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Must Reads For The Week 8/26/17

August 26, 2017

Sears Death Spiral Accelerates: Vendors Halt Shipments As Cost Of Default Insurance Soars, at zerohedge.com. This is an example of a company not keeping up with a changing market. What is interesting is Sears started as a mail order warehouse business similar to Amazon today. As population changed from rural and cities to suburbs Sears began to open brick and mortar stores. It became the largest retailer in the US until 1989. It is amazing that Sears doesn’t remember it’s mail order roots, as internet sales is similar to what their original mail order business was. The company which started as a mail order company is about to go under because of the competition from on-line businesses. No company owns a share of the market at any time as long as others are allowed to compete. Sears would have been better off lobbying Government to make selling on the internet illegal. That is what a true crony business would do.

Tesla Is The World’s 4th Largest Automaker (Despite Only Selling 76,000 Cars In 2016) at zerohedge.com. Excerpt from the article: “Tesla is producing less than 1% as many cars as GM, but is worth more in market value.” Tesla’s value is based on expectations of future sales. The fact that Tesla is being subsidized by tax dollars creates a distortion about the reality of its future sales. This is crony capitalism at its best or worst.

Are Central Banks Nationalizing The Economy, by Daniel Lacalle, at mises.org. Excerpt from the article: “ The government is not issuing “productive money” just a promise of higher revenues from higher taxes, higher prices or confiscation of wealth in the future. Money supply growth is a loan that government borrows but we, citizens, pay. The payment comes with the destruction of purchasing power and confiscation of wealth via devaluation and inflation. The “wealth effect” of stocks and bonds rising is inexistent for the vast majority of citizens, as more than 90% of average household wealth is in deposits. In fact, massive monetization of debt is just a way of perpetuating and strengthening the crowding-out effect of the public sector over the private sector. It is a de facto nationalization. Because the central bank does not go “bankrupt,” it just transfers its financial imbalances to private banks, businesses, and families.”

The Relationship Between Saving And Money, by Frank Shostak, at mises.org. This article explains the difference between real savings and money. Excerpt from the article: “Saving as such has nothing to do with money. It is the amount of final consumer goods produced in excess of present consumption……It is not money that funds economic activity but the saved pool of final consumer goods. The existence of money only facilitates the flow of the real savings.“

Grab A Beer In Philadelphia, The Soda Is Too Damn Expensive, at zerohedge.com. When a soda tax makes soda more expensive than beer, we shouldn’t be surprised when more people choose to buy beer. Will the government be held liable if we start to see an increase in drunken driving accidents?

The Eclipse: How Markets Could Have Prevented The “Traffic Nightmare“, by Ryan McMaken, at mises.org. After the eclipse there were more cars trying to travel on the highways than there was room on the highways. It was a situation of overcapacity. More demand than supply. Short supply can be rationed by increasing prices or by waiting in line. Since there was no way to make people pay, long lines were the default position.

How Welfare States Make Us Less Civilized, by Per Bylund, at mises.org. In a market people have to cooperate to get what they want. The freer the market the more civilized we become. Welfare doesn’t promote cooperation. The welfare state forcibly takes goods from producers and gives a portion of the stolen goods to non producers while keeping a portion of the stolen goods for the state. The people who are having their production stolen don’t have warm fuzzy feelings for the other two groups. The people receiving the stolen money feel entitled. And the politicians feel the increase of their power.

Overall The NFL Gets A Letter Grade Of A+ For Players” Race, But an F- For Kickers And Punters, by Mark J. Perry, at carpediemblog. Sports is great because it rewards value. Why does it reward value? Because coaches are being paid to win. And winning or getting fired incentivizes coaches to keep players because of the value they consistently produce.

Mizzou Pays A Price For Appeasing The Left, at theburningplatform.com. College administrations don’t have to give in to the leftist radicals causing problems on campuses. The fact that they do tells us they either agree with the radicals, or they are surrendering because they are cowards. The only way to change the behaviour of the administration is to make them fear losing revenue more than they either fear the radicals or agree with the radicals.

