Douglas Macgregor

The Kill Switch, The Military, Reality Finance and The Plutonomy

Information Asymmetry

A recent news item mentioned that everyone's hero, Joe Lieberman, has proposed new legislation in the US Congress which would allow the president a "kill switch" to control and halt various portions of the Internet in the advent of national emergency.

Regardless of who the president might be, and I have as little faith in President Obama as I had in the previous bunch of presidents, going back to at least Nixon, this would represent the same possible conditions as we've observed in Myanmar, China and Iran; namely the censorship of the Web when they so desire.

This is what economists call "information asymmetry" -- or controlling the flowing information, or a controlled flow of information for selective profit and gain.

As I recently mentioned in a previous post, this administration's treasury department appears to be following the recommendation of avoidance of banning naked swaps, completely at odds of the mood over in the Eurozone!

This should leave everyone rather skeptical, especially given the record of our president when he was a senator; lobbying on behalf of, and attempting to pass legislation to establish a national DNA database for all citizens.

The Military