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Must Reads For The Week 10/3/15

October 2, 2015

Every time there is a mass shooting there’s one thing you can count on. The President will trot out in front of the cameras before the bodies are even cold and play politics. I wrote an article in December of 2012 after the Sandy Hook shootings titled “You Never Let A Serious Crisis Go To Waste” (click here). It showed the template politicians and radicals use to exploit a crisis. The President followed the template then, he has followed it religiously since then and he is following it now. I don’t even have to update this article, just read it as is.

Investing In Schools: Capital Spending, Facility Conditions, and Student Achievement, at nber.org. Study by the National Bureau of Economic Research finds no evidence that capital sending by schools improves student achievement.

Pro-NYC Charter Schools Group Airs TV Ad, ‘Progressives’ Scream Racism, at tammybruce.com. Teachers Unions don’t care if children get a better education. They only care about growing the number of teachers, and the salaries and benefits of the teachers.

Milton Friedman – The Way To Improve Schools video from libertypenblog.blogspot.com.

Questions To Millennials: Why Are You Not Mad As Hell Yet? at davidstockmanscontracorner.com. Millennials are going to be stuck paying for their student debt, Obamacare, social security (that they will never see), early retirement for government workers, all the debt Government officials have piled up just to name a few. It is inter-generational theft. You should be pissed off at my generation for getting you into this mess, I know I am. The question is: What are we going to do about it?

UN Aims To Eradicate Extreme Poverty, Hunger, Illiteracy and More, at tammybruce.com. The UN panel of 27 eminent thinkers said the number one threat to achieving these goals is, drum roll please, climate change (aka global warming). It is easy to set dates on goals, when your excuse for not reaching these goals can never be denied.

The Dirty Truth About “Organic”, by Henry Miller, at hoover.org. If Government officials are involved in setting the standards for what constitutes organic, do you think organic could possibly be a scam?

Crony Socialism: Government Bailouts Do Not Save Jobs, by Doug Reich, at capitalismmagizine.com. Businesses fail because the consumer has decided that they are not productive economic activities. Government officials bailing these businesses won’t change this reality. HT libertypenblog.blogspot.com.

From Ireland to Germany to Italy to Mexico: How Americas Source of Immigrants has Changed in Each State From 1850 to 2013, at pewhispanic.com. Hat Tip to Carpe Diem Blog. It is interesting to see the changes in the country of origin of immigrants to the United States over the decades starting in 1850. In certain periods in history you would have thought we were being invaded by the Irish and later by the Germans. The difference is these immigrants weren’t immigrating to a welfare state.

“Bacha Bazi” Obama’s Silence On Afghan Military Raping Children, at michellemalkin.com. All you multiculturalists who think that all cultures are equal and shouldn’t be judged, read this and tell me what you think. Our soldiers are being punished, by our military, for trying to stop child rape by Afghan military officers because it is part of their culture. Our guys should be receiving medals for stopping child rape.

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Must Reads For The Week 9/26/15

September 26, 2015

Will Feminists And Gender Activists Demand Perfect Gender Equity When It Comes To Workplace Fatalities? by Mark J. Perry, at economicpolicyjournal.com. Aside from what is said in the title, my observation about the list of professions that have the most fatalities was this; police and fire fighters are not in the top ten. There are many people who risk their lives serving mankind by producing goods and services that others want.

Most Popular Names Fro Babies Last Year, at huffingtonpost.com. HT Mark J. Perry at carpe diem blog. The chart shows the top girls and boys name for each state. Emma, Olivia, and Sophia are tops for girls, and Liam, William, and Noah are tops for boys.

The 2015 Economic Freedom Index: U.S. Ranking Falls, by Ryan McMaken at mises.org. Because of the rise in the power of our Federal Government, no one should be surprised at the U.S. dropping in these rankings. We were number 2 in the Freedom Index in 2000, this year we are number 16 in the freedom index.