Europe Is Committing Demographic Suicide, at zerohedge.com. The Muslims are playing the long game. Excerpt from the article: “Europe is committing demographic suicide, systematically depopulating itself in what British historian Niall Ferguson has called “the greatest sustained reduction in European population since the Black Death in the fourteenth century…..Europe’s Muslims appear to be dreaming of filling this vacuum……Muslim believers know very well that their fertility is such today, that they call it…the Great Replacement. They tell you in a very calm, very positive way: ‘One day all this, all this will be ours’ ….”

Police Report: Crazed Kennedy Behavior That Got Them Arrested, at targetliberty.com. It’s not surprising that politically connected families think they are above the law.

Former U.S. Attorney On Awan Indictment: “There Is Something Very Strange Going On Here”, at zerohedge.com. This story is a perfect example of why the mainstream media is being called fake news. This story is not fake which is why the mainstream media is not covering it. They advance their ideology not just by deciding which stories we should know, but also deciding which stories they think we don’t need to know. This is fake news by omission.

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Political Cartoons by Tom Stiglich

Political Cartoons by Steve Kelley

 

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‘The Onion’ Can’t Compete With The ‘Real’ News.

August 23, 2017
Sense vs Nonsense - Traffic sign with two options - meaningfulness and usefulness based on reason and vs stupid, silly and illogical absurdity

How can the ‘fake’ news ‘Onion’ stay in business when it can’t compete with the humor provided by the ‘real’ news?

‘The ONION’ couldn’t make up these two (real) stories:

ESPN Removes Robert Lee From Calling U-Va Game In Charlottesville Because Of His Name, – The Washington Post.

Traveler, USC Mascot, Comes Under Scrutiny For Having A Name Similar To Robert E. Lee’s Horse, – The LA Times.

Here is a story The ONION came up with: Six Flags Removes Confederate Flag.

Which is better?

How absurd have the squeaky wheels and the media become when a ‘Real Fake News Paper’, which is trying to be funny, can’t come close to being as funny as the ‘real’ news stories which are supposedly serious.

The good news is a majority of people can’t relate to this absurdity. And as the media continues to cover the behaviour of the people on the fringe, more people will see it for what it is and stand against it.

 

THE SILLIEST GENERATION

Victor Davis Hanson’s recent article titled: The Silliest Generation,  gives great insight into the world in which we live. It makes you think, which is always a good thing. Here are some excerpts from the article:

“Every generation, in its modesty, used to think the prior one was far better. Tom Brokaw coined “The Greatest Generation” to remind Americans of what our fathers endured during the Depression and World War II—with the implicit message that we might not have been able to do what they did.””

Yet what is strange about the present age is that our current generation uniquely believes just the opposite. Apparently, we believe that most cadres before us were not up to our standards. Indeed, we are having to clean up their messes of racism, sexism, homophobia, nativism, xenophobia, and Islamophobia, as well as environmental desecration and global warming.”

“Apparently, proof our generation’s genius is that no one in the past had a clue how to build an iPhone or do a Google search—or even make a good Starbucks Teavana shaken pineapple black tea infusion. Yet given our own present lack of humility and meager accomplishments, we have combined arrogance with ignorance to become the smuggest generation in memory. What good is the high-tech acceleration in delivering information if there is now precious little learning to be accelerated? Google is an impressive pump, but if there is no real water, what is the point of delivering nothing faster?”

“For the silliest generation, human nature should somehow be seen as perfectible as a smartphone app. So no wonder we allow no glitches in the way people talk or think, if we sense they dare to deviate from our programmed correctness.”

“Rhetoric trumps muscle. The majority of Americans no longer work with their hands, grow food, make or build things, and they are paid quite handsomely to avoid such drudgery. But the result on society at large is that abstraction rules over practicality, and nature remains theoretical and deified rather than concrete and thus sometimes feared.”

“Those who sit at desks all day believe nature is mastered as easily as the temperature control in their offices—without much acknowledgement that different sorts of people are pumping natural gas to heat turbines to make electricity to send it into high-rises—and it isn’t always easy or clean. Techies love four-wheel drive cars, hiking boots, and parkas, as if by being prepared to go anywhere they can feel good about going nowhere.”

“The more technologically sophisticated we become, the more like a Mycenaean top-heavy palace we grow vulnerable. If the grid goes down, will those in Menlo Park learn that food is not grown at Whole Foods or that there is no such thing as a raisin plant?”

“This present generation’s impulse to play judge, jury, and executioner of the culpable of our past takes for granted that it does so as the moral superior of our forefathers. But that premise is an unfounded assumption.”

