Must Reads For The Week 9/15/18

Posted September 17, 2018 by austrianaddict
Categories: Must Reads For The Week

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The Intellectual Poverty Of The New Socialists, by Richard A. Epstein, at hoover.org. This is a great article. Here are some excerpts: “The New Socialists try of course to distance themselves from the glaring failures of the Old Socialists, who suffered from two incurable vices. First, they ran the economies of such places as Cuba, Venezuela, the Soviet Union, and virtually all of Eastern Europe into the ground. Second, they turned these states into one-party dictatorships governed by police brutality, forced imprisonment for political offenses, and other human rights abuses. When viewing the proposals of the New Socialists, one looks for any kind of explanation for how their proposals for the radical expansion of government control over the economy aimed at mitigating income inequality will protect both personal liberty and economic well-being.

“The New Socialists in the United States live in a world of intellectual self-denial. They think that they can control the distribution of all the good things in life without undermining the economic and social institutions needed for the creation of that wealth in the first place. The words “competition,” “scarcity,” and “free entry” do not make it into their constricted lexicon, and their absence explains why they botch the analytical issues concerning “freedom” thoroughly…… ignoring the simple truth that scarcity means that all of us cannot have all that we want all the time……. Sadly, some individuals must grovel before their bosses to keep their jobs. But in a competitive economy, free entry allows many more individuals to quit their jobs for better opportunities, or even to be recruited away by another employer.

“Competition leaves people with choices. But under the New Socialism, people will really discover what it means to be unfree when they only have this choice: work for the state and spend your falling wages on government-supplied goods—or starve. And to whom does the unhappy citizen turn when there is only one healthcare provider, one landlord, and one education system?

“There is a deep intellectual confusion and moral emptiness in New Socialism. On the one hand, it denies the major advances in longevity and human flourishing that have been made in recent years by the worldwide spread of market institutions…… And New Socialism attributes to market institutions the failures that fall squarely on the regulatory programs of traditional liberals—e.g. minimum wages, rent control—that hamper economic growth and personal freedom. The New Socialism has no more chance of success than the Old Socialism. You may as well try to cure diabetes by administering extra-large doses of government-subsidized sugar.

Education Is Not A Right, by Jose Nino, at mises.org. Education is an economic good not a right. It has to be produced by someone before it can be consumed. Economic goods are not rights. The second amendment guarantees your right to keep and bear arms from being infringed by Government. It doesn’t force someone to provide a gun for you. And it doesn’t force you to purchase a gun. Education being a right would mean that the Government couldn’t infringe on your decision to either get or not get an education. Nothing more.

Private schools and home schooling are examples of an economic good (education) being provided in the market and not by a state-run education monopoly. With today’s technology, think about the possibilities of educating people using fewer scarce resources. Scarce resources once used to build and maintain high school campuses, to maintain the education bureaucracy and to transport students to and from school could be reallocated to a more productive economic activity. The total cost of our modern “free” K-12 education system is much higher than what the cost would be if education was provided through the market process. But since our education system is a mammoth bureaucracy. What is the chance of it giving up its monopoly position? But just as fracking took down the OPEC monopoly when the price of oil rose to $140 a barrel, so to technology and entrepreneurship can make a huge dent into the State education monopoly as the price becomes more burdensome.

Victor Davis Hanson’s Analysis of ‘Trump’ vs. ‘The Resistance’

The Circus Of Resistance, by Victor Davis Hanson, at americangreatness.com. Here is an excerpt from the article: “Certainly, there are principles behind Trump’s moves, but they are not always those of the Washington establishment, whose agendas the media reflects. Trump’s initiatives are often long overdue moves that would never have happened in either a “sober and judicious” Democratic or Republican administration, however much they might have been polled and discussed.”

“Trump has mostly one principle: he was elected to pursue a conservative populist agenda without too much worry what the Washington establishment said or did, whose record on the economic front since 2008 and in foreign policy was not especially stellar. In that sense, he is far more principled in carrying out his promises than many past presidents whose stump speeches on taxes, illegal immigration, trade, educational reform and a host of other issues were either never reified or flat-out broken.”

“So far, for all the crudity and Twitter antics, we have not had a “read my lips” or “you can keep your doctor” moment in the sense of a deliberate effort to break a campaign promise.”

Is Trump Chaos An Impeachable Offense, by Victor Davis Hanson, at nationalreview.com. Excerpt from the article: Trump is destabilizing the status quo, as he promised to do. The keepers of the status quo cry foul.”

