AUSTRIAN ECONOMICS ADDICT

ECONOMICS

Hurricane: Florida AG To Prosecute “Price Gougers”, by Tho Bishop, at mises.org. Increased demand for scarce resources means prices will go up. Higher prices tell consumers to demand less, and producers to supply more. Scarce resources will be sent to Florida where they are needed the most because of the high prices. And people in Florida will only purchase what they need of these scarce resources at these higher prices. Prices ration scarce resources.

DC’s Minimum Wage Hike Results In 1400 Restaurant Jobs Lost In 1st 6 Months of 2016 – Biggest Drop In 15 Years, at ecocnomicpolicyjournal.com. How many times does the disastrous  results of increasing the minimum wage have to be seen before people and politicians understand that wages are set by supply and demand? Paying labor more than what it produces means that labor will eventually be priced out of the market.

Free Trade Wins: The TTIP Is In Trouble, by Mark Thornton, at mises.org. Hillary and Trump don’t understand that trade deals made by politicians only benefit crony corporations at the expense of consumers. Here is a great trade deal: Individuals in our country can trade with individuals in other countries without interference from Government rules and regulations.

The Right Lessons From Obamacare’s Meltdown, by Ron Paul, at mises.org. Don’t blame the free market for the results of Government intervention.

As Predicted, Obamacare Is Absolutely Killing The Middle Class, at zerohedge.com. We were promised that health insurance payments would decrease, but they have exploded. These higher premiums hurt the middle class the most. Wealthy people can afford the increase, and poor people will get taken care of with our tax dollars.

Venezuela’s Latest Response To Food Shortages: Ban Lines Outside Bakeries, at zerohedge.com. The old saying in the former Soviet Union was, “If you see a line starting to form, get in it!” Lines are a way to ration scarce resources in socialist economies. In Venezuela The National Superintendency of Fair Prices (that sounds like wonderful agency) is going to fine bakeries that let lines stretch out their front doors. They say the lines are forming because their political opposition is trying to win the propaganda war. Propaganda doesn’t keep food off of store shelves or stock the shelves with food. Individuals cooperating in free markets bring food to store shelves.

The Happy Reality That Sports Stars Get Paid More Than School Teachers, at economicpolicyjournal.com. You pay a higher price for scarce talent. Excerpt from the article: “So let me ask: would you prefer to live in a world in which the number of people who can skillfully fight fires and teach children is large but the number of people who can skillfully play sports and act is very tiny, or in a world in which the number of people who can skillfully fight fires and teach children is very tiny but the number of people who can skillfully play sports and act is large?”

Demographic HomeMageddon Underway….Will Last Until 2035, at zerohedge.com. Free markets will deal with the demographic shift in the population of the US. Government intervention into the economic realities created by demographics, will turn these realities into real problems.

OUR RULING ARISTOCRACY SHOWS DISDAIN FOR THE BENIGHTED MASSES

The Dog Ate My Homework Excuse.

Hillary Told FBI She Thought Classified “C” Markings Were Just “Alphabetical Paragraph” Markings, at targetliberty.com. This from the smartest women in the world? This is a whopper of a lie.

FBI Reveals Hillary Could Not Recall Briefings Due To Concussion,Clot, at zerohedge.com. I’ve learned from the Clintons to never say ‘you can’t remember’. Always say ‘you can’t recall’. I guess saying ‘you can’t recall’ is a way to legally get around perjury?

Yeah That’s Really Funny.

Mark Toner, deputy spokesman for the State Department, as well as the reporters at the press conference show who they really are in this exchange. Someone should have called them out on this. You didn’t get away with this s#!+ where I grew up.

This entry was posted on September 3, 2016 at 2:43 pm and is filed under Must Reads For The Week. You can subscribe via RSS 2.0 feed to this post's comments.

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