Must Reads For The Week 12/5/15

Economics Is About Scarcity, Property, and Relationships, by Michael J. McKay, at mises.org. A free market is about  individuals making voluntary exchanges of what they own (property) in a world of scarcity.

The Department of Agriculture is a Welfare Scam, by Dan Mitchell, at freedomandprosperity.com. Crony capitalism for big Agribusinesses consists of subsidies, handouts, and favorable regulation, all on the tax payers dime. We also have to pay higher prices than would be charged in a true free market.

Black Friday Breaks Record With 185K Gun Background Checks, at tammybruce.com. No comment needed.

Chart Of The Day: More Guns Less Gun Violence Between 1993 and 2013, by Mark J. Perry, at carpediemblog. No comment needed.

Hunger And War In WWI Germany: Remembering The Slaughter Of Pigs, by T. Hunt Tooly, at mises.org. The During WWI, the German Government fixed the prices of potatoes. This made it more profitable for the farmers to feed them to their hogs. The result was a potato shortage (which is what happens when government sets a price ceiling). The government solution to the potato shortage they created was to kill a third of the pig population. This resulted in a shortage of pork and potatoes. Central planners are much smarter than the market!

Extreme Poverty Worldwide Has Plummeted As Market Economics Has Spread, by Ryan McMaken, at mises.org. The best anti poverty plan is to keep governments from interfering in the free market. Just think how prosperous the world would be if government sanctioned central banks hadn’t printed multiple trillions of dollars over the past ten years.

Incentives, Ideology, and Climate Change, by Peter G. Klein, at mises.org. Excerpt from the article: “journalists think  that “scientists are disinterested truth-seekers immune from institutional and organizational constraints. This is the default assumption about scientists working within the general consensus of their discipline. By contrast, critics of the consensus position, whether inside our outside the core discipline, are presumed to be motivated by ideology or private interest.”

A Behind The Scenes Look At The November Jobs Report, by Jonathan Newman, at mises.org. Government jobs and jobs created because of Obamacare provisions are part of this increase. Tax payer funded jobs are not productive jobs.

Video Captures At Least Nine Cops Surround, Shoot A California Knife Wielding Man, at reason.com. I have one question. Why don’t cops carry billy clubs anymore? This guy would be beaten and bruised, but at least he would be alive. Can someone help me out on this?

Person Who Made Racist Death Threats Against Blacks…Is A Black Woman Who Participated In Protests, at thepcgraveyard.com. No comment needed.

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