Spitznagel: If Only The Fed Would Get Out Of The Way, by Ryan McMaken, at mises.org. Here is an excerpt from the article. “The master fallacy underlying so much economic commentary is to imagine that a handful of experts in Washington should be setting the price of borrowing money. Instead, the Fed should set markets free.

What Is Going On With Caterpillar Sales? at zerohedge.com. In a growing economy Caterpillar sales would be increasing, wouldn’t they?

Government Can’t Even Give Stuff Away Properly, by Gary Galles, at mises.org. When government tried to increase home ownership, we got the housing boom and bust. Government made young people debt serfs when it attempted to make college available to more people. How do you think Obamacare is going to turn out?

The FOMC Star Chamber, by Jeff Diest, at mises.org. If we know that price-fixing doesn’t work, why does the Fed think they can set interest rates.

The New Shackle Of Freedom: Clinging to Healthcare Insurance, by Charles Hugh Smith, at oftwominds.com. Here is an excerpt from the article: “Healthcare insurance is the new shackle of serfdom: Americans are forced to cling to whatever coverage they have, lest they loose coverage and risk bankruptcy.”

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Must Reads For The Week 9/19/15

September 19, 2015

Video Shows NYPD Officer’s Assault On Tennis Star James Blake, informationlibertarian.com. The cop didn’t even identify himself in any way before he slammed Blake to the ground and cuffed him. James Blake’s comments about the incident should be listened to both sides in the cop – citizen relationship.  I tip my hat to James Blake for such sober and rational comments.

DEA Blasted For No-Warrant Searches Of Patient Records, Court Battle Heats Up, at foxnews.com. Our founders fought a revolution so that government couldn’t do this to individuals. This is why the fourth and fifth amendments were placed in the bill of rights.

Wyoming Farmer In EPA’s Crosshairs, by Bonner Cohan, at cfact.org. The EPA is violating its own rules to make an example out of this farmer. How dare him defying the edicts of the EPA. I love that this guy has said screw you I’m taking a stand.

Sarasota Opts To Deregulate Uber -And Taxis, by Emily La Coz, at hearldtribune.com. Sarasota’s city commissioners voted to not regulate Uber and to get rid of regulations on taxis. This is what government at all levels should do. Quit intervening into voluntary exchange.

Pumping Up Government: Washington D.C. May Regulate Personal Trainers, at watchdog.org. The government is in the business of try to make us healthier. Now they want to protect us from people who are in the business of making us healthier.

Asheville Declares War On Airbnb, by Micheal Lowery, at carolinajournal.com. The city of Asheville is going to crack down on homeowners who list their home on the sharing app Airbnb. Why can’t they be like Sarasota and deregulate hotels motels and Aribnb?

Why Would Anybody Buy Recycled Paper?, by John Lott, at johnrlottblogspot.com. 1) More resources are used to recycle paper than to produce new paper. 2) The price of recycled paper is higher than  the price of virgin paper.

How The Justice Department Is Actively Preventing Civil Asset Forfeiture Reform, at zerohedge.com. The State of California is going to pass a Civil Asset Forfeiture Reform Bill. The DOJ is helping the California District Attorneys’ Association fight the bill.

White House Invites Transvestites, Pro-Abortion Nun, Gay Bishop, To Greet Pope, at targetliberty.com. Now that the President has persuaded the Pope to agree with him on wealth redistribution, and climate change. I guess he is going to try to convince the Pope to change his stance on abortion and gay marriage. He has a gift for persuasion you know.

DEO Regulations Mandate Dishwashers That Don’t Wash Well, at instituteforenergyresearch.org. Why would the Department of Energy do this? Because it can!

Without Government, Who Would Force A Men’s Barber Shop To Cut Women’s Hair?, at mises.org. What about property rights? If I own my property who has the right to tell me what I must do with it?