“…for the D.C. political-media status quo it was more of a problem to tell the truth, address reality, and make the necessary difficult adjustments than to shrug, continue on, and maintain the façade of normality. Then a president came along with no prior investment in the economic and foreign-policy establishment, and apparently no desire to create any, or to worry much about his own ignorance of past conventional wisdom. And so in breakneck speed he began cancelling deals, renegotiating asymmetrical agreements, and questioning protocols of decades past — and he did so without adopting the comportment of past presidents and the advice of either the administrative state or the Washington political-media establishment. The ensuing reaction was that the Trump medicine was said to be worse than the preexisting disease, although no one could really explain why that was so.”

“So we are left only with “Trump did it,” and therefore he should be impeached, declared insane, sued, forced to resign, or face an intervention from “loyal” patriot aides because of his impulsiveness and lack of “first principles” that had given us the above status quo. Even the recent anonymous New York Times op-ed author offered no real explanations of what exactly Trump has done wrong that would warrant anti-democratic removal other than to concede that Trump has done things that most felt were long overdue. And he made changes in a rude and uncouth manner that the establishment did not like — just as a nude emperor in invisible clothes does not like it when an outsider observes that he is naked.

THE RESISTANCE

Presented with no comment!

Pompeo Tears Into John Kerry Over Iran Meetings: “Unheard Of” Level Of Undermining White House, at zerohedge.com.

“It Was All A Set-Up” – Pentagon Whistleblower Exposes Russia Probe Reality, at zerohedge.com.

New Strzok-Page Texts Discuss FBI “Media Leak Strategy” Within Hours Of Washington Post Bombshell, at zerohedge.com.

TO WHOM DO YOU RELATE?

“Panic And Dismay”: Leaked Video Reveals Distraugh Google Execs Grappling With Hillary Clinton’s Loss, at zerohedge.com. This is priceless. The article tells you where to go in the video to see the highlights. But go to 16:45 and watch as a female exec suggests everyone get a hug. When they show the audience. Look at all the people wearing beanies with propellers on them. Like The Beany and Cecil cartoon. Seriously!

Life, Liberty & Levin: Katie Pavlich and Candace Owens, at Reasonable Insanity.

Now listen to Miss Pavlich and Miss Owens. Compare this to what you saw and heard on the Google video?

 

Twitter Suspends Benghazi Hero After He Excoriates Obama, at zerohedge.com. In a speech at U of Illinois, Obama said: “The republican party……..has embraced wild conspiracy theories like those surrounding Benghazi…..

In response to Obama’s statement. Kris Paronto, who was in the middle of the fight in Benghazi, tweeted,“Benghazi is a conspiracy @BarackObama?! How bout we do this, let’s put your cowardly ass on the top of a roof with 6 of your buddies & shot rpg’s & Ak47’s at you while terrorists lob 81 mm mortars killing 2 of your buddies all the while waiting for US support that you never sent ! #scum.”

Here is the excerpt that sparked the response. Watch this video with the understanding that this is “acting Presidential”. The cadence. The tone. The pauses. The posture. The body movements. The words.

“Acting Presidential” is just one part of the establishment status quo that people voted against in 2016. “Acting presidential” is part of the propaganda process.

I’ll take Trump “acting non-presidential” every time.

SATIRICAL HEADLINES

Google Rep Issues Heartfelt Apology for Anti-Conservative Bias While Wearing ‘Kill All Republicans’ T-Shirt, at babylonbee.com.

He’s Still Got It! Funnyman Jim Carrey Jokes Americans Should ‘Say Yes To Socialism’, at babylonbee.com. What! He is serious?

Man Identifies As Woman, Immediately Receives 23% Pay Cut, at babylonbee.com.

Gay Man Bravely Comes Out As Fan Of Chick-Fil-A, at babylonbee.com.

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Must Reads For The Week 9/8/18

Posted September 11, 2018 by austrianaddict
Categories: Must Reads For The Week

Tags: , , , , , , , , , , , , , , , , , ,

NYT Flashback: “If Donald Trump Targets Journalists, Thank Obama”, at zerohedge.com. Just as Obama set the stage for the executive actions by the next President. He also set a precedent for how to treat the press. The press didn’t worry about the use of executive power by Obama because they shared his world view. The press doesn’t like Trumps use of executive power because his world view doesn’t align with theirs. Here is an example of DOJ abuse of power under Obama.  Sharyl Attkisson computer hacked by DOJ . 

An Uber-Like Service Might Help escape Britain’s Socialist Health System, by George Pickering, at mises.org. The long wait times by patients in the British government healthcare system has produced a situation that allows new technologies to be used to see doctors sooner. In a socialist economic system, waiting lines are how scarce resources are rationed. But the passage of time allowed something new to come into existence that shortens the waiting (rationing) lines.

