Archive for the ‘Must Reads For The Week’ category

Must Reads For The Week 7/22/17

July 22, 2017

Research Team Slams Global Warming data In New Report: “Not Reality…..Totally Inconsistent with Credible Temperature Data“, at zerohedge.com. The passage of time ultimately decides whether a theory has validity or not. Time is showing scientific global warming models may have been fudged a little bit.

US Restaurant Industry Stuck In Worst Collapse Since 2009, at zerohedge.com. Excerpt from the article: “The restaurant industry hasn’t reported a positive month since February of 2016.” Is the restaurant industry part of the financial bubble created by the Fed? Did the restaurant industry over build because they had access to easy money?

To Fix Healthcare, We Need To Repeal A Lot More Than Obamacare, by Ryan McMaken, at mises.org. Government intervention started about a century before Obamacare came into existence. As we said here, New Gov. Healthcare Regulations Will Not Cure The Results Of Previous Gov. Regulations.

Dershowitz Blasts Hypocrisy Of “Liberals” Looking To Adapt Corruption Laws To “Get Trump”, at zerohedge.com. What is the underlying law that Trump broke? You can’t find it because there is no law that was broken. Since no law was broken this is all political BS.

Net Neutrality Strengthens Monopolies, Invites Corruption, by Ryan McMaken, at mises.org. Net Neutrality is  Obamacare for the internet. Government regulations won’t make the internet more free and less expensive.

The Way Chicago “Works”: Graft, Corruption, Political Connections, Bribes, Unions, at zerohedge.com. 4 of the previous 7 Illinois governors went to jail. It’s the Chicago way. Wasn’t Obama from Chicago?

Poll Shows Americans’ Massive Disapproval Of Both Parties: “Now It’s Just An Oligarchy“, at zerohedge.com. I think this is a fake poll. It says 63% disapprove of Republicans and 62% disapprove of Democrats. The disapproval rating has to be higher than that. This bodes well for individual liberty. Their will only be change when a majority of people understand that the R and D paradigm is a BS game.

Trump Vows To Protect ‘Made In America’ Products, at economicpolicyjournal.com. Monopolies are created when Government protects industries from competition. It is no different when it is related to international trade. Who pays the cost of the monopoly price? We do. Trump is economically ignorant when it comes to trade.

There Has Been Just One Buyer Of Stocks Since The Financial Crisis, at zerohedge.com. US corporations have used the Fed’s easy money to buy back their own stock. They do this to increase earnings per share and also to drive up the price of the stock so the insiders get wealthy. Why can’t we have access to interest free money?

The High Cost Of “Free” College, by Nathan Keeble, at mises.org. There is no such thing as “free”. Someone has to produce the good or service, which means it is not free. Are the professors going to teach for “free”? Are the workers who maintain the universities infrastructure going to work for free? No and No.

No Tesla Cars Sold After Subsidy Cut, dailycaller.com. Who would have thought this would happen?

Be Very Worried About The Future Of Free Expression, at thefederalist.com. Who decides what should be banned.

IRS Shuts Down Mom And Pop Dressmaker, Sells Dresses Within Hours, at dallasnews.com. Read this. It will piss you off.

Teen Girl Proficiency With A Firearm Scares Off Fugitive Who Broke Into House, at lewrockwell.com. The fugitive is lucky to be alive. If he wouldn’t have fled, he would probably be dead.

Haiti Official Who Exposed The Clinton Foundation Is Found Dead, at zerohedge.com. I have no comment. I provide the information. You decide its meaning.

CARTOONS

at therightreason.net.

Mirage-600-LI.jpg

mVJUlBC.jpg

wyKxvdW.jpg

Must Reads For The Week 7/15/17

July 15, 2017

 

Love Your Heart? Eat Chocolate, by Joseph Mercola, at lewrockwell.com. Lets start with something that not only makes me happy, it also satisfies my confirmation bias. Chocolate is good for me! Excerpt from the article: “According to a recent study in Denmark, people who consume cocoa one to three times a month were about 10 percent less likely to be diagnosed with AFib, compared to people who ate chocolate less than once a month.”  By my calculation if I consume cocoa 30 times a month I will be 100 percent less likely to be diagnosed with AFib.

