AUSTRIAN ECONOMICS ADDICT

To Our Readers, From Publisher And Executive Editor Of The New York Times, at nytimes.com. This is all you need to know about the mainstream media. Here is an open letter to the readers of The New York Times from Arthur Sulzberger Jr. the publisher of the Times. This letter was published in the Times the Sunday after Trump was elected President. Sulzberger Jr. admits dishonest reporting by the Times. Here is an excerpt from the letter:

“As we reflect on the momentous result, and the months of reporting and polling that preceded it, we aim to rededicate ourselves to the fundamental mission of Times journalism. That is to report America and the world honestly, without fear or favor, striving always to understand and reflect all political perspectives and life experiences in the stories that we bring to you. It is also to hold power to account, impartially and unflinchingly. You can rely on The New York Times to bring the same fairness, the same level of scrutiny, the same independence to our coverage of the new president and his team.”

If you say you are going to “rededicate” yourself to do a specific thing, doesn’t that mean you weren’t dedicated to doing that specific thing in the first place? This letter proves what growing numbers of people already know, and that is the mainstream media is biased toward big government central planning. Freedom of the press was supposed to check government power, not promote the increase of government power.

It’s good to know the Times has miraculously found the religion of honest reporting just as a Republican President is about to be sworn in. Does anyone think their reporting on Trump during his upcoming Presidency will be any different from how they reported on Trump during the Presidential campaign?

The MSM has lost all credibility.

Mainstream Media Goes Full McCarthyite, by Hunter Lewis, at mises.org. Excerpt from the article: “Senator Joe McCarthy perfected the technique in the United States: whenever you disagree with anybody, don’t debate ideas, go right into name calling. In McCarthy’s day, the epithet of choice was  “Communist.”  In recent years, it has morphed into  “racist, sexist, homophobe, latinophobe, Islamophobe, xenophobe etc., etc“. If you want smaller government you are a racist, sexist, bigoted, homophobe……….

Who’s Behind The Portland Riots? 60% Of Arrested Anti-Trump Protesters Were From Out Of State, Didn’t Vote, at zerohedge.com. All these rent a mob riots are happening in cities that are controlled by Democrats. Which means I don’t care.

Soros And Liberal Mega-Donors Plot For War With Donald Trump, at zerohedge.com. Should we believe anything we read in the MSM about Trump?

Ryan Slams Brakes On Vote To Bring Back Earmarks, at cnn.com. This article is why I really don’t want to defend Trump and the Republican party. There are a bunch of status quo elites in the Republican party who want  government to grow. This vote was postponed, which means it probably will be brought up again. We have to hold their feet to the fire.

Profs, Students Want UVA President To Stop Quoting Jefferson: It Creates A Hostile Environment, by Robbie Soave, at reason.com. Two points. 1) Do they know Jefferson  founded the University of Virginia? 2) How is their inability to handle opposing views our problem? Isn’t it their problem?

GM Slashes 2000 Jobs, Suspends 3rd Shift On Bloated Inventories, Slowing Sales, at zerohedge.com. And in an unrelated story: A Record 25% Of Used Car Trade-Ins Are Under Water, at zerohedge.com. Using sub prime loans to stimulate demand doesn’t end well. Look at the housing bubble. As false signals are sent to car manufactures, they ramp up production to meet the false demand. When the bubble pops, jobs and hours are cut. The increased inventory has to be sold off before production is ramped up again. The coordination between production and consumption that happens naturally in a free market is distorted in a hampered market. Scarce resources, time, labor, and capital are wasted in the hampered market. In a free market this waste is kept to a minimum.

Four States Vote To Punish Low-Skilled Workers With Minimum Wage Hikes, by Ryan McMaken, at mises.org. How many ties do we have to show the folly of minimum wage laws? Here is an excerpt from the article: “..the only way to sustainably increase the wages of workers is to increase their productivity. If a worker’s wages are to go up, there must either be an increase in the demand for that worker’s services, or the worker must be able to produce more in less time.” This is a great article.

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This entry was posted on November 19, 2016 at 1:35 am and is filed under Must Reads For The Week. You can subscribe via RSS 2.0 feed to this post's comments.

Tags: Anti-Trump Protests, Four States Vote In Minimum Wage Hikes, GM Slashes Jobs, Jefferson founded University Of Virginia, Main Stream Media Bias, Mainstream Media goes McCarthyite, New York Times, Portlands Rioters Are From Outside the State, Republicans Want To Bring Back Earmarks, Ryan Stops Vote On Earmarks, Soros Plots War On Trump, Suszberger Admits Lack of Honesty, University Of Virginia President Stops Quoting Jefferson, Used Car Trade-Ins Are Under Water