Criminalizing Childhood: School Safety Measures Aren’t Making Students Any Safer, at zerohedge.com. Excerpt from the article: “From the moment a child enters public schools to the moment he or she graduates, they will be exposed to a steady diet of draconian zero tolerance policies that criminalize childish behavior, overreaching anti-bullying statutes that criminalize speech, school resource officers (police) tasked with disciplining and/or arresting so-called “disorderly” students, standardized testing that emphasizes rote answers over critical thinking, politically correct mindsets that teach young people to censor themselves and those around them, and extensive biometric and surveillance systems that, coupled with the rest, acclimate young people to a world in which they have no freedom of thought, speech or movement.”

Camile Paglia On The Indispensability Of Men, Who Do The Dangerous, Dirty Work That Makes Our Economy Possible, by Mark J. Perry, at carpediemblog. Here is an excerpt from Camile Paglia’s article titled: It’s a Man’s World, and It Always Will Be” (subtitled: The modern economy is a male epic, in which women have found a productive role — but women were not its author):”

“Men are absolutely indispensable right now, invisible as it is to most feminists, who seem blind to the infrastructure that makes their own work lives possible. It is overwhelmingly men who do the dirty, dangerous work………Every day along the Delaware River in Philadelphia, one can watch the passage of vast oil tankers and towering cargo ships arriving from all over the world. These stately colossi are loaded, steered and off-loaded by men. The modern economy, with its vast production and distribution network, is a male epic, in which women have found a productive role – but women were not its author. Surely, modern women are strong enough now to give credit where credit is due!”

Milking Taxpayers, by Dan Mitchell, at danieljmitchell.wordpress.com. Consumers and taxpayers are the ones who pay the cost of Government subsidies for the dairy industry.

Richard Epstein On The Intellectual Poverty And Intellectual Self-Denial Of The ‘New Socialists’ by Mark J. Perry, at carpediemblog. Excerpt from the article by Richard Epstein: “The New Socialists try of course to distance themselves from the glaring failures of the Old Socialists, who suffered from two incurable vices. First, they ran the economies of such places as Cuba, Venezuela, the Soviet Union, and virtually all of Eastern Europe into the ground. Second they turned these states into one-party dictatorships governed by police brutality, forced imprisonment for political offenses, and other human rights abuses………The New Socialists in the United States live in a world of intellectual self-denial. They think that they can control the distribution of all the good things in life without undermining the economic and social institutions needed for the creation of that wealth in the first place.

Stealing By Government, by Dan Mitchell, at danieljmitchell.wordpress.com. Civil asset forfeiture is theft of private property by the state without due process.

FEDERAL RESERVE MISCHIEF

Central Banks Enrich A Select Few At The Expense Of Many, by Thorsten Polleit, at mises.org. Central Banks were created for the purpose of growing Government. Governments can only tax so much out of the private economy before people revolt. Printing money is a stealthier way for governments to procure funds for expansion.

The Fed’s QE Unwind Hits $250 Billion, at zerohedge.com. This slow unwind is hiding the theft that took place by the previous inflation of the money supply.

Can Deflation Fix The Damage Done By Inflation?, by Frank Shostak, at mises.org. This is a must read of the must reads. When the Fed lowers interest rates, below what they would be in a free market, and increases the money supply (counterfeits money), it starts the economy down the road of wasting scarce resources. Here is an excerpt from the article: “It is argued that because we do not exactly know the state of the economy at any point in time, it is quite possible that the central bank’s loose stance could be excessively loose which may result in a so-called overheating. This means that the loose policy will push the economy strongly above the trajectory of a stable non-inflationary growth.”

“Conversely, a tighter stance could be excessively tight thereby risking to plunge the economy below the trajectory of stable non-inflationary economic growth — a severe economic slump.”

“The view that the economy could be seen as a space ship is a misleading metaphor, since the economy is about human beings that use their means to achieve various goals. Given that economy is about human beings, no central authority can replace the free unhampered market that enables individuals achieving their goals in their best possible way.”

SATIRE OR REAL?

Which of these really happened?

Kavanaugh Accused Of Being ‘Too Judgemental’ To Be Effective Judge, at babylonbee.com.

Democrats Demand Kavanaugh Submit To DNA Test To Prove He’s Not Actually Hitler, at babylonbee.com.

PETA Finally Frees Animal Crackers From Their Cages, at barstoolsports.com.

It’s the PETA article. There must not be much real animal abuse going on if PETA put time into freeing these cookie animals from their cages. I was worried that the poor Zebra was going to get eaten by the Lion because a cage no longer separates them. Until I remembered that, cage or no cage, all these animals are going to get eaten by me.