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Must Reads For The Week 9/12/15

September 12, 2015

Is There Really A ‘War On Cops’? Data Shows 2015 Will Likely Be One Of The Safest Years In History For Police, by Mark J. Perry, at carpediemblog. These facts show how media coverage can drive perception about reality. If I said at the present rate there will be 35 police officers killed by fire arms this year what would you think? Your first thought should be that 35 is a number without a context. 35 is one of the lowest numbers of police deaths by fire arms from a peak of over a hundred in the early 70’s. The lesson is don’t be swept along by the media current, and always put every number in context.

Over The Last 20 Years, Annual Fires In U.S. Have Decreased By About 50% While Career Firefighters Has Increased More Than 50%, by Mark J. Perry at carpediemblog. You might think that the decrease in fires is caused by the increase in firefighters. But there is no causation because firefighters put out fires after they are started not before they are started. Local firefighter unions have been able to grown the number of their members as the number of fires has decreased. Public sector unions see public tax payer dollars as easier to extort than what they can extort from the private sector.

Happy “$15 Dollar Minimum Wage” Labor Day From McDonalds, at zerohedge.com. Do the central planning do-gooders who raised the minimum wage care enough to look at the consequences of their benevolence and lack of knowledge about economics? You can’t raise the cost of labor above what it produces.

Canada Enters Recession, at zerohedge.com. Is this isolated? Or does it mean more if you also look at what is happening in China, Greece, Japan, Brazil, Venezuela, and Puerto Rico?

Paul Krugman Is “Really Worried” That He Might Have Screwed Up Japan, at zerohedge.com. Does Krugman have any memory of what he has said in the past. Or like an Alzheimer’s patient is every day a new beginning.

Common Core Or “Communist Core“, at zerohedge.com. Lily Tang Williams, a mother of three who grew up in communist China, says common core reminds her of the oppressive statist nature of her childhood education.

Tax, Tax, Tax: Is Rhamaland About To Get The Largest Property Tax In Modern Chicago History? (And that’s just for starters). at economicpolicyjournal.com.  Government officials all over the country, not just in Chicago, have promised more than what their tax slaves payers can produce. At some point there is going to have to be a restructuring or a default on public pensions.

New App For Politically Correcting Your Language, at reason.com. This app alerts you about possible microagression on your emails, texts, blog posts, and articles before you send them out. I don’t think I’m going to download this app. No one has a right to not be offended.

uBeams Wireless Technology Aims To Kill The Power Cord, at entrepreneur.com. From the article, “uBeam has developed technology that transmits ultrasonic waves…that are translated by devices as a microscopic quiver; this vibration is converted back into an electrical charge to power anything with a battery, no wires or wall plugs required.”

Kerry Picks Clinton Donor To Be State Department’s “Email Czar“, at zerohedge.com. You can’t make this stuff up! When I saw the headline I thought it was an article from The Onion.

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Must Reads For The Week 9/5/15

September 5, 2015

The pen is mightier than the sword...

 The pen is mightier than the sword… (Photo credit: mbshane)

The University Of Tennessee’s Office of Diversity and Inclusion want students to use gender-neutral pronouns. I”m going to put some excerpts from the University of Tennessee’s web site, otherwise you will think I’m making this up. “A few of the common singular gender-neutral pronouns are they, them, their (used as singular), ze, hir, hirs, and xe, xem, or xyr” (My spell check has no idea what to do with these). “These may sound a little funny at first, but only because they are new. The he and she pronouns would sound strange too if we had been taught ze when growing up.” Thats the whole point, we weren’t taught ze, hir, ze, or xem when we were growing up. But wait there’s more. “To learn more about gender identity, gender-neutral pronouns and transgendered topics, consider signing up for a Safe Zone workshop at safezone.utk.edu.” I bet safezone.utk.edu crashed with all of the people rushing to sign up.

I original linked to the University of Tennessee’s web site (here). It was taken down and replaced by this, Clarification On Gender-Neutral Pronouns Article (here).

