Must Reads For The Week 9/30/17

GOVERNMENT WON’T LET GO

Catalan Police Ordered To Close And Occupy Polling Stations To Stop Vote Going Ahead, at zerohedge.com. Government is force. Catalonia wants to vote to secede from Spain. Spain won’t let the vote take place. In the words of the great philosopher Neil Sedaka; “breaking up is hard to do”.

Kurds Vote Overwhelmingly For Independence From Iraq, at cnn.com. Brexit started the independence dominoes tumbling. The world is changing. Upsetting the tyranny of the status quo is a good thing in the long-term, even though there is short-term pain.

GOVERNMENT INTERVENTION CREATES ECONOMIC PROBLEMS

You can’t solve economic problems through the political process. You can only make them worse. Unless you get rid of the government regulations that caused the problem in the first place. Of course we know Government can never get rid of any regulations. They can only pass new regulations to solve the problems created by their previous interventions.

Six-Figure Pensions For University Of California Teachers Surge 60% Since 2012, at zerohedge.com. Public pensions have promised more than they will be able to deliver. These pensions are underfunded. Someone will have to either pay more, or receive less.

Teachers Demand $3.200 From Each Kentucky Household To Fund Pension Ponzi For Two Years, at zerohedge.com. I guess the pension beneficiaries are not in the mood to receive less. They want people to pay more. They must feel entitled.

Default Looms: Hartford Downgraded Further Into Junk Status, at economicpolicyjournal.com. Politicians can’t figure out that you can’t spend more than you have for very long. They have no incentive to stop spending, unless they go bankrupt.

2018 Obamacare Premiums Surge 45% In Key Swing State Of Florida, at zerohedge.com. The Affordable Care Act has made healthcare unaffordable. People who understand economics are not shocked by this.

The Agony Of The Welfare State, Finnish Style, at mises.org. Finland’s population is shrinking. There welfare system needs more taxpayers to fund it. “Houston we have a problem”.

Uber To Cease Operations In Quebec, at economicpolicyjournal.com. Competition lowers prices. Quebec is getting rid of competition. The taxi monopoly is back in business. Will prices rise?

California Mulls Combustion-Engine Car Ban: “You Could Stop All sales By 2030”, at zerohedge.com. Excerpt from the article: “The end result of this effort to ‘save the environment’ will be more expensive vehicles, landfills full of lithium-ion batteries and more coal-fired generation plants…but, somehow we suspect those ‘inconvenient facts’ are lost on our politicians and enviros who seem determined to subsidize Elon’s trip to Mars.” Politicians think they can create their utopian world at no cost.

Hey, Congress: If You Really Want To Help Puerto Rico Recover, Dump The Jones Act, at reason.com. A crony capitalist regulation passed in 1920 to protect American shipping will hurt Puerto Rico’s Recovery. Trump To Temporarily Lift Jones Act To Help Puerto Rico Recovery, at the hill.com. If lifting the Jones Act temporarily is good for economic activity. Wouldn’t it be better for economic activity to permanently lift it?

In Florida, You Can’t Use Your Own Solar Panels In A Crisis, at zerohedge.com. I guess you don’t own the power produced from your solar panels. Excerpt from the article: “Florida Power and Light’s lobbying wing has fought hard against letting Floridians power their own homes with solar panels. Thanks to power-company rules, it’s impossible across Florida to simply buy solar panel and power your individual home with it. You are instead legally mandated to connect your panels to your local electric grid. More egregious, FPL mandates the if the power goes out, your solar-power system must power down along with the rest of the grid, robbing potentially needy people of power during major outages.

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