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Must Reads For The Week 5/31/14

May 30, 2014
The pen is mightier than the sword...

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

Regulators Attack Dentist For Charging Too Little, at libertypenblog.blogspot.com. A Dentist trying to supply low-cost cleanings, for lower-income people, is told to stop by the Dental board after local dentists complained. If Government hadn’t usurped the power to regulate in this area, the price of dental care would obviously go down. The dental cartel doesn’t like the free market. It wants to use Government to prop up its monopoly prices.

Hookers And Blow: How Changing The Definition Of GDP Officially Jumped The Shark, at zerohedge.com. Prostitution and illegal drug sales are going to be figured in to the GDP number this year by the Italian Government. All Governments are good at changing the way statistics are calculated in order to make the Government look good. The US has changed the way they calculate inflation, unemployment, and the GDP. It reminds me of what has been said about voting in Chicago, “It doesn’t matter who votes, it only matters who counts the votes.”

SWAT Team Ambushes Innocent Man Working On Tractor In Driveway, at policestate.com. I saw this at libertypenblog.blogspot.com. Another example of Government officials abusing power, this time at the local level. Where are the Andy Griffiths of the world.

Third World Construction Techniques Without Machines, by Mark J. Perry, at aei-ideas.org. These are videos of construction workers doing some pretty amazing things. I love how people figure out how to get things done. OSHAA wouldn’t approve of these methods, and I bet these construction workers wouldn’t approve of  OSHAA .

The Concussion Summit, at usatoday.com, and Congress Should Worry About The VA, Not The Redskins, at fredericknewspost.com. The President and the Senate don’t have the constitutional power to make rules in these particular areas. Decisions concerning the risk of concussions, and the name of a Pro Football team are supposed to be made by the people who are directly affected. Political do gooders are always willing to pontificate on subjects without being asked to do so.

Go Pro: Epic Zipline BASE. People do some amazing and scary things. This guys margin for error is very small.

One World Trade Lowers Asking Rents By 10%; “The Market’s Not There“, at zerohedge.com. The World Trade Center is 55% leased and the owner is lowering rent. So much for a good economy.

Hospital/Medicare Games, at economicnoise.com, and Hospitalized But ‘Under Observation’? Seniors Beware, by Mark Miller at reuters.com. The same tactic used by the VA,  putting patients on a waiting lists in order to get on the real waiting list, is being used in another Government run health care system namely medicare. Nobody should be surprised by this because this is what happens when the Government tries to use legislative decrees to wish away the first rule of economics, scarcity. Health care is an economic good and Government can’t change that fact, as we have found out with Medicare and the VA, and as we all will find out in Obamacare. Read Incentives Matter.

Worst First Pitches. You Decide. 50 Cent, Cincinnati Mayor Mallory, Carly Rae Jepsen, President Obama,

The World’s Most Polluted Countries, at zerohedge.com. Why is it that the countries that are the highers polluters are centrally planned. The US produces more goods than any other country and it comes in at number 17 on the pollution countdown. Only countries that produce wealth can afford to clean up after themselves.

The Last Communist City, by Michael J. Totten, at city-journal.org. I saw this at mungowitzend.blogspot.com. This is our heavy lifting for the week. Here is an excerpt from the article, “I’ve always wanted to visit Cuba—not because I’m nostalgic for a botched utopian fantasy but because I wanted to experience Communism firsthand.” Mr. Totten gives us a tour of a communist utopia, and it isn’t a pretty sight. Here is another excerpt, “In 1958, Cuba had a higher per-capita income than much of Europe. “More Americans lived in Cuba prior to Castro than Cubans lived in the United States…” Cuba was one of the world’s richest countries before Castro destroyed it…” Just another example of how central planning, whether communist, socialist, fascist, or crony capitalist is the road to serfdom.

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Must Reads For The Week 5/24/14

May 24, 2014
The pen is mightier than the sword...

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

Net Worth Of College Grads With Student Debt Is 20% Less Than High School Grads With No Debt, at zerohedge.com. We’ve been told that a college education is an investment in the student’s future. In reality a college education is simply a redistribution of a graduates present and future labor to the federal government who gave them the loan, and the college who received the loaned money. It’s similar to what happened in the housing bubble. But in this case, the university gets the immediate payment, and the Government gets a steady payment of interest, and principle which was probably electronically printed counterfeit money. Read, Young People Get Hooked Into Huge Debt When They Take The Student Loan Bait, and also, Follow Up To Student Debt Post.

