Thomas Sowell: could a Cyprus-style confiscation of private savings happen here?

Thomas Sowell, an economist for the people
Thomas Sowell, an economist for the people

Surprise! It already is happening here. Thomas Sowell explains in the American Spectator.

Excerpt:

One of the big differences between the United States and Cyprus is that the U.S. government can simply print more money to get out of a financial crisis. But Cyprus cannot print more euros, which are controlled by international institutions.But could similar policies be imposed in other countries, including the United States?

Does that mean that Americans’ money is safe in banks? Yes and no.

The U.S. government is very unlikely to just seize money wholesale from people’s bank accounts, as is being done in Cyprus. But does that mean that your life savings are safe?

No. There are more sophisticated ways for governments to take what you have put aside for yourself and use it for whatever the politicians feel like using it for. If they do it slowly but steadily, they can take a big chunk of what you have sacrificed for years to save, before you are even aware, much less alarmed.

That is in fact already happening. When officials of the Federal Reserve System speak in vague and lofty terms about “quantitative easing,” what they are talking about is creating more money out of thin air, as the Federal Reserve is authorized to do — and has been doing in recent years, to the tune of tens of billions of dollars a month.

When the federal government spends far beyond the tax revenues it has, it gets the extra money by selling bonds. The Federal Reserve has become the biggest buyer of these bonds, since it costs them nothing to create more money.

This new money buys just as much as the money you sacrificed to save for years. More money in circulation, without a corresponding increase in output, means rising prices. Although the numbers in your bank book may remain the same, part of the purchasing power of your money is transferred to the government. Is that really different from what Cyprus has done?

I noticed that Brian Lilley had an article about whether Cyprus-style confiscations could happen in Canada. The short answer: yes – for amounts above $100,000 Canadian.

Child’s complaints of sexual abuse by gay couple were ignored by social workers

This story was reported in the UK Telegraph. (H/T Dina)

Excerpt:

Social services insisted on returning Andy Cannon to live with the couple, even though staff at Wakefield council had received up to six allegations of physical and sexual abuse over a number of years.

Mr Cannon, now 23, said he believed social workers would have removed him from his abusers had they not been gay.

He said: “If my adoptive dad was in a heterosexual relationship then my complaints would have been listened to earlier.

“It seems the council didn’t want to be seen as victimising gay people – they’d rather look ‘politically correct’ and let them get away with it to avoid any repercussions.”

In a damning report now obtained by Mr Cannon’s legal team Wakefield social services officials were accused of “folly and gross misjudgement” and of putting the victim at “significant risk” of harm after missing six opportunities to save Mr Cannon from his abusers.

The 160-page internal report by Patrick Ayre, a former child protection manager, said social services records of his history were “fragmentary” and even censored to keep certain details secret.

Mr Ayre wrote: “That any consideration at all was being given to returning the claimant to his father’s care must be regarded as surprising, in view of the concerns which should have been felt both about the possibility of violence and about the allegations made about sexual advances from Mr Scarfe.”

During his ordeal Mr Cannon was repeatedly plied with Ecstasy and cannabis before being molested by David Cannon and John Scarfe.

His complaints to care workers were ignored and at one stage he was wrongly diagnosed as having mental disorders.

Both men were eventually arrested and charged after Mr Cannon was readmitted to into council care following a domestic incident, at which point he managed to persuade a Forster carer he was being abused.

Cannon, 54, and 31-year old Scarfe were each jailed for 30 months in 2006, for inciting sexual activity with a child.

[…]”The council should have been there to prevent this from happening but they would rather just sweep it under the carpet. Of course I was happy when I was finally listened to and dad and John were sent to prison – but their conviction was a walk in the park compared to what happened to me.

“I have overdosed so many times in the past and I have tried to kill myself at least six occasions after what happened. I had a breakdown about four years ago and still have days thinking that my girlfriend would have a better life without me.

