Must Reads For The Week 1/11/14
The Forgotten Man (“The War On Poverty” Edition), by Chris Rossini, at economicpolicyjournal.com. The 50 year anniversary of the war on poverty begs the question: how much could have been produced, (including jobs) with all the money spent to fight the war on poverty?
NY Fed President Warns: We Have No Idea If We Will Be Able to Smoothly Unwind the Trillions In Excess Reserves if That Money Starts to Hit the Economy, at economicpolicyjournal.com. Look at the chart of all the electronically printed counterfeit money the Fed has printed since the “08” crisis. This money is blowing up the stock market bubble, it certainly isn’t creating jobs, as the chart in the article below shows.
People Not In Labor Force Soars To Record 91.8 Million; Labor Participation Rate Plunges To 1978 Lows, at zerohedge.com. These charts show the truth about unemployment. The unemployment rate dropping to 6.7% is meaningless outside of politics. A majority of the jobs created last month weren’t full-time, as the chart in the post below shows.
More Than Half Of December Jobs Added Were Temporary, at zerohedge.com. If fewer people are working, and the people with jobs are working fewer hours, are we consuming more than we are producing? Are we reaching the tipping point.
The Real Unemployment Rate, at zerohedge.com. People who aren’t looking for work are not counted as unemployed. I guess the unemployment rate depends on who you count as unemployed. This article shows more of what we are talking about in the previous articles.
Fed’s Jeff Lacker Admits “Asset Bubble”, And Reluctance To Pop It, at zerohedge.com. This isn’t the first time Lacker couldn’t bite his tongue before the truth slipped out. Read Here.
The Most Popular Political Party In America Is…, by Larry Krieger, at Liberty Blitzkrieg Blog, via zerohedge.com. The charts in this article show the increase of people identifying themselves as independents, while identification with the Republican and Democrat parties shrink. The information age is cutting into the monopoly that Government propaganda sources, like the mainstream media and the education system, have enjoyed for decades. The progressive central planners in both parties are starting to lose their advantage and won’t go quietly. The argument for individual liberty is winning.
The United States Of Shame – What Is Your State Worst At?, at zerohedge.com. I think I want to move to Idaho.
The Dumbest New Ban In 2014: Incandescent Light Bulbs, by Nick Gillespie and Todd Karinan, at reason.com. GE, Sylvania, and Philips went to Government to rig the market for their new more expensive CFLs when consumers decided they didn’t want to purchase these light bulbs. Crony capitalism at its finest.
Tags: Asset Bubble, Creating Temporary Job, Incandescent Light Bulb Ban, Independents Democrats Republicans, Jeffery Lacker Fed President, Labor Force Participation Rates, The Real Unemployment Rate, The War On Poverty, Tipping Point, Unwinding QE Money PrintingYou can comment below, or link to this permanent URL from your own site.