 

Related Article – If you liked that article, you might want to read another recent article by Victor Davis Hanson titled: Our War Against Memory.

 

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Must Reads For The Week 8/19/17

August 19, 2017

CNN’s Wolf Blitzer Speculates That Barcelona Attack May Be “Copycat” Of Charlottesville, at zerohedge.com. He really didn’t say that did he? Running into crowds of pedestrians with vehicles (preferably trucks) has been the new modus operandi of the terrorists for quite some time now (read here).

Before “Fake News”, America Invented “Pseudo Events”, by Ryan McMaken, at mises.org. Excerpt from the article: “Rather than attempt to supply a detailed look at who was at the event, what was done, and what the participants – from both sides – have to say about it, we are instead exposed primarily to what people in Washington DC, and the political class in general, think about the events in which they were not directly involved. This focus illustrates …. a bias toward focus on the national intellectual class rather than on events that take place outside the halls of official power. Note, however, that those quoted rarely have any special knowledge about the events themselves. Their opinions are covered not because they are knowledgeable, but because their quotations fit easily into a narrative that the media wishes to perpetuate.”

Why Isn’t Communism As Hated As Nazism? by Dennis Prager, at Prager University.

Privatize The Public Monuments, by Ryan McMaken, at mises.org. “Public” ownership via tax payer dollars means there will always be bickering because agreement on what should be erected is impossible. Private ownership means one person has the right to decide.

America’s Right To Self-Government Is Under Attack, at theburningplatform.com. The intellectual elite has always thought they can run our lives better than we can. The election of the outsider Trump has put them in a position they won’t accept. They have no real positions of power in the federal government but what they are really afraid of is they are about to lose political power. Political power is all about verbal sleight of hand. It is an illusion, a narrative if you will, created by propaganda and lies. Most people are figuring out that the media narrative is fake. Without the illusion, it is easy to see though the political game. I would say Trump is Toto pulling back the curtain on the Wizard of Oz, but Trump isn’t that subtle. He is more like a pit bull creating such a ruckus ripping the curtain down, we have no choice but to look.

Why Do The Super Rich Promote Socialism, at economicpolicyjournal.com. Socialism (government intervention into the economy) does not redistribute wealth more evenly. Socialism allows wealth to be controlled by individuals at the top. There is no middle class. Only the haves and the have-nots.

“The Maduro Diet” – Venezuelans Suffer Drastic Weight Loss As Hunger Crisis Strikes, at zerohedge.com. This is where socialism (government planning of an economy) leads to. Why isn’t this a bigger story…….? Because it doesn’t fit the narrative of the media when it comes to socialist central planning.

We Have A  Single-Payer System, And It’s Killing Veterans Like Me, by Jonathan LaForce, at thefederalist.com. When Obamacare collapses and politicians talk about implementing a single payer healthcare system. Tell them the VA is a single payer system, that has failed. Why would we want to try the same failure on a much bigger scale?

Wasserman Schultz IT Staffer Indicted By Grand Jury On 4 counts, at zerohedge.com. Hmmmm!

FBI Reopens’ FOIA Case On Lynch-Clinton Tarmac Meeting After Getting Caught In Lie, at zerohedge.com. Hmmmm!

‘Inconvenient’ Fact: Morgan Stanley Says Electric Cars Create more CO2 than They Save, at zerohedge.com. Excerpt from the article: “The carbon emissions generated by the electricity required for electric vehicles are greater than those saved by cutting out direct vehicle emissions.”

Trans Juggernaut Wants Your Kids. Public Schools are Just The Beginning, at thefederalist.com. Excerpt from the article: “….”Nature…tends to strike back, with the likely victims in this case being vulnerable and impressionable youngsters who, as confused adults, will pay the price for their elders’ fashionable fantasies.” This is likely why the transgender movement is targeting the young: They are vulnerable and impressionable, prepuberty pose better as either sex and therefore look less terrifying than adult transgenders, and once locked into the trans body morph will never truly be able to escape. devastated people are prime candidates for exploitation by their pretend advocates. Also, locking in trans-policies now is a way to preclude debate before more extensive data and personal experience can fuel the inevitable backlash. Of course this is bad for kids, but it’s not about kids. they’re just pawns, as usual. It’s about politics.”

