Archive for the ‘Must Reads For The Week’ category

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.

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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

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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

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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.

 

Must reads For The Week 6/3/17

June 3, 2017

WE BID ‘ADIEU’ TO THE PARIS CLIMATE AGREEMENT

President Trump Announces US Withdrawal From The Paris Climate Accord, at zerohedge.com. Jerry Brown, Bill DeBlasio, Al Gore, Bernie Sanders, and Barack Obama respond to Trump pulling out of the Paris Climate Accord. If these five are for the Paris climate agreement, it must be nothing more than a socialist scheme for redistributing US tax payer money to the rest of the world. This agreement fits the world view of these gentlemen. Getting out doesn’t.

Obama Responds To Trump’s Withdrawal From Paris Climate Agreement, at zerohedge.com. First let me say this. President Obama. Since you didn’t send this treaty to the Senate for ratification, you had to know that the next President could get us out of this ‘agreement’  just as easily as you got us in to it.

Now here is what the former President said in his statement: “….the private sector already chose a low-carbon future. And for Nations that committed themselves to that future, the Paris Agreement opened the floodgates for businesses, scientists, and engineers to unleash high-tech, low-carbon investment and innovation on an unprecedented scale.”

Mr. President. The private sector didn’t choose “a low-carbon future”. Government ‘invested’ in green energy because the private sector wasn’t. The private sector doesn’t invest in technology that isn’t productive. Government ‘investment’ is nothing more than Politicians using taxpayer money to subsidize a non productive activity they think is a good idea (which means it fits their socialist world view). Once government money was available for the taking, crony capitalists, like Elon Musk and Jeffry Immelt, got in line for their share of tax payer dollars. Crony capitalist companies chose unproductive activities that were “made profitable” by tax payer dollars (Read-The Hidden High Cost Of Green Energy). So of course they’re against the US getting out of the Paris Agreement.

More from the former President: “…But even in the absence of American leadership……I’m confident that our states, cities, and businesses will step up and do even more to lead the way, and help protect for future generations the one planet we’ve got.”

First. It is OK if states, cities, and businesses want to freely choose this course of action. As long as they aren’t forced by the Federal Government or subsidized by the Federal Government.

Second. Getting out of the Paris Agreement is not the absence of American leadership. Getting out is American leadership. Leadership in America doesn’t come from political decrees. It comes from individuals coming up with new and better ways of producing output. A perfect example of American leadership is fracking. Fracking has broken the OPEC cartel because of the increased supply of oil. It has also helped lower US CO2 emissions because it has made natural gas so inexpensive that power plants are using natural gas instead of coal to produce electricity (If the purpose of the Paris Agreement was to lower carbon emissions they should be celebrating what fracking has accomplished). Here is an excerpt from an article I wrote titled; “Free Market Fracking Trumps Government Solutions When It Comes To Producing Energy.”

Market forces are more powerful than the hoped for results of central planners. The most recent example of this is the boom in oil and natural gas production, created by hydraulic fracturing [ fracking], which is taking place on private land in spite of Government policies. Our politicians shut down some Government lands to oil exploration, and made the process of getting permits for exploration on remaining lands more time-consuming [costlier]. They used their power, and our tax dollars, to promote and invest in, “green energy”. Green energy was going to create new jobs and lead our economy into the future; do you remember Van Jones the Green Jobs Tzar. As always, the plans by our best and brightest politicians, must be obedient to economic forces. Green energy has, and is, going bankrupt, in spite of being propped up by Government. Government tried to make carbon based fuels more expensive through regulation, and green energy more affordable through tax payer subsidies; And with all this Government intervention, the economic reality that green energy produces less energy at a higher cost, and carbon based fuel produces more energy at a lower cost, can’t be overcome.”

Elon Musk Leaving Trump Advisory Councils following Paris Agreement Withdrawal, at techcrunch.com. Having crony capitalist Elon Musk on a Government advisory council is like having the fox advising the farmer on how to make the hen-house more secure. (Read Here – Gov. Subsidies Helped Musk Attain $13.3 Billion Net Worth)

Studying The Climate Doesn’t Make You An Expert On Economics And Politics, by Ryan McMaken, at mises.org. Excerpt from the article: “…the Paris Climate Agreement isn’t a scientific study. It’s a political document that lays out a specific public-policy agenda…..to people who know nothing about economics or political institutions – public policy is like a magic trick. A group of politicians get together, declare that they’re going to solve problem X, and then problem X is magically solved, so long as everyone supports the “solution”…….what if the cure is worse than the disease?

