Posted in Education, FDA, Government Regulations, Medical Costs, Patient Safety, Policy Issues, Technology, U.S. Security, Uncategorized

Is that a Centipede I See in My Capsule?? | MedPage Today

Eban: They knew I was coming. They had let me come in, but I saw a very different world within these plants through whistleblowers. I worked with a lot of whistleblowers who had contacted me — or I had made contact with them — who were showing me documents, showing me photographs, giving me really the sort of gory details of what was happening in these plants and the kinds of crazy decisions that were being made like failing drugs, drugs that had glass particles in them were being approved to be dispensed. Broken down, rusted equipment that was leaving metallic fragments in pills. Those were being dispensed.

Illicit use of ingredients. You can’t just swap ingredients. But they had drugs that were dissolving improperly, so they just haphazardly changed things up to try to get better data to show the FDA. All of this was taking place in a kind of lawless regulatory environment. They’re not afraid of their own regulators. They’re afraid of the FDA, but what they have built is an elaborate system to trick the FDA. Our FDA has all but volunteered to be tricked because we announce our inspections in advance overseas. We give 3 months’ notice. They send in data fabrication teams.

https://www.medpagetoday.com/podcasts/anamnesis/84501

Posted in Bailouts, Cost of labor, Economic Issues, Federal Reserve, Free-Market, government incompetence, Government Regulations, Government Stimulus, Interest on the Debt, Interest rate manipulation, National Debt, Policy Issues, Tax Policy, U.S. Security, Uncategorized, Unemployment

The Grumpy Economist: Volalitily, now the whole thing

WONK ALERT!

And now for the meaty post of the week! Seriously, this is a fantastic piece by The Grump Economist, John H. Cochrane, senior fellow at The Hoover Institute.

Here’s a sneak preview:

What’s causing the big drop in the stock market, and the bout of enormous volatility we’re seeing at the end of the year?

The biggest worry is that this is The Beginning of The End — a recession is on its way, with a consequent big stock market rout. Is this early 2008 all over again, a signal of the big drop to come?

Maybe. But maybe not. Maybe it’s 2010, 2011, 2016, or the greatest of all, 1987. “The stock market forecast 9 of the last 5 recessions,” Paul Samuelson once said, and rightly. The stock market does fall in recessions, but it also corrects occasionally during expansions. Each of these drops was accompanied by similar bouts of volatility. Each is likely a period in which people worried about a recession or crash to come, but in the end it did not come.

Still, is this at last the time? A few guideposts are handy.

https://johnhcochrane.blogspot.com/2019/01/volalitily-now-whole-thing.html

Posted in Free Society, Influence peddling, Liberty, Policy Issues, Rule of Law, U.S. Constitution, U.S. Security, Uncategorized

Your Right to Free Speech, Like My Right to Self-Defense, Isn’t Open to Debate – Reason.com

We really don’t consider our rights open to discussion. We don’t consider anybody’s rights open to discussion—not even when they’re exercising some rights to call for limiting others.

http://reason.com/archives/2018/03/14/your-right-to-free-speech-like-my-right?utm_medium=email

Posted in American Presidents, big government, Crony Capitalism, Economic Issues, Education, Foreign policy, Free Society, government incompetence, Government Regulations, Government Spending, Leadership, Liberty, Nation-Building, Policy Issues, Rule of Law, U.S. Constitution, U.S. Security, Uncategorized, War on Drugs

Why Libertarians Should Want *More* Trust in Government – Reason.com

Lessons from the data: Those peoples that trust their government, tend to have more economic liberty, which generally keeps gov’t size and power in check.

Source: Why Libertarians Should Want *More* Trust in Government – Reason.com

Posted in American Exceptionalism, American Independence, American Presidents, Education, Entitlements, Free Society, Policy Issues, Poverty, Rule of Law, U.S. Security, Uncategorized, Unemployment, Welfare State

Immigration Controversies – Thomas Sowell

Sowell
Thomas Sowell

Despite controversies that rage over immigration, it is hard to see how anyone could be either for or against immigrants in general.

Both in the present and in the past, some immigrant groups have made great contributions to American society, and others have contributed mainly to the welfare rolls and the prisons. Nor is this situation unique to the United States. The same has been true of Sweden and of other countries in Europe and elsewhere.

Sweden was, for a long time, one of the most ethnically homogeneous countries in the world. As of 1940, only about one percent of the Swedish population were immigrants. Even as the proportion of immigrants increased over the years, as late as 1970 90 percent of foreign-born persons in Sweden had been born in other Scandinavian countries or in Western Europe.

These immigrants were usually well-educated, and often had higher labor force participation rates and lower unemployment rates than the native Swedes. That all began to change as the growing number of immigrants came increasingly from the Middle East, with Iraqis becoming the largest immigrant group in Sweden.

This changing trend was accompanied by a sharply increased use of the government’s “social assistance” program, from 6 percent in the pre-1976 era to 41 percent in the 1996-1999 period. But, even in this later period, fewer than 7 percent of the immigrants from Scandinavia and Western Europe used “social assistance,” while 44 percent of the immigrants from the Middle East used that welfare state benefit.

Immigrants, who were by this time 16 percent of Sweden’s population, had become 51 percent of the long-term unemployed and 57 percent of the people receiving welfare payments. The proportion of foreigners in prison was 5 times their proportion in the population of the country.

Source: Immigration Controversies – Thomas Sowell

Posted in American Exceptionalism, American Presidents, big government, Crony Capitalism, Economic Issues, Foreign policy, Free Society, Free-Market, government incompetence, Government Spending, Liberty, Policy Issues, Rule of Law, Tax Policy, U.S. Security, Uncategorized

Time to Take Back Our Government: A Fresh Alternative to the Entrenched Political Class