Why Did The Democratic South Become Republican? By Prof. Carol Swain, at Prager University.http://www.zerohedge.com/news/2017-08-17/wasserman-schultz-it-staffer-indicted-4-counts

 

CARTOONS

From therightreasonlnet.

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Observations From The Margin

August 17, 2017

Observation Tower

DO I DARE WADE INTO CHARLOTTESVILLE?

-What percent of the population is Neo Nazis, white supremacists, the KKK, anti fascists and communists? Not even 1%. These groups have no real power. They are repulsive to the other 99% or the population. The only way they can gain a platform is through the R and D political lens. A lens, through which, we have allowed both parties, and the media, to force us to see everything. Everything is spun politically. The parties and the media show the crazy fringe elements and try to attach these groups to the opposition party. When the parties place these fringe groups on the side of the other party they are playing a dangerous game because they are allowing these fringe groups to gain a measure of political relevance, negative relevance, but relevance non the less.

-If a tree falls in a forest and no one is their to hear it, does it make a sound? If no one would have shown up to protest against the protesters; or if the media wouldn’t have covered the protest, it would have been like no protest ever took place. No one would have known about it and no political relevance would have been gained by these groups.

-If you are an innocent protester, and the Neo Nazis you are marching against have helmets, sticks and shields, what would that tell you? Maybe you should get the heck out of there!

-If the Neo Nazis on the one side and the Antifa on the other side both have helmets, sticks and shields, what would that tell you? Maybe both sides were both looking for a fight. This is not how differences are addressed in America. This kind of stuff happens in third world countries.

-Neo Nazis, white supremacists, the KKK, anti fascists, communists, and socialists are all branches on the same ideological tree. They all want to use government force to implement their ideas. These groups are not for individual liberty and/or limited constitutional government.

-Why were the police not there to keep these two groups away from each other? All you had to do was look at each group to figure out they were going to fight.

-Do you think the media loved this or not? It fit their narrative that the D’s are good and R’s are racist. If you don’t think the media is biased I have a question. What was the narrative when Steve Scalise was shot by a Bernie Sanders supporter who specifically targeted Republicans practicing for a baseball game? Did the media paint the D’s as being the same as the shooter? Did the media call for Bernie Sanders to renounce the shooter? What would the narrative have been if a Trump supporter had targeted the Democrats practicing for a baseball game?

-No matter what Trump would have said, the D’s and the media would have called him a racist. If former President Obama had written Trumps comments, the D’s and the media would have still called him a racist. It is all politics.

-The reason everything is political is because politics is how petty tyrants get access to the government power needed to implement their vision. Identity politics is one of the main tools used in the political game. This only allows for government solutions to any perceived or real problem. The only way to get rid of battling factions is to make politics less important. And the only way to make politics less important is to shrink the size, scope and power of government. We have a lot of work to do because this will take time. 

 

“DO YOU KNOW THE HISTORY OF THE DEMOCRAT PARTY?

WHO WERE THE RACISTS?

 

Related Article – You Never Let A Serious Crisis Go To Waste, at austrianaddict.com.

Related Article – Please See Through The Politicization Of Every “Serious Crisis“, at austrianaddict.com.

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Must Reads For The Week 8/5/17

August 4, 2017

Conflicting Visions, by Walter E. Williams, at jewishworldreview.com. Most people agree that certain problems exist. What people disagree about is where the solution will come from. Will the solution come from top down decisions by bureaucrats in government or will the solution come from individuals making decisions in a free market?

Schumer: ‘Our Founding Fathers Intended Congress To ‘Improve Our Healthcare System‘, at mrctv.org. I would normally say Chuck Schumer is a moron. But what really is going on is Chuck Schumer thinks a lot of us are morons. He thinks we will believe the load of crap he is trying to peddle.

In Obamacare Debate, Some Victims Matter More Than Others, by Mary Katharine Ham, at thefederalist.com. Instead of looking at the people who got (some subsidized) healthcare insurance under Obamacare, let’s look at the people who have been crushed by the exponential increase in premiums and out-of-pocket expenses because of the ‘Affordable’ Care Act aka Obamacare. These are the people who helped flip States toward Trump and away from Obamacare, in Wisconsin, Michigan, Pennsylvania, Ohio and other States.

