Randall Lord imprisoned for breaking a law that doesn't exist.
March 20, 2018
Randall Lord was charged with operating a money service business
(MSB) without a license. The thing is, MSBs are issued at the state
level, and the office that issued the license told Randall that he
didn't need one. Unfortunately for him, his lawyer had already
convinced him to take a deal for a guilty plea.
The business in question was simply exchanging bitcoins for
dollars among mostly friends and family.
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Congress never bailed out the banks
March 16, 2018
In 2008, banks including the Federal Reserve threatened us that
the economy would collapse if we didn't give them $700bn. At least
that was the story we were told. In fact, that's almost completely
wrong.
The story claims that banks were insolvent and if the government
didn't give money to these banks, people wouldn't have access to
the money in their accounts. While this is mostly true, the blame
was completely misdirected away from the real financial
irresponsibility.
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