AUSTRIAN ECONOMICS ADDICT

GOVERNMENT CENTRAL PLANNERS KNOW WHAT’S BEST

Chicago Hopes To “Solve” Record Pension Deficit With Creative Solution: More Debt, at zerohedge.com. Is it a good idea to use a new credit card to pay off your maxed out credit card? Paying off debt with more debt doesn’t work in the real world. Oh by the way, decisions by these same big government central planners are what caused the pension problem in the first place.

Walk Softly – Big Brother Wields A Big Stick, at theburnigplatform.com. Financially sinking State governments are making it difficult for residents to move out of their States. They are trying to escape these high taxes. Central planners must think you and I are permanent residents of their State.

DO THESE ARTICLES HAVE ANYTHING IN COMMON? Dem Congressional Candidate Has Spent Decades Pushing For Population Control, by Paul Bois, at dailywire.com. This central planner doesn’t understand that in order for the leftist ideology to survive you need a growing population to prop up the Ponzi scheme that is the our socialist welfare system. This idea couldn’t possibly lead to a different problem in the future, could it? Read this article. Uproar Over “Wacky” Plan To Start Baby Boom In China By Taxing Adults Under 40, at scmp.org. China had a one-child policy for four decades. It ended three years ago. This one-child policy has produced an aging population and a shrinking workforce. China needs more people to produce enough to prop up their communist Ponzi scheme. They are trying to incentivize individuals to have more children. They are doing this by subsidizing families who have more than one child with money taxed away from people under forty years old. Communist central planning created the problem they are now trying to solve.

San Francisco “Poop Patrollers” Make $185,000, at zerohedge.com. San Francisco’s central planners created the $#!++y mess they now have to clean up. Unfortunately they are cleaning up the symptom their previous economic policies produced. Economic central planning comes at a high cost that central planners ignore. Until they no longer can.

Ocasio-Cortez Claims Solidarity With Cab Drivers – While Campaign Buys Rides From Uber, at economicpolicyjournal.com. Please read Alexandria’s statements in this article. Now ask yourself; “Do I want this self avowed socialist central planner making policies about economic activity”? She doesn’t understand the basic law of supply and demand. And she graduated from Boston University College of Arts and Sciences with a bachelors degree in economics and international relations. I bet her economic ignorance says more about this college than it does about her.

CENTRAL PLANNING PRODUCING THESE PROBLEMS

South Africa’s Land Confiscation: Socialism By Another Name, by Ryan McMaken, at mises.org. Property rights not being protected leads to dire economic consequences. Allowing land to be confiscated and given away creates a couple of problems. 1) Three things needed for economic growth; investment, capital and entrepreneurship will decline if property right are not protected. A lower standard of living will follow. 2) The knowledge (human capital) the previous farmers had accumulated can’t be transferred to the new squatters. Agriculture production will decline. But once again government central planners know best.

“What A Disaster”: Chaos Returns To Venezuela One day After Massive Devaluation, at zerohedge.com. Decades of socialist central planning has put Venezuela in a position from which it can’t escape. Hyperinflation is being tried as a last resort. It won’t work. The economic situation in Venezuela is where government central planning of an economy eventually leads to if it is not stopped.

Destroying the Venezuelan economy has lead to migration problems for neighboring countries. Ecuador, Peru Tighten Entry Requirements For Venezuelans As Influx Swells, by Alexandera Valencia, at usnews.com. And this article.Brazil Deploys Troops To Venezuela Border After Migrant Chaos – “This Is Going To Turn Into War!” at zerohedge.com.

OTHER STUFF

The Big Self-Driving Car Problems: Artificial Intelligence Can’t Deal With Pedestrians, at economicpolicyjournal.com. When I told a friend of mine about a news article that was wondering why a self-driving car got into a wrecked. He said: “Seriously! Maybe it wrecked because no one was driving”. I have asked this question before; what do self-driving cars do when a deer runs across a four lane highway? This article brings up the same point about the unpredictable elements a self-driving car can’t be programmed to deal with. This is an example of why it is hard to centrally plan anything that involves human action. A self driving cars isn’t like a chemistry experiment where every element always act the same way. Also, what happens when the technology, which is created by flawed human beings, malfunctions. A driver has some options when his brakes fail. A self driving car has no options when the technology has a hiccup.