How Dumb Is The Fed? at zerohedge.com. Excerpt from the article: “….the boom of 09-17 was wrought by the Fed and paid for with fake money. It is a classic credit bubble, in other words – not genuine prosperity…..All the bubbly action… is in the financial markets, not the real main street economy. And as the Austrian School economists tell us, every boom not financed on real savings must end in a bust…..Nothing comes from nothing. Fake money produces fake prosperity. Take away the fake money… and the fake prosperity goes “poof,” too. Which is why the Fed will never, voluntarily, stop manipulating prices. It can’t let the markets return to “normal” price discovery…..All of this debt now hangs on the feeble reed of more ultra-low interest rate policies. The Fed says it is going to return its interest rate policy back to normal……No chance. It’s not that dumb.

Doctors Are Fighting To Treat Charlie Gard. Will The UK Let Them? by Arina Grossu, at thefederalist.com. This is what government-run healthcare looks like. The UK supreme court won’t allow the parents of this child to seek  treatment in the US, even though the UK won’t be on the hook for the cost of any treatments. The problem with government-run healthcare is, who makes decisions about your care? You or the government? Trust me it’s not going to be you. In totally government-run healthcare system, you are owned by the State.

Rand Paul: The Senate GOP Is Going To Keep Obamacare, at economicpolicyjournal.com. Is anyone surprised by this? No! Because the leadership of the GOP is biased toward the status quo of big government. The only way to get rid of Obamacare is to get rid of the leadership of the Republican party. Mitch McConnell and Paul Ryan should be replaced by Rand Paul and Thomas Massie.

Illinois “Budget Deal” Is Likely The Death Knell For The State’s $130 Billion Underfunded Pensions, at zerohedge.com. Bernie Madoff went to jail for his Ponzi scheme. These bureaucrats and politicians won’t spend a day in jail for doing the same thing Bernie Madoff did. Excerpt from the article: “…One of the ways Illinois managed to “fix” its budget crisis was to kick the can down the road on their future pension funding requirements….pensions which are only funded 35% as it is. How did they do it? …they simply decided to continue modeling future returns at a much higher rate than they’ll ever be able to reasonably achieve……In short they tweaked one simple number and, like magic, your whole funding crisis “disappears”.” Manipulating data? That’s what the global warming pretenders have been doing for decades.

Real Climate Science Shows Trump Was Right To Exit Paris, at whatsupwiththat.com. Excerpt from the article: “In actual intent and practice, the Paris Agreement is a political tool for suppressing growth, instituting global governance over energy use and economic growth, and redistributing wealth.”

Maureen Dowd: Economic Illiterate, at economicpolicyjournal.com. The reason I posted this is to get you to understand that you don’t have to take a back seat to the likes of Maureen Dowd, or any other supposed intelligent progressives in positions of “authority”, when it comes to understanding economics. Reading my site allows you to understand basic economics at a higher level than people with credentialed ignorance, like Maureen Dowd.

Mizzou Says 35% Decline In Enrollment Due To 2015 Protests, at tammybruce.com. This shows people are paying attention to the actions of the crazy leftists, and these actions have consequences. Regular people couldn’t relate to the craziness of these protesters, and many are deciding Mizzou isn’t the place for them.

Majoring In Unemployment: Ohio Wesleyan To Launch “Social Justice Major” at tammybruce.com. Why would anyone go into debt to get a Social Justice degree? If you can get a job with this degree, will the job you get allow you to pay back the debt and have a high standard of living? At some point economic reality will destroy these kinds of degrees.

Delta Doesn’t Like Competition From Subsidized Gulf Carriers But US Consumers Should Be Thankful for The Foreign Aid, by Mark J. Perry, at carpediemblog.com. Delta is a crony capitalist business. It doesn’t like competition. It wants the government to protect it from competition.

The Other Side Of “Safety“, at ericpetersautos.com. Is the technology produced by imperfect human beings perfect? Excerpt from the article: “Technology never makes mistakes – unlike the humans who design it. Who never fail to anticipate the unanticipated. Sarcasm, in case you didn’t pick up on it. This 190 prof moonshine – distilled by arrogant technocrats like Elon Musk – is going to get people hurt as automated-driving technology comes online.” Is new safety aid technology in newer cars really safe?

NYT Laments Sharp Decline In Illegal Immigration Under Trump, at tammybruce.com. Who would have thought that stating you are going to enforce the laws, and then actually enforcing the laws, would be a deterrent? I heard someone say it isn’t Trump who is the deterrent, it is the media’s constant portrayal of him as an evil SOB, that is making illegals afraid to come here.