Obama Administration Using Scare Tactics To Discourage Government Whistleblowers, at economicpolicyjournal.com. The most “transparent administration” doesn’t want the whistleblower to show what is behind the curtain. Politicians and bureaucrats want to be able to see everything we do, and hide everything they do, unless of course it can be used for political gain.

Mark Cuban: “I’m Bigoted In A Lot Of Different Ways, at economicpolicyjournal.com. You discriminate against everyone else when you choose certain people to be your friends. You discriminate when you choose which person to marry, which plumber to use, which players to keep on your basketball team, which restaurant gets your money. All of us discriminate daily.

Michelle’s: “Eat What I Tell You” Program Is Crashing, at economidpolicyjournal.com. Excerpt from the article, “Local nutrition directors are demanding more flexibility and freedom. Look no further than school districts in Los Angeles and Chicago.” If local directors want more freedom to make decisions, that must mean that The Health Hunger Free Kids Act took away these freedoms when it was passed. Every Government rule takes away individual freedom. In this case it’s the freedom to choose what you want to eat, and the freedom to provide what people want to consume.

Jaguar Attacks Crocodile, this video is unbelievable.

Super Cell Time Lapse 5/18/14  Wright to New Castle, WY. at Basehunters Chasing. Truly amazing video of a super cell forming and dissipating.

The Next Obamacare Scandal: A Taxpayer – Funded Bailout Of Insurers, at zerohedge.com. Now we know why insurance companies were for Obamacare. They were going to be the next, “too big to fail industry”, that would be bailed out by the tax payer. So let me get this straight, our insurance premiums go up, and we also have to pay for the insurance company’s potential bailout. The Affordable Care Act isn’t really affordable for us.

Housing More Unsound Now Than During The Last Bubble, at zerohedge.com. The Fed has been buying mortgage backed securities for some time now. They are taking bad paper off the market and hiding on their balance sheet. This has cleared the way for another round of bad mortgages to be created. The Fed is a one trick pony and that trick is electronically printing counterfeit money. Read Housing Recovery, Or Just Another Bubble.

Why Central Bank Stimulus Cannot Stimulate An Economic Recovery, by Patrick Barron, at patrickbarronblogspot.com. This is a really good article and will be our heavy lifting for the week. Here are excerpts  from the article, “…Keynes tried to prove that production followed demand and not the other way around……. Keynesian aggregate demand theory is nothing more than a justification for counterfeiting. It is a theory of capital consumption and ignores the irrefutable fact that production is required prior to consumption….The consequence of this violation of Say’s Law is capital malinvestment, the opposite of the central bank’s goal of economic stimulus. Central bank economists make the crucial error of confusing GDP spending frenzy with sustainable economic activity. They are measuring capital consumption, not production.” 

I saw these two pictures at libertariangirl facebook.

Photo

 

Hal Redden's photo.

 

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Must Reads For The Week 5/17/14

May 17, 2014
The pen is mightier than the sword...

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

People Go Bananas Over Monkey Parking, by Alexia Tsotsis, at techcrunch.com. Another example of technology economizing on information. Since drivers are willing to pay for the information about open parking spots, the cost of the service must be less than the cost in gas and time spent driving around looking for an open parking space. I think Government regulators would be on board with this idea, because less CO2 would be spewed into the air as cars wouldn’t be driving around as long looking for parking spots.

ObamaCare Contractors Paid To Sit At Computers And Hit Refresh, at nypost.com. When Government tries to centrally plan economic activities, wasting scarce resources is always the result. In this case, labor is the scarce resource that is being paid to perform an unproductive activity.

Quotation Of The Day On The Keystone XL Pipeline, by Mark J. Perry, at aei-ideas.org. ” Stopping keystone insures more railroad tank-car spills.”  Another example of Government regulations not just leading to less safe conditions, but adding to the cost of production. There is no way to insure 100% safety. Safety is traded off against the cost of an acceptable degree of risk. When The Obama administration shut down the Keystone pipeline they incentivized a less safe, higher cost oil delivery system. And guess who pays the cost in dollars and safety?