“I was my dad’s sex toy and there were many times that I thought he was going to kill me. Most people when they grow up want a nice house, highflying job and holidays abroad each year – but all I live for are my kids and my girlfriend.”

Cannon was allowed to adopt Andy in December 1997, when the youngster was aged eight. This came despite the fact he had earlier been convicted and put on probation for 12 months for assaulting the boy’s mother, Elaine Moss, possessing cannabis and handling a stolen computer.

Miss Moss had also claimed Cannon had been abusing her son.

A social worker failed to bring the allegations to the attention of the family court and instead called Cannon a “very caring parent who considered his children’s need”.

Further allegations of sexual impropriety were made against Cannon by Andy and his mother after he started dating a gay man in 2002 and again when he began a relationship with Scarfe.

Associated Press reported before about a homosexual Penn State coach who sexually abused boys.

Excerpt:

An explosive sex abuse scandal and allegations of a cover-up rocked Happy Valley after former Penn State defensive coordinator Jerry Sandusky, once considered Joe Paterno’s heir apparent, was charged with sexually assaulting eight boys over 15 years. Among the allegations was that a graduate assistant saw Sandusky assault a boy in the shower at the team’s practice center in 2002.

[…]Sandusky, 67, was arrested Saturday and released on $100,000 bail after being arraigned on 40 criminal counts. Curley, 57, and Schultz, 62, were expected to turn themselves in on Monday in Harrisburg.

The allegations against Sandusky, who started The Second Mile in 1977, range from sexual advances to touching to oral and anal sex. The young men testified before a state grand jury that they were in their early teens when some of the abuse occurred; there is evidence even younger children may have been victimized. Sandusky’s attorney Joe Amendola said his client has been aware of the accusations for about three years and has maintained his innocence.

[…]A preliminary hearing scheduled for Wednesday would likely be delayed, Amendola said. Sandusky is charged with multiple counts of involuntary deviate sexual intercourse, corruption of minors, endangering the welfare of a child, indecent assault and unlawful contact with a minor, as well as single counts of aggravated indecent assault and attempted indecent assault.

[…]The grand jury said eight boys were targets of sexual advances or assaults by Sandusky. None was named, and in at least one case, the jury said the child’s identity remains unknown to authorities.

One accuser, now 27, testified that Sandusky initiated contact with a ”soap battle” in the shower that led to multiple instances of involuntary sexual intercourse and indecent assault at Sandusky’s hands, the grand jury report said.

He said he traveled to charity functions and Penn State games with Sandusky, even being listed as a member of the Sandusky family party for the 1998 Outback Bowl and 1999 Alamo Bowl. But when the boy resisted his advances, Sandusky threatened to send him home from the Alamo Bowl, the report said.

Sandusky also gave him clothes, shoes, a snowboard, golf clubs, hockey gear and football jerseys, and even guaranteed that he could walk on to the football team, the grand jury said, and the boy also appeared with Sandusky in a photo in Sports Illustrated. He testified that Sandusky once gave him $50 to buy marijuana, drove him to purchase it and then drove him home as the boy smoked the drug.

The first case to come to light was a boy who met Sandusky when he was 11 or 12, the grand jury said. The boy received expensive gifts and trips to sports events from Sandusky, and physical contact began during his overnight stays at Sandusky’s home, jurors said. Eventually, the boy’s mother reported the allegations of sexual assault to his high school, and Sandusky was banned from the child’s school district in Clinton County in 2009. That triggered the state investigation that culminated in charges Saturday.

But the report also alleges much earlier instances of abuse and details failed efforts to stop it by some who became aware of what was happening.

Another child, known only as a boy about 11 to 13, was seen by a janitor pinned against a wall while Sandusky performed oral sex on him in fall 2000, the grand jury said.

And in 2002, Kelly said, a graduate assistant saw Sandusky sexually assault a naked boy, estimated to be about 10 years old, in a team locker room shower. The grad student and his father reported what he saw to Paterno, who immediately told Curley, prosecutors said.