HT carpediemblog,  and for the video below.

Colin Quinn Nails PC Culture, at thecollegefix.com.

This is funny because it is so absurdly true. When I went to the bank today a female teller and a black teller said ‘can I help you’ at the same time. This is what went through my mind, “I’m going to be a sexist or a racist after this choice”. How have we let political correctness get this far?

Exposed The New American Way Of Life, at zerohedge.com. Government goodies create an incentive to not get married. And maybe even to get divorced.

 

Via On Demand Transit, ridewithvia.com. When Uber starts to get competition from other ride sharing businesses, consumers benefit and the taxi cartel looses.

Obama Administration Pays $400,000 For Harassing ICE Attorney Trying To Enforce Immigration Law, at newsworks.org. Patricia Vroom a top attorney for ICE was bullied and harassed by officials in Washington because she raised concerns about the Obama administration’s prosecutorial discretion related to immigration law. Prosecutorial discretion means not enforcing the law. She sued and the administration paid her ($400 thousand of our tax dollars)  to end the law suit.

Orwellian Justice Upholds NSA Spying On Americans, at globalresearch.ca. The D.C. Circuit Court of Appeals ruled that a warrant is not needed for the NSA to spy on people. Have the judges on the D.C Circuit Court read the Fourth and Fifth amendments to the constitution?

The Feds Need A Warrant To Spy With Stingrays From Now On, at wired.com. Why did the Justice Department put hand cuffs on its power? There must be a reason I can’t see because government never gives up power.

The N.S.P.H.H.B.O.P., The Market, and the “Beepocalypse“, at mises.org. The market works better than government when it comes to everything. In the case of declining bee colonies, market prices worked their magic and now the number of bee colonies is increasing. This year the executive branch launched it’s “National Strategy to Promote the health of Honey Bees and Other Pollinators”. No doubt they will try to take credit for this increase. Just like the Obama administration tried to take credit for the growth in domestic oil production (fracking). When in fact they tried, and are still trying (click here), to hinder domestic production.

Solar Industry Admits Green Energy Only Exists Thanks To Government Subsidies, at economicpolicyjournal.com. The only way wind, solar, and geothermal can compete with carbon based fuels is because of government subsidies (your tax dollars). Of course getting a subsidy means you can’t compete. It would be like me saying I can compete with Usain Bolt in the 100 meter dash if I started 30 40 meters ahead of him. Quote, Robert Bradley Jr. – “When Government tries to pick winners and losers, it typically picks losers. Why? Because the Free market consumers pick winners to leave the losers for Government.”

Clinton Says ‘Sorry’ For Email Confusion, Says She Wasn’t Thinking, at yahoo.com. In her own words: “At the end of the day I am sorry that this has been confusing to people and has raised a lot of questions but there are answer to all these questions”……”I certainly wish that I had made a different choice and I know why the American people have questions about it…..I take responsibility”……”I was not thinking a lot when I got in. There was so much work to be done. We had so many problems around the world. I didn’t really stop and think what kind of email system will there be,”……”It was allowed and it was fully above board. The people in the government knew that I was using a personal account…”

I’m not going to translate this non apology apology. We are all well versed in translating Clinton speak.

 

LETS LAUGH

Political Cartoons by Lisa Benson

Political Cartoons by Nate Beeler

Political Cartoons by Glenn McCoy

 

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Must Reads For The Week 8/29/15

August 29, 2015

SThe pen is mightier than the sword...

 The pen is mightier than the sword… (Photo credit: mbshane)

This Start Up Has Figured Out How To Grow Metal Like A Tree, Katie Fehrenbacher, at entrepreneur.com. Modumetal is a company produces metal through a process similar to electroplating. “It is creating nanolaminated materials that will change design and manufacturing forever.” These stories give me hope that individuals in the market can outpace the growth of the regulatory state.

