AUSTRIAN ECONOMICS ADDICT

The pen is mightier than the sword… (Photo credit: mbshane)

Seattle Socialist Council Woman Sawant Challenged On Proposed %15 minimum Wage Law, by Essex Porter, at kirotv.com. It’s hard enough keeping a regular politician from enacting socialist legislation, how much harder is it when you vote in an avowed socialist. I saw this at economicpolicyjournal.com.

Veterans Affairs Wind Turbine, Built For $2.3 Billion, Stands Dormant, by Tom Steward, at foxnews.com. Government politicians and bureaucrats will always pick economic losers because they don’t have to suffer the cost of making a bad choice like an entrepreneur would have to in the free market. It’s easier to risk tax payer money than your own. I saw this at aei-ideas.org.

How One Hospital Deals With Identity Theft, at economicpolicyjournal.com. You can’t make something like this up.

See What A Parent Wrote On Their Childs Common Core Math Assignment, by Oliver Darcy, at theblaze.com. When you see the complicated way a student used to solve a simple math problem, you have to ask if people in education realize that time is a scarce resource. The extra time spent solving this problem could be used in a more productive way; like learning basic math.

NY Times Reporter Says The Obama Admin. Is The Greatest Enemy Of Press Freedom In A Generation, by Oliver Darcy, at theblaze.com. The press has not been hammering the administration about its abuses of our individual rights. Hopefully they are starting to see how their right to a free press is being infringed. Don’t they understand that tyrannical Governments don’t want a free press, they want the press to be their propaganda arm.

Google Backed Lending Club Brings Peer-To-Peer Lending To Business Loans, by Lena Rao, at techcrunch.com. Since the Government is trying to torpedo virtual currencies like Bitcoin, I doubt that they can be happy with this trend in lending. The Federal Reserve has a monopoly on electronically printing counterfeit money, and member banks loaning out this counterfeit money is one of the ways the Fed injects it into the economy. The Government will fight peer-to-peer lending and virtual currencies because they are a threat to the Federal Reserves monopoly on money printing, which is how the Federal Government finances its debt. I saw this article at aei-ideas.org.

College Students Fail To Name A Single U.S. Senator, at economicpolicyjournal.com. This short video speaks for itself.

Boeing Has Its Own Government Bank: Is It Creating A Bubble In Boeing Jumbo Jets, at economicpolicyjournal.com. Here is an excerpt from the article, “The Export-Import Bank of the United States is a federal agency that subsidizes U.S. exports through loans and loan guarantees to foreign buyers of American-made goods. U.S. taxpayers bear the ultimate risk if these loans go bad.” Boeing is making out like a bandit on these deals. Crony Capitalism at its best, or worst.

Police Say Ride Share App “Lyft” Violates City Ordinance, by Robert Price, at foxanantonio.com. The battle is always between  established businesses who want their monopoly status protected, and new businesses who create a new market for their service. Creative destruction is the rule in a free market, and protecting the status quo is the rule in a crony capitalist system. Politicians and bureaucrats don’t want the decisions of millions of individuals in the market to interfere with who they think should succeed or fail.

I saw these cartoons at theburningplatform.com.

This entry was posted on March 29, 2014 at 1:57 am and is filed under Must Reads For The Week. You can subscribe via RSS 2.0 feed to this post's comments.

Tags: Bureaucratic Stupidity, College Students Ignorance, Common Core Math Problem Solved, Crony Capitalist Boeing, Identity Theft, Peer-To-Peer Lending, Press Freedom Threatened, Raising The Minimum Wage, Ride Share App 'Lyft', Seattle Socialist Sawant, theburningplatform.com, Wind Energy Fails