Why Single-Payer Will Only Make Health Care More Expensive, by Scott Ehrlich, at thefederalist.com. Single payer will decrease the supply of healthcare and increase the demand for healthcare. The cost will rise even though the bureaucrats will try to hid the cost by using tax payer dollars.

Rand Paul Blasts Senate Colleagues Over Healthcare: ‘They Are Just Afraid, at economicpolicyjournal.com. The Republicans are supposed to be the party of smaller Government and free markets. They obviously don’t believe that free markets produce better outcomes than government central planning or they would have repealed Obamacare.

Trump Axes Obama’s MyRA Retirement Accounts After $70 Million Of Taxpayer Funds Wasted, at zerohedge.com. MyRA was just another scheme allowing Government to get its hands on your money to fund the national debt.

Federal Indictments Alleges Chrysler And UAW Execs Stole Millions From Employee Training Programs, at zerohedge.com. The name of the UAW leader who was indicted is Alphons Iacobelli. You couldn’t make up a better name for a Union Leader than that.

In an Economy There Are Wealth Creators And Wealth Preventers. In California The Wealth Preventers Are Winning, by Mark J. Perry, at carpediemblog. Excerpt from the article: “The wealth preventers, i.e. environmental groups, trail lawyers, and Democrat politicians, hold the reins of power in California. they are all system wonks and are experts at gaming the system…..That California’s economy manages to function as well as it does in spite of the barriers placed in front of it is a tribute to the persistence, energy, and creativity of its wealth creators.”

California Ranchers Revolt after State Sets Aside 2 Million Acres For A Frog, at zerohedge.com. Here is an example of the above article. Environmentalists and Democrat politicians getting together to decrease the wealth of their state via environmental regulations.

Democrats’ Biggest Donor Urges Shift To Bernie’s Platform: “Being Never-Trump Is Not Nearly Enough, at zerohedge.com. We should hope the Dems go full Bernie so everyone can see socialism for what it really is.

P&G Slashed Digital Ad Spending, This Is What Happened Next, at zerohedge.com. Maybe digital advertisement isn’t as great as it was advertised.

Canada: What Happens When A Crime Victim Takes A Gun From A Criminal And Shoots Him? The Victim Goes To Jail, at johnrlottblogspot.com. Excerpt from the article: The victim faces charges of attempted murder, intent to discharge a firearm, intent to discharge a firearm when being reckless, careless use of a firearm, improper storage of a firearm, pointing a firearm, possession of a weapon for a dangerous purpose, unauthorized possession of a firearm, possession of a firearm knowing that possession is unauthorized, and possession for the purpose of trafficking.” Bureaucrats have no common sense.

Report: McMaster Let Susan Rice Keep Security Clearance After Unmasking, by Cortney O’Brien, at townhall.com. This is an example of the incestuous relationship the establishment, the insiders, the status quo, the swamp, the deep state, what ever you want to call them have with each other. Remember Sandy Berger? He got his security clearance back after stealing and destroying classified documents.

WSJ Asks “Who Paid For The Trump Dossier’?“, at zerohedge.com. Fusion GPS is a hired gun. So who paid for the discredited Fusion GPS Dossier?

‘Collusion’ Collapses: Dem Congressional Espionage Ring Takes Center Ring, by Clarice Feldman, at americanthinker.com. I agree. Let’s repeal the Special Counsel Law. Excerpt from the article: “Under the Constitution there are three ways to deal with official corruption: the ballot box, impeachment, or criminal prosecution.” The special counsel is a political tool. It is a way of keeping an issue in the headlines for years at the taxpayers expense.

6 Key Questions About RussiaGate, by Charles Hugh Smith, at oftwominds.com. Here are the six questions: “1) did Russia meddle in the 2016 U.S. election? 2) What federal laws or statutes were broken? 3) What standard of evidence/proof is required in a federal court to convict the accused? 4) If incontrovertible evidence of Russian meddling arose in 2016, why did the federal agencies under the Obama administration (Department of Justice, F.B.I. etc.) do anything? 5) Precisely what meddling occurred? 6) What evidence supports the claim that Russian meddling actually influenced the election?”

