Must Reads For The Week 8/2/14

The pen is mightier than the sword...

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

Happy 102nd Birthday Milton Friedman, by Mark J. Perry, at Although not a favorite of Austrian economists, reading his book Free to Choose started me on the correct road. This article has many great quotes, like this one: President Kennedy said, “Ask not what your country can do for you — ask what you can do for your country.”… Neither half of that statement expresses a relation between the citizen and his government that is worthy of the ideals of free men in a free society. “What your country can do for you” implies that the government is the patron, the citizen the ward. “What you can do for your country” assumes that the government is the master, the citizen the servant.

The Invisible Hand Of Government, at More Milton Friedman. Short video about incentives that exist in the market vs. incentives that exist in politics. It is our fault government has taken away so much individual freedom. We are the only ones who can restore this freedom, it can only happen from the bottom up.

More Evidence That Competition Breeds Competence, by Mark J. Perry At Because Uber and Lyft are providing quality service to customers, Taxi companies are losing business. As a result cab drivers are taking a Hospitality Management program at South Seattle College. Consumers win in a free market, businesses win in a crony capitalist system.

DC’s Gun Restrictions Takes One Between The Eyes, by Ross Kaminsky, at Gun grabbers will be going crazy over this ruling.

The Worst Comment On Economics That You’ll Read All Day, by Chris Rossini, at Washington Post Columnist E. J. Dionne said, “..curtailing SNAP would be devastating…. food stamps also offer an immediate economic stimulus at moments when the economy is losing purchasing power“. Money that is taken {stolen} from me and given to another person doesn’t stimulate the economy, it merely transfers purchasing power. As Chris Rossini says, “Does theft now provide “economic stimulus”? What an interesting point of view. Remember that if you’re ever confronted by a mugger on a city street. His stealing of your money provides an “immediate economic stimulus”! He should be praised, and not cast as some sort of villain! You’re the villain should you seek to curtail him.”

What’s Wrong With Global Warming, by Greg Morin, at The “settled” science on global warming is becoming a bit unsettling for the true believers, because reality isn’t cooperating with what their scientific models have been predicting.

DHS Seizes Land Rover Over EPA Regulations, at The lady in this video is in disbelief that something like this actually happened. She sums it up saying,  “I’m surprised that someone can come in and take your property“. Read article here. Can we all agree that this an example of Government being to big. They stole her vehicle, under the protective umbrella of EPA regulations. Things like this can’t happen to you; can they?

Cartoon Explaining Israeli-Arab Conflict, I saw this at This is a good, for a more in depth explanation read previous post, Define Winning and Losing In The Israeli-Arab Conflict.

Six Current Economic Myths And Realities, by Patrick Barron, at Austrian economist Patrick Barron lists six economic myths that the main stream media reports as truth.

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