You are browsing the archive for 2013 March 15.

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Sen. Paul Introduces the Life at Conception Act

March 15, 2013 in Politics & Elections

WASHINGTON, D.C. – On Thursday, Sen. Paul introduced S.583, a bill that would implement equal protection under the 14th Amendment for the right to life of each born and unborn human. This legislation does not amend or interpret the Constitution, but simply relies on the 14th Amendment, which specifically authorizes Congress to enforce its provisions.
From Section 1 of the 14th Amendment:
‘No State shall make or enforce any law which shall abridge the privileges or immunities of citizens of the United States; nor shall any State deprive any person of life, liberty, or property, without due process of law; nor deny to any person within its jurisdiction the equal protection of the laws.’
‘The Life at Conception Act legislatively declares what most Americans believe and what science has long known- that human life begins at the moment of conception, and therefore is entitled to legal protection from that point forward,’ Sen. Paul said. ‘The right to life is guaranteed to all Americans in the Declaration of Independence and ensuring this is upheld is the Constitutional duty of all Members of Congress.’

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Source: RAND PAUL

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Sen. Paul Introduces Legislation to Protect Americans from Invasive Survey

March 15, 2013 in Politics & Elections

WASHINGTON, D.C. – On Tuesday, Sen. Paul introduced S.530, a bill that would make participation in the American Community Survey (ACS) voluntary. ACS is a separate survey from the decennial Census and unlike the Census, ACS is not required by the Constitution. This survey is sent to over 3 million Americans each year and includes questions about mental disabilities in your home, personal financial information, whether you have a toilet and what time you leave for and return from work each day. Currently, those who choose not to respond to the survey are threatened with a criminal penalty.
‘This bill seeks to protect citizens and addresses concerns about the level of personal information collected by the American Community Survey,’ Sen. Paul said. ‘By making this survey voluntary, people would have the opportunity to decide what, if any, information they share with the government.’

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Source: RAND PAUL

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“Austrian Economists” Tweeted to 6.3 Million People

March 15, 2013 in Economics

By Mises Updates

Someone who uses Twitter under the handle @Numba1TSwiftFan and goes by TaylorSwiftForeva is a fan of both Taylor Swift and Austrian economics. When big time celebrity blogger Perez Hilton tweeted “Taylor Swift keeps winning,” TSF responded, “Couldn’t agree more!She is being vindicated just like the Austrian economists.” Perez “retweeted” the response, putting it in the feeds of 6.3 million Twitter users. (Thanks to James Miller.)

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Source: MISES INSTITUTE

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Thinking, Fast and Slow: Perfect Title!

March 15, 2013 in Economics

By Mark Thornton

David Howden reviews Daniel Kahneman’s book /Thinking, Fast and Slow/. Kahneman won the Nobel Prize in Economics, but is a psychologist. Its a very interesting review and Howden shows us the weakness in Kahneman’s analysis.

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Source: MISES INSTITUTE

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Greenspan: No Irrational Exuberance Here

March 15, 2013 in Economics

By Christopher Westley

On Squawk Box:

Host:  The question of the morning:  Do you want to break out the phrase again, irrational exuberance?

Greenspan:  [Chuckling] No, I don’t think it’s quite appropriate in this type of environment.  In fact the basic way of looking at this degree of exuberance or non-exuberance is to take a look at what we call the equity premium, as you know it’s the extent of the measure that stocks are overvalued or undervalued, and right now by historical calculations we are significantly undervalued.  The reason why the stock market has not been significantly higher is there are other factors compressing it lower.  But irrational exuberance is the last term I would use to characterize what’s going on at the moment.

Host:  Is this a Fed-fuel rally?

Greenspan: I think you can fully explain the rally in terms basically of the issue of the removal of what economists call tail risk, that is, what has been sitting out there virtually most of this year, and part of last as well, has been the European problems which have every characteristic of caving in the economies of the world as a whole, and that has been temporarily removed.  The result is removing that key factor has allowed the markets to move up.  It’s not because earnings are moving all that well.  As you know, earnings or expectations at least have been flat or down awhile.  What it’s basically doing is the valuations structure [sic], and still has quite a way to go as far as I can see.

Investor Bill Miller:  Mr. Chairman, how well grounded is the housing rally?  Housing starts are approaching a million–what’s equilibrium in your view, and how far along are we in the housing cycle?

Greenspan:  Well, we’re I would say somewhere in the middle but we have a good way to go.  The data I look at  are essentially, well I should say, price is a critical issue.  Home prices are moving up and in fact they are moving up  a little bit faster than I think the data show largely because the data are delayed.   But the critical elements that determine whether market prices of homes are rising is essentially the issue of what is happening to home ownership.  The underlying demand for home ownership as you know has essentially gone down very sharply after the crisis, and … the latest data we currently have is that home ownerships …read more
Source: MISES INSTITUTE

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St. Patrick’s Day on History.com

March 15, 2013 in History

By History.com Staff Happy St. Patrick’s Day from the History.com team! We’ve got lots of great videos, articles, infographics and more to help you get into the holiday spirit. Check out the fun features below, and have a wonderful celebration this weekend! Bet You Didn’t Know: St. Patrick’s Day We bet you didn’t know where the first St. [...] …read more
Source: HISTORY

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The GOP on Foreign Policy: Rhetoric v. Reality

March 15, 2013 in Economics

As thousands of young true believers gather this weekend for the Conservative Political Action Conference (CPAC), the Republican Party and the broader conservative movement continue to operate on a fundamental contradiction. Despite their rhetoric, many supporters of limited-government still embrace unchecked government power in one respect: war. In a recent op-ed, Cato scholar Malou Innocent argues that a movement that opposes the leviathan state at home but empowers the government to centrally plan the world muddles its message and compromises its principles.

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Source: CATO HEADLINES