CARTOONS

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Political Cartoons by Pat Cross

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Must Reads For The Week 9/1/18

Posted September 3, 2018 by austrianaddict
Categories: Must Reads For The Week

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THE COLLEGE SCAM

What You Really Pay For In College: Credentials, Not Education, by Doug French at mises.org. Traditionally, getting a high priced piece of paper, aka a college degree, was important to employers. It showed “that students have the discipline to suffer through the boredom to conform to what society expects and what employers want.” The changing economy and the high cost of college education is changing this traditional way of looking at employees.

11 Rage-Inducing Facts About America’s Wildly Out-Of Control Student Loan Debt Bubble, at zerohedge.co. Here are three important points from the article.

#1 The student loan debt bubble has now grown to 1.4 trillion dollars.

#2 In 2007, the total amount of student loan debt in the U.S. was just 545 billion dollars.

#9 From 2007 through 2017. “college tuition costs jumped 63 percent, school housing surged 51 percent and the price of textbooks by 88 percent.”

The increase of borrowed money being used for college education is the reason the costs of college education has increased so much. It is a bubble.

No College, No Problem: Silicon Valley’s Student Loan Solution, at zerohedge.com. Many companies are beginning to rethink the importance of a college education as a requirement for employment. This is a good trend.

OTHER STUFF

Boy Punished For Calling His Teacher Ma’am’And A Mother Was Investigated For Letting Her 8 Year-Old Walk The Dog, by Micheal Snyder, at lewrockwell.com. This is not satire from The Onion. It is just two examples of public school education insanity.

Crushing The “Blame Climate Change From Wildfires” Narrative In 1 Simple Chart, at zerohedge.com. More acreage was burned in the early 20th century than today and it is not even close.

Immigrants and Disease, at theburnigplatform.com. By law immigrants and refugees are mandated to go through medical screening. If they don’t pass, they are not allowed to enter. But it is impossible to medically screen illegal immigrants.

The Looming Threat of Video Game Regulation, by Matthew McCaffrey, at mises.org.  Here are the two reasons from the article that regulation of all industries takes place. “1) Politicians and regulators trying to control and manage the emerging industry. 2) Industry leaders using regulation to their own advantage and to the detriment of competitors.”

Facebook Engineer’s Stunning admission” “We Tear Down Posters Welcoming Trump Supporters”, at zerohedge.com. This is an admission of what we already knew. This is not an infringement on free speech because these are private companies. Free speech shall not be infringed by Congress as stated in the First Amendment. The answer is for an entrepreneur to supply a Facebook like platform that is truly uncensored.

The Energy Race Is On (Improving Fossil Fuels vs. Political Favorites), by Greg Rhemke at masterresource.org. This is really good. It is a must read for a reason.

Chart Of The Day: Oil Output In Texas vs. Venezuela, 1994-2018, by Mark J. Perry, at carpediemblog. This is really a contrast between socialism and capitalism.

SATIRICAL HEADLINES

Socialists Gather On Labor Day To Protest Concept Of Labor, at babylonbee.com.

Liberal Activist Explains Notion Of Tolerance To Man She Just Called A “Worthless [Expletive]’, at babylonbee.com.

Ocasio-Cortez Praises Venezuela For Making Everyone A Millionaire Through Hyperinflation, at babylonbee.com.

Ocasio-Cortez Severely Burned After Accidentally Touching Book On Basic Economics, at babylonbee.com.

CARTOONS

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John McCain: Public Servant or Self Servant

Posted August 30, 2018 by austrianaddict
Categories: Miscellaneous

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MESA, AZ - JUNE 4: Senator John McCain (R - AZ) appears at a town hall meeting on June 4, 2010 in Mesa, Arizona.

Why has the passing of Senator John McCain turned into a political tennis match? Since Senator McCain was a politician, everything he did was, by nature, political. Lets try to take an unbiased look at Senator McCain’s life and see what we come up with.  Being unbiased will be difficult because I am biased against politicians in general, and political insiders in particular.

MILITARY SERVICE

Flying missions over Viet Nam and taking flack from AAA is something that takes a special kind of person. Heck, taking off and landing on an aircraft carrier takes a great amount of fortitude. He was shot down and captured by the enemy. He was tortured while spending 5 plus years in the infamous Hanoi Hilton.

This is serving your country at a level that cannot be denigrated in any way. He deserves to be honored for his service in the military. I salute him.

