December 21, 2024

Cautious Optimism On The Demise Of The Green Energy Fantasy

December 21, 2024/ Francis Menton

It has been obvious now for many years to the numerate that the fantasy future powered by wind and sun is not going to happen. Sooner or later, reality will inevitably intrude.
And yet, the fantasy has gone on for far longer than I ever would have thought possible. Hundreds of billions of dollars of government largesse have been a big part of the reason, going not just to green energy developers but also to academic charlatans and environmental NGOs to fan the flames of climate alarm.
It was three years ago, in December 2021, that I asked the question, “Which Country Or U.S. State Will Be The First To Hit The Green Energy Wall?”

December 18, 2024

Anti-Money Laundering Enforcement: What Happened To Due Process Of Law?

December 18, 2024/ Francis Menton

After two Manhattan Contrarian posts in the last month on the subject of anti-money laundering (AML) regulation (here from November 24 and here from December 9), the topic is suddenly in the news.
On November 26, Marc Andreessen appeared on the Joe Rogan podcast, with an extensive discussion of the debanking of the crypto industry, and that appearance got some notice. The Wall Street Journal ran two op-eds on the subject of AML on Monday (December 16): “Debanking and the Return of Operation Choke Point” by Allysia Finley, and “Businesses Get a Reprieve from a Draconian Law” by Caleb Kruckenberg and Andrew Grossman. Both are worth your time if you can get behind the paywall.
It’s about time that some attention is paid to this issue. AML enforcement ranks right up there among the most egregious systematic violations by the government of the people’s civil rights.

December 14, 2024

December 14, 2024/ Francis Menton

This may be a problem that readers outside of New York don’t care much about, but it is symptomatic of important issues in our society.
The MTA (Metropolitan Transportation Authority) is the New York State (not City) agency that runs our transit system — subways, buses, and commuter rail lines. To ride the subways and buses, you are supposed to pay the fare on entering the subway system or boarding the bus. The MTA has long had a problem with customers who don’t pay the fare, either evading the turnstiles in the subway or just boarding the bus without paying. During the Covid period, the MTA for some time waived payment of the fares on buses (I never understood why); and then after Covid many people did not resume paying, and the fare evasion rates soared.
Over the years since the pandemic, there have been regular news reports about the increase in fare evasion. Most recently, in August of this year, the MTA released the latest data to the news media, and this information was then widely reported in many outlets. The short version is that this is no longer a small problem.

December 09, 2024

December 09, 2024/ Francis Menton

In a government full of nasty, obnoxious and extra-legal regulatory initiatives to harass the people, the effort to regulate “money laundering” out of existence has to rank at the top.
The basic idea is for the government to require all banks to become involuntary deputies of law enforcement to spy on their customers behind their backs, so that the bureaucrats can gain access to detailed information on what every single person is doing all the time. And thus will all criminality be stomped out!
In the real world, what anti-money laundering (AML) regulation means is that the government gains vast information on the innocent citizenry. This information in almost all cases has nothing to do with criminality and instead finds its principal use in hobbling and harassing the political opponents of the régime.
Meanwhile, the real crooks have plenty of ways (cash, Bitcoin, ten other forms of crypto, gold, MoneyGram, etc., etc.) to continue business as usual.

December 07, 2024

December 07, 2024/ Francis Menton

Throughout my life, no matter who has been in charge of federal or state prosecutions, there have been voices alleging some level of politicization of the law enforcement process. Mostly, those allegations have been about improper use of government resources to protect those in power, who should be relying on their own private lawyers when their own conduct is at issue.
But then there is the subject of use of the government’s law enforcement and regulatory authority to harass, disable and convict political opponents of the régime. Prior to the Trump Derangement Syndrome era, those sorts of abuses had been notably rare during my lifetime.
But there is nothing remotely comparable in our history to the diversion of law enforcement resources during the past four years toward the effort to take down the political opponents of the régime.

December 04, 2024

December 04, 2024/ Francis Menton

Today has been a good day for the incipient unraveling of a couple of major categories of the fake “consensus” orthodox science that have plagued us for the past few years.
One such category is transgenderism, where activists seek the provision of “gender affirming care” to any young person claiming to suffer from “gender dysphoria.” This morning the Supreme Court heard oral argument in a case called United States v. Skrmetti, where the Court is asked to rule that Tennessee’s ban on puberty blockers and hormone therapy for teens claiming to be “transgender” violates their constitutional rights.
A second such category is the Coronavirus pandemic, including its origins and what policies were appropriate to address it. On that subject, also today, the House Select Subcommittee on the Coronavirus Pandemic issued its rather damning Report titled “The Lessons Learned and a Path Forward.”