July 20 1969 Apollo 11 Lands On The Moon

Posted July 20, 2017 by austrianaddict
Categories: Miscellaneous

Tags: , ,

I was 12 years old when Apollo 11 landed on the moon. The Apollo project captivated me. I remember staying up to watch the coverage of the landing, and the moon walk. It still gets to me whenever I watch this.

This documentary titled, Failure Is Not An Option, documents the events of the space program from Mercury through Apollo. Of course I’m biased but the whole thing is really good. If you want to just watch the part about Apollo 11 move to 53:43 on the video. The story is told through the eyes of the flight controllers. It is fascinating.

Here is the flight directors audio loop synced up with the video of the landing taken from the LEM.

I doubt we could ever do something like this again. We are so risk averse today we wouldn’t take the chance. For the guys who pulled this off, failure was a possibility. They were willing to accept that reality.

Democrat and Republican Establishments vs. Healthcare

Posted July 18, 2017 by austrianaddict
Categories: Government and Politics

Tags: , , , , , , ,

 

Private or Public - Traffic sign with two options - services and companies owned by state or private businessman. Socialist / Capitalist question of privatization, school system, health service

The grass roots of the Democrat party is trying to pull the party toward an ideology of a centrally planned socialist economy. The grass roots of the Republican party is trying to pull the party toward an ideology of individual freedom and free markets. The establishment leadership of both parties only pay lip service to the ideologies of their grass roots base, because the status quo leadership of both parties wants two things. 1) They want to protect and grow the power of government. 2) Each wants to be the majority party that wields this Government power.

The ideology of the grass roots is a petty annoyance that has to be finessed politically in order to cobble together a 51% majority to gain control of the levers of power. You can see this playing out in the current healthcare issue.

The establishment Republicans in congress want no part of getting rid of Obamacare and replacing it with a free market in healthcare. Grass roots want government to get out of the healthcare industry and allow the best possible solutions to be spontaneously created by individuals cooperating in a free market. This article; DISGUSTING New Senate Healthcare Bill Adds Back Taxes That Were Originally Eliminated, at economicpolicyjournal.com. shows the Republican establishment for what it is. It’s a party giving big government favors (at taxpayer expense) to people who fund their reelections. This is being disguised as solutions to our current healthcare problems. The original problems in healthcare were caused, in the first place, by government intervention into the free market over the last 100 years. (Read: New Government Healthcare Regulations will Not Cure The Results Of Previous Government Regulations.)

The Democrat party is having a similar problem in California. The establishment of the party had an opportunity recently to pass a single payer healthcare system. When they didn’t pass the bill, the grass roots of the party started to rebel because they want government run healthcare. This article; California Democratic Party Civil War Underway, at cacus99percent.com. shows that even the Democrat establishment realizes a single payer system isn’t workable and will bankrupt the state.

So are the grass roots of the Democrat party and the establishment of the Republican party fighting for the same thing? The Republican establishment wants more government intervention in healthcare than the grass roots constituents of their party, and the grass roots Democrats want more government intervention in healthcare than members of the establishment in their party. Although they differ in the degree of government intervention, I think, California grass roots Democrats and establishment Republicans agree with the direction healthcare is moving. And similarly and grass roots Republicans and California establishment Democrats disagree with moving in that direction.

SO WHERE ARE WE?

We’re in a mess? The first thing I want to clear up is this point. There are no “solutions” to the problems in healthcare. There are only trade offs or tolerable bests that exist. Why do I say this? Because healthcare is an economic good. Which means it is a scarce. It doesn’t exist in abundance. It has to be produced by someone before it can be consumed. It is not like the air we breathe. Everyone on the planet can breathe as much air as they want because it exists naturally in abundance. It doesn’t have to be produced by anyone before it can be consumed. Some might say “I pay for the air I put in my tires”. Yes you do, but you are not paying for the air. They are paying the cost of compressing the air. Compressed air in particular is an economic good, air is not.

As much as some would like to believe healthcare is a right, saying it is a right doesn’t make the reality that is a scarce economic good magically disappear. Because of this fact, there has to be a way of rationing healthcare because there is not enough to satisfy the demand for it. There are two ways to ration economic goods. Through prices in a free market, or by bureaucrats in a central planned government system.

WHY HAS THE PRICE OF HEALTHCARE SKYROCKETED?

You have to look no further than the law of supply and demand to figure out the answer to this question. What do I mean? On the one hand every regulation passed by politicians and bureaucrats concerning healthcare over the last 100 years works to restrict the supply of healthcare. When supply is decreased against a fixed demand the price will increase. On the other hand politicians and bureaucrats are using tax payer dollars to subsidize healthcare which increases demand. When demand increases against a fixed supply the price will go up.

Bureaucratic intervention into the healthcare market by government has worked to decrease supply and increase demand over the last 100 years. We don’t have to look any farther than the law of supply and demand to understand why the price of healthcare has increased.