But what a person does at one point in his life doesn’t inoculate him from criticism for what he does the rest of his life. Many like to talk about John McCain”s life of public service. Service in the military is real service. Getting into politics doesn’t automatically grant a merit badge for public service. Your actions speak louder than what you say.

PUBLIC SERVICE OR SELF SERVICE?

I see John McCain through the same lens as I see his contemporary John Kerry. Both used their military service to further their political career. John Kerry threw his medals over the White House fence to prove his bona fides in becoming a Democrat. John McCain wore his medals on his chest to prove his bona fides in becoming a Republican. They both became insiders working to prop up and grow the size, and power of Government.

I am amazed how individuals go into politics to serve the public but seem to serve themselves. How many politicians become multimillionaires after decades of being hailed as “public servants”. How politicians become multimillionaire making only a couple hundred thousand a year amazes me (not really). Of course it helped both Kerry and McCain that they married into money.

Does anyone remember ‘The Keating Five’? Probably not. The MSM rarely talks about McCain’s role in the savings and loan crisis from the late 80’s. If you want to know more about McCain, the Keating Five, and Charles Keating, read this article from 1988: McCain: The Most Reprehensible Of The Keating Five. Charles Keating was owner of Lincoln Savings and Loan. He gave money and perks to McCain and his family. These payments could be considered a quid pro quo if McCain and 4 other senators, including John Glenn, could keep regulators away from Keating’s Lincoln Savings and Loan skimming operation.

Here is an excerpt from the article:

“No one forgets that John Glenn was the first American astronaut to orbit the Earth. You won’t let anyone forget that you were a prisoner of war. But you have played that tune too long…..Clearly, both you and Glenn sold your fame for Charles Keating’s money.”

“It was a Faustian bargain. It was also a bad joke on the rest of us and a disaster for many old people who lost their life’s savings to Keating. The money was never really Keating’s to give. But he never would have got his hands on it if you and the rest of the Keating Five didn’t halt the government takeover for two long years while Keating’s people continued their looting.”

“And now, the tab for the Savings and Loan heist must be paid from taxpayers pockets.”

In 2002 McCain wrote a book titled, “Worth The Fighting For”. He did a C-SPAN book TV interview. Here is the part of the interview where he is questioned about Charles Keating, the Savings and Loan crisis and the Keating Five.

What do you think of his performance?

MAVERICK OR POLITICAL INSIDER?

McCain was known for his bipartisanship and willingness to work across the aisle. This reminds me of a quote by Thomas Sowell: “The only thing worse than partisan legislation is bipartisan legislation.

In 2002 McCain teamed up with Senator Russ Feingold to pass the Bipartisan Campaign Reform Act aka  McCain-Feingold Act. In 2010 the Supreme Court ruled in Citizens United v. Federal Election Commission that it was unconstitutional because the First Amendment right to free expression applied to corporations. His bipartisan legislation violated free speech.

The media and Democrats used McCain’s bipartisanship as a pugil stick to beat Republicans over the head. The media and the Democrats thought of McCain as a ‘useful idiot’ in the advancement of their agenda. And he was blind to it even when it was right in front of his eyes. He wasn’t the lovable Maverick when he was running for President against Obama in 2008. The media hammered him. But after he lost, they eventually kissed and made up. He was getting what he valued from them. And they were getting what they valued from him.

WHAT DID HE VALUE AT THE END?

I’ve learned from reading ‘Human Action‘ by Ludwig von Mises that people act purposefully to attain a desired end. Put another way, what you value is revealed by your action. What insight can we gain about what John McCain valued if we look at his actions over the last year or so of his life?

Remember last year when congress was voting on repealing the Affordable Care Act? McCain had promised his constituents that he would vote for its repeal. It worked out that his vote would be the deciding vote for repeal. He made his grand entrance and turned his thumb down as if he was Caesar in the movie Gladiator deciding the fate of a warrior. He did this to spite Trump. He valued his hatred for Trump more than he valued his promise to his constituents.

McCain’s running mate in 2008, Sara Palin, was told through back channels not to come to his funeral. He has placed partial blame for his loss in 2008 on her. I know he hated Trump and didn’t want him at his funeral. But Sara Palin? She had nothing but praise for John McCain in her tweets upon hearing of his death.

If you knew you were going to die in a year would spend it clinging to your power as long as you can? And playing politics with people you didn’t like? Or would you spend it in a less selfish way?

Every human being is selfish by nature. But at some point most people learn to get over themselves. Although some people never get over themselves even at the end. What do John McCain’s actions tell us about him?