THE REST OF THE MUST READS

To Lower Healthcare Costs, Try Freedom, by Julian Adorney, at mises.org. Quote from above. “Market forces are more powerful than the hoped for results of central planners.

The ‘Logic’ Of Protectionism Leads To An Absurd Conclusion: total Economic Self-Sufficiency At the Individual Level, by Mark J. Perry, at carpediemblog. Free trade increases wealth. Mercantilist protectionism decreases wealth.

Why Do Half-Measures Work For Markets, But Not for Socialism? by Ryan McMaken, at mises.org. Even as Venezuela fails as it adopts more socialist solutions, true believers say it isn’t true socialism. When a socialist country adopts some market solutions it helps lift more of their people out of poverty.

Auto Bloodbath: Lowest Domestic Auto Sales In Three Years Despite Record Inventories and Incentives, at zerohedge.com. Is the auto bubble about to burst?

Spying On You, Spying On Me, Spying On The President, by Andrew Napolitano, at lewrockwell.com. Once you  allow government surveillance outside of our fourth amendment rights. It is almost impossible to recapture the pit bull of government you let off the chain.

Voter Fraud? 5,500 Non-Citizens Discovered On Virginia’s Voting Rolls, at zerohedge.com. Now this is how you break the law to influence the election!

CARTOONS

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Must Reads For The Week 5/27/17

May 27, 2017

Another Insurer Quits Obamacare Leaving 25 Counties In Missouri With No Healthcare Options, at zerohedge.com. Here is another state in which Obamacare regulations are collapsing the insurance market. Unfortunately most people think the problem can be solved by implementing more regulations. Allowing individuals and businesses to make unhampered decisions in a free market is the answer. Not a perfect answer. Just the most tolerable best result possible.

Two Examples Of Ponzi Scheme Retirement Systems. This is where social security, medicare and medicaid (Obamacare) are headed. Now Puerto Rico Employee Retirement System Files For Bankruptcy, at economicpolicyjournal.com. Ponzi Scheme: What The Chicago Teachers’ Pension Fund Would Be Called It Were A Hedge Fund, at zerohedge.com.

GM Accused In Owner Lawsuit Of Using VW-Like Defeat Devices, at bloomberg.com. This the sixth car company that has been caught cheating on EPA pollution rules. The problem is the over the top EPA rules, not the companies. The companies are acting rationally. This is essentially a black market dealing with over regulation by big government.

“Sell The News: – WTI Tumbles Below $50 After OPEC Disappointment, at zerohedge.com. The OPEC Cartel has lost its power to increase the price of oil. The American shale industry (fracking) should get the credit.

Why The Crazy ‘Net Neutrality’ Demands From The Left, at economicpolicyjournal.com. The left doesn’t want more internet freedom. They want to control the internet. When the left has a choice between more government power and individual freedom they invariably choose government power.

ESPN And The Bursting Of The Sports Bubble, at William L. Anderson, at mises.org. Excerpt from the article: “ESPN is losing 10,000 subscribers every day so far in 2017. In the past six years they have lost 13 million subscribers and that subscriber loss is escalating each year.” Add this to the fact that ESPN has contracted to pay the NFL, NHL, NBA, and NCAA top dollar for broadcasting rights over the next 4 years, and we can see ESPN is on a path to lose billions of dollars. When these contracts run out these sports organizations will not be able to command as high a price for their product. These organizations will have to run on less revenue. Costs will have to be cut and normally that means the cost of labor. The amount of money for the salaries of coaches and players will decrease. More from the article: “...while it is tempting to say that “ESPN pays for this,” in reality, it is the consumer of cable/satellite television that ultimately decides the size of the ESPN payouts, and consumers are stating their preferences with their checkbooks, and there is nothing ESPN can do about it.” The consumer ultimately sets the wages of workers.

A Canadian Town Wanted A Transit System. It Hired Uber, by Craig S. Smith (NYT), at sfgate.com. What is the cost difference between a government run transit system and a market solution to a transit problem? A lot! The only problem is if tax payers dollars are going to subsidize the cost of Uber, you can bet your life that the price Uber would normally charge will increase.

