Must Reads For The Week 5/5/18

Posted May 6, 2018 by austrianaddict
Categories: Must Reads For The Week

Tags: , , , , , , , , , , , , , ,

 

No Teachers Are Not Underpaid, at city-journal.org. Teachers salaries are paid by tax payers. Teachers pensions are paid by tax payers. Teachers benefits are paid by tax payers. Even the taxes teachers pay are paid by tax payers. Teachers work about 185 days a year. So I think they are “greedy” when they walk out for more money, like they did recently in Oklahoma, Kentucky and Arizona. Quit whining and do your job.

New Test Results Reveal A “Lost Decade” For Academic Progress In Public Schools, at zerohedge.com. If this is the kind of product these teachers produce, you could say they are over paid. Do your job.

Predictions: No College Graduation Speaker will Mention The 29% Gender College Degree Gap For The Class Of 2018, by Mark J. Perry, at carpediemblog. Women receive 58.5% of all college degrees compared to 41.5% for men. Do we need a men’s version of title IX.

Public University Admits Its Faculty Awards That Block Men And Whites Are Illegal, by Greg Piper, at thecollegefix.com. I’m not surprised that they were discriminating against men and whites. I’m surprised they admitted it.

If Solar And Wind Are So Cheap, Why Are They Making electricity So Expensive? by Michael Shellenberger, at forbes.com. Government mandates and subsidies are the only reason more expensive wind and solar energy is produced. It wouldn’t happen under normal market conditions.

Crisis In Cali: Workers Face “Buckets Of Feces and Needles” As Homelessness Worsens, at zerohedge.com. It is hard to believe this kind of homelessness could happen in the ‘socialist paradise’ of San Francisco. I think the only solution is a tax increase on the productive.

AFL-CIO Demands We Never Use The Self-Serve Checkout, by Andrew Moran, at mises.org. I wonder if the AFL-CIO ever considered that raising the minimum wage above what the market will bear has anything to do with workers losing their jobs to automation.

The Appropriateness Of Marxism In The New York Times, by Robert Wenzel, at economicpolicyjournal.com.Excerpt from the article”….it is quite appropriate that an ode to Marx is featured in the Gray Lady, which provides the marching orders for the pseudo-intellectuals who are driven more by hate than by logic. The capability for deep thought and analysis required to understand how the world really works and the beauty of freedom is missing from these people. They are about the crossed mental wires of rage, contradiction and general illogic—sounds Marxian to me.”

NSA Spied On 534 Million US Calls In 2017, Up Sharply From 2016, at zerohedge.com. This is another example of government running amok. Who will stand up to this government agency? No one. Because establishment politicians and bureaucrats (aka the deep state) want the expansion of government power.

Trump Put A Tariff On Chinese Steel: Now North Carolina Pig Farmers Could Feel Pain, at economicpolicyjournal.com. Here is an example of the indirect consequences of tariffs.

Treasury Increases Auction Sizes To Fund Soaring Deficit, Launches 2-Month Bill, at zerohedge.com. The US had to borrow $488 billion to fund last quarters debt. Is that kind of debt sustainable? Cutting the Federal Budget, especially entitlements, is the only way out of this mess.

The Latest Panic Over “Assault Weapons”, by Jose Nino, at mises.org. Excerpt from the article: “…. “assault weapon” is a politically invented term gun control advocates …..have used over the past few decades to instill fear among the general populace. The media enjoy creating lurid images of criminals toting “military-grade” weapons after every shooting, but any serious analysis of these incidents will quickly pick apart this myth. Cosmetics notwithstanding, firearms like the AR-15 function no differently from regular handguns. To add even more confusion, media talking heads use the terms “assault rifle” and “assault weapon” interchangeably. Assault rifle actually refers to a military firearm that possesses semi-automatic and automatic settings. AR-15s can’t be classified as assault rifles due to only featuring a semi-automatic setting.”

Cuomo Directs Dep. of Financial Services to Urge Companies To Weigh Reputational Risk of Business Ties To The NRA and Similar Organizations, governor.ny.gov. Government force and resources are behind whatever Governor Cuomo Decrees. This should be considered a threat.

Judge Mulls Dismissal Of Manafort charges, “Sharply Questioned” Mueller Overreach, at zerohedge.com. Mueller can’t find any evidence related to Trump colluding with Russia. So he prosecutes Manafort on charges that have nothing to do with Russian collusion. Why? Not only to gain leverage on Manafort to lie about Trump. But he needs some scalps to justify the investigation.

