I haven’t said much about the losses/scandal at MF Global.
If Jon Corzine or any of his people committed crimes, I hope they spend the rest of their lives in jail, hopefully with big burly biker cellmates.
And if this was just a case of bad investments, then I’m glad there was no bailout. Maybe the morons in Washington have learned something from the TARP fiasco.
But if Corzine is charged with a crime, he does have a very plausible defense, as shown in this Mike Ramirez cartoon.
And if you like Ramirez cartoons, you can see some of my favorites here, here, here, and here.
So when I saw a news report about a couple of Swedes getting busted for smuggling 200-plus kilos of contraband into Norway, and then another story about a Russian getting caught trying to sneak 90 kilos of an illicit substance into the country, I wondered whether these were reports about cocaine or marijuana. Or perhaps heroin or crystal meth.
Hardly. Norway’s law enforcement community was protecting people from the horrible scourge of illegal butter.
Sounds absurd, but there’s been an increase in the demand for butter and high import taxes have created a huge incentive for black market butter sales. Here’s a video on this latest example of government stupidity.
I guess the moral of the story is that if you outlaw butter, only outlaws will have butter. Or perhaps butter is the gateway drug leading to whole milk consumption, red meat, salt, and other dietary sins. Surely Mayor Bloomberg will want to investigate.
By the way, the United States is not immune from foolish policies that line the pockets of criminals. Here’s a video from the Mackinac Center revealing how punitive tobacco taxes facilitate organized crime.
International Liberty 