Rebellion In The USA – Protesters Attempt To Arrest Albuquerque Police Chief, by Mark Krieger of Liberty Blitzkrieg blog, at zerohedge.com. The break down of the rule of law happens when our rulers abuse their power. In this case the Albuquerque police department is out of control and the justice department has started an investigation. We have to use every peaceful method available  before we resort to the tactics that were used in this meeting. This affords the city council the opportunity to dismiss these protesters as extreme and the video evidence will back them up. The father that I showed last week getting arrested at the school board meeting for going past the two-minute speaking rule gained more support for his position because the school board looked extreme for having him arrested. The cost of using force to bring about change will be very high. We haven’t exhausted all of the lower cost avenues available to bring about change.

Football Player Sent To Re-Education Camp For Dissenting View, by Shane Kastler, at economicpolicyjournal.com. The PC police paint themselves into a corner when they anoint too many groups for protection. In this case they had to choose between a black NFL player expressing an opinion about a black homosexual draft choice. The order in which they value these two particular groups was revealed in their choice. On what rung of the PC ladder does a white homosexual fall?

Socialism Does Not Work /Danial Hannan / Oxford Union, youtube video. Danial Hannan does a great job explaining why socialism doesn’t produce the results the planners planned. Socialism uses force to make individuals comply with planners plans {Obamacare}. Socialists don’t like the spontaneous order, {Read my article Spontaneous Order = Free Market} that results when individuals are free to make decisions on what they produce, consume, and exchange. The only reason central planners think that socialism hasn’t worked is because it hasn’t been tried by the right people, namely them. Read my article, Why Socialism Won’t Work: Human Nature.

McDonald’s Kiosks In Action, at economicpolicyjournal.com. McDonalds is using cashier kiosks in its European restaurants. If our local, state and federal Government succeeds in raising the minimum wage above the value it produces,  Mcdonalds won’t be the only business that will have no choice than to replace these workers with kiosks.

News Reporting Is No Longer The Exclusive Domain Of Establishment Propagandists, at economicpolicyjournal.com. This is the creative destruction of  the free market at work. Everybody with a smart phone is a potential reporter. All of us are capable of being “on the scene” first, getting the scoop on the limited number of “real” journalists {propagandists}. The six o’clock news and the morning newspaper are reporting old news. News travels almost instantly via social media.

 

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Must Reads For The Week 5/10/14

May 10, 2014
The pen is mightier than the sword...

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

Parent Speaks Out At School Board Meeting, Gets Arrested For Disorderly Conduct For Violating The Two Minute Rule, by Oliver Darcy, at theblaze.com. If the school board thinks this is disorderly conduct, then many students should be arrested for how they act in school everyday. People with power will wield it when they don’t want their authority questioned. Citizens are starting to draw lines on what they will tolerate from arrogant people with power. People with power are changing  form servants of the people, to masters over the people. It’s easy to act this way when you have police in uniform with guns as the muscle behind your decrees. This escalation won’t end well.

Milwaukee Sheriff Hits Car Injures Driver, Then Charges Her For DUI, at loiter.com. Our founders warned us not to trust people in power. This is an attempt to blame the victim and cover up the truth by those who serve and protect. If the sheriffs office is willing to cover up this incident to save one officer; How much farther are political hacks and bureaucrats willing to go to cover up Benghazi, and IRS abuses to shield the President from blame.

Wind Power Costs Send Germans Back To The Stone Age, at stopthesethings.com. Germany went all in on wind power. Just as predicted the costs of energy has gone up 80%. Germans who are unable to pay the higher price, have been disconnected from the grid. Their only alternative is to use wood to heat their homes and cook their meals. Were going down this same road. Tell me again how green energy is going to lead us into the future.

The Ethanol Disaster, by Peter Suderman, at reason.com. Here is an excerpt from the article. “America’s ethanol requirement destroys the environment, damages car engines, increases gas prices, and contributes to the starvation of the global poor. It’s an unmitigated disaster on nearly every level.” I could never understand how turning food into a fuel that is not only more expensive to produce than gasoline, but gets less MPG than gasoline, was a good idea. I saw this at libertypenblog.blogspot.com.

