Must Reads For The Week 7/23/16

The Economics Of Trade vs. The Politics Of Trade Deals, by Mike Mish Shedlock, at davidstockmanscontracorner.com. Mr. Trump should read this. Excerpt from the article: “A genuine free trade agreement would consist of a single statement: “Effective immediately, all tariffs and subsidies, on all goods and services, are removed.” “Fair Trade” is a concoction by industries that seek or need protection via tariffs and import restrictions, to the damage of everyone else…..The irony in the “fair trade” argument is no jobs are saved by tariffs.

Venezuela Where Hyperinflation Meets Socialism And Price Controls, by Fabiola Zirpa, at economicpolicyjournal.com. Why can’t we learn from the mistakes of other countries? This is just the most recent example of the consequences when socialists try to centrally plan the economy. When we look at Venezuela today we can’t fathom that this could happen here and it probably couldn’t get this bad. But the question is; how much has our standard of living incrementally decreased, or not grown, because of the money printing that has taken place over the last two decades? We can’t quantify it. But we can say with certainty that we aren’t where would have been economically if the Fed hadn’t printed 4 trillion counterfeit dollars.

Minimum Wage Forces LA Diner Pann’s (est. 1958) To Stop Serving Dinner, at economicpolicyjournal.com. We can show story after story of the consequences of artificially raising the minimum wage above its market value. Jobs are lost. But somehow politicians get by with implementing these laws. It has to be because of the economic ignorance of our citizenry.

Interesting Fact Of The Day, Uber Completes 2 Billion Rides, by Mark J. Perry, at carpediemblog. It took six years for Uber to reach 1 billion riders. It took only six months to get its next 1 billion riders. In a free market the consumer wins. Consumers are voting for ride sharing and against the taxi monopoly. Big taxi can’t stop Uber, unless big taxi supplies a better service at a cheaper price.

Yoshi Launches “set it and forget it” Vehicle Refueling In San Francisco, by Lora Kolodny, at techcrunch.com. This is like “back to the future”. We went from full service gas stations (this was before the millennials time). To self-service gas stations. Now we’re going back to full service, except they drive to your house.

Startup Makes Investing Fee Free, opprotunitylives.com. This is like Uber except for trading stocks. Will the brokerage houses try to get government to stop this like the taxi cartel has tried to do with Uber?

The Unique Evil Of The Left, by Lew Rockwell, at mises.org. Excerpt from the article: “The left is the enemy of Diversity and the fanatical promoter of identity. Uniformity is stressed in all leftist utopias, paradises in which everybody is the same, envy is dead, and the enemy is either dead, lives outside the gates, or is utterly humiliated. Leftism loathes differences, deviations, stratification.”

Virginia Court Strikes Down Order Giving Felons Right To Vote, at new-ssentinal.com. Virginia Governor Terry McAuliffe, a former Clinton crony, attempted to mine 200,000 Democrat votes by restoring the voting rights of felons using an executive order. It was shot down by the Virginia Supreme court. I was shocked, shocked mind you when the Court said his executive order restoring voting rights to felons, “overstepped his authority”. This sounds familiar……? Didn’t the President have his executive order on immigration shot down by the Supreme Court for the same reason.

The Political Class vs. The Rest Of Us, by William L. Anderson, at mises.org. It is not R vs. D or any other groups the R’s and D’s construct and pit against each other. The Only Real Division Is THE POLITICAL CLASS VS. THE REST OF US! Until individuals realize this, “the era of big government will never be over”.

If The Public Shouldn’t Have Them, Why Does The IRS Need AR -15’s? at zerohedge.com. Great question.

Former Navy: The AR-15 Is A Citizens Best Defense Against Terrorism, at thefederalist.com.

 

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