 

Must Reads For The Week 8/25/18

Posted August 27, 2018 by austrianaddict
Categories: Must Reads For The Week

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , ,

GOVERNMENT CENTRAL PLANNERS KNOW WHAT’S BEST

Chicago Hopes To “Solve” Record Pension Deficit With Creative Solution: More Debt, at zerohedge.com. Is it a good idea to use a new credit card to pay off your maxed out credit card? Paying off debt with more debt doesn’t work in the real world. Oh by the way, decisions by these same big government central planners are what caused the pension problem in the first place.

Walk Softly – Big Brother Wields A Big Stick, at theburnigplatform.com. Financially sinking State governments are making it difficult for residents to move out of their States. They are trying to escape these high taxes. Central planners must think you and I are permanent residents of their State.

DO THESE ARTICLES HAVE ANYTHING IN COMMON? Dem Congressional Candidate Has Spent Decades Pushing For Population Control, by Paul Bois, at dailywire.com. This central planner doesn’t understand that in order for the leftist ideology to survive you need a growing population to prop up the Ponzi scheme that is the our socialist welfare system. This idea couldn’t possibly lead to a different problem in the future, could it? Read this article. Uproar Over “Wacky” Plan To Start Baby Boom In China By Taxing Adults Under 40, at scmp.org. China had a one-child policy for four decades. It ended three years ago. This one-child policy has produced an aging population and a shrinking workforce. China needs more people to produce enough to prop up their communist Ponzi scheme. They are trying to incentivize individuals to have more children. They are doing this by subsidizing families who have more than one child with money taxed away from people under forty years old. Communist central planning created the problem they are now trying to solve.

San Francisco “Poop Patrollers” Make $185,000, at zerohedge.com. San Francisco’s central planners created the $#!++y mess they now have to clean up. Unfortunately they are cleaning up the symptom their previous economic policies produced. Economic central planning comes at a high cost that central planners ignore. Until they no longer can.

Ocasio-Cortez Claims Solidarity With Cab Drivers – While Campaign Buys Rides From Uber, at economicpolicyjournal.com. Please read Alexandria’s statements in this article. Now ask yourself; “Do I want this self avowed socialist central planner making policies about economic activity”? She doesn’t understand the basic law of supply and demand. And she graduated from Boston University College of Arts and Sciences with a bachelors degree in economics and international relations. I bet her economic ignorance says more about this college than it does about her.

CENTRAL PLANNING PRODUCING THESE PROBLEMS

South Africa’s Land Confiscation: Socialism By Another Name, by Ryan McMaken, at mises.org. Property rights not being protected leads to dire economic consequences. Allowing land to be confiscated and given away creates a couple of problems. 1) Three things needed for economic growth; investment, capital and entrepreneurship will decline if property right are not protected. A lower standard of living will follow. 2) The knowledge (human capital) the previous farmers had accumulated can’t be transferred to the new squatters. Agriculture production will decline. But once again government central planners know best.

“What A Disaster”: Chaos Returns To Venezuela One day After Massive Devaluation, at zerohedge.com. Decades of socialist central planning has put Venezuela in a position from which it can’t escape. Hyperinflation is being tried as a last resort. It won’t work. The economic situation in Venezuela is where government central planning of an economy eventually leads to if it is not stopped.

Destroying the Venezuelan economy has lead to migration problems for neighboring countries. Ecuador, Peru Tighten Entry Requirements For Venezuelans As Influx Swells, by Alexandera Valencia, at usnews.com. And this article.Brazil Deploys Troops To Venezuela Border After Migrant Chaos – “This Is Going To Turn Into War!” at zerohedge.com.

OTHER STUFF

The Big Self-Driving Car Problems: Artificial Intelligence Can’t Deal With Pedestrians, at economicpolicyjournal.com. When I told a friend of mine about a news article that was wondering why a self-driving car got into a wrecked. He said: “Seriously! Maybe it wrecked because no one was driving”. I have asked this question before; what do self-driving cars do when a deer runs across a four lane highway? This article brings up the same point about the unpredictable elements a self-driving car can’t be programmed to deal with. This is an example of why it is hard to centrally plan anything that involves human action. A self driving cars isn’t like a chemistry experiment where every element always act the same way. Also, what happens when the technology, which is created by flawed human beings, malfunctions. A driver has some options when his brakes fail. A self driving car has no options when the technology has a hiccup.

Instructor Tries To Quarantine Gun Owners In Back Of Class, by Frances Floresca, at campusreform.org. The good news is the university overruled the teaching assistant.

Some Inconvenient Gun Stats For Libs, at theburningplatform.com. The US is third in murders throughout the world. If you remove, Chicago, Detroit, Washington D.C, St Louis, and New Orleans the US is then 189th out of 193 countries in the entire world. What do these five cities have in common? Strict gun control laws.