CARTOONS

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Must Read “Leftovers”

August 2, 2017

The Danger Of “Public” Education, by Murray N. Rothbard, at mises.org. From Rothbard: “The key issue in the entire discussion is simply this: shall the parent or the State be the overseer of the child? An essential feature of human life is that, for many years, the child is relatively helpless, that his powers of providing for himself mature late……Until these powers are fully developed…..He must be under tutelage……The question is, Under whose guidance, and virtual “ownership” the child should be: his parents’ or the State’s?…..The parents are interested in the child as an individual…… subjection to the hands of the State leaves no regard for his individual personality……it is inevitable that the State would impose uniformity on the teaching of charges……. uniformity is more congenial to the bureaucratic temper and easier to enforce…..Instead of spontaneity, diversity, and independent men, there would emerge a race of passive, sheep-like followers of the State. Since they would be only incompletely developed, they would be only half-alive….since the State began to control education, its evident tendency …has been for compulsion, for enforced equality at the lowest level, for the watering down of the subject and even the abandonment of all formal teaching, for the inculcation of obedience to the State and to the “group” rather than the development of self-independence, for the deprecation of intellectual subjects.”

3 Examples That Show How Common Core Is Destroying Math Education In America, at zerohedge.com. Common Core is an example of what Rothbard talks about in the previous article. Try to understand how these math problems are solved using Common Core math. Then look at the test from 1912 given to 8th graders. This dumbing down has to be on purpose, doesn’t it?

Why Diversity Programs Fail, at hbr.com. Excerpt from the article: “Firms have long relied on diversity training to reduce bias on the job, hiring tests and performance ratings to limit it in recruitment and promotions, and grievance systems to give employees a way to challenge managers. Those tools are designed to preempt lawsuits by policing managers’ thoughts and actions. Yet laboratory studies show that this kind of force-feeding can activate bias rather than stamp it out. As social scientists have found, people often rebel against rules to assert their autonomy. Try to coerce me to do X, Y, or Z,  and I’ll do the opposite just to prove that I’m my own person.”  This is why the attempted indoctrination in schools hasn’t completely worked. Kids don’t want to be told what to do by someone they think doesn’t love them. The indoctrination will never be complete because there will always be strong individuals who won’t go along. Let’s hope they are strong enough to lead other kids.

Illegal Math: State Board In Oregon Is Punishing People For Talking About Traffic Lights And Any Other ‘Engineering’ Topics, at ij.org. Do not cross state bureaucrats or you will pay the price. This guy was fined for the ‘unlicensed practicing of engineering’ when he questioned the time traffic lights stayed yellow after his wife received a red-light camera ticket.

Nothing To Smile About: Dentists Lobby Against Competition, at ij.org. Is your dentist a crony capitalist. Your dentist bill may be high because, like true crony capitalists, some dentists lobby government to keep competitors from entering the market. Is this happening in your state?

China’s Ghost Recovery, at zerohedge.com.”If you build it they will come?” Or not. Only if there is demand for what is being produced. Printed money brings activities and degrees of activities into existence that wouldn’t exist under normal market conditions. Production needs to incrementally outpace consumption so there is little waste as possible. But this is an example of increased production at light speed. How much  capital, labor, resources and time have been wasted in this unsustainable building binge brought about by printed money?

The Myth Of Infrastructure Spending, by Ryan McMaken, at mises.org. Excerpt from the article: “Indeed, the tactics of the infrastructure-spending enthusiasts are very similar to that of the global-warming zealots. they put forward massive government spending plans, while ignoring the opportunity cost of the spending or the economic realities involved. But who needs to consider costs when the benefits of the spending in the minds of supporters are 100% completely and obviously good?“…”we should question whether proposed infrastructure spending is actually an “investment in our future” or just another bureaucratic boondoggle designed to enrich crony-cartels and justify rising bureaucratic budgets.”

Fatal Courtroom Act Ruins Michael ‘Hockey Stick’ Mann, at principia-scientific.org. Michael Mann was the go to ‘scientist’ who came up with the hockey stick graph that shows a rise in CO2 levels causing the rise in global temperatures. The hockey stick graph has been used by the UN’s IPCC and governments as evidence for man made global warming. When he was challenged, he decided to sue to shut up the ‘deniers’. When he was ordered to release his data for open court examination he failed to meet the Feb. 20th 2017 deadline. Why did he fail to release the data? Was his data fake science? The data from hockey stick graph shows CO2 actually follows a rise in temperature. Which means it is not the cause.

 

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