The Real First Responders, at lewrockwell.com. Always remember that in every situation, you are the first responder. Observing what’s going on around you (situational awareness) is the key to being a good first responder.

CARTOONS

Political Cartoons by Bob Gorrell

Political Cartoons by Glenn McCoy

Political Cartoons by Lisa Benson

Must Reads For The Week 7/8/17

July 7, 2017

Elizabeth Warren Calls For Democrats To Embrace Single-Payer Health Care, by Igor Bobic, at huffingtonpost.com. Single-Payer was the goal all along. Obamacare was just another step in the single payer direction. Here is what Elizabeth Warren said that has me scratching my head because it is a lie fake recollection of the facts: “President Barack Obama  tried to move us forward with healthcare coverage by using a conservative model that came from one of the conservative think tanks that had been advanced by a Republican governor in Massachusetts…..Now it’s time for the next step. And the next step is single payer,”. Mrs. Warren. Please define what you think conservative means because the Affordable Care Act wasn’t a conservative model. Conservative to me means individuals making decisions about their healthcare in a free market instead of bureaucratic decision making backed by government force.

Government Medicine: Court Declares Child Should Die Rather Than Receive Privately Funded Health Care, by Ryan McMaken, at mises.org. This is where government run health care eventually ends up. Bureaucrats will  make the decision on whether an individual will receive treatment or not. The individual has no say. And in this case the answer was no even though the medical treatment was to be funded privately instead of being paid for by public dollars. But this can’t happen in America; can it?

Gun Controllers Know Their Policies Won’t stop Murder. It’s Another Game They’re Playing, at thefederalist.com. The left is patient. They want Government to grow categorically. But they will take incremental increases. They understand how hard it is to get rid of government programs once they are implemented. Just look at Obamacare.

Climate Scares Fail To Occur, by Craig Rucker, at cfact.org. The Arctic was supposed to be ice free by now. We were supposed to have cat 4 and cat 5 hurricanes on a yearly basis. No cat 4 or 5’s  have hit America since Katrina in 06. The climate crazies are admitting that “there has indeed been a pause in the warming and that it’s models failed to predict it.” Maybe their data and their models are “fake science”.

Replacing Fossil Fuels With Renewable Energy Would Inflict Major Land, Wildlife, and Resource Damage,by Paul Driessen, at cfact.org. Environmental crazies have never read, “That Which Is Seen, And That Which Is Not Seen” by Bastiat. They don’t see the cost in land, resources, capital and labor that would be needed to meet the worlds growing energy needs. And that is not even looking at replacing less costly energy from fossil fuels with more costly renewable energy.

Wind News Update: Catastrophic Failures Jump, Maryland Gets Serious, by Lisa Linowes, at masterresource.com. You never hear about the problems with “green” energy in the main stream media. Why?

Norway’s ‘Voluntary’ Tax Plan Brings In Just $1,325, at economicpolicyjournal.com. In Norway if anyone thinks they’re paying too little in taxes, they can send more money to the government. It is shocking that people aren’t voluntarily sending in more money to fund Norways social programs.

Missouri Set To REDUCE St. Louis Minimum Wage From $10 to $7.70, at economicpolicyjournal.com. Excerpt from the article: “Missouri has discovered that the law of supply and demand applies to wages and that the higher you set minimum wage laws the more unemployment you get. In response, Missouri’s governor will allow a bill to pass that rolls back St. Louis’ minimum wage from $10 back to $7.70, the standard across the state.

Road Congestion: It’s All About Politics, by John Hinderaker, at americanexperiment.org. Minnesota’s Twin Cities traffic congestion can be blamed on bad decisions by politicians. Despite the fact that Twin City drivers time wasted in traffic has quadrupled since 1982, the Minnesota Department of Transportation will spend $700 million on bike and pedestrain infrastructure in the next 20 years and only $265 million on improvements for infrastructure for cars. Why do voters think politicians possess enough knowledge to make decisions outside their area of their expertise. Their area of expertise being getting reelected. HT carpediemblog.