Over the last few decades the price of healthcare has gone up exponentially. Politicians see this increase but instead of getting rid of the policies that caused the increase, they try to to shift the increased costs of healthcare to the tax payers or insurance policy holders. But shifting costs doesn’t cut costs. In fact, shifting the cost increases costs because the only people who have an incentive to keep costs down are the people who pay them.

REPLACE WITH WHAT?

The truth is a free market is the only way the lowest possible price can be discovered. Healthcare can never be “free” because it is an economic good. Third party payers and cost shifting schemes distort supply and demand information. This distortion increases the costs above what they would be in a free market. Replacing Obamacare with a different set of government regulations won’t work. The only thing that can bring down costs is a free market in healthcare.

Unfortunately most people have a hard time wrapping their head around the abstract concept of a spontaneous order of a market vs. the seemingly concrete plans by central planners.

Having an order formed by individuals cooperating and competing inside of laws concerning property, contract and tort, allows for trial and error of multiple ideas by millions of people. The best way of doing something will be discovered and imitated.

A top down order formed by bureaucrats making plans that boxes individuals inside of narrow rules limits the amount of knowledge that can be brought to bare in discovering the best possible way of doing something. It also makes it almost impossible to change direction when the one and only plan is obviously not working. Just look at our present situation.

SOLUTION

Remember there are no solutions to healthcare, just trade offs. There is only one way to get to a point where individuals actually can make the decisions about the trade offs concerning healthcare. Get Government out of healthcare.

Since the grass-roots and the establishment of the Democrat party is never going to allow a free market in healthcare, the only chance is to help the grass-roots of the Republican party purge their party of the establishment leadership in their party and replace them with members who understand how free markets work. Repealing and replacing members of the Republican establishment takes consistent effort over many election cycles. Just look at what has happened to the shift in political power since the Democrats ruled all three branches of Government, most state houses and most governorships in 08 (read here).

 

Related ArticleSpontaneous Order = Free Market Economy, at austrianaddict.com.

Related ArticleSpontaneous Order More Complex Than Top Down Planning.

Related ArticleSpontaneous Order Utilizes More Knowledge than Central Planning Could Ever Hope To Utilize.

Must Reads For The Week 7/15/17

Posted July 15, 2017 by austrianaddict
Categories: Must Reads For The Week

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

 

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

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

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

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

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

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

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

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

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

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

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

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

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

CARTOONS

Political Cartoons by Bob Gorrell

Political Cartoons by Glenn McCoy

Political Cartoons by Lisa Benson

Must Reads For The Week 7/8/17

Posted July 7, 2017 by austrianaddict
Categories: Must Reads For The Week

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

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

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

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

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

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

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

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

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

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

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

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

FAKE NEWS

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

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

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

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

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

CARTOONS

at therightreasons.net.

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Our Lives! Our Fortunes! Our Sacred Honor!

Posted July 4, 2017 by austrianaddict
Categories: Hall of Fame, Miscellaneous

Tags: , , , , , ,

What does the 4th of July mean to us? Paul Harvey tells us what it meant to the signers of the Declaration of Independence.

 

America the Beautiful by Ray Charles

This gets me every time.

 

Related ArticleWhat Does Independence Day Mean? at austrianaddict.com.

Related ArticleJuly 4th – Our Choice: Liberty Or Tyranny! at austrianaddict.com.

Related ArticleJuly 4th, Declaring Independence From Tyranny, at austrianaddict.com.

Must Reads For The Week 7/1/17

Posted July 3, 2017 by austrianaddict
Categories: Must Reads For The Week

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

FAKE NEWS?

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

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

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

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

ECON STUFF

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

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

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

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

OTHER STUFF

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

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

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

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

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

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

 

CARTOONS from theburningplatform.

Political Cartoons by Glenn McCoy

Political Cartoons by Steve Kelley

Political Cartoons by Lisa Benson

Is The Recent Georgia Run Off Election A Portent For The 2018 Midterms?

Posted June 29, 2017 by austrianaddict
Categories: Government and Politics

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

Infographic model of USA congressional votes. Editable Sample.

The recent Georgia 6th district win by (R) Handel over (D) Ossoff was spun as a good omen by each side for their chances in the 2018 midterm congressional elections. We’re not going to make any predictions about 2018 because the election is a year and a half out and a lot can happen in an instant which can change the political landscape. So let’s analyze some numbers that exist today, and also look at some possible situations which may, or might not, influence 2018. Do you like the words may and might? These words suggest a subjective opinion. But the numbers are objective.

ANALYZING SOME NUMBERS

-A party needs 218 seats in the house to gain control. The D’s hold 193 seats. The D’s need to defeat 25 incumbant R’s, and win all 193 seats they presently hold to win control of the House.

-The D’s will need 51 seats to gain control of the senate because the Vice President (Pence) is the tie breaking vote. 34 senate seats are being contested in 2018. Of the 34 seats, 25 are held by D’s and 9 by R’s. So the D’s need to defeat 3 incumbant R’s and win all 25 seats they presently hold to win the House.