Antifa Violently Attacks Man Holding Flag – Except He’s A Bernie Supporter, at zerohedge.com. No comment needed.

If Paul Manafort Is Going To Prison, Tony Podesta Should Be Joining Him, at zerohedge.com. Lady Justice has pulled off her blindfold. Now the only thing that matters is what side are you on. Are you part of the status quo or are trying to dismantle the status quo. In America today, does the rule of law exist?

Standards Go Out The Window As Employers Struggle To Fill Jobs, at zerohedge.com. There are more jobs than willing workers. Employers are overlooking previous requirements such as college degrees and work experience. At this moment anyone who is not employed probably isn’t a motivated worker. Most people today complain about receiving poor service from businesses. This makes my point because bad service usually means full employment.

Does A Fall In Unemployment Lead To Stronger Economic Growth? by Frank Shostak, at mises.org. More people being employed doesn’t lead to economic growth. Stronger economic growth leads to more employment. A job has to be a productive job for the economy to create wealth.  A job created by Government spending or a job created by Federal Reserve money printing destroys wealth.

REACTIONS TO TRUMPS TRADE POLICIES

I have been against Trumps tariffs because their cost is paid by your own citizens. Economic laws also tell us they hurt economic growth. I understand that Trump is trying to get countries to lower tariffs and trade restrictions by threatening them with corresponding tariffs and trade restrictions. This is a dangerous gambit.

Here is how I think Trump sees this situation. He thinks the U.S can take, lets say, thirty punches before it feels the pain. He also thinks that the EU, Mexico, Canada and China et al, can only take ten or fifteen punches before they feel the pain. He thinks these other countries also know this. He believes they will make concessions before real harm is done.

It is like a game of poker except he doesn’t bluff. I think these countries are beginning to understand Trump isn’t bluffing. A month ago the EU renegotiated some tariffs and trade restrictions. If you look at that along with these two articles: (China To Send Delegation For US Talks To Avert Trade War, at theguardian.com. and Trump Announces US-Mexico Trade Agreement As He Terminates NAFTA; Canada Left Out, at zerohedge.com.) He may be moving these countries off of their stances on tariffs and trade restrictions. I tip my hat if he pulls this off before the negative economic consequences take root.

CARTOONS from therightreasons.net.

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Must Read “Leftovers”

Posted August 21, 2018 by austrianaddict
Categories: Leftovers

Tags: , , , , , , , , , , , , , , , ,

MSM SINS OF OMISSION AND COMMISSION

The MSM reveals what it values not only by what stories it decides to cover, but how it cover it.

Feinstein’s Ties To China Go Way Deeper Than An Alleged Office Spy, at thefederalist.com. Did you know Senator Feinstein had a spy on her staff? Probably not if all you listen to is the MSM. But the real question is; did her husband, investor Richard Blum, benefit financially from the political ties his wife had with China? This is an example of why people want to drain the swamp. Feinstein and her husband became wealthy after she became a member of the political swamp. This is political privilege that you and I don’t have. This is why the swamp has to be drained.

New Mexico Judge Releases Jihadi Terrorist Camp Suspects Despite Pleas By Sheriff, FBI, at zerohedge.com. Here is another story the MSM has covered up by not covering it. If the MSM considers you a member of a protected group, you get shielded from scrutiny. The judge essentially gave these suspects a get out of jail free card when she ordered a signature bond with no bail. Is this judge a member of the swamp?

Antifa’s Violent Confrontations With Police, Journalists Mar Otherwise Peaceful Rally Counterprotesters, at foxnews.com. The media do what they do best. Hype a situation above the true reality. MSM sides with Antifa and against pro-white nationalists. MSM calls the opposition “counter protesters” instead of calling them Antifa. Even though Antifa physically attacked the press, all was forgiven. Didn’t journalist, Stalin apologist, and useful idiot Walter Duranty say, “you can’t make an omelette without breaking a few legs eggs”. The MSM either doesn’t understand or doesn’t care that both White-Nationalists and Antifa are branches from the same tree of tyrannical government central planning. Communism, Nazism, Fascism, Socialism are branches that produce the same poisonous fruit. Central control through government force.

Iraqi Refugee Accused Of Being ISIS Killer Arrested In California, at cnn.com. How did this guy get into the US in 2014? The MSM doesn’t want anything to do with this story.

STORIES I THINK ARE IMPORTANT

I am revealing what I think is important by what I’m posting.