How The FAA Killed Uber For Planes, by Andrea O’Sullivan, at reason.com. Once again government bureaucrats making decisions that squash market solutions that would make the economy more productive. HT carpediemblog

Why Does Michigan License Painters? by Jarett Skorup, at makinac.org. You need to have 60 hours of courses, pass an exam and pay $300 in fees to become a painter. Another example of bureaucrats using power to interfere in free decision making by individuals in the market. HT carpediemblog

FAKE NEWS

CNN’s Ratings Collapse As Primetime Shows Draw Less Viewers than Re-Runs Of “Yogi Bear”, at zerohedge.com. They are hanging themselves and they don’t even know it. I and some of my friends are watching CNN now because it is so funny. With more people like me watching, how much of their regular viewers are turning them off.

CNN President Jeff Zucker: “Trump Is Trying to Bully Us“, zerohedge.com. The mainstream media is accusing Trump of what they have been doing for years. The difference is Trump won’t cave into their bullying like other Republicans, and they don’t know how to handle it.

AWESOME The Truth Will Out, at targetliberty.com. The Washington Post is forced to retract.

Triggered: CNN’s Jim Acosta Accuses Trump Of “Fake News Conference” In Poland, at zerohedge.com. These people don’t realize that they’re actions prove their bias. We can see it. They can’t. That is why this is so funny.

Rachel Maddow Caught In Latest Fake News Scandal; Proof Her “Forged NSA Document” Segment Was a Hoax, at zerohedge.com. Rachel is a special kind of crazy person.

CARTOONS

at therightreasons.net.

207211_image.jpg

FXNYaek.jpg

qPgLYpP.png

 

5eTHZff.png

2LuefAh.jpg

 

Must Reads For The Week 7/1/17

July 3, 2017

FAKE NEWS?

Three CNN Employees ‘Resign’ Over ‘Russia Collusion’ Fake news Retraction, at zerohedge.com. For anyone who pays attention, does this surprise you?

Project Veritas Videos Exposes CNN for Russian Fake News, at zerohedge.com. More evidence of media bias. As if we needed more.

Liberals Suddenly Silent When Man Arrested For Murder Of Muslim Girl Is….Illegal Alien, at tammybruce.com. This story fit the mainstream media narrative. Until it didn’t!

Why The Watergate Comparison Best Fits The Obama Administration, at thefederalist.com. The Obama administration illegally acquired information. They used it for political gain. Gov. agencies were used to bludgeon political opponents.

ECON STUFF

Jim Grant Explains The Gold Standard, by Ryan McMaken, at mises.org. We need a gold standard to stop the growth of the federal government. Complex concept clearly explained by Jim Grant.

Why Sound Money Does Not Need A Central Bank, Only The Rule Of Law, by Patrick Barron, at mises.ca. Our fractional reserve banking system is a skimming operation which confiscates the value of your money. Like all counterfeiting operations the first receivers of the money benefit at the expense of everyone else.

The Money Velocity Myth, by Frank Shostak, at mises.org. Great article explaining why the velocity of money has nothing to do with its purchasing power.

Get Ready For “QT1”: A First Look At The Fed’s Hidden Policy, at zerohedge.com. After nine years of QE, Quantitive Easing (pushing counterfeit money into the economy). The Fed is now starting a QT policy. Quantitive tightening (taking money out of the economy). QE stopped the housing bubble from completely bursting (correcting). Of course the housing bubble was caused by the Feds previous easy money policy. QT is what we need to cure the previous misallocation of resources. The recession brought about by the tightening policy will be blamed on Trump, not the Fed.

OTHER STUFF

Since Seattle Placed A Tax On Guns And Ammunition, The City’s Violent Crime Rate Has Increased, at zerohedge.com. When you tax something you get less of that activity. The result of having fewer guns is the increase of violent crime.

Why The First 118 Miles For Te LA to SF Bullet Train Started In Fresno (?) And Could Cost $3.6 Billion More Than Expected, at economicpolicyjournal.com. When there is a pile of tax payer money being passed out, we shouldn’t be surprised that there would be corrupt politicians doing favors for people they know.

Wind Power Sounds Good In Theory, But Rural Residents Across America Are Voting Against It When They get A Chance, by Mark J. Perry, at carpediemblog. There are real problems with wind besides the fact that tax payers subsidize the purchase of expensive electricity.

The Age Of No Privacy: The Surveillance State Shifts Into High Gear, at zerohedge.com. No matter what laws are on the books protecting our right to be secure in our persons, houses, papers, and effects from government spying. Government officials usually find ways to ignore these laws.