 

the

Advertisements

Must Reads For The Week 4/28/18

Posted April 28, 2018 by austrianaddict
Categories: Must Reads For The Week

Tags: , , , , , , , , , , , , , , , , , , , ,

Democrats Love Unions. Just Not For Their Own Campaign Workers, at nbcnews.com. When the consequences of what you support affects someone else it doesn’t bother you. But when the consequences affect you…?

The University Of Utah Has A Special Closet For Students To Cry In, by Rob Shimshock, at dailycaller.com. At first I didn’t believe this. I thought it was an article from the ‘Onion’. Are we enabling a generation of young people who won’t be able to function in the real world?

18 Spectacularly Wrong Predictions Made Around the Time Of First Earth Day In 1970, by Mark J. Perry, at carpediemblog. Earth Day was last Sunday. How did you celebrate? I held my breath for one minute every hour to lower my CO2 foot print. Here is an excerpt from the article: “By the year 2000…we will be using up crude oil at such a rate that there won’t be any more crude oil”. How about this one: “The world has been chilling sharply for about twenty years. If present trends continue, the world will be about four degrees colder for the global mean temperature in 1990, but eleven degrees colder in the year 2000. This is about twice what it would take to put us into an ice age.”  The environmental movement has been taken over by Socialist central planners. These socialists want to use this issue to gain government power, so they can gain more control over ‘we the people”.

Minnesota Blows Billions Of Dollars On Wind Energy, by Mark J. Perry, at carpediemblog. Minnesota politicians thought they could reduce energy costs and reduce CO2 emissions by spending billions putting up wind turbines. It hasn’t quite worked out like the central planners planned.

Fear Global Warming? Markets Offer Our Best Chance For Survival, by Ryan McMaken, at mises.org. Third world countries and socialist countries are literally toilets because they can’t produce enough wealth to clean up their messes. Only wealthy countries have the ability to clean up after themselves. Environmental policies that decrease the production of wealth harm the very environment these policies were designed to help. Here is an excerpt from the article: “…contrary to the global-warming radicals, it is not necessary to smash capitalism, adopt primitivist lifestyles, or revolutionize human society in the image of the central planner. In truth, people already want all the things that would make life both tolerable and enjoyable in a post-warming world. The necessary incentives are already in place. People already want technologies that will increase energy efficiency, cleaner air, and beaches without oil slicks. What many environmentalists refuse to admit, however, is that markets are the driving force behind the technologies that will deliver these solutions.”

The Democrats’ Universal Job Plan Would Be A Socialist Disaster, by David Harsanyi, at thefederalist.com. Bernie Sanders wants to “guarantee every American who wants or needs one a lifetime government job paying at least $15 and hour, with health insurance and other perks. This new progressive workforce will then build glorious projects throughout the United States that are aimed at addressing priorities such as infrastructure, care giving, the environment, education and other goals.” As with all socialist ideas, it sounds good but it can’t work as planned. Why? Because the laws of economics can’t be wished away. We live in a world of scarce resources and unlimited desires. This means these scarce resources have to be rationed. Scarce resources will either be rationed by Government bureaucrats, or by prices in a free market. More knowledge can be brought to bear in a free market than by socialist central planners. Which means more desires will be met with less waste.

Finland Abandons Universal Basic Income Experiment After Two Years, at zerohedge.com. This is just a slightly different version of the Democrats ‘Universal Job Plan’. Who decides how the money is spent changes. But the fact that the money is either confiscated from the production of tax payers, borrowed by government or printed by a central bank doesn’t change. These three ways of funding are not economical from the stand point of getting the most value with the least amount of waste.

More Government Spending = Weaker Economic Performance, by Dan Mitchell, at danieljmitchell.wordpress.com. Money gives the holder the ability to go into the market and demand scarce resources. When an individual buys something, he is exchanging what he has produced for what someone else has produced. Money just makes this exchange easier than it would have been if the individuals actually had to exchange what they produced in a barter system. When government spends money it is an exchange of something for nothing. Why? Because government doesn’t produce anything. It just takes or creates money. This is consumption without production. Consumption is the destruction of wealth. Production is the creation of wealth. So the question is; does government spending increase or decrease economic growth?

“The Jesuits Are Essentially Poorly Educated Marxists Revolutionary Wannabes Hiding Behind Priests’ Collars,” at economicpolicyjournal.com. Loyola University Maryland’s faculty frequently quotes Karl Marx. Which probably gives us a clue as to why Loyola won’t allow Ayn Rand’s Atlas Shrugged to be given out to their business school students.

