When evaluating claims of criminal activity, always look for a victim.

February 7, 2013

This image appeared on Progressive Libertarianism‘s facebook feed:

Flowchart for proper lawmaking.

Flowchart for proper lawmaking.

Drug possession and prostitution are well known forms of victimless crime. These are crimes only because they violate the black letter of the written law, not because they produce victims.

A substantial amount of white-collar, corporate crime is also victimless. Progressives who would turn us against corporations and capitalism will often submit for our consideration the large amounts of criminal convictions, fines, and settlements that corporations accumulate. This is to tarnish the corporations’ reputations by portraying them as serial criminals. The same progressives might also suggest that the fines are too low to deter further “corporate crime”. Whenever I hear such allegations, my first demand to learn the identity of at least one victim of the corporations’ actions. Often—not always, but often—no victim is to be found. Read the rest of this entry »


Links for March 15, 2011: Backlog O’Links #1

February 13, 2011
  • One way to stimulate an economy is to get your foot off of it’s neck.

  • It is a crime, work? So I guess I’m a criminal. It is a crime to be working. lol.

  • I’m glad this point of view is getting out there. On one hand, I can see how the gold standard would constrain a growing economy. On the other hand, no, I don’t trust those people with the printing press.

  • Read the rest of this entry »

  • Links for July 19, 2010: To Stimulate or Not To Stimulate; What Police Can Do; much, much more….

    July 18, 2010

      Paul Krugman: Boost aggregate demand! Muahahaha!!!

    1. It’s good to hear Krugman speak and respond to questions. The thrust of this discussion is that the opposition to the stimulus is a visceral reaction, not an intelligent one. Although some guests early on questioned the empirical efficacy of the stimulus, we did really not hear from any Thomas E. Woodses or any Peter Schiffs who maintained, in quite an intellectual fashion, that the stimulus is simply bad economic policy. Krugman remarks toward the end that he doesn’t see stimulus jobs as “makework” jobs. I do not understand how this position can be honestly defended alongside the position that we now need government to “boost aggregate demand”, i.e. create demand where none existed before. What is the purpose of the stimulus if it is not to “make work”? If these were not “makework” jobs, we would do them anyway. We would not need an economic crisis as a pretense for passing $700 billion spending bills. For a response to the assertion that Roosevelt’s slashing of the deficits caused a recession in 1937, see this. For a response to the assertion that World War II spending lifted the U.S. economy out of the depression, listen here, starting at 32:17.  Read the rest of this entry »