New Device Allows Cops To Download All Of Your Smartphone Activity In Seconds, at zerohedge.com. Another example of unlawful searches and seizures.

Dentist Owed Over $200 Million In Illinois, at dmdtoday.com. What we see happening to individual states and cities, will eventually happen at the Federal level.

 

CARTOONS from theburningplatform.

Political Cartoons by Glenn McCoy

Political Cartoons by Steve Kelley

Political Cartoons by Lisa Benson

Must Reads For The Week 6/24/17

June 24, 2017

RESULTS OF GOVERNMENT CENTRAL PLANNING

McDonalds Is Replacing 2,500 Human Cashiers With Digital Kiosks: Here Is The Math, at zerohedge.com. Economic forces are always finding more productive ways of providing goods and services to consumers. Without intervention from Government regulations and Federal Reserve printed money this transformation happens at the proper time. It is an incremental process that slowly relocates less productive labor, capital, and resources to more productive uses. The problem with central planners, and in this case minimum wage zealots, is their ‘good intentions’ are bringing the future into the present before it supposed to be here. Eventually and gradually automation replaces labor, just look at economic history. As wages gradually increase it leads to an incremental move toward automation at a certain price. But when central planners force sudden and large increased in minimum wages, the transformations it causes are more costly and disruptive to the economy (people) than if the market was allowed to let changes happen at the pace set by the market (the market: what results when millions of individuals are allowed to make decisions on what they will produce, consume, exchange and save).

New Mexico Health Insurer Proposes 80% Premium Hike, usnews.com. Another example of intervention by central planners creating disruptions in the healthcare market (or what is left of the healthcare market).

Good Luck Getting Out Of The Subprime Auto Loan When Used Car Prices Crash, at zerohedge.com. Look at the problem created by central planners in the auto loan market. Transporting future demand into the present results in over production. This over production wouldn’t have happened under normal market conditions. Now that future demand has already been used up, there is not enough ‘present’ demand to match the over production. The free market allocates scarce resources to their most productive uses with as little waste as possible. Government intervention is chaotic.

Government As The Source Of Monopoly: US Airlines Edition, by Peter Klein, at mises.org. Monopoly cannot exist in a free market as long as entry into the market is not restricted by Government. The airline industry is heavily regulated which means customer service isn’t a top priority. Does anyone who has flown recently disagree?

Canary In The Coal Mine: Unfunded Liabilities Have Turned Illinois Into A “Banana Republic“, at zerohedge.com. Government caving into Unions for years has led to this unfunded liability nightmare. There is no incentive for Gov. officials to fight the unions when expiring contracts are up for renegotiation because it is the tax payer dollars they are negotiating with. Politicians have no skin in the game. Government employees retire in their 50’s and then collect 30 plus years of benefits. If you add this to the fact that these pension plans have been underfunded, you see the math problem they have created for themselves. Incentives matter. The private and public sectors operate under different incentives.

Moody’s: Modest Downside Could Spark $3 Trillion Surge In Pension Liabilities, at zerohedge.com. It’s not just Illinois that has the pension crisis. Public pensions all over the US are in trouble. Why? We covered it above.

Privatize The New York City Subway System, by Robert Fullner, at mises.org. Another example of a Government run system failing. There is no incentive for New York’s Metropolitan Transit Authority to use scarce resources efficiently because tax payer money is always available to bail them out.

Philly’s Soda Tax Is Shaping Up To Be An Epic Flop, at phillymag.com. No shock here. A black market for soda is springing up just as the black market for cigarettes was created in NYC when they hiked the cigarette tax. The tax also has led to job losses at Coca-Cola since sales declined 32% (read here).

MISCELLANEOUS TOPICS

Hero Homeowner Holds Escaped Georgia Inmates At Gunpoint Until Arrests, at tammybruce.com. Good guy with a gun stops bad guys.

Judicial Watch: Obama NSC Advisor Susan Rice’s Unmasking Material Is At Obama Library, at judicialwatch.org. Insiders using the law to hide information! Documents from the Obama administration are now at the Obama Presidential library. The Presidential Act closes access to these records for 5 years after the President leaves office. With the millions of pages of federal law, do you think there are other places where insiders can hide records?

