AUSTRIAN ECONOMICS ADDICT

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

The CEO Who Raised Minimum Wage To $70,000 Just Got Smacked With A HARSH Dose Of Reality, by Norvell Rose, at westernjournalism.com. You can’t increase wages above what they produce. No matter how much someone wants to deny economic forces, they are always in play and they eventually correct. In this case there were some unintended consequences that many didn’t see.

Least Transparent Ever: IRS Used “Wholly Separate” Message System To Hide Communications, at zerohedge.com. This doesn’t shock anyone does it?

Pictures Worth A Thousand Words: The Chinese Eco-City That Became A Ghost Town, at davidstockmancontracorner.com. The Central Bank printing press produces a complete waste of scarce resources, labor, and capital that had alternative uses.

Chart Of The Day: $4 Trillion Of Fed Money Pumping Since 2000 Has Done Nothing For Main Street, at davidstockmancontracorner.com. The Federal Reserve electronic printing press produces a complete misallocation (waste) of scarce resources, labor, and capital that had alternative uses.

A Preview Of Obamacare? Puerto Rico’s Health Care System Is Headed For An All Out Crisis, at economicpolicyjournal.com. Central planning distorts information about supply and demand. Market prices coordinate supply and demand. We shouldn’t be surprised. Central planning increases the power of politicians and bureaucrats at the expense of the individual.

Food Riots In Venezuela (One Dead), at economicpolicyjournal.com. The fruit of the central planning tree.

Venn Diagram Of The Day, by Mark J. Perry, at carpediemblog.

Indian Restaurant Fined For For Wanting ‘Experienced Indian Waiter’, by Thomas Novelly, at freebeacon.com. The New York City Commission On Human Rights, (a name that’s meant for mischief), is sticking their nose where it doesn’t belong. The restaurant has been closed for a year since the trial has been going on. Is the NYC Commission on Human Rights worried about the “human rights”of the people who are no longer working because of the shutdown?

Here Is The Reason Why GM’s July Sales Smashed Expectations, at zerohedge.com. The Government is buying fleets of cars from Government Motors. Your tax dollars at work. GM should have gone through bankruptcy. Both Bush and Obama bailed GM Out.

Opternative’s Online Eye-Testing Service Returns Prescriptions In 24 Hours, by Nick Lavars, at gizmag.com. If Government wouldn’t have intervened into the healthcare system with the Affordable Care Act, the market would have brought down prices. Can what’s left of a free market in healthcare outpace the growth of our quasi socialist healthcare system, aka Obamacare.

Cartoons About Planned Parenthood, at lifenews.com. See the rest here.

This entry was posted on August 7, 2015 at 11:25 pm and is filed under Must Reads For The Week. You can subscribe via RSS 2.0 feed to this post's comments.

Tags: $4 Trillion Fed Money Pumping, Central Banks Printing Press, China's Ghost Towns, Food Riots In Venezuela, GM Government Motors, Government Buys GM July Increase, Gravity Payments, Indian Restaurant Fined, Intellectual Inconsistency Of Politicians, IRS Hides Communications, IRS vs Conservative Groups, Main Street, Minimum Wage $70.000, NYC Commission On Human Fights, Online Eye-Testing, Planned Parenthood Cartoons, Prescriptions in 24 Hours, Puerto Rico Health Care System In Crisis, Venn Diagram