Has The Drug War Incentivized Police To Treat Citizens Like Terrorists? at zerohedge.com. Incentives matter.

Class Focused On Greco-Roman Books May Be Changed After Students Complain It’s Too White, at thecollegefix.com. Why would anyone give in to such insanity? But you know Reed College will give in to the tyrannical minority. Just a thought: Didn’t Greeks and Romans have olive color or darker skin?

Some Data To Ponder Now That Calling America ‘A Land Of Opportunity’ Is considered To Be A Microaggression, at economicpolicyjournal.com. Ethnic minorities have the highest household incomes. Proving that the US is still the land of opportunity. Look at the chart in this article.

Ruperta The elephant Is Starving In A Venezuelan Zoo! Sign Petition To Get Her Transferred, at onegreenplanet.org. These environmental crazies are more worried about this elephant, than the starving people of Venezuela

Islamists Threw A Christian Politician In Jail For ‘Blasphemy’ Against Quran, at thefederalist.com. This is an example why people are afraid to say anything against Islam. But these same people have no fear of blaspheming Christianity.

Theresa May To Create New Internet That Would Be Controlled And Regulated By Government, at independent.co.uk. This is what the leftists in the US would love to be able to do.

CARTOONS

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Must Reads For The Week 5/20/17

May 20, 2017

How The Obama Precedent Empowered Trump, by Victor Davis Hanson, at victorhanson.com. Excerpt from the article: “A supposedly disinterested media’s ecstasy over Obama’s election ensured that its subsequent revulsion at Trump could be taken no more seriously. Once a journalist declares a president a god or capable of sending shocks down one’s leg, then he would be no more credible if he were to pronounce another president the anti-Christ or capable of causing boils on one’s appendages…….A critical media is not a mere reset button that one turns on and off at one’s convenience. Instead, once it was short-circuited after 2008, its burned-out switch cannot be flipped back on in 2007. In sum, there is no longer a believable media that can offer credible critiques of the Trump presidency.”

Sock Puppets Taken To An Entirely New Level: ‘Click’ Farms Of 10,000 Phones That Give FAKE Likes, by John Lott, at johnrlott.blogspot.com. Fake likes produce fake stats about which stories are trending on social media. You now have the ability to manufacture fake outrage. Related article – Up To 15% Of Twitter Accounts Are Fake, Study Finds, at zerohedge.com.

Donald Trump’s Big Problem, He Doesn’t Understand Power, at targetliberty.com. Trump is an outsider who doesn’t understand the game played by the insiders.

Dismantle The FBI, And Give Its Money Back To The States, by Ryan McMaken, at mises.org. The FBI has turned into a big bloated money-grubbing political bureaucracy. Its goal is to make sure the FBI is declared the winner in every situation. It’s job of law enforcement can be done better and cheaper if it was decentralized. The leadership of the FBI, (not the rank and file agents), aren’t the guys wearing the white hats like they have been portrayed.

Public-Sector Unions Keep The Gravy Train Flowing To Fire Departments, by Ryan McMaken, at mises.org. Another example of “public servants” feeding at the public trough. From 1980 to 2013 fire runs have declined from 3Million to 1.24 million. In a free market, as demand for a service decreases the supply of that service shrinks also. In the public sector the opposite seems to happen. Government public servants want to protect or increase their skimming operation at the taxpayers expense. Excerpt from the article: “Don’t let these facts get in the way of the romantic view of firefighting perpetuated by popular culture. No organization loves the fantasy version of firefighting better than the public unions that lobby constantly for more lucrative salaries and benefits for firefighters.”

Wind Turbines Are Neither Clean Nor Green And They Provide Zero Global Energy, by Matt Ridley, at spectator.co.uk. Can the taxpayer subsidized experiment of green energy finally be coming to an end? All the money, resources, time, labor and capital that has been wasted on green energy, could have been used for more productive activities. Government “investment” is an oxymoron, because ‘bureaucrats’ aren’t “investing” their own money.  Wasted resources are kept to a minimum in the private sector because businesses suffer losses. But in the public sector waste continues for longer periods of time because of the seeming unlimited supply of taxpayer money.