COMING SOON: New Money-Hating Pope Film, at economicpolicyjournal.com. The Pope is a Jesuit. Ergo he is anti capitalist. In one of my posts titled: Pope: “Capitalism Lacks Morals And Promotes Selfish Behavior“, I explain why  growing up in Argentina has shaped the Popes thinking about economics. I’m going to quote myself when it comes to the Pope: “The Pope needs to stick to his ordained mission of mercy and reconciliation and stay away from economics until he reads Mises, Hayek and Rothbard. Until he does, he is speaking from a position of ignorance about economics.

The CDC Study That Anti-Gun Lobby Doesn’t Want You To Know About, by Stephanie Hamill, at dailycaller.com. There are 2.2 million defensive gun uses a year in the U.S. You would never know about it because the Center for Disease Control (a government agency) has been sitting on this information for years. Why? Maybe because it doesn’t fit the accepted narrative of establishment government insiders (aka deep state). In an unrelated story, The Backfire Continues: NRA Breaks Fundraising Records In Wake Of Gun Control Demands, at zerohedge.com. We have reached the point where ‘the right’ has compromised all the ground it is willing to give up to ‘the left’ (not just on the gun issue but on all issues). When neither side is willing to back up, why would we be surprised that there is such a high degree of political conflict. The left doesn’t know what to do now that the right is standing its ground.

UK Judge Denies Parents Request To Take Son To Italy For Medical Treatment, by Ed Morrissey, at hotair.com. This is what happens when healthcare decisions are made by bureaucrats in a government-run system, instead of by individuals in a free market system. This should surprise no one, because the Government owns you in a government-run healthcare system. Oh! I forgot. That can’t happen here!

8 Months In Jail UK Has Gone Full Orwell, at theburningplatform.com. This guy flips off government mobile safety cameras and gets 8 months in jail. This is what happens when you cede more and more of your freedom to bureaucratic Government. You must bend your knee to your bureaucratic masters. Oh! I forgot. This can’t happen here!

Parents Can’t Opt Out Of Sex Education Class, by Katie Jerkovich, at dailycaller.com. California’s Orange County Board of Education has decreed that parents don’t have a “constitutional right” to excuse their children from sex education class if they disagree with any “materials related to gender, gender identity, gender expression and sexual orientation”. Oh! I forgot. This can’t happen here!

Total Control: New Measures Toward Global Totalitarianism, at zerohedge.com. The incremental increase in the ability of Governments to survey their citizens is scary. This cartoon about Orwell’s 1984 says it all.

https://www.zerohedge.com/sites/default/files/inline-images/1984_0.jpg?itok=G4mgjcQF

 

CARTOONSfrom therightreason.net.

 

RDF5qR6.gif

 

 

P72chVk.jpg

 

s1XAkA6.jpg

 

tOFiNBj.jpg

 

ZVYLrCt.jpg

 

5RQpwJN.jpg

 

lAKP0jg.jpg

 

 

Confused_Banner_LIV_progs_600x324_EarthD

 

28w9k2.jpg

 

 

Must Reads For The Week 4/21/18

Posted April 22, 2018 by austrianaddict
Categories: Must Reads For The Week

Tags: , , , , , , , , , , , , , , , ,

GOVERNMENT CENTRAL PLANNING DESTROYS COMPLEX SYSTEMS

Why Systems Fail, by Charles Hugh Smith, at oftwominds.    Excerpt from the article: 1) “Systems are accretions of structures and modifications laid down over time. Each layer adds complexity which is viewed at the time as a solution.”

“This benefits insiders, as their job security arises from the need to manage the added complexity. The new layer may also benefit an outside constituency that quickly becomes dependent on the new layer for income.”

“In short order, insiders and outsiders alike habituate to the higher complexity…….. Few people can visualize alternatives, and any alternative that reduces the budget, payroll or power…..is rejected as “unworkable.”

“In this set of incentives, the “solution” is always: we need more money. But increasing the budget can’t fix what’s broken….. As a result, new layers rarely replaces previous layers; the system becomes more and more inefficient and costly as every new layer must find workarounds and kludgy fixes to function with the legacy layers.

2) “The organization is incapable of instituting deep reforms due to organizational sclerosis…… The structure itself has lost the feedback loops and accountability needed to radically restructure a failing organization.”

These dynamics can manifest in both private-sector corporations and public-sector agencies….All of this contrasts with self-organizing networks which lack the hierarchy necessary for sclerosis, self-serving insiders and fatally blinded management. Since “this is the way the system works,” we have a hard time imagining how public agencies and corporations might be obsoleted by self-organizing, opt-in transparent rules-based networks.”