Major Free Speech Victory, SCOTUS Rules For ‘The Slants’ And Strikes Down Federal Trademark Restriction, at reason.com. The Obama Patent and Trademark Department lost this case 8-0. How many Supreme Court cases end up with no dissenting opinions? This was an attempt by the Obama administration impose their idea of political correctness on all of us. They hoped the defendant wouldn’t be willing to pay the monetary and psychic cost of fighting the unlimited resources of the Federal Government.  What a waste of time and money. But thank God they fought this.

Soros, Teneo And Donors To McCain Institute, dailycaller.com. Senator McCain may be trying to create a smaller version of the Clinton’s money laundering scheme, known as the Clinton Global Initiative.

Complete Idiotic Commentary From The Commerce Secretary, at economicpolicyjournal.com. Excerpt from the article: “The entire concept of the balance of payments, weighing trade deficits and surpluses, is absurd and at epicenter of economic confusion.” Trade policy is an area where Trump needs to get educated.

East Lansing Bans Apple Farmer From Market From Being Faithful Catholic, at thefederalist.com. An example of tolerance by politically correct bureaucrats.

CARTOONS

therightreasons.net

206567_image.jpg

Uzh6lDA.jpg

Paper_Shredder_Obama_Library.jpg

uhujJDk.jpg

Must Reads For The Week 6/17/17

June 17, 2017

It’s Confirmed: Without Government Subsidies, Tesla Sales Implode, at zerohedge.com. There is no market for Tesla vehicles without taxpayer-funded Government subsidies. Elon Musk = welfare recipient.

The Collapse Of Penn Station: Another Failure Of Government “Enterprise“, by Gregory Bresiger, at mises.org. Of course the answer to this government failure is more taxpayer money.

“It’s Madness” – Massive Anti-Government Protests In Venezuela Worsen, Patterns Emerge, at zerohedge.com. Venezuela’s socialist experiment isn’t working out. I’m shocked!

Cuba Scrambles As Venezuela’s Oil Industry Collapses, at zerohedge.com. Cuba’s socialist regiem couldn’t succeed on its own. It received help from the communist Russia until Russia collapsed. Socialist Venezuela was next to help. Now it is collapsing. The lesson we should take from the history of Cuba, the Soviet Union and Venezuela is communist and socialist centrally planned economies don’t work.

U..S. Gives OPEC A Run For Its Money, at instituteforenergyresearch.com. The American oil industry has prospered in spite of Obama era policies designed to get rid of fossil fuels. American shale and deep water drilling became profitable when oil was at $125 a barrel. Improvements in technology has now made them profitable at $40 a barrel. OPEC has lost its power.

U of M Climate Change Study Postponed Due To Climate Change, at winnipeg.freepress.com. I thought polar ice was melting at a rate that was supposed to have NY city under water by now? Now they can’t do a global warming study because the ice is too thick. Was the man made global warming narrative fake science, fake news or both?

An Idaho Makeup Artist Just Got The best Revenge, by Dustin Hurst, at fee.org. There are licensing laws in Idaho to apply makeup? Seriously? It’s great that this makeup artist gets the last laugh.

Unable To Pay Bills, Illinois Sends “Dear Contractor” Letter Telling Firms to Halt Road Work On July 1, at zerohedge.com. You can’t spend more than you steal in taxes for an extended period of time, because eventually economic reality wins.

GREAT NEWS Misesian Named A Brexit Minister, at economicpolicyjournal.com. We need more Misesians infiltrating the progressive left strong holds.

EU Sues Poland, Hungary And Czech Republic For Refusing To Accept Refugees, at zerohedge.com. The Czech Republic, Poland and Hungary are not experiencing terrorist attacks like the other members of the EU, because they haven’t taken in refugees like other EU members have. So now the EU is suing them because of their decision to not commit slow suicide. One of the two sides in this dispute is really stupid.

Four Reasons Why College Degrees Are Becoming Useless, by Jonathan Newman, at mises.org. The economic reality of getting a college education is now being felt. Does the future benefit of a college education out weigh its monetary and psychic cost?

The Two Sides Of Pope Francis, by economicpolicyjournal.com. Excerpt from the article: “The Popes themes are very much in the tradition of classical liberalism and its commitment to economic freedom: community, open social interactions, helping others, and jumble, transparent institutions. What is troubling about Pope Francis is that he spends much of his time traveling the world advocating (Marxist) polices that undermine these goals.