-The D’s thought they had a chance to flip the congressional seat in Georgia. They spent a record amount of money for one congressional seat. ( Democrats Get Crushed In Georgia Election Despite 7x Spending Advantage.) If they need to flip 25 seats held by the R’s in the House and 3 seats in the Senate, are they going to have enough money to fund each of these campaigns? But in order to win the minimum number of seats to win back the House and Senate they are going to have to target more than the minimum number (25 & 3), because losing just one seat spells doom.

-The D’s think that Hillary winning the popular vote by 2.86 million shows the majority of people agree with their vision for America. But if you look at California, New York and Massachusetts you get a different view of the numbers. Hillary won California by 4.27 million votes. She won New York by 1.74 million votes. She won Massachusetts by 1.0 Million votes. That is a 7.01 million vote advantage in three states. But it also means she lost the other 47 states by 4.15 million votes. If you take the .8 million advantage the R’s had in Texas the number shrinks to 3.35 million. Still the R’s have a broader base of support, while the D’s support is concentrated.

-The D’s hold a total of 193 house seats. Of those 39 are in California, 18 are in New York and 9 are in Massachusetts. So 66, or 34%, of their house seats are from these three states. This means they have 127 seats spread across 47 states. In most of these house seats the incumbant has an advantage because these districts have been gerrymandered. It may be difficult for the D’s to find enough competitive seats to win back the house.

-R’s control both chambers in 33 states, while D’s control both chambers in 13 states with 4 state chambers being split. (The R’s also have 33 state governors) The party in power in each state will be able to redraw the house districts after the 2020 census. The D’s have to win back control of some of these state chambers or it will be  more difficult to win control of the house after 2020.

-What about the senate? I’ve read (here) that R’s Flake from Arizona, Heller from Nevada and Cruz from Texas are vulnerable. But if the D’s don’t win all 25 of the seats they are defending, it doesn’t matter if they win these three seats. Of the 25 seats D’s have to defend, 12 are listed as vulnerable. But 10 of these are in states that voted for Trump in 2016. They are Nelson-Fla, Connelly-In, McCaskill-Mo, Tester-Mt, Heitkamp-ND, Brown-Oh, Casey-Penn, Manchin-WV, Baldwin-Wi and Stebenow-Mi.

CONCLUSION

Mathematically the D’s have an uphill battle to regain control of the house and the senate. But the unknown future is what will ultimately decide 2018. What are some of these unknown events that could affect political change? We can only speculate what they will be. Here are some of my speculations.

BIASED SPECULATION ABOUT UNKNOWN FUTURE EVENTS

(AKA MY BEST GUESSES)

-The economy will be the most important issue. As we know from history the economy, or the perception of how good or bad the economy is, will be at the top issue for each individual voter. The economy is not healthy right now. The financial bubble created by the Federal Reserve is over leveraged with a mountain of debt. The Fed is in the process of raising interest rates. It is also in the process of reducing Its balance sheet. This means it is not rolling over (refinancing) as much previous debt. Money is not being pumped into the financial market like it was when the Fed was in QE mode. This will eventually lead to a correction (recession). A recession is needed to correct the previous monetary interventions by the Federal Reserve over the last ten years. The Fed would like this correction to happen during Trump’s presidency because it thinks it will be able to deflect the blame away from its previous monetary policies and push the blame on Trump. They know the mainstream media will help with the blame game. The other thing that will help the Fed get away with this is the ignorance of the citizens when it comes to Fed policies.

The quote by Keynes on the top right of my web site says it all: “There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose.

-Will Healthcare be an issue in 2018? Yes. But the people who got hammered under Obamacare because of the increased insurance costs, didn’t vote for Trump, as much as they voted against continuing Obamacare under a Clinton presidency. do you really think these voters will, 2 years after the fact, go back to the party that crushed them financially? I don’t think these voters will, 2 years after the fact, go back to the party that crushed them financially even if the R’s don’t repeal Obamacare, or pass a bill that is spun as a repeal of Obamacare, but really isn’t. These voters know the D’s have destroyed our healthcare system with Obamacare. They also know the D’s want to implement a single payer government run system. These  voters in the other 47 States know their only hope is to try to force the wimps in the R party to get rid of the policy that raised their health premiums higher than what they could afford. These people have been backed into a corner. And when an individual has been backed into a corner he will will fight because he has no other choice.

-The mainstream media has lost, and is continuing to lose, credibility. They don’t have the power they, and we, think they possess. If they had this kind of power, Trump wouldn’t have won the election. They won’t be successful in pushing the big government progressive propaganda of the left. I don’t think they realize what people outside of California, New York, Massachusetts and D.C. think of them. Many people see them as biased. There is enough access to information that most people don’t have to be propagandized anymore unless they want to be. They won’t be successful in pushing the big government progressive propaganda of the left as they were decades ago.

CONCLUSION

Your guess is as good as mine!

 

Related ArticleNew Gov. Healthcare Regulations Will Not Cure The Results Of Previous Gov. Regulations, at austrianaddict.com.

Related Article0% Interest Rate x Eight Years = The Fed’s ZIRP Doesn’t Work, at austrianaddict.com.

Related ArticleBias In The Unbiased Mainstream Media, at austrianaddict.com.