“Since failing systems are incapable of structural reform, collapse is the only way forward. Unfortunately collapse doesn’t guarantee success; if the rot is deep enough, the wherewithal to assemble a new more sustainable system may be lacking.”

EXAMPLES

Kentucky Teachers Want A Taxpayer Bailout, by Troy Vincent, at mises.org. Teachers unions and Government bureaucracies are examples of what is talked about above. Teachers unions are incentivized to get as much money for its constituency group as possible. That constituency is not the students it is the teachers. Politicians and bureaucrats cave in to these demands because the future fiscal problems that will arise, because of their decision, will be the problems for future politicians. And even if they are still in office, no one will remember that the previous decisions were responsible for the current fiscal problem. In this case the  feedback loop for politicians comes from the voters. But if voters are not informed enough to know what caused the problem, they can’t exercise their power. Ultimately voters will bear the fiscal burden of the decisions made by teachers unions and politicians. But voters have only themselves to blame for the problem because they were economically ignorant voters in the first place.

The War Between Public Pensioners And Tax Donkeys Is Heating Up, by Charles Hugh Smith, at oftwominds.com. Many State public pension systems are underfunded. Raising taxes is the only solution because we know the teachers unions will never give up anything. And politicians will always cave to the unions. Unfortunately someone will have to give something up. And that means tax payers will have to give up more of what they have produced. At some point this will come to an end. Because if you continue to consume more than you produce, at some point there will be nothing left.

US Budget Deficit Hits $600 Billion In 6 Months, As Spending On Interest Explodes, at zerohedge.com. And this: US Deficit To Soar Over 40% In 2019, Exceed $1 Trillion By 2020, at zerohedge.com. This debt is unsustainable. There will come a point where this debt can’t be paid off. We may have already passed the point of no return. Politicians and bureaucrats will never shrink the size of their fiefdoms, so collapse may be the only solution.

Californians Flee The State In Droves Over Taxation And Housing Costs, at zerohedge.com. Politicians have caused this problem. The solution is going to be forced on States like California when enough people leave. Where will the revenue come from when enough people leave. The scale will be tipped in the wrong direction. You can’t confiscate money from people who don’t exist.

Illegal Immigrants Shielded From University of California Out-Of-State Tuition Hike, by Keil Huber, at thecollegefix.com. If they are lucky they will spend more so the collapse can happen sooner.

LA Is Painting Some Of Its Streets White And The Reasons Why Are Pretty Cool, at cbsnews.com. Do the environmental crazies think there is no cost to their policies. $40,000 a mile adds up quickly. I hope this happens so California has to face economic reality sooner rather than later. It will be less costly.

Revealed: Mueller’s FBI Repeatedly Abused Prosecutorial Discretion, by Mollie Hemingway, at thefederalist.com. The legal system is important if a country is to function properly. But the rule of law has been in the process of breaking down for decades. When the rules don’t apply equally, and prosecutors are above the law, you no longer have a legal system.

What Attorney-Client Privilege?, by Andrew Napolitano, at lewrockwell.com. You may think this is OK because it is happening to Trump. But what is going to stop  prosecutors from doing this to you. Or rights are being trampled on. This is another example of the erosion of our the legal system.

More Hilarious Facts About Tesla From A Hedge Fund Shorting The Stock, at zerohedge.com. Government has been subsidizing the purchase of electric cars. This allows the waste of scarce resources to continue long after this waste would have been stopped under normal market conditions. Losses are just as important as profits in transmitting information to producers. Producers need to know what, and how much, to produce. When Government tries to pick winners, they usually fail miserable. And once again taxpayers get caught without a chair when the music stops.

WHERE SOLUTIONS COME FROM

Solutions Only Arise Outside The Status Quo, by Charles Hugh Smith, at oftwominds.com. Excerpt from the article: “…Institutions are fundamentally incapable of responding effectively or reforming themselves. The universal solution of failing institutions and hierarchies is throw more money at the failings in the doomed hope that doing more of what’s failed will magically solve the systemic problems. We see this dynamic in all the major public-private structures or our economy/society: Higher education (solution: make students borrow even more trillions, or have the government borrow more trillions); Healthcare (government needs to borrow more trillions), and national defense/security (government needs to borrow more trillions).”

“As a result, solutions are only possible outside these ossified, self-serving centralized hierarchies.”