The reality about green energy is only optional for a little while. Read these articles. Wind Power: Michigan Voters In Three Counties Reject or Restrict It, at nationalreview.com. Oklahoma Ends Wind Tax Subsidy, at instituteforenergyresearch.org. Europe Has Little Output To Show For Its Wind And Solar Investments, at instituteforenergyresearch.org.

More Solar Jobs Is A Curse, Not A Blessing, at cfact.org. More workers employed in an industry that produces higher cost energy is a bad thing. It has taken longer for economic principles to correct for these non productive uses of resources, time, labor and capital. The tax payer money that government has invested in these non productive activities has distorted the market. The inevitable correction is happening. Fortunately economic laws always win.

The Other Shoe Drops: Prime Auto Loan Losses Surge As Recoveries Tumble, at zerohedge.com. Instead of decreasing supply to match decreasing demand, the auto industry brought future demand into the present by pushing subprime loans and low payment leases. We are going to see an over-supply of used cars because the  leases have ended and also because of subprime loan defaults. There is no present demand to support the over production because demand was borrowed from the future to keep the car manufacturing plants operating in the present.

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Must Reads For The Week 5/13/17

May 13, 2017

Why Tesla’s Solar Roof Is Just Another Giant Taxpayer Gift To Elon Musk, at zerohedge.com. Elon Musk is skilled at getting his hands on taxpayer money. He is nothing more than a welfare recipient. If a business isn’t profitable without taxpayer money, it shouldn’t exist. Taxpayer money shouldn’t be given to any businesses.

The Minimum Wage Eats Restaurants, at econoicpolicyjournal.com. As the minimum wage rises via government decree. Restaurants close. If these restaurant owners were as talented as Elon Musk, they would get taxpayer dollars from government to pay for the mandated minimum wage increase.

How Fed-Enabled Zombie Companies Crush Productivity Growth, at zerohedge.com. Excerpt from the article: “When lagging firms don’t go bust, they hog scarce resources and drag down productivity…..The survival of weak companies drags down average productivity, but the consequences for growth are even worse. Since such firms take up scarce resources, their prolonged survival (or their delayed restructuring) inflates wages relative to productivity, depresses market prices and undermines investment – all of which deters the expansion of productive companies, particularly startups, and amplifies the mismatch of skills.”

On The AFL-CIO’s Inflated 341-to-1 CEO-To-Worker Pay Ratio, And The Statistical Legerdemain Used To Produce It, by Mark J. Perry, at carpediemblog. When ‘fake stats’ are never analyzed they produce ‘fake news’. The media accepts ‘fake stats’ as long as they fit the media’s vision of the world.

How Capitalism is Setting Washerwomen Free, at fee.org. Excerpt from the article: “Has anything changed the world more than the internet? …….one invention – an engine of liberation – has had a far more powerful effect on daily lives. He means the washing machine…….the greatest invention of the industrial revolution. It freed women from the chore of laundry – or at least from spending one full day a week every week doing it.”

Would You Lease – To -Own A Pair Of Sneakers, by George Pickering, at mises.org. Excerpt from the article: “Unlikely as it is that debt-financed Air Jordans will touch off the next worldwide recession, they nevertheless offer a microcosm of the forces currently forming unsustainable bubbles in an increasing number of markets throughout the economy.”

Trade Ignorance and Demagoguery, by Walter E. Williams, at jewishworldreview.com. I wish Trump would sit down with Dr. Williams for a day and learn something about economics.

California, Illinois, and New York Keep Losing People to Other States, by Ryan McMaken, at mises.org. People are voting with their feet. High taxes, increasing regulations and the high cost of living are incentives that force people to escape to greener pastures.

The Most Dangerous Book On Economics Ever Written For Kids, at economicpolicyjournal.com. The left is propagandizing children into believing capitalism is bad and communism is good.

Hero’ Stopped Mass Murder By Crazed Bar Patron Who Was Armed To The Teeth, Police Say, at dallasnews.com. Gunman who killed sports bar manager is shot by concealed carry holder. Good guy with a gun stops a bad guy with gun.

Senate Hearing Summary: Everything you Thought You  Knew About Russia/Comey Just Got Destroyed, at zerohedge.com. Does anyone outside of the Washington establishment really think this is important? This is the political game of who can make the other side look bad. The people inside the beltway don’t understand how much people outside the beltway are sickened by the political game. We don’t want to play this game or watch this game played anymore.

