Must Reads For The Week 5/16/15

The pen is mightier than the sword...

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

Lilly Camera Drone Films And Follows You, at wired.com. The drone films your movements by following a tracking device worn on your wrist.

More Creative Destruction For Transportation: Here Comes Bridj, The App Based ‘Uber Of Bus Transit‘, by Mark J. Perry, at Carpe Diem blog. The most productive and least costly way of providing services and products will win out in a free market.

Reduce Healthcare Costs With MediBid, at medibid.com. Obamacare is creating a true free market in healthcare, as providers and consumers work together to find more cost effective methods. I can’t believe I just said something good about Obamacare. Unfortunately for the central planners, it is an unintended consequence of a bad policy.

Socialist Government Madness: French Retailers Can Now Hold Sales Only Twice A Year, at economicpolicyjournal.com. Why doesn’t the French Government just take over the retail business. They obviously think they are smarter than the people who “own” these businesses.

Hawaii’s $205 Million Obamacare Exchange Implodes, by Alexander Hendrie, at atr.org. Low enrollment will force the Hawaii Obamacare exchange website to shut down by the end of the year, in spite of tax payer funding to the tune of $205 Million. Government politicians and bureaucrats thought they were smart enough to run the healthcare system, They’re not! Bureaucratic central planning doesn’t work as well as voluntary cooperation among individuals when it comes to coordinating men’s activities.

The Best And Worst Cities To Start A Business, at economicpolicyjournal.com. I know this is hard to believe, but seven of the bottom ten worst cities for starting a business are in that low tax low regulation high tax high regulation State of California.

Denmark Legislates Cashless Society, at pymnts.com. Here is a quote from the article, “electronic payments make banking systems more productive and lessen the need for an informal or shadow economy, which isn’t taxed nor monitored by the government.” Why should government be monitoring everything you do? Money came to exist as a free market phenomenon, not as a creation of government. Government took over the creation of money after the fact. Going cashless won’t stop Governments ability to electronically print counterfeit money, it will just give them power to monitor every transaction that you make.

The War On Cash Destroys A Small Entrepreneur, at economicpolicyjournal.com. The IRS seized the cash deposits of this small business. Government is force. It can be used against anyone who bureaucrats and politicians want to wield it against. Going cashless, like Denmark, will make it easier for you to be monitored.

College Enrollment Drops As Millennials Re-Enter Work Force, by Justine Underhill, at yahoo.com. They are starting to figure out that taking on large amounts of college loan debt isn’t worth it.

This Is How Government Backed Education Debt Works, economicpolicyjournal.com. The Government is giving out loans to kids who would not normally qualify for the financing. Does this sound similar to how the housing bubble was created leading up the 08 collapse?

Helio Castroneves Takes To The Air During Practice At Indy.

 

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