Senator Chuck Schumer (D-New York) still can’t let the election meddling hoax go, as he uses it again to blast a Facebook app he said has “Russian tentacles.” Political and media hysteria over the FaceApp is back after Schumer made public a letter from the FBI calling any Russian-developed software a “counterintelligence threat” to the United States.
A fundamental pillar of true free markets is the existence of choice; the availability of options from production to providers to purchase mechanisms without interference from governments or corporate monopolies. Choice means competition, and competition drives progress. Choice can also drive changes within society, for if people know a better or more secure way of doing things exists, why would anyone want to stay trapped within the confines of a limited system? At the very least, people should be allowed to choose economic mechanisms that work best for their particular situation.
We are facing a corporate debt bomb that is far, far greater than what we faced in 2008, and we are being warned that this “unexploded bomb” will “amplify everything” once the financial system starts melting down. Thanks to exceedingly low interest rates, over the last decade U.S. corporations have been able to go on the greatest corporate debt binge in history.
This article was originally published by Tyler Durden at ZeroHedge. In some ways, we sympathize with Neel Kashkari’s concern about the unprecedented wealth inequality that has emerged in the US in recent years and which has resulted in a slow, methodical and relentless destruction of the US middle class … or rather make that precedented because there was another […]