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Must Reads For The Week 5/6/17

May 6, 2017

FCC Chairman Ajit Pai On Why He Is Rejecting Net Neutrality Rules, at reason.com. Free speech and access to information are important tools in pushing back against the propaganda of status quo institutions. Government bureaucracies, political parties, mainstream media, the Fed and it’s banking satellites, the health system, and our education system are just a few that need their power reduced. These institutions do not like information about their skims and scams to be found out.

Why The New York Times Is Cheering On “Censorship Algorithms”, at zerohedge.com. U.S. mainstream media  wants to use algorithms to purge the internet of stories it decides is fake news. They don’t like the fact that their monopoly on information no longer exists. Every status quo institution wants to hold on to its power. Fortunately for us the internet genie is out of the bottle.

The Pope’s Favorite Straw Man: Individualism”, by Ryan McMaken, at mises.org. It is OK for the Pope to be ignorant about economics, as long as he doesn’t pontificate about economics.

ESPN Anchor Admits Network Failing Because Of Politics, at tammybruce.com. People watch sports to escape the political BS they are bombarded with everyday.

Jimmy Kimmel Opens Up About His New Born Son’s Heart Surgery And Praises Obamacare, at npr.org. Emotion is not thinking. This is why I haven’t watched any late night shows since Johnny Carson. I don’t want to be preached to by someone who is supposed to make me laugh. We are headed toward a single payer government-run healthcare system and Kimmel obviously supports this. This direction will not be stopped by the House repeal bill. Does Kimmel understand that under his desired government-run single payer system, a bureaucrat, guided by bureaucratic rules, would have decided if his son would have had the surgery or not. It wouldn’t have been his decision. Emotional pleas do not change the reality of the cost of healthcare goods and services. Government subsidies, taxes, rules and regulations created these high cost. After the costs rise, Government then passes regulations that attempt to hide or shift the costs to someone else. Getting back to a true free market in healthcare is the only way to lower healthcare costs. What are the odds of that happening?

Obamacare Implosion: Last Major Healthcare Provider Pulls Out Of Iowa Leaving No Options In 2018, at zerohedge.com. Also: Obamacare “Death Spiral”: Maryland Insurer Seeks 50% Premium Increase for 2018, at zerohedge.com. How is our centrally planned healthcare system working out?

Maduro Hands Out Free Homes, Hikes Minimum Wages To Counter Angry Protests Wave, at zerohedge.com. Free stuff and setting prices is socialist central planning. Government intervention like this is how Venezuela got into this mess in the first place. How are these policies going to improve a situation that policies like this produced?

Philly Beverage Tax Blowback: Coca Cola Sales Plunge 32%, at zerohedge.com. Who would have thought increasing the price would lead to less being consumed. This is incremental socialism.

Dakota Access Pipeline Protest Camp Is Ecological Mess. State May Sue To Recover Losses, at kfgo.com. Do as I say not as I do. These people protested the pipeline because of possible ecological disasters. In the process, they created a real ecological disaster. We should never take these kinds of people serious.

It Takes 79 Solar Workers To Produce Same Amount Of Electric Power As One Coal Worker, by Mark J. Perry, at carpediemblog. Even thought solar and wind are subsidized by tax payer dollars, they can’t match fossil fuels in producing cheap efficient energy.

Northern Arizona U. Professors Claim Student Recordings Are Part Of An Attack, at arizonadailyindependant.com. Students are pushing back against the education establishment.

Barack Obama Officially Endorses Emmanuel Macron, at zerohedge.com. Obama says the hell with influencing elections covertly. I’m going to try to influence the French election overtly. People who think that governments don’t try to influence elections are naive. Did Russia try to influence our election? Yes. Did Obama try to influence Netanyahu’s election (read here)? Yes. Did Obama try to influence the Brexit vote (read here)? Yes. Did late night shows try to influence the election? Yes. Did the mainstream media try to influence the election? Yes. Did wall street try to influence the election? Yes. Did unions try to influence the election? Yes. Did you try to influence the election? There is a big difference between trying to influence an election and tampering with the casting and counting of votes.

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at therightreasons.net

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