Americas Pot Farmers Are Putting Mexican Cartels Out Of Business, by David Downs, at eastbayexpress.com. In an unhampered market Americans can still out produce just about everybody.

Milton Friedman Video: No Possible Employer, at libertypenblog.blogspot.com. This is from 1978 but it is like a broken record. Minimum wage laws hurt the very people the politicians say they are trying to help. When will we learn that the minimum wage law discussion is designed for one reason only and that is to garner votes for the politicians who support it.

Man’s Las Vegas Casino Winnings Confiscated By Police Without Any Criminal Charges, at policestate.usa.com. This is only supposed to happen in third world countries. I saw this at libertypenblog.blogspot.com.

Customer Service Actually Improves When There’s Competition Challenging The Taxi Cartels, by Mark J. Perry, at aei-ideas.org. Taxi cartels would rather spend time lobbying  Government to prohibit competition, than spending time trying to provide a better service than their upstart competitors.

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Must Reads For The Week 5/3/14

May 3, 2014

 

The pen is mightier than the sword...

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

What $1.4 Trillion In QE Buys The US Economy, at zerohedge.com.  GDP is a measure of dollars spent on consumption. Consumption is the destruction of what has been produced. If the Fed electronically prints counterfeit dollars, it is really printing a portion of the GDP number. This counterfeit money misallocates scarce resources into areas of production that can’t be sustained when the counterfeiting is decreased of stopped. The Feds electronically printed counterfeit money can only prop up the GDP number for so long before economic reality eventually catches up. The laws of economics are always at work trying to correct what results from the counterfeiting of money. Free money isn’t free. It comes with consequences that are born by people {you and me} down the line from the people {banks, wall street brokerage firms, and our Government} who receive it first.

Texas Oil Output Hits 34 Year High, by Mark J. Perry, at aei-ideas.org. Where would the GDP number be with out the shale oil revolution on private land.

Seattle Announces $15 Minimum Wage Highest In Nation, by Alan Pyke, at thinkprogress.org, I saw this at aei-ideas.org. Here is an excerpt from the article, “There are 102,000 workers in Seattle currently earning less than $15 an hour. Raising those people’s wages will put about half a billion extra dollars of spending money into Seattle workers’ pockets. As SEIU 775 president and coalition co-chair David Rolf said in a statement Thursday, the deal “will pump nearly $500 million into Washington’s economy, proving that a higher minimum wage fuels business and job growth.” Can you see the flaw in their impeccable logic? The money that is used to pay the extra wage is coming from somewhere. It’s either coming from the consumer through higher prices, or the production process through automation which means fewer workers. You’re not creating $500 million of new goods or services, you are just changing who spends the $500. This is like taking water from the deep end of the pool and dumping it into the shallow end of the pool. No new water is being produced, you are just redistributing the same amount of water.

Will Dunbar Rise Again, by Thomas Sowell, at jewishworldreview.com. Anything Thomas Sowell writes is outstanding. Next to economics his writings on education and race are truly in his wheel house.

One Million People Dropped Out Of Labor Force In April: Labor Participation Rate Plummets To Lowest Since 1978, at zerohedge.com. The labor participation rate is the important stat to look at in determining if our economy is producing wealth or consuming wealth. The principle is simple to understand. When fewer people work, less is being produced, and when greater numbers of  people work more is being produced. All this government intervention has not helped the economy at all, in fact it has made it worse than if we had let the market work its cleansing magic on previous government interventions.

The USPS Used Its Coercive Monopoly Power To Squash The Digital Mail Start Up Outbox, by Mark J. Perry, at aei-ideas. This is like the cab companies trying to get cities to regulate Uber and Lyft.

The Great Lakes Are Still Almost Half Frozen, And It Could Affect The Environment For Years, by Joseph Erbantraut, at huffingtonpost.com. In the middle of “global warming'” the planet decides to show us how arrogant we are. The planet does what it wants when it wants.

John Kerry Blasts “Propaganda Bull Horn” RT, at economicpolicyjournal.com. I guess it’s only cool when our Government has a propaganda bull horn, aka, the mainstream media.