Instructor Tries To Quarantine Gun Owners In Back Of Class, by Frances Floresca, at campusreform.org. The good news is the university overruled the teaching assistant.

Some Inconvenient Gun Stats For Libs, at theburningplatform.com. The US is third in murders throughout the world. If you remove, Chicago, Detroit, Washington D.C, St Louis, and New Orleans the US is then 189th out of 193 countries in the entire world. What do these five cities have in common? Strict gun control laws.

Antifa Violently Attacks Man Holding Flag – Except He’s A Bernie Supporter, at zerohedge.com. No comment needed.

If Paul Manafort Is Going To Prison, Tony Podesta Should Be Joining Him, at zerohedge.com. Lady Justice has pulled off her blindfold. Now the only thing that matters is what side are you on. Are you part of the status quo or are trying to dismantle the status quo. In America today, does the rule of law exist?

Standards Go Out The Window As Employers Struggle To Fill Jobs, at zerohedge.com. There are more jobs than willing workers. Employers are overlooking previous requirements such as college degrees and work experience. At this moment anyone who is not employed probably isn’t a motivated worker. Most people today complain about receiving poor service from businesses. This makes my point because bad service usually means full employment.

Does A Fall In Unemployment Lead To Stronger Economic Growth? by Frank Shostak, at mises.org. More people being employed doesn’t lead to economic growth. Stronger economic growth leads to more employment. A job has to be a productive job for the economy to create wealth.  A job created by Government spending or a job created by Federal Reserve money printing destroys wealth.

REACTIONS TO TRUMPS TRADE POLICIES

I have been against Trumps tariffs because their cost is paid by your own citizens. Economic laws also tell us they hurt economic growth. I understand that Trump is trying to get countries to lower tariffs and trade restrictions by threatening them with corresponding tariffs and trade restrictions. This is a dangerous gambit.

Here is how I think Trump sees this situation. He thinks the U.S can take, lets say, thirty punches before it feels the pain. He also thinks that the EU, Mexico, Canada and China et al, can only take ten or fifteen punches before they feel the pain. He thinks these other countries also know this. He believes they will make concessions before real harm is done.

It is like a game of poker except he doesn’t bluff. I think these countries are beginning to understand Trump isn’t bluffing. A month ago the EU renegotiated some tariffs and trade restrictions. If you look at that along with these two articles: (China To Send Delegation For US Talks To Avert Trade War, at theguardian.com. and Trump Announces US-Mexico Trade Agreement As He Terminates NAFTA; Canada Left Out, at zerohedge.com.) He may be moving these countries off of their stances on tariffs and trade restrictions. I tip my hat if he pulls this off before the negative economic consequences take root.

CARTOONS from therightreasons.net.

 

 

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This entry was posted on August 27, 2018 at 10:37 pm and is filed under Must Reads For The Week. You can subscribe via RSS 2.0 feed to this post's comments.

Tags: Antifa Attacks Bernie Supporter, Brazil, Cab Drivers vs Uber Drivers, Cartoons from therightreason.net, Chicago Pension Problem Borrow More Money, China to Talk trade With Trump, China Wants To Start A Baby Boom, Dem Congressional Candidate Pushing Population Control, E.U. Mexico, Ecudor, Fall In Unemployment Doesn't Lead to a Stronger Economy, Government Central Planning, Gun Stats Libs Hate, Individual decision making, More Jobs Than Employees, Ocasio-Cortez, Peru, Podesta Should Go To Jail If Manafort Goes, S F Poop Patrol, Self-Driving Car Wrecks, Socialist Venezuela, South Africa Land Confiscation, State Making It harder for Residents to Leave, Teaching Assistant Quarantines Gun Owners To Back Of Class, Tightens Immigration From Venezuela, Trump Trade Policies, Venezuela Devalues Currency

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