Again, reports about the gay coach’s activities were ignored by authorities. Why?

And here’s another similar story, this time from Scotland where the head of a gay youth organization was running a child sex ring.

Excerpt:

Eight men in a Scottish paedophile ring have been found guilty of a series of “horrific” sex offences against children and babies.

[…]Two of the men – convicted sex offender Neil Strachan and gay rights campaigner James Rennie – were convicted of sex attacks on children.

Strachan, 41, and Rennie, 38, both from Edinburgh, were also found guilty of conspiring to abuse youngsters, as were three other members of the gang.

[…]The jury found Rennie, the former chief of LGBT Youth Scotland, an organisation dedicated to helping young gay people, guilty of molesting a young boy over more than four years.

The child was just three months old when the abuse began.

I think that we need to be more careful about the needs of children when making decisions about public policy.

Good news: school choice victory in Indiana, pro-life victory in North Dakota

The Heritage Foundation reports.

Excerpt:

It’s hard to overstate what an outstanding victory for school choice Indiana’s Supreme Court issued yesterday.

Indiana’s highest court ruled unanimously in Meredith v. Pence that the Choice Scholarship Program (CSP), which provides vouchers to low-income and middle-income families in the Hoosier State, is constitutional. The suit, brought by the teachers unions, sought to end the country’s largest and most inclusive school voucher program.

Thankfully for the families currently participating in the CSP—and for the 600,000 children who are now eligible to receive scholarships to attend a private school that meets their unique learning needs—the court sided 5–0 with educational freedom. As the Institute for Justice’s Bert Gall notes that

the unions’ legal claims focused on two types of constitutional provisions that are common in most other state constitutions: 1) provisions requiring that states provide a “general and uniform” system of public education; and 2) provisions forbidding state support of religion.

With regard to requiring a uniform system of public education, Gall goes on to write that the court “showed that the duty to provide a ‘general and uniform’ system of public schools is not violated when a state provides educational options above and beyond the system.”

As for the provision prohibiting state support of religion, the court noted that

any benefit to program-eligible schools, religious or non-religious, derives from the private, independent choice of the parents of program-eligible students, not the decree of the state, and is thus ancillary and incidental to the benefit conferred on these families.

The Indiana ruling not only ends the challenge to the voucher program in the state, it is also an important victory for school choice and, as Gall put it, “solidifie[s] the growing body of case law supporting school choice and expose[s] the flaws in the teachers’ unions’ favorite legal claims.”

That’s good news for fiscal conservatives, but there was also good news for social conservatives last week – in North Dakota.

Excerpt:

If abortion proponents condemned 2011 as “the year of abortion restrictions… mark[ing] a sea change for abortion rights,” and 2012 as “an unmitigated disaster for abortion rights,” I can’t imagine what they will say about 2013.

In 2011 there were a record 92 pro-life laws enacted in the states, followed by the second highest number, 43, in in 2012. This year has already seen at least 14 pro-life bills become law, according toMailee Smith, Staff Counsel for Americans United for Life, so we are on track for another banner year.

But in 2013 we are not only seeing a high volume of typical pro-life legislative fare, we are seeing passage of pro-life legislation on steroids, the likes of which has never been observed in 40 years of legalized abortions throughout the U.S.

Yesterday, North Dakota adopted the “heartbeat” ban, which outlaws abortion once a baby’s heart tones can be detected, as early as six weeks. At the same time ND Governor Jack Dalrymple signed the first ever ban against eugenic abortions for fetal abnormalities or gender.

Bumped from the top spot, held only three weeks, was Arkansas, which on March 6 passed what was then an unprecedented ban on abortions after 12 weeks.

Just a week prior, Arkansas became the 10th* state to pass a ban on abortions after 20 weeks.

Then there’s the Personhood Amendment. On March 22 North Dakota became the first state to legislatively authorize a ballot initiative that would establish the right to life from the moment of conception.

All the more reason for sensible Americans to continue their mass emigration from leftist blue states to conservative red states.