Stressing The Grid: From Interventionism To Blackouts, by Steve Gorham, at masterresource.org. EPA regulations are going to cause coal fired power plants to close. Where will the electricity come from to replace this lost capacity? Not from wind and solar. Expect higher prices and potential rolling blackouts.

 

 

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Must Reads For The Week 4/26/14

April 26, 2014

 

The pen is mightier than the sword...

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

Markets In Everything: A 3D Printed Hand For Less Than $50, by Mark J. Perry, at aei-ideas.org. This replaces a prosthetic arm that cost $42,000. If politicians really wanted health care to become “affordable”, they would have never passed the Affordable Care Act, aka Obamacare. Instead they would have repealed all laws regulating health care and health insurance. This would have allowed the market to simultaneously bring prices down while increasing the quality of healthcare. Obamacare will provide a longer wait for lower quality care at a higher price.

18 Spectacularly Wrong Apocalyptic Predictions Made Around The Time Of The First Earth Day In 1970, Expect More This Year, by Mark J. Perry, at aei-ideas.org. Using climate science to predict the future of the earth, is just like using a persons palm to predict his future. Both are confidence games.

Video: Matt Rosendale Is A True Patriot, at libertypenblog.blobspot.com. Great political ad.

Courts Uphold Drivers’ Right To Tip Off Other Motorists To Police Speed Traps, at augusta.com. Cops say the purpose of speed traps is  traffic safety, not revenue enhancement. So shouldn’t they be happy that drivers are slowing down when they are flashed by on coming drivers.

Obama’s Green-Energy Boondoggles Leave The Tax Payer In Red, by Justin Sykes, at washingtontimes.com. Quoting 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.”

Elderly Man Beaten By Police, by Lauren Pozen, at kspr.com. This man is being charged with assaulting a police officer, what did he do head butt the cop. This is another example of why you should take care of problems yourself instead of calling police.

BASE Jump From Worlds Tallest Building, by Skydive Dubai. No words necessary, just watch the video.

The Logical Progression Of “Public Accomodation”, by Jim Fedako, at mises.org. Excerpt from the article, “… those who cheer the growth of government when it abuses someone else need to realize that what goes around, comes around…Ludwig von Mises noted that either negative rights to person and property are enforced or we are on the slope to slavery: there is no middle way. Think you can pick a stopping point mid-slide? Good luck. The guy riding the slide in front of you is waxing away.”

 

 

147345 600 New relevant SAT cartoons

 

 

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Must Reads For The Week 4/19/14

April 19, 2014
The pen is mightier than the sword...

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

Shortest US Graduation Speech Ever? Nobel Economist Thomas Sargent”s List of 12 valuable Economic Lessons, by Mark J. Perry, at aei-ideas.org. All graduates should know these.

Kshama Sawant On Why It’s Time For Socialism In Seattle, by Rachel Soloman, at kuow.org. At least Dshama Sawant admits she’s a socialist unlike most Democratic politicians and a lot of Republican politicians. She ran for office on raising the minimum wage to $15 an hour, taxing the wealthy, and rent control. These policies lead to fewer low wage workers being hired, less wealth producing activities, and an artificial shortage of rental units. Socialism doesn’t trump supply and demand. I bet you can’t get through 4 minutes of this nonsensical drivel.

Why Some Doctors Are Bypassing And Going Cash-Only, by Susan Abram, at dailynews.com. Quote from the article, “I’ve encouraged those who want to do it,” she said. “I’ve offered to help them. Most of them feel trapped by the system. It’s really quite sad. They are not happy doctors. I encourage them to get the government out of the room…..“I had to do this to be able to do my job,” said Dr. Marcy Zwelling who has been an internist since 1987. “I get to practice the way I think I can practice best. It’s capitalism at its best.” I saw this at aei-ideas.org.

Time Lapse of the Lunar Eclipse, Blood Moon, April 15, 2014

The Educational Wit And Wisdom Of George Carlin On “Saving The Planet”, by Mark J. Perry, at aei-ideas.org. This is really good.

Social Security Stops Trying To Collect On Old Tax Payer Debts, at economicpolicyjournal.com. We can push back against government overreach.