NASA’s 3D-Printed Rocket Parts Actually Work, by Drew Olanoff, at techcrunch.com. This is an example of what 3D printing is capable of. What normally takes four years to produce, now takes half the time.

How Big Is Uber? at econnoimcpolicyjournal.com. Even a government created monopoly like the taxi cartel is in danger of being beaten by individuals with an ides. Central planners plans are being overturned by the evil consumer, now that the consumer has a real choice.

Only 45% of Electric Car Owners This Year Have Replaced Their Cars With A New Electric Vehicle, by John Lott, at johnrlott.blogspot.com. Consumers who have tried electric cars are now choosing something different after doing the cost benefit analysis of owning an electric car.

The New Era Of The $400 Text Book, at economicpolicyjournal.com. Just part of the Government created bubble in college education. Excerpt from the article. “BTW; The Best textbook on economics (rarely found in government-funded colleges) is Murray Rothbard’s Man Economy and State, and that can be had in paperback for only $17.58 in paperback.”

Seattle Socialist Council Member Wants to Eject “Profit Making Billionaires” From Tech Industry, at taretliberty.com. Socialist Kashama Sawant has already killed minimum wage jobs when she pushed through the $15 minimum wage in Seattle. Now she wants to work her socialist magic on the tech industry. Why do people like her think their utopian vision of the world can be implemented by simple decree at no cost. Individuals will now start to make their decisions factoring in the new set of incentives and constraints created by the new utopian policies.

The Gradual Phase-In of $15 and Hour Minimum Wage Laws as Insurance Policies Against Public Relations Disasters, by Mark J. Perry, at carpediemblog. The gradual phase in of interventionist policies shows that  interventionists understand the consequences of their policies. Remember how Obamacare was passed but not implemented until after the 2012 presidential election? Some of the Obamacare policies have yet to be implemented. Incrementalism gets people use to the new normal the slow implementation produces. Just like boiling a frog.

Government To Creamery: Your Milk Is Entirely Too Natural To Not Be Labeled “Imitation”, by Mary Katherine Ham, at liberallogic101.com. Another example of too many regulations. Get out of our lives!

New National Labor Relations Board Ruling Is Going To Be A Major Problem For Fast Food Chains, at economicpolicyjournal,com. Another example of government intervention into the free market. How are interventions by government agencies in a democracy any different from decrees by the politburo in the former Soviet Union?

US Falls Behind Canada, Finland, And Hong Kong In Human Freedom Index, at zerohedge.com. If this doesn’t wake us up nothing will. The American Revolution changed the world. For the first time in history Government was put in chains by the constitution, and the individual was placed above the state. The American Revolution has been turned upside down by the steady erosion of individual freedom over the last century. We are at a pivotal moment in the history of freedom

LETS LAUGH.

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Must Reads For The Week 8/22/15

August 22, 2015

The pen is mightier than the sword...

 The pen is mightier than the sword… (Photo credit: mbshane)

Barber Gives Free Haircuts To Kids Who Read To Him, at odditycentral.com. Here is an example of a person making a difference.

Cab Companies Expanding Technology To Help Level Playing Field With Uber And Lyft, by Janet Moore, at startribune.com. Uber is forcing the taxi cartel to improve their service. The taxi cartel has operated on a playing field tilted in their direction for years thanks to Government. The game is no longer being played on this tilted playing field. Uber has moved the game to a new playing field that does not need to be leveled, it already is. No one kept the taxi cartel from coming up with the Uber model. Their monopoly position sowed the seeds of their own destruction. Read; “Car Wars” Return of the Jitneys.

Californians Roll 96 Million Plastic Balls Into Reservoir To Curb Evaporation, by Craig Rucker, at cfact.org. As it says in the post: “Irony is when Californians blame a natural drought on oil, than protect their reservoir with 96 million balls made from petroleum.” It reminds me of; “Seattle “Kayaktivists” Protest Shell Oil Drilling Rig In Kayaks Made From Oil.