“When faced with fiscal crises, central states/banks inevitably succumb to the temptation to print/borrow currency in whatever sums are needed to fill the shortfall of the moment. This….seems to be magic at first…..but eventually gravity takes hold and the currency’s purchasing power declines, as the real economy the production of goods and services) grows at rates far below the expansion of currency. Even the greatest empires in human history have been unable to resist the “easy” solution of devaluing currency…….

“Existing systems optimized for bygone eras and maximizing the security and wealth of insiders are doomed to fail…… Solutions will only arise outside the control and boundaries of existing systems, as all structural solutions threaten to obsolete or replace existing structures, displacing all the incumbents and insiders who benefit from the continuing failure of the institutions they manage and control.

Institutions like markets, money and law were created by spontaneous order. Government central planning did not create them. Since people don’t understand that these came about spontaneously, they also don’t understand that Government central planning has created all the problems with these institutions. Allowing solutions to come from the spontaneous order created by individuals making decisions, is the only way these problems can be solved. Government central planning can’t solve the problems it created, because it has no incentive to do so. Taking decision making power away from centralized Government, and returning it to individuals, is the only way this ends well.

Must Reads For The Week 4/7/18

Posted April 9, 2018 by austrianaddict
Categories: Must Reads For The Week

Tags: , , , , , , , , , , , , , , , , , , , ,

Mr. Mark Robinson Addresses Greensboro City Council In Support Of The Second Amendment. No one could have made these points better.

Mr. Robinson Nails It. Read this quote from Atlas Shrugged by Ayn Rand: “Did you really think we want those laws observed?” said Dr. Ferris. “We want them to be broken. You’d better get it straight that it’s of a bunch of boy scouts you’re up against…..We’re after power ad we mean it….There’s no way to rule innocent men. The only power any government has is the power to crack down on criminals. Well, when there aren’t enough criminals one makes them. One declares so many things to be a crime that it becomes impossible for men to live without breaking laws. Who wants a nation of law-abiding Citizens? What’s there in that for anyone? But just pass the kind of laws that can neither be observed nor enforced or objectively interpreted – and you create a nation of law-breakers – and then you cash in on guilt. Now that’s the system, Mr. Reardon, that’s the game, and once you understand it, you’ll be much easier to deal with.”

Ayn Rand: “The smallest minority on earth is the individual. Those who deny individual rights cannot claim to be defenders of minorities.”

London Mayor Unveils  New Stop-And Frisk Police Policy To Enforce City-Wide Knife Ban, at zerohedge.com. I didn’t think this was real. This could have been from The Onion. This story makes the above quote from Atlas Shrugged ring true. London Mayor Sidiq Kahn said: “….These statistics (37,443 knife offenses) show …… a government that has been desperately weak on crime for the last eight years, as well as weak on the causes of crime.” So what is the ’cause of crime”? Knives! Here is more from Mayor Sidiq Kahn: “Let me be clear – there is no reason to carry a knife. To anyone who does – they will be caught, and they will feel the full force of the law.

Michelle Obama Says Barack ‘Was Like The Good Parent’, Calls Trump ‘The Other Parent’. by William Cummings, at usatoday.com. The fact that progressive leftists, like Michelle, think of the President and the government as a parent means they think we are their children. The problem with this paternal relationship narrative, constructed by the progressive left, is that close to 50% of the citizenry believe it. Nothing could be further from the truth. You are responsible for yourself. Our Government was not founded to be responsible for you. When Government does something for you, it means that politicians and bureaucrats must first take from what other citizens have produced. Why? Because Government doesn’t produce anything. Individuals in the market produce wealth. Government consumes wealth.

DHS Has Detected Possible Cell Phone Surveillance In D.C. and Doesn’t Know Who Is Doing It, at washingtonpost.com. These StingRay devices have been used against U.S. citizens for years by local and federal law enforcement. So the Government is getting a taste of its own surveillance medicine. Good! Doesn’t taste so good. Does it?

Scott Pruitt Is Trump’s Biggest Asset, So The Left Wants Him Gone, by Mollie Hemingway, at thefederalist.com. Rolling back onerous EPA regulations has made Scott Pruitt a hero in my book. Which is why he is a villan in the eyes of the progressive left.

Illegal Immigrants Shielded From University Of California Out-Of-State Tuition Hike, at thecollegefix.com. Illegal Immigrants in California don’t have to pay out-of-state tuition. But out-of-state U.S. citizens do. This makes perfect sense. Illegals living in California vote in California elections. U.S. citizens living outside of California don’t vote in California elections.