Jesus Lived In A Police State, by John W. Whitehead, at rutherford.org. Excerpt from the article, “Unfortunately, the radical Jesus, the political dissident who took aim at injustice and oppression and was nailed to a cross as a warning to others, has been largely forgotten today, replaced by a congenial, smiling Jesus trotted out for religious holidays but otherwise rendered mute when it comes to matters of war, power and politics.”

 

 

 

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Must Reads For The Week 4/12/14

April 11, 2014
The pen is mightier than the sword...

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

Equal Occupational Fatality Day Will Occur On December 20 2023, by Mark J. Perry, at aei-ideas.org. When it comes to work related deaths, a huge gender gap exists that needs to be addressed. Women earn only 7.7% of the fatalities on the job, compared to the 92.3% of the fatalities that men collect. Why aren’t women’s rights groups and opportunistic politicians screaming for equality in this area?

The Value Of A Taxi Medallion In NYC Has Increased 5X Faster Than The S&P 500, by Mark J. Perry, at aei-ideas.org. It’s simple supply and demand. When supply is restricted it makes a scarce resource artificially more scarce. The price has to go up in order to ration the scarce resource. Quote from the article, “In fact, there are fewer NYC taxi medallions today (13,605) than there were in 1937 (16,900) when the medallion system first created the NYC taxi cartel.” Ultimately the free market rides to the rescue of the consumer. Read this quote, “… the app-driven ridesharing genie is out of the bottle” and too many consumers in too many cities have “gotten a taste” of the convenience and affordability of ridesharing services like Uber and Lyft, and they’ll never want to go back to the traditional taxi cartel model….”

Former Obama Girl Finds The Light, by Chris Rossini, at economicpolicyjournal.com. I’ve found that many young people are starting to naturally move toward the libertarian ideology. This is good news because young people have more energy, are more tech savvy, and aren’t as risk averse compared to us older people. They will lead the way toward individual freedom and away from big government. Our job is to mentor them, not tell them what to do.

Is Paul Krugman The New Economic Adviser In Rahmaland? at economicpolicyjournal.com. Funny video about the economic benefits of not fixing potholes. It is a version of the broken window fallacy.

Consumer Spending “Recovery” Stalls As Pent Up Demand Fails To Appear, at  zerohedge.com. When will we learn that in an unhampered free market, spending {consumption} doesn’t create wealth, stimulate production, or make an economy grow. Spending {consumption} can only happen as a result of production. You can’t consume something that hasn’t been produced. In a hampered market counterfeiting money can bring about consumption before production. But ultimately counterfeiting destroys wealth, misallocates scarce resources into areas of production that can’t be sustained, and slows or shrinks economic growth.

The Game Is Up For Climate Change Believers, by Charles Moore, at telegraph.co.uk. People are starting to see through the man-made global warming hoax.

I saw these cartoons at theburningplatform.com.

146504 600 How To Deter Putin cartoons

146712 600 Saving for Retirement cartoons

 

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Must Reads For The Week 4/5/14

April 5, 2014
The pen is mightier than the sword...

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

Did You Hear The One About The Doctor Who Posts His Prices Online?, by Steven Lang, at benefitspro.com. Obamacare is creating a true free market in healthcare, that will exist as a black market if the Government tries to stop it from forming. I think we will end up with a Government run system consisting of medicade, medicare, and Obamacare, on the one hand, and a free market system on the other.  Obamacare will be used as the vehicle to increase taxes, {or fines in the words of Justice Roberts}, on productive people in order to fund the Government run system, or put another way, redistribute wealth in order to buy votes. I saw this article at aei-ideas.org.

Wisconsin Budget Surplus Nears $1 Billion, by Scott Bauer, at businessweek.com. Republicans want to give the money back to the tax payers, who produced it, and Democrats want to spend it as if they produced it. I saw this article at aei-ideas.org.

EPA Conducted Pollution Experiments On Children, by Kerry Picket, at breitbart.com. You shouldn’t trust people with power.

Navy SEALs Skydive Into Stadium, by Elizabeth Kreft, at the blaze.com. Video from the helmet camera.

IRS Contempt For Subpoena, Fox News Video, at libertypenblog.blogspot.com. The break down of the rule of law happens when the law doesn’t apply to people in power.