How Much Time ABC, NBC, and CBS Have Spent Covering the Planned Parenthood Videos, by Kate Scanlon, at dailysignal.com. A total of 1 minute and 13 seconds out of a total of 243 hours of coverage were spent on the videos that show Planned Parenthood trafficking in baby parts. If you watch the videos it’s not hard to figure out why they don’t want people to see them. It’s media censorship by omission.

Transporting Oil And Gas By Pipe Line In Canada Is 4.5 Times Safer Than Transport By Rail, by Kenneth Green, at fraserinstitute.com. How much oil will be spilled, unnecessarily in the U S, because the Obama administration shut down building the Keystone Pipeline for “environmental” reasons?

Refrack Resourceship: Why The Carbon-Based energy Era Is Still Young, by Robert Bradley Jr. at masterresource.org. Here is an excerpt from the article: “The fossil fuel era is new…..In fact compared to renewables, natural gas, coal and oil are the real ‘infant industries’. Remember, for most of the last thousand tears, and all of the time earlier, renewable energy (primitive biomass, falling water, wind, solar) held a virtual 100 percent market share: Carbon-based energies have dominated only since the onset of the Industrial Revolution.”

The Agency That Contaminated The Animas River Is About To Start Regulating Water That May Be In Your Back Yard, by Marita Noon, at cfact.org. Unelected EPA bureaucrats are making regulations that squash your freedom, by expanding their regulatory power.

Why The Federal Government Fails, by Chris Edwards, at cato.org. Top down government central planning benefit a few at the expense of the many, while free markets produce increased value for both parties involved in an exchange.

James Harrison Gives Back His Sons Participation Trophies Until They Earn A Real Trophy, at jhharrison Instagram. Pittsburgh linebacker James Harrison wants his sons to have real self esteem earned in the real world, instead of false self esteem assigned for fake achievement.

Sound Familiar? A Clinton Swears Under Penalty of Perjury That Nothing Improper Took Place, at michellemalkin.com.

Are you as sick of the Clinton’s shtick as I am?

 

News Busted. Lets laugh a little bit.

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Must Reads For The Week 8/15/15

August 14, 2015

The pen is mightier than the sword...

 The pen is mightier than the sword… (Photo credit: mbshane)

Fed Finally Figures Out Soaring Student Debt Is Reason For Exploding College Costs, at zerohedge.com. The Fed has figured out that when money, from debt and money printing, is injected into a particular area of the economy, it raises the price (creates a bubble). Does this revelation hold true for all of the Feds printed money that has gone into the stock market?

The Doctor Won’t See You Now, at Forbes.com.  The laws of economics will be strictly obeyed.  The money quote from the article, “Many exchange policies limit patients’ choices of doctors and hospitals in order to keep premiums down in the face of Obamacare’s intrusive regulations and costly mandates.”  Who could have predicted that?

Navajo Nation Vows To Hold EPA Accountable, at zerohedge.com.  The EPA is responsible for releasing 1 Million, 3 Million gallons of toxic waste water into Colorado’s Animus River.  Like all Government agencies they are currently blaming the contractor for the accident.  Tough luck for New Mexico and Utah who are downstream from the toxic release.  I haven’t heard a peep from the media or environmental groups about this.  I guess it’s neither illegal nor a big deal if the government does it.  I wish the Navajo nation good luck in any lawsuit.  It’s great to be the tyrant, king!

Did EPA Intentionally Poison Animus River To Secure SuperFund Money?, at zerohedge.com.  It appears that a retired geologist predicted that the EPA would foul the Animus River a week before it actually occurred.  The implications of his accusations are chilling.  Never let a good crisis go to waste?

The Battle Intensifies: Police Raid Uber’s Hong Kong Office, at economicpolicyjournal.com.  Car Wars! Return of the Jitneys continues.  At this point, a rational government would realize they can’t put the genie back in the bottle.  Protecting special interests always trumps rationality but it can’t defeat the basic laws of economics.

