AUSTRIAN ECONOMICS ADDICT

Bankrupt Baltimore ‘Somehow’ Finds Money To Fund Lawyers For Illegal Immigrants, at zerohedge.com. This how government at every level works. Spend more money no matter how big your debt burden is. And especially if that spending helps you politically.

California High-Speed Rail Is A Budgetary Trainwreck As Cost Soars 20% to $77 Billion, at zerohedge.com. Government makes bad decisions about infrastructure spending. Why? Because it doesn’t make these decisions beholden to a market pricing system. They have unlimited access to tax dollars, which means operating at a loss does not constraint their spending.

The FBI Now Admits It Could Have Prevented The Florida High School Shooting, at zerohedge.com. We have been brainwashed to look to government for solutions to every “problem”? Since government is made up of fallible human beings, why would we think they are better at weighing trade offs than we are? The incentives and constraints individuals in Government work under are different than the incentives and constraints individuals in a free society operate under. The real question is, who should make decisions? Individuals in a free market or individuals in government?

Mass Shootings & Psychiatric Drugs, at theburningplatform.com. Excerpt from the article: “When it comes to the debate over mass shootings in America, why does the discussion always to toward tougher gun laws? And yet, we are not talking about the role of antidepressants and other psychiatric medication. The truth? The connection between mass shooters and these medications is stunning.” Since  these drugs can cause suicidal thoughts, can they also cause homicidal thoughts?

Another Liberal-Created Failure, by Walter E. Williams, at jewishworldreview.com. Another example of the unintended consequences of liberal policies. The liberals started to shut down mental hospitals in the 70’s because they thought the mentally ill could be mainstreamed through the use of psychotropic drugs. It didn’t turn out as planned. What are the chances of individuals in government saying they made a mistake and giving power in this area back to the states and cities? Not very good.

Venezuela Faces A Terrible New Crisis: A Critical Shortage Of Blood, at washingtonpost.com. Reporter Rachelle Krygier thinks the problem is because of, “Lower oil prices and populist policies by the late Hugo Chavez and his successor have plunged Venezuela into a spiraling economic emergency. The health system, which is also plagues by Mismanagement and corruption, is crumbling.” All of us know that socialist central planning is the reason Venezuela is in the mess it is in. Rachelle Krygier is either ignorant of economics, or she doesn’t want to blame the collapse on her socialist vision of the world. Either way. Nice analysis!

The Best Way To Compete With China Is To Free The Economy, by Thorsten Polleit, at mises.org.  State capitalism can never compete with free market capitalism. Protectionist policies and tariffs are moves toward State capitalism or are moves away from free market capitalism. Why would you pick policies that we know will not work toward making ‘America great again’? Economic ignorance!

American Laws – Not Chinese Laws Make American Industry Less Competitive, by Justine Murray, at mises.org. Government regulations and taxes are the reason businesses in America started to move their operations out of the country in the first place. Getting rid of regulations and decreasing taxes will bring some businesses back. But protectionist tariffs will drive up consumer prices which will ultimately cost jobs.

This entry was posted on March 18, 2018 at 11:12 pm and is filed under Must Reads For The Week. You can subscribe via RSS 2.0 feed to this post's comments.

Tags: American Laws Force Business To Leave Country, Bankrupt Baltimore Finds Money For Illegal Immigrants, Budget Costs Soar, California High Speed Rail, FBI Admits Florida HS Shooting Failure, Free Markets vs State Capitalism, Mass Shootings and Psychiatric Drugs, Mentally Ill A Government Created Failure, Venezuela Blood Shortage, Venezuela Socialist Paradise