California Measure SCA 5: “Forget Merit Let’s Bring Back Quotas“, at tammybruce.com. In a free market system individuals are rewarded based on the value they produce, whether that value comes from talent, skill, or hard work. This is how it should be as this article, Should The NBA, WNBA, And NFL Get A Grade Of A+ For The Racial Diversity Of Their Players vs. The U.S. Population, by Mark J. Perry, at aei-ideas.org, shows. Our constitution sees each person as an individual, not as a member of a group. Politicians see each person as a member of a group, not as an individual.

State Senator To Second Amendment Supporter; “Go F*** Yourself”, by Michael Lofti, at benswann.com. Where I’m from, saying “go F*** yourself” to somebody isn’t a free good. If you don’t respond in kind, your the wimp. Politicians like Senator Miller think there are no consequences for their actions.

 

I saw this at economicpolicyjournal.com.

I saw this at imao.us.

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Must Reads For The Week 3/29/14

March 29, 2014
The pen is mightier than the sword...

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

Seattle Socialist Council Woman Sawant Challenged On Proposed %15 minimum Wage Law, by Essex Porter, at kirotv.com. It’s hard enough keeping a regular politician from enacting socialist legislation, how much harder is it when you vote in an avowed socialist. I saw this at economicpolicyjournal.com.

Veterans Affairs Wind Turbine, Built For $2.3 Billion, Stands Dormant, by Tom Steward, at foxnews.com. Government politicians and bureaucrats will always pick economic losers because they don’t have to suffer the cost of making a bad choice like an entrepreneur would have to in the free market. It’s easier to risk tax payer money than your own. I saw this at aei-ideas.org.

How One Hospital Deals With Identity Theft, at economicpolicyjournal.com. You can’t make something like this up.

See What A Parent Wrote On Their Childs Common Core Math Assignment, by Oliver Darcy, at theblaze.com. When you see the complicated way a student used to solve a simple math problem, you have to ask if people in education realize that time is a scarce resource. The extra time spent solving this problem could be used in a more productive way; like learning basic math.

NY Times Reporter Says The Obama Admin. Is The Greatest Enemy Of Press Freedom In A Generation, by Oliver Darcy, at theblaze.com. The press has not been hammering the administration about its abuses of our individual rights. Hopefully they are starting to see how their right to a free press is being infringed. Don’t they understand that tyrannical Governments don’t want a free press, they want the press to be their propaganda arm.

Google Backed Lending Club Brings Peer-To-Peer Lending To Business Loans, by Lena Rao, at techcrunch.com. Since the Government is trying to torpedo virtual currencies like Bitcoin, I doubt that they can be happy with this trend in lending. The Federal Reserve has a monopoly on electronically printing counterfeit money, and member banks loaning out this counterfeit money is one of the ways the Fed injects it into the economy. The Government will fight peer-to-peer lending and virtual currencies because they are a threat to the Federal Reserves monopoly on money printing, which is how the Federal Government finances its debt. I saw this article at aei-ideas.org.

College Students Fail To Name A Single U.S. Senator, at economicpolicyjournal.com. This short video speaks for itself.

Boeing Has Its Own Government Bank: Is It Creating A Bubble In Boeing Jumbo Jets, at economicpolicyjournal.com. Here is an excerpt from the article, “The Export-Import Bank of the United States is a federal agency that subsidizes U.S. exports through loans and loan guarantees to foreign buyers of American-made goods. U.S. taxpayers bear the ultimate risk if these loans go bad.” Boeing is making out like a bandit on these deals. Crony Capitalism at its best, or worst.

Police Say Ride Share App “Lyft” Violates City Ordinance, by Robert Price, at foxanantonio.com. The battle is always between  established businesses who want their monopoly status protected, and new businesses who create a new market for their service. Creative destruction is the rule in a free market, and protecting the status quo is the rule in a crony capitalist system. Politicians and bureaucrats don’t want the decisions of millions of individuals in the market to interfere with who they think should succeed or fail.

 

 

I saw these cartoons at theburningplatform.com.

 

146090 600 Obamacare cartoons

 

146013 600 March Madness cartoons

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