Lee Camp Explains How The New York Times Manufactures “Hit Piece Propaganda”, at zerohedge.com. How fake news is produced.

NBC News Just Defended Collective Farms In The Soviet Union, at economicpolicyjournal.com. The American left always sided with the collectivist economic policies of the Soviet Union. Even after the Soviet Union collapsed the American left’s excuse was that those policies weren’t tried by the right people. Namely them.

Women-Only Spa’s ‘No Male Genitals’ Rule Ignites Transgender Debate, at winnipegfreepress.com. Here is the progressive left’s conundrum? Do transgenders rank higher on the progressives value scale than women? Identity politics can be difficult because you eventually have to choose between groups. But seeing people as individuals who have constitutional protection from government coercion makes decisions very easy.

Left Forum Cancels Lesbian Panel Questioning Trans Advocacy Funding, at thefederalist.com. Here is the progressive left’s conundrum? Do transgenders rank higher on the progressives value scale than lesbians? Identity politics can be difficult because you eventually have to choose between groups. But seeing people as individuals who have constitutional protection from government coercion makes decisions very easy.

CARTOONS

lf4tTGu.jpg

202702.jpg

gmdqy3J.jpg

Must Reads For The Week 6/10/17

June 11, 2017

WTI Holds Below $48 As US Oil Rig Count Rises For 20th Week In A Row, at zerohedge.com. The American shale industry (fracking) has defeated the OPEC cartel.

Russia’s Economy Minister: “We Can Live forever At $40 Oil“, at zerohedge.com. They don’t have a choice.

The Latest Solar Scam: “Investing” In “solar Timeshares” aka “Community Solar Gardens.” Only $100/Month For 20 Years, by Mark M. Perry, at carpediemblog. I guess the phrase “community solar garden” doesn’t sound like a scam to people who lean left. That phrase would set of warning bells in my head.

35,000 Off Alabama’s Food Stamp Rolls Due To New Work Requirements, at al.com. Incentives matter.

People Not In The Work Force Soar By 608,000, at zerohedge.com. There are 94.983 million working age people not in the work force. That means only 62.7% of working age people have jobs. This the lowest participation rate since the late 70’s. More people consuming without corresponding production eventually doesn’t work out well. Does it?

Business License Required For Teens To Cut Grass, at abc3340.com. Here is an example of government constraining the economic activity teens. Mowing grass as a teen is where kids learn that production comes before consumption and many other lessons.

Chicago Cab Industry Collapsing as Medallion Foreclosures Soar, at zerohedge.com. What fracking has done to the OPEC cartel, ride sharing apps like Uber and Lyft are doing to the Taxi Cartel. Market forces are more powerful than government decrees.

Kid Zuckerberg’s Generosity With Your Money, at economicpolicyjournal.com. The “new” idea of universal basic income isn’t new at all. Excerpt from the article: “…..”universal basic income” goes back to at least the mid-19th century and the world’s most famous drunk, Karl Marx. Except Marx called it communism, a word that didn’t attempt to hide its connection to one of the most dreaded words in the English language – commune or communal.

Anthem To Exit 2018 Obamacare Exchange, at businessinsider.com. It seems like every other week we have another story about an insurance company getting out of the Obamacare exchanges. Once again we have an example of economic reality being more powerful than government decrees.

Healthcare: “Insurance” Now Means Redistribution, by Gary Galles, at mises.org. What we call healthcare insurance today is not insurance at all. Excerpt from the article: “How do we know insurance is not the real issue? Because claimed ‘reforms’ violate so many principles of insurance. Insurance is about reducing risk in the face of uncertain events. But insuring things that would happen for certain, say annual checkups, offers no risk reduction – it offers no benefits to weigh against the added costs of insurance administration that must be borne – yet such coverage is frequently mandated….….”

This Is How Bad It Is In Connecticut: The State May Start Issuing “Puerto Rico” Bonds, at economicpolicyjournal.com. Who would have thought that raising taxes on high income earners would create an incentive for them to move to a lower tax state?

Trump Deflates Paris: Nod To James Hansen, Rebuke To John Holdren, at masterresource.com. excerpt from the article: “The good news is that the Paris climate agreement, weak and aspirational to begin with, will increasingly to the way of the Kyoto Protocol. President Trump did a big favor for the US and the world by pulling out.