Must Reads For The Week 10/17/15

Kia is “pushing back on the frontier of ignorance”. Great Job Kia.

Dad fixes sons participation trophy.

Mom has clear vision of reality.

The Disgusting Corruption Of America’s Political Class, by Dan Mitchell, at freedomandprosperity.org. It may be disgusting but is perfectly reasonable when you consider the incentives. As Government increases its power, people will pay politicians to protect themselves from government regulation, or bribe politicians so they will keep competition our.

Fed’s Fisher Says 2015 U.S. Rate Rise ‘An Expectation Not A Commitment, at economicpolicyjournal.com. The Fed has been talking tough about an interest rate hike for the past year but have failed to pull the trigger. This shows how weak they think the U.S. economy is. The interest rate hike always seems to disappear like a mirage in a desert as you walk toward it.

Labor Force Shrinks, The Fed Has No Strategy, by Ryan McMaken, at mises.org. There are 94 million people of working age not in the labor force. This is 15 million fewer people working than were working in 2008. How can an economy be growing or healthy if fewer people are producing? The Feds only answer for a bad economy is to lower interest rates. Where do they go from zero percent? Negative interest rates?

One True Measure Of Stagnation: Not In The Labor Force, by Charles Hugh Smith, at oftwominds.com. This is a slightly different look at labor force participation in the US. Here is an excerpt from the article. “Heroic efforts are being made to cloak the stagnation of the U.S. economy. One of these is to shift the unemployed work force from the negative-sounding ‘jobless’ category to the benign-sounding ‘Not in the Labor Force’ category.”

According To Bernanke, This Was The “Biggest Impact Of QE“, at zerohedge.com. Bernanke said the biggest impact of QE was job creation. I think he needs to look at the work force participation rate chart that is on the Federal Reserve’s own website.

We All Know What Unions Don’t: Their History, by Amy Otto, at thefederalist.com. The Uber economy will make unions more extinct than the dinosaur that they already are.

Would-Be Killers Target Gun-Free Zones, by John Lott, at philly.com. HT libertypenblog.blogspot.com. Gun free zones are dangerous. From the article. “Since at least 1950, all but two public mass shootings in America have taken place where general citizens are banned from carrying guns.

Fortune 500 Firms In 1955 vs. 2015; Only 12% Remain Thanks To The Creative Destruction That Fuels Economic Prosperity, by Mark J. Perry, at carpediemblog. The consumer is the ultimate judge on whether a company remains survives.

 

 

 

 

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