AUSTRIAN ECONOMICS ADDICT

US Spending On Interest Hits All Time High As Budget Deficit Soars To $684 Billion, at zerohedge.com. Government spending and debt go up no matter which party is in control. The government confiscates over $4 trillion a year from the real economy. You would think that would be enough money to run are government, but you would be wrong. The problem is government spends too much. Government’s ability to borrow and print money allows it to fund its growth above what it can confiscate from its citizens in taxes. Our debt will never get paid off unless government spending is cut. What are the chances of that?

Scientist Blast Media “Misinformation” Linking Wildfires To Global Warming, at zerohedge.com. Environmentalists and their accomplices in the media blame global warming for everything. In this case it is wildfires. If you dig a little deeper into the issue you will find other factors could be possible causes of these fires. Global warming has all the trappings of science without all the rigor. Here is another article about the wildfires. You decide. Destructive Forest Fires Are Do To – What? by Paul Driessen at townhall.com.

New York City Approves Cap On The Number of Uber And Other App Based Companies, at zerohedge.com. Does the NY Taxi and Limousine commission ever consider the fact that their previous restrictions on the number of taxi medallions (licenses), was the reason for the artificial rise in the price of one medallion to over $1 million. This artificially high price created the conditions for Uber and other ride-sharing apps to enter the market. The bubble price of over $1million for a medallion has collapsed to under $200 thousand. Why?  Because the ride sharing apps could provide cheaper and better service. The market eventually corrected the artificial bubble price for taxi services, by allowing unforseen competitors to compete for market share. Simple supply and demand tells us that restricting the number of Uber, and other ride sharing drivers, will increase the price consumer will have to pay for rides. When you restrict supply the price moves higher. Read about the history of NY taxi monopoly in this article, ‘CAR WARS’ Return Of The Jitneys, at austrianaddict.com.

Visualizing The Print-pocalypse Of American Newspapers, at zerohedge.com. This is an example of the creative destruction of the market. The internet has changed the way we get information. Do you think news papers like the NY Times will ask for a government bailout on the basis that they are protected by the first amendment?

Worlds Biggest Toilet-Building Spree Is Under Way In India, by P.R. Sanjai, at bloomberg.com. We take the flush toilet for granted. While San Francisco is literally turning into a $#!t hole (read here), India is making a push to install more toilets. Excerpt from the article: “India accounts for more than half of the world’s 1.1 billion people who practice open defecation. Open defecation contaminates food and drinking water, and spreads diarrheal diseases that cause chronic malnutrition and childhood stunting. India’s push for more toilets is the biggest, most successful behavior-changing campaign in the world,” Many U.S cities, like S.F., are allowing open defecation. What are city leaders thinking?

Mob Targets Portland ICE Workers, Police Ignore Calls For Help – Under The mayor’s Orders, at theblaze.com. This is an example of the break down of the rule of law. The mayor allowed this siege to go on for 38 days. The mayor’s fidelity to his job was overridden by his politics. It is hard to believe this went on in the US. Or is it?

Angry White Atifa Mob Attacks Black Social Activist, Shouts, F^*+ White Supremacy!, at theblaze.com. They are shouting F^*+ your white supremacy to Candice Owens! Can anyone relate to the actions of the people in this mob? Let them keep doing things like this. It does nothing to help their cause. Whatever that cause is.

Federal Judge Rules That Albuquerque’s Asset Forfeiture Created An Unconstitutional Profit Incentive, at reason.com. Is anyone shocked that police would react this way to the incentives created by asset forfeiture laws?

Colleges Offer To Take Percentage Of Future Income As Alternative To Student Loans, at zerohedge.com. Students who got hooked into student loan debt now have a choice. Heads they win, tails I lose.

“Free, Independent” Boston Paper Urges Collusive National Media ‘War’ Against Trump, at zerohedge.com. Excerpt from the article: “Marjorie Pritchard, who oversees the Boston Globe’s editorial page, said the decision to seek the coordinated response from newspapers was reached after Trump appeared to step up his rhetoric in recent weeks. “I hope it would educate readers to realize that an attack on the First Amendment is unacceptable,” she said. “We are a free and independent press, it is one of the most sacred principles enshrined in the Constitution.”

Does a free and independent news paper collude with other free and independent news papers? The press wraps themselves in the First Amendment. I bet most journalists have probably never read the first amendment.

Here is the First Amendment: “CONGRESS shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof: or abridging the freedom of speech, or of the press, or the right of the people peaceably to assemble, and to petition the Government for a redress of grievances.”

One quick question. Does freedom of the press rank behind freedom of religion and freedom of speech in importance because it is listed third in the First Amendment?

This amendment doesn’t protect the press from criticism. Every citizen, including the President, has the right of free speech. Every citizen, including the President, can criticize the press. Most citizens don’t have a big enough platform for the press to even worry about when criticized. But the President has a big platform if he so chooses to use it. The press has their panties in a wad because they have always been able to bully Republican Presidents. Trump doesn’t play that game, and the press doesn’t know how to deal with someone who stands up to their bullying. Although the press thinks that Trump is the bully and they are standing up to him. It will be interesting to see how this street fight turns out. Because Trump shows no signs of backing down from this fight and the press doesn’t seem to know how to handle it.

West Hollywood Passed Resolution To Remove Trump’s Star On Walk Of Fame, at zerohedge.com. Did they vote to get rid of Bill Cosby’s star?

500+ Renowned Scientists Jointly Share Why They Reject Darwin’s Theory of Evolution, by Arjun Walia, at lewrockwell.com. Darwin’s theory is not standing the test of the passage of time.

SATIRICAL HEADLINES.

Che Guevara Honored With Star On Hollywood Walk Of Fame, at thebabaylonbee.com. Mass murderer Che is lionized by the left.

Liberals Remind Nation Satire Only OK When Mocking Conservatives, at thebabaylonbee.com. This is how the rules of the political game used to be. No more.

World Health Organization Warns Against Eating Fish and Keeping Active Following Death Of World’s Oldest Woman, at theonion.com. Correlation is not causation.

Millennial Drops Support For Socialism After Learning How Hard It Is To Ge Avocado Toast In Venezuela, at thebabaylonbee.com. Socialism is only cool when it hurts someone else.

CNN To Launch Real News Spinoff Site, at thebabaylonbee.com. No comment necessary.

CARTOONS

This entry was posted on August 12, 2018 at 11:39 pm and is filed under Must Reads For The Week. You can subscribe via RSS 2.0 feed to this post's comments.

Tags: 1st Amendment protections, Alternative To Student Loans, ANTIFA Mob Attacks Candice Owens For White Supremacy, Babalon Bee., Budget Deficit Soars, Cal. Wildfires Caused by Global Warming, Car Wars Return Of The Jitneys, Civil Asset Forfeiture, Colleges Offer To Take Percentage Of Future Income, Creative Destruction of The Market, Darwin's Theory Doesn't pass The limit., Feces Problem In San Francisco, Free And Independent Boston Press, Freedom Of Press Doesn't Trump Freedom Of Speach Or Religion, Government spending, India Installing More Toilets, Media misinformation, Mob and Portland ICE Siege, News Papers Cutting Workers, NYC Taxi Cartel, NYC to Cap Uber Drivers, Social Securities Pension Underfunded, Taxi Medallions Decrease in Value, The Onion, West hollywood Council