the environment in land use.
Environmental interests are usually what we are talking about, when we talk about corruption in the west. There isn't generally much mineral wealth except in very limited areas, so oil and gas and the usual bogeymen aren't the problem. The political will of the billionaire class in LA and San Fran are extreme environmental preservationists, and try to deny ANY use of federal lands in western states, except of course when they need water for themselves, then they portray farmers are "waste". Their ilk tend to be appointed to positions of power in the BLM, USDA and EPA and have a revolving door with universities and environmental lobbies. They've turned our national laboratories into quack factories. No amount of science, no compromises, no cost-benefit analysis or engineered solutions can be had with these folks. They are the largest corrupting influence and most rich and powerful lobby in the disputes. I think that is who is causing the ruckus with Cliven Bundy. The leftist media tries to divert focus from the root cause of the conflict, the ridiculously arbitrary Turtle preservation ruling, which is environmental and fails all measures of sensible land management practices, to focus on Bundy's refusal to follow the "law." The civil disobedience is the protest against the moneyed environmentalists that occupy government.
@Ryan, I can't help you with your anti-environment attitude. Have you been watching Fox News? Reading Alex Jones and Breitbart?Yes, there is a "solution" with "these folks." It's called "end welfare ranching on public lands."
In environmental policy, there are environmental conservatives, like John Muir, Sierra club, types that want to conserve nature, prevent development and oppose all use. On the other side, we have environmental progressives, like me, we support responsible use, use science and engineering to reduce pollution, and protect sensitive ecosystems and only support limited preservation for beauty, because 'natural' or NIMBY.
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