THE ECONOMY

Fed’s QE-Unwind Proceeds Despite Stock Market Sell-Offs, at zerohedge.com. First of all the Fed should never have purchased U.S. T Bills and/or Mortgage Backed Securities. The Fed interfered with what the market would have decided these assets were worth. This interference has kept interest rates below what they would have been on the free market. The liquidation would have been painful but swift. All the Fed has done is allow more pain to be felt incrementally over time.

Subprime Auto Implosion In Full Effect As Lenders Start Dropping Like Flies, at zerohedge.com. This is the automobile businesses version of the popping of the 08 Housing bubble. Loaning money to people who can’t pay it back is a recipe for disaster.

Mall Vacancies At Six-Year High As Local Economies Stumble On Retail Slump, at zerohedge.com. Commercial real estate was over built thanks to easy money from the Fed. Under market interest rates and sound money this commercial bubble would not have gotten off the ground. Building all these malls was a waste of scarce resources. This land (resources), labor and capital could have been used in more productive activities. Artificially low interest rates funneled resources into non productive activities. On a similar note, Retail Real Estate Bubble Turns Manhattan Into A “Shopping Wasteland“, at zerohedge.com, Please. No more government help or bail outs. Government intervention is what caused the bubble in the first place. Allow the liquidation to happen. It will hurt, but it will put the economy on solid ground from which to build.

US Congressman Pushes Bill To Reinstate Gold Standard, at zerohedge.com. Our dollars purchasing power would increase if it was pegged to a certain weight in gold. Prices rising is not inflation. Printing money is inflation. Increased prices is the symptom of the money printing problem.

the

Must Reads For The Week 3/31/18

Posted April 1, 2018 by austrianaddict
Categories: Must Reads For The Week

Tags: , , , , , , , , , , , , , , , , , , , ,

GUN CONTROL?

Armed Resource Officer Stops Maryland High School Gunman, at zerohedge.com. I have talked to people, who did not know that this happened. Here is an example of a good person with a gun taking out a bad person with a gun. The main stream media barely covered this. Why? It didn’t fit their narrative on the gun debate. These situations can be stopped when you have the resources in place at the moment the s#!+ hits the fan. If you wait for police or SWAT to arrive, it is too late.

Superintendent Says Students Are Armed With Rocks In Case Of A School Shooting, by Peggy Lee, at wnep.com. We know a picture of a gun inside a red circle with line through it doesn’t stop shootings. So having rocks to throw at a shooter is better than having nothing when you are operating under the constraint of a gun free zone. A gun free zone takes a gun out of the hands of a law-abiding persons. But it does nothing to constrain a person with bad intent. At least this school accepts the fact that some sort of weapon is needed to fight against a bad guy with a gun. But it is not wise to take a rock to a gun fight.

There Is No ‘Epidemic Of Mass School Shootings’ – Children Are More At Risk When They Ride In A Car, Swim In A Pool, Or Put Food In Their Mouths, by Mark J. Perry, at carpediemblog. You have a .2% or 1 in 491 chance of dying in a car accident, a .1% or 1 in 1,133 chance of drowning, a .03% or 1 in 3,461 chance of dying by choking on food, and a .01% or 1 in 11,125 chance of dying by mass shooting. Which has more press coverage by the main stream media? Perception is not reality. Perception is a tool used for political purposes.

Protesters Say Ban Assault Weapons ….Whatever They Are.

You can’t take anyone seriously who has no idea what they are talking about. Their opinions are tied to emotion and not facts and logic. People like this become useful idiots for politicians and tyrants.

Protesters Talk Gun Control At March For Our Lives.

Are these people ignorant or stupid? Being ruled by emotions makes you stupid.

Actors Cold Read Gun Facts Off Of A Teleprompter.

You can educate ignorance, but you can’t do anything about stupidity.

Police Seize First Firearms Under Florida’s New Gun-Control Laws, at theorlandosentinel.com. The question is who determines whether a person is a potential risk to himself or others? In the case of the Florida school shooter, there  were enough facts that the FBI said they made a mistake by not going after this kid. But what happens when tyrants in government have the discretion to determine potential risk to self or others? Where is the line to be drawn? More importantly, who decides where the line is drawn?

Do The Kids Know This? at targetliberty.com. Hitler, Stalin and Mao all confiscated guns before they killed multiple millions of their citizens. And Stalin and Mao were the darlings of the left.

