Must Reads For The Week 5/24/14

The pen is mightier than the sword...

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

Net Worth Of College Grads With Student Debt Is 20% Less Than High School Grads With No Debt, at zerohedge.com. We’ve been told that a college education is an investment in the student’s future. In reality a college education is simply a redistribution of a graduates present and future labor to the federal government who gave them the loan, and the college who received the loaned money. It’s similar to what happened in the housing bubble. But in this case, the university gets the immediate payment, and the Government gets a steady payment of interest, and principle which was probably electronically printed counterfeit money. Read, Young People Get Hooked Into Huge Debt When They Take The Student Loan Bait, and also, Follow Up To Student Debt Post.

Obama Administration Using Scare Tactics To Discourage Government Whistleblowers, at economicpolicyjournal.com. The most “transparent administration” doesn’t want the whistleblower to show what is behind the curtain. Politicians and bureaucrats want to be able to see everything we do, and hide everything they do, unless of course it can be used for political gain.

Mark Cuban: “I’m Bigoted In A Lot Of Different Ways, at economicpolicyjournal.com. You discriminate against everyone else when you choose certain people to be your friends. You discriminate when you choose which person to marry, which plumber to use, which players to keep on your basketball team, which restaurant gets your money. All of us discriminate daily.

Michelle’s: “Eat What I Tell You” Program Is Crashing, at economidpolicyjournal.com. Excerpt from the article, “Local nutrition directors are demanding more flexibility and freedom. Look no further than school districts in Los Angeles and Chicago.” If local directors want more freedom to make decisions, that must mean that The Health Hunger Free Kids Act took away these freedoms when it was passed. Every Government rule takes away individual freedom. In this case it’s the freedom to choose what you want to eat, and the freedom to provide what people want to consume.

Jaguar Attacks Crocodile, this video is unbelievable.

Super Cell Time Lapse 5/18/14  Wright to New Castle, WY. at Basehunters Chasing. Truly amazing video of a super cell forming and dissipating.

The Next Obamacare Scandal: A Taxpayer – Funded Bailout Of Insurers, at zerohedge.com. Now we know why insurance companies were for Obamacare. They were going to be the next, “too big to fail industry”, that would be bailed out by the tax payer. So let me get this straight, our insurance premiums go up, and we also have to pay for the insurance company’s potential bailout. The Affordable Care Act isn’t really affordable for us.

Housing More Unsound Now Than During The Last Bubble, at zerohedge.com. The Fed has been buying mortgage backed securities for some time now. They are taking bad paper off the market and hiding on their balance sheet. This has cleared the way for another round of bad mortgages to be created. The Fed is a one trick pony and that trick is electronically printing counterfeit money. Read Housing Recovery, Or Just Another Bubble.

Why Central Bank Stimulus Cannot Stimulate An Economic Recovery, by Patrick Barron, at patrickbarronblogspot.com. This is a really good article and will be our heavy lifting for the week. Here are excerpts  from the article, “…Keynes tried to prove that production followed demand and not the other way around……. Keynesian aggregate demand theory is nothing more than a justification for counterfeiting. It is a theory of capital consumption and ignores the irrefutable fact that production is required prior to consumption….The consequence of this violation of Say’s Law is capital malinvestment, the opposite of the central bank’s goal of economic stimulus. Central bank economists make the crucial error of confusing GDP spending frenzy with sustainable economic activity. They are measuring capital consumption, not production.” 

I saw these two pictures at libertariangirl facebook.

Photo

 

Hal Redden's photo.

 

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