Hope and Change, transformed to Held in Chains.

There are more blacks under correctional control today — in prison or jail, on probation or parole — than were enslaved in 1850, a decade before the Civil War began.

Thank you drug war.

Just as in the days of mongol raids, don't expect this to do much good.

Ugh. Uncle Sam wants digital WMDs, doesn't it.

And this is only on payouts to people who were already insured. There's already plenty more waste where that came from documented earlier.

Shocked, simply shocked

Dumbest kid in the mosque? Check.

Hey, we didn't get here first! WHAT ABOUT MY PILLAGE!?!?

Bounties of socialism.

Their other policies were implicitly "A bet on a higher Swiss/euro exchange rate" which "implies that the SNB will stop intervening." The Austrian analysis of Grant was quite sound.

Meanwhile, more FX firms are getting margin calls to the great beyond. The banks are also starting to feel the call of Kahless.

Also, muppets get crucified.

Wenzel has a good analysis of the situation here. Basically it comes down to the fact that currency interventions are a massive giveaway to FX traders; when it ends unexpectedly the cronies are unprepared. TIP: I'll bet all the SNB connected firms unwound their positions well in advance, and bought default swaps against everyone else.

That's hard! Let's go clubbing (we get up early to beat the crowds)

Thus it is that the survival of our nation above the level of a neo-Stalinist gulag zone is entirely dependent on our laws not actually being enforced.

All in all, it is a peculiarly American system that we have created, this constitutional police state.

You know, the Germans have to be thinking "With friends like these..."

Were I in Assad's shoes, it would make sense; but I suspect they could buy it from the Russians without difficulty right now. As such, I seriously doubt the veracity of this report. They've been dead wrong about middle eastern WMDs for years, I don't think they'll all the sudden have started using sound methodology when it comes to the latest boogeyman state.

Immigrant asylum seeker murdered due to moo-slim panic.

That fat idiot Karpeles? I know he's a conman, but he doesn't strike me as a guy who would write the kind of ancap stuff DPR was famous for.

My take: The Fibbies are idiots. They saw btc transactions going to gox wallets, ergo he must be the kingpin.

CPS must need some fresh meat over there. Yet another case where "concerned citizen" busybodies (read: snitches) ruin everything. At some point folks will realize that calling the gestapo on your neighbors isn't loving behavior.

Reminds me of some of the hedgies that saw the '08 derivatives apocalypse coming and made a killing shorting the TBTF losers.

In summary: his data is either bogus or coming from an undisclosed source. Yet another argument for open source scholarship; with things remaining proprietary, Piketty can weasel out of most of his criticisms with a bunch of appeals to authority and other dismissals.

Murphy notes correctly that apriorists' and dualists derision of positivist methodology does not equal "Hating Math".

Only a person with a complete misunderstanding about the nature of mathematics could come to such a conclusion; mathematics is on paper aprioristic, while in practice dualist. The statisticians lean more towards positivism, but must still rest upon the apriori axiomatic structure of logic, lest error creep in.

This positivist viewpoint is quite common with those who only took 'applied' mathematics, and have never written a proof in their life. Which is not surprising coming from an econometrician.

The lefty econometric types pooh-pooh it by adding the usual statistics caveats. Of course, this means they're in trouble since ABCT actually has an apriori theory as to *why* the data lines up in this way, whilst the lefties have nothing but their self-contradictory positivism. I suppose they'll never figure out that their errors are caused by lack of rigor in their epistemiology.

He suggests that the latest attack in France is more of the old GLADIO song and dance, which is no less plausible than the government's theory of what happened. As such, the neocons see another opportunity to get Rand to throw his pop under the bus; so they naturally want to exploit it to the fullest.

My take: RPI was smart to run the article. It brought them more traffic than ever.

An interesting perspective on command. Basically rate them based on whether their blunders could have gotten them killed. Those who survive despite that don't get higher ratings, but they seem to be treated well in histories, mostly due to it giving the appearance of big juju.

This time, in academic publishing.

Swiss abandon Euro peg in anticipation of QE ruination by super mario. The cramerites are screaming "YOU HAVE NO IDEA" already, so you know it's good.

BONUS: Russia ditches it's USD holdings. Good move, since it harms their strategic enemy (USA) with the inflation caused by said dollars' repatriation, and they can prop up their domestic interests in the short term through this liquidation. Means they're banking on a different reserve to be established in the medium term though; if they do gold, then I know they're ahead of the curve.

UPDATE: The margin call victims are starting to pile up.

Marries a 'bulldagger' lesbian, and is an anti-cop socialist. Must be tough.