Going Breadless in Venezuela, at economicpolicyjournal.com.  Socialism and price controls rear their ugly head again as bread shortages are the new norm in Venezuela.  Weren’t there food riots last week?  Don’t they have a toilet paper shortage as well?  Hey, let them eat cake!  Sorry, that’s reserved for the rulers.

Minimum Wage Effect?, at Carpe Diem Blog.  January to June job losses for Seattle area restaurants reaches 1300.  While there are many reasons for declining employment, artificially raising the price of labor means you will have less of it.  Businesses must make adjustments to increased costs.  My guess is that one unintended consequence will be less tipping for servers.

China’s Currency Policy: Devastating Manipulation or a Form of Generous Foreign Aid to Americans?, at Carpe Diem Blog.  This is a very different take on China’s recent efforts to devalue their currency.  Government intervention in currency whether it is printing counterfeit money, zero point interest rates, fractional reserve banking, or devaluing will always have unforeseen and negative consequences.  As for devaluing currency, how do you jump off a cliff halfway?

The Disturbing Messages In Police Recruiting Videos, at The Washington Post.  You don’t have to watch all the videos to get the point.  Why would you stress violent confrontation in your recruiting videos?  Even the Marine Corps doesn’t do that and they have the best military recruiting videos bar none.  If it is part of the recruiting tactics then it is likely the emphasis of their training.  When the only tool you have is a hammer, everything looks like a nail.  Make sure you check out the last recruiting video by the Decatur Alabama police.  Quite the difference!

Serfdom USA!, at economicpolicyjournal.com.  Let’s end the week with some laughs.  This is for all of the true Austrian Economics Addicts out there.

 

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Must Reads For The Week 8/8/15

August 7, 2015
The pen is mightier than the sword...

 The pen is mightier than the sword… (Photo credit: mbshane)

The CEO Who Raised Minimum Wage To $70,000 Just Got Smacked With A HARSH Dose Of Reality, by Norvell Rose, at westernjournalism.com. You can’t increase wages above what they produce. No matter how much someone wants to deny economic forces, they are always in play and they eventually correct. In this case there were some unintended consequences that many didn’t see.

Least Transparent Ever: IRS Used “Wholly Separate” Message System To Hide Communications, at zerohedge.com. This doesn’t shock anyone does it?

Pictures Worth A Thousand Words: The Chinese Eco-City That Became A Ghost Town, at davidstockmancontracorner.com. The Central Bank printing press produces a complete waste of scarce resources, labor, and capital that had alternative uses.

Chart Of The Day: $4 Trillion Of Fed Money Pumping Since 2000 Has Done Nothing For Main Street, at davidstockmancontracorner.com. The Federal Reserve electronic printing press produces a complete misallocation (waste) of scarce resources, labor, and capital that had alternative uses.

A Preview Of Obamacare? Puerto Rico’s Health Care System Is Headed For An All Out Crisis, at economicpolicyjournal.com. Central planning distorts information about supply and demand. Market prices coordinate supply and demand. We shouldn’t be surprised. Central planning increases the power of politicians and bureaucrats at the expense of the individual.

Food Riots In Venezuela (One Dead), at economicpolicyjournal.com. The fruit of the central planning tree.

Venn Diagram Of The Day, by Mark J. Perry, at carpediemblog.

VennIran

Indian Restaurant Fined For For Wanting ‘Experienced Indian Waiter’, by Thomas Novelly, at freebeacon.com. The New York City Commission On Human Rights, (a name that’s meant for mischief), is sticking their nose where it doesn’t belong. The restaurant has been closed for a year since the trial has been going on. Is the NYC Commission on Human Rights worried about the “human rights”of the people who are no longer working because of the shutdown?