You Can Try To Repeal The 2nd Amendment, But You Can’t Repeal History, by David Harsanyi, at thefederalist.com.   The 2nd Amendment protects the right of the people to protect themselves from their own government when it becomes tyrannical. Excerpt from the article: “Noah Webster reasoned that, “The supreme power in America cannot enforce unjust laws by the sword; because the whole body of the people are armed, and constitute a force superior to any bands of regular troops….” His only mistake was trusting the whole body of the people would always uphold the Constitution. “

Contemporary liberals often view this form of rhetoric against the government as an endorsement of sedition……What contemporary critics fail to comprehend, however, is that founding generation believed those who would undermine the inalienable liberties explicitly laid out in the Bill of Rights were the ones committing sedition.”

TRUMP TARIFFS HARM ECONOMIC ACTIVITY

Against The Whole Concept Of The ‘Balance Of International Payments’, by Robert Higgs, at economicpolicyjournal.com. When you trade with (purchase something from) another person, each person receives more in value than what they gave up. The exchange would never take place otherwise. When you purchase a candy bar for $2 dollars. You value the candy bar more than the $2 and the store values the $2 more than the candy bar. The store owner doesn’t have to purchase something from for  $2 to “balance the payment”. The account is balanced when a trade (or exchange) is made. It doesn’t matter if the trade is $2 for a candy bar, or if a car company in America purchases steel from a steel company in China.

Trump’s Steel And Aluminum Tariffs, by Walter Williams, at jewishworldreview.com.    That which is seen and that which is unseen. Excerpt from the article: “Last Week, President Trump enacted high tariffs on imports of steel ad aluminum. Why in the world would the U.S. steel and aluminum industries press the president to levy heavy tariffs?”

“The answer is simple. Reducing the amounts of steel and aluminum that hit our shores enables American producers to charge higher prices. Thus U.S. steel adn aluminum producers will earn higher profits, hire more workers and pay them higher wages. They are the visible beneficiaries of Trump’s tariffs.

But when the government creates a benefit for one American, it is a virtual guarantee that it will come at the expense of another American – an unseen victim. The victims of steel and aluminum tariffs are the companies that use steel and aluminum. Faced with higher input costs, they become less competitive on the world market……To become more competitive in the world market, some firms may move their production facilities to foreign countries that do not have tariffs on foreign steel and aluminum.

Politicians love having seen beneficiaries and unseen victims….In the cases of the steel and aluminum industries, company executives will know whom to give political campaign contributions. Workers in those industries will know for whom to cast their votes. The people in the steel and aluminum using industries may not know whom to blame for declining profits, lack of competitiveness and job loss. There’s no better scenario for politicians. It’s heads politicians win and tails somebody else loses.

Trade War: What Is It Good For?

Why We Learn Nothing About Trade, by Carmen Elena Dorobat, at mises.org. The ideology of 17 century mercantilism was destroyed by the ideas on free trade by the classical liberals of the 19 century. Unfortunately these protectionist ideas keep rising from the dead. It is time to drive a stake through the heart of this failed ideology once and for all.

VENEZUELA = SOCIALIST PARADISE

Socialist Utopia: Child Gangs Fight For “Quality Garbage” With Machetes In Venezuela, at zerohedge.com. How bad is it when your best option for getting food is to fight others for the possibility of finding it in the garbage?

Venezuela Faces A Terrible New Crisis: A Shortage Of Blood, by Rachelle Krygier, at washingtonpost.com. There is a shortage of medical supplies and blood in this socialist utopia. Economic systems produce different standards of living.

Venezuelans Report Big Weight Losses in 2017 As Hunger Hits, by Vivian Sequera, at reuters.com. Venezuelans have lost an average of 24 pounds over the last year. There are consequences of choosing socialist central planning over free market capitalism.

The Venezuela Diet – Remy

 

Observations From The Margin

Posted March 21, 2018 by austrianaddict
Categories: Observations From The Margin

Tags: , , , , , , ,

Observation Tower

-Why would anyone be surprised that Russia was trying to interfere in Americas election? It was standard operating procedure for the former Soviet Union. The KGB used ‘disinformation activities’ (read here) to undermine America. Since Putin is a former KGB agent, why would we think Russia’s disinformation activities have ceased?

– Leftist and democrats were enamored by communist central planners in the former Soviet Union. But now they don’t like Russia or President Putin. I don’t understand. He is exactly the kind of central planner that they once loved.

-Leftists and democrats hated the FBI for the surveillance of people under Hoover. Now they back the FBI for their surveillance activities.

-It is becoming clearer that the Trump Russian collusion story is made up. The main stream media reported, as true, leaked information from the FBI and the democrats without verification. They did this because the leaked information fit their vision of the world. After over a year of being used by the leakers, does the media dare start telling the truth about what happened? I doubt it. Their vision is more important than the truth.

