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Where is the outrage?
A couple of stories caught my eye over the weekend. The first was the one involving Bob Dylan being pulled over by a couple of young cops while taking a walk in a New Jersey neighborhood a few hours...
Go Barney Go!
Barney Frank, that conflicted anti-business Congressional crusader (see here and here) who is nevertheless challenging the federal government's ludicrous prohibition of internet gambling, has decided to introduce legislation to overturn the prohibition, and he thinks it has a chance of...
More costs of the new Prohibition
These earlier posts discuss the high cost of the government's prohibition of internet gambling, but this Sallie James/TCS Daily op-ed reports that those costs are about ready to go up another level entirely: On March 30, a World Trade Organization...
Making sense and not making sense
I thought I was entering some type of parallel-universe earlier today when I read who was taking the lead in proposing legislation to end the federal government's shameful prohibition of internet gambling: Rep. Barney Frank said on Thursday he will...
The new Prohibition run amok
I swear, you can't make this stuff up. A couple of weeks ago, the government was moving in on Wall Street in connection with its overwrought jihad on internet gambling interests. But now, Radley Balko notes that authorities are racheting...
Milton Friedman's introduction to economics
James Hamilton passes along Stanford University Professor John Taylor's touching tribute to Milton Friedman, which includes this anecdote about Friedman's participation in an entry level economics class: [Professor Friedman] was always willing to be a guest lecturer in my Economics...
More on the new Prohibition
On the heels of this post from last week, the Justice Department is now turning on Wall Street in connection with the federal government's jihad on internet gambling. We can now rest easier that the scoundrels who have been helped...
Your Congress and Justice Department at work
As noted earlier here, here and here, the federal govenment's crackdown on Internet gambling is a wasteful exercise in nanny-state futility. However, it also is damaging to foreign investment in American markets, which is also something that we should not...
Criminalizing the information markets
As noted earlier here, here and here, the federal govenment's crackdown on Internet gambling is a a wasteful exercise in nanny-state futility, but also damaging to important American markets. Following up on that theme, University of Texas finance professor Paul...
GOP cruising for a bruising?
I'm certainly no political prognosticator, but a couple of matters caught my eye over the past week or so that indicate to me that the Republican Party has become dangerously concerned with maintaining power rather than providing leadership. The first...
Sending bad messages
It's hard to imagine that the federal government could have sent worse signals to foreign investors in US markets and businesses than the ones that it sent over the past week. First, there was the latest news about the NatWest...
Do we really need this?
This NY Times article reports on the latest international reaction to the US Justice Department's over-the-top crackdown on internet gambling: The World Trade Organization set up a panel on Wednesday to investigate whether United States restrictions on Internet gambling comply...
More on the latest prosecutorial abuse
Following on the latest example of out-of-control federal prosecutors, Cato Institute's Radley Balko has the best line of the day in responding to one of the vapid rationalizations for Congress' jihad against online betting -- "we have to protect our...
How not to treat friends
First, federal prosecutors heavy-handed tactics generated a political firestorm with one of America's closest allies over the NatWest Three case. Now this: In a sharp escalation of their crackdown on Internet gambling, United States prosecutors said yesterday that they were...
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