Here Is The Reason Why GM’s July Sales Smashed Expectations, at zerohedge.com. The Government is buying fleets of cars from Government Motors. Your tax dollars at work. GM should have gone through bankruptcy. Both Bush and Obama bailed GM Out.

Opternative’s Online Eye-Testing Service Returns Prescriptions In 24 Hours, by Nick Lavars, at gizmag.com. If Government wouldn’t have intervened into the healthcare system with the Affordable Care Act, the market would have brought down prices. Can what’s left of a free market in healthcare outpace the growth of our quasi socialist healthcare system, aka Obamacare.

Cartoons About Planned Parenthood, at lifenews.com. See the rest here.

cartoon4

 

cartoonB

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Must Reads For The Week 8/1/15

July 31, 2015
The pen is mightier than the sword...

 The pen is mightier than the sword… (Photo credit: mbshane)

Happy 103rd Birthday Milton Friedman, by Mark J. Perry, at carpediemblog. Yesterday was Milton Friedman’s birthday. Milton Friedman had a talent for explaining complex economic concepts in a way that regular people like me were able to understand. This post by Mark J. Perry has some great quotes and a link to some great videos. Here is a video of Milton Friedman at his best as he takes on leftist Phil Donahue.

Here is the full episode with Friedman on the Donahue show. This is a great lesson on how to talk to a leftist.

Same Attorney In Charge Of Retrieving Lois Lerner’s IRS E-Mails Now In Charge Of Retrieving State Department Benghazi E-Mails!, at investmentwatchblog.com. A cleaner is a person who gets rid of incriminating evidence at the scene of a crime. Former IRS cleaner Kate Duval, is now going to the State Department to apply her craft to the Benghazi e-mails. Read a previous post titled, Hillary and Benghazi: Call In The Cleaners.

Former Obamacare Chief To Lead Top Insurance Lobby, by Paige Winfield Cunningham, at washingtonexaminer.com. The incestuous relationship between government bureaucrats and crony capitalists is here for all to see. Here is a quote, “There is no better individual than Marilyn to lead our industry through the increasingly complex health care transformation that is underway,” So let’s see if I understand this. A bureaucrat makes the health care system more complex for businesses, and then gets hired to help businesses with the complexity of the system. Who says government doesn’t create jobs?

Shocker: Louisiana Shooter Was On Psychotropic Drugs And Was Denied A Gun Permit, at theburningplatform.com.   If psychotropic drugs increase the risk of suicide. It doesn’t seem like a big jump to say that they increase the risk of homicide.

Total Collapse: Greece Reverts To Barter Economy For First Time Since Nazi Occupation, at zerohedge.com. Greece is moving towards barter because citizens can’t get to their money. When you move toward barter you are moving toward a lower standard of living, because transaction costs are higher.

Meanwhile In Venezuela…. The Socialist Paradise Has Arrived, at zerohede.com. Like F. A. Hayek said: The centrally planned socialist road leads to serfdom and poverty.

Jim Grant: Financial Prices Should Be Discovered, Not Administered, at zerohedge.com. Free market prices convey information for how scarce resources can be used in their most efficient way. Artificially set prices convey false information channeling scarce resources to less efficient uses.

Feds Get The Power To Seize Medical Records On ‘Fishing Expeditions’ With No Subpoena From A Judge, by Mark Fitzgibbons, at americanthinker.com. Another example of the violation of citizens fourth amendment rights to be secure in their persons, houses, papers, and effects against unreasonable searches and seizures without a warrant.

New Male Privilege Tax, at economicpolicyjournal.com. Watch this short video of Mark Dice getting people to sign a petition to pass a “Male Privilege Tax”. Can we survive this kind of ignorance?

How Student Loans Create Demand For Useless Degrees, by Josh Grossman, at mises.org. Student loans have create a couple of things. 1) Debt serfs who will be making payments for years. 2) Young people with meaningless degrees. 3) Rising college prices. Student loans have created a bubble in college education.

 

 

 

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