-When a drunk driver kills someone, does anyone advocate a ban on cars? No! Instead we try to stop individuals from driving cars while impaired. But when it comes to a mentally ill person using a gun in a school shooting, we have to get rid of the gun instead of stopping mentally impaired individuals from getting a gun.

-Gun grabbers say that because guns are built for the purpose of killing we should get rid of them. Since cars kill more people per year than guns. And cars are not built for the purpose of killing. Doesn’t it follow that leftists should want to ban cars.

-Since the school shooting in Florida, the media has been asking teenagers for their opinion on what should be done to stop school shootings. Why would we want the opinion of individuals who don’t have enough life experience to have an informed opinion on this subject? Could it be they are being used by the media to push the leftist agenda?

-My mom once told me, “I’ve been your age, but you have never been my age.” Outside of asking kids to help me with my phone or computer, I don’t put much value on their opinions about issues which they have little or no knowledge. When I was in high school, I thought communism sounded like a good idea. How ill-informed was I?

-I recently read a list of Saul Alinsky’s 13 rules for radicals. Trump is using many of these 13 rules against the democrats and the media. It is hilarious to watch them respond. It drives them crazy. At this point I think Trump is jerking their chain on purpose just to get a reaction. They are like Pavlov’s dog.

Must Reads For The Week 3/17/18

Posted March 18, 2018 by austrianaddict
Categories: Must Reads For The Week

Tags: , , , , , , , , ,

Bankrupt Baltimore ‘Somehow’ Finds Money To Fund Lawyers For Illegal Immigrants, at zerohedge.com. This how government at every level works. Spend more money no matter how big your debt burden is. And especially if that spending helps you politically.

California High-Speed Rail Is A Budgetary Trainwreck As Cost Soars 20% to $77 Billion, at zerohedge.com. Government makes bad decisions about infrastructure spending. Why? Because it doesn’t make these decisions beholden to a market pricing system. They have unlimited access to tax dollars, which means operating at a loss does not constraint their spending.

The FBI Now Admits It Could Have Prevented The Florida High School Shooting, at zerohedge.com. We have been brainwashed to look to government for solutions to every “problem”? Since government is made up of fallible human beings, why would we think they are better at weighing trade offs than we are? The incentives and constraints individuals in Government work under are different than the incentives and constraints individuals in a free society operate under. The real question is, who should make decisions? Individuals in a free market or individuals in government?

Mass Shootings & Psychiatric Drugs, at theburningplatform.com. Excerpt from the article: “When it comes to the debate over mass shootings in America, why does the discussion always to toward tougher gun laws? And yet, we are not talking about the role of antidepressants and other psychiatric medication. The truth? The connection between mass shooters and these medications is stunning.” Since  these drugs can cause suicidal thoughts, can they also cause homicidal thoughts?

Another Liberal-Created Failure, by Walter E. Williams, at jewishworldreview.com. Another example of the unintended consequences of liberal policies. The liberals started to shut down mental hospitals in the 70’s because they thought the mentally ill could be mainstreamed through the use of psychotropic drugs. It didn’t turn out as planned. What are the chances of individuals in government saying they made a mistake and giving power in this area back to the states and cities? Not very good.

Venezuela Faces A Terrible New Crisis: A Critical Shortage Of Blood, at washingtonpost.com. Reporter Rachelle Krygier thinks the problem is because of, “Lower oil prices and populist policies by the late Hugo Chavez and his successor have plunged Venezuela into a spiraling economic emergency. The health system, which is also plagues by Mismanagement and corruption, is crumbling.” All of us know that socialist central planning is the reason Venezuela is in the mess it is in. Rachelle Krygier is either ignorant of economics, or she doesn’t want to blame the collapse on her socialist vision of the world. Either way. Nice analysis!

The Best Way To Compete With China Is To Free The Economy, by Thorsten Polleit, at mises.org.  State capitalism can never compete with free market capitalism. Protectionist policies and tariffs are moves toward State capitalism or are moves away from free market capitalism. Why would you pick policies that we know will not work toward making ‘America great again’? Economic ignorance!

American Laws – Not Chinese Laws Make American Industry Less Competitive, by Justine Murray, at mises.org. Government regulations and taxes are the reason businesses in America started to move their operations out of the country in the first place. Getting rid of regulations and decreasing taxes will bring some businesses back. But protectionist tariffs will drive up consumer prices which will ultimately cost jobs.