From The “You Can;t Make This Stuff Up” Department, by Don Boudreaux, at cafehayek. Politicians in Europe want to control the growth in technological progress. They think they can stop the creative destruction of the market. What arrogance to think that you have the power, let alone the knowledge, to accomplish such a feat. This is “The Road To Serfdom”.

This Week In Economic History: Nixon Imposes Wage And Price Controls, at economicpolicyjournal.com. In August of 1971 Nixon took the US of the last vestiges of the gold standard, and implemented wage and price controls. This is a degree of economic central planning that Bernie Sanders would love. Economic central planning  didn’t work then and it won’t work now. I know, I know, it wasn’t tried by the right person. Nixon was an evil guy.

Democrats More Positive About Socialism Than Capitalism, at gallup.com. The question Gallup asked didn’t define Socialism or Capitalism. It just asks if the person’s opinion of each was positive or negative. Most people have no idea what socialism is. Although it sounds great. I remember how good it made me feel when I believed in Santa Claus. And I remember when I found out that Santa didn’t exist. Socialism is the make-believe world of Santa. Capitalism is the real world.

Forget Security Clearance, John Brennan Should Be Prosecuted, by Tho Bishop, at mises.org. Brennan’s CIA spied on Congress by hacking into Senate Intelligence computers. He then lied about the spying (read here). Excerpt from the article: “The conduct of Brennan’s CIA wasn’t limited simply to the Senate. Though in his current capacity as an MSNBC contributor, Brennan is now a passionate defender of the 1st Amendment and free press, his agency also hacked and spied on American journalists reporting on CIA torture.

If Trump wants to drain the swamp. He should revoke the security clearances of all former deep staters (individuals who worked for the FBI, CIA, NSA, DOJ etc).

“You Put Your Politics Before Us” – Benghazi Survivor Lashes Out At Brennan As Former CIA Boss Says “May Sue Trump” Over Security Clearance, at zerohedge.com. The CIA, FBI and NSA helped cover up what really happened in Benghazi. No one has a right to a security clearance. Keeping your clearance after you no longer “serve” is a perk of being a member of the deep state. This has everything to do with protecting the ability of deep staters to benefit financially. It has nothing to do with Brennan”s free speech. No one is keeping him from speaking. In fact this guy won’t shut up.

Tesla Sues The Government Of Ontario For Ending EV Incentives, at zerohedge.com. Elon Musk is a scam artist. Tesla can’t survive in the market unless it is subsidized by the tax payer.

Alberta Man Changes Gender On Government ID’s For Cheaper Car Insurance, at cbc.ca. Incentives matter. Ask Elizabeth Warren aka Pocahontas. She benefited by “fudging” the truth aka lying. I love the fact that this guy is using the government’s  absurdity against them.

London Mayor Wants A Car Ban, Since Regulating Guns And Knives Failed, at zerohedge.com. When is this guy going to figure out that guns, knives and cars don’t kill people. People kill people. This is government out of control. Excerpt from the article: “Well, since all the other laws aimed at preventing violence have failed, why not just keep banning things? Pretty soon, everything will be illegal in the UK and the people will wonder when they actually became slaves to the government.”

“We enter parliament in order to supply ourselves, in the arsenal of democracy, with its own weapons. If Democracy is so stupid as to give us free tickets and salaries for this bear’s work, that is its affair. We do not come as friends, nor even as neutrals. We come as enemies. As the wolf bursts into the flock, so we come. Joseph Goebbels.

Bake The Cake: The State Of Colorado Is Still Persecuting Baker Jack Phillips, by Ryan McMaken, at mises.org. It is hard to escape being in the cross hairs of the State. Mr. Phillips just won his Supreme Court case against the Colorado Civil Rights Commission and now they are after him again. The state is an instrument of force. If you are on the wrong side of the individual or individuals who are wielding the sword, you are screwed. They have unlimited resources and you don’t.

 

Must Reads For The Week 8/18/18

Posted August 19, 2018 by austrianaddict
Categories: Must Reads For The Week

Tags: ,

Aretha Franklin, the Queen of soul, passed away this week. What a UNIQUE talent. No one could or can do Aretha except Aretha. I spent some time on youtube this week listening to some of her performances. WOW. Enjoy these songs from the queen of soul. Especially the last three!

I SAY A LITTLE PRAYER

DAY DREAMING

UNTIL YOU COME BACK TO ME

GOOD TO ME AS I AM TO YOU

SOUL SERENADE

ANGEL

I don’t feel like posting any of the articles I normally post after listing to Aretha sing. Some times you have to escape the BS. that goes on in the world. For me, listening to this is an eraser on the blackboard of life. Go to youtube and start listening to some of Aretha’s music. Your heart and soul will get to a better place if you do.