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Showing posts with label Regime Uncertainty. Show all posts
Showing posts with label Regime Uncertainty. Show all posts

Wednesday, August 17, 2011

The return of "Honest Services Fraud"

Neither Congress nor the president ever seem to learn anything. The U.S. Supreme Court recently struck down the "Honest Services Fraud" statute because it was too vague. So what do the clowns in Washington do? They look to create an even MORE expansive and vague law.

Apparently, the government is set to imprison thousands of business owners and managers for having the effrontery of being unsuccessful during the government-caused depression. And I guarantee that the return of this horrible law will create even more uncertainty, which in turn will help lengthen the depression.

Here is my recent commentary on the subject on Lew Rockwell's page.