Observations From The Margin

Posted June 10, 2015 by austrianaddict
Categories: Observations From The Margin

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Observation Tower

Observation  (Photo credit: mooglet)

-What is the top rung on the progressive ladder of sin? Trying to put these sins in an order that makes sense is a task that angels wouldn’t dare attempt, but progressive politicians seem to think they are up to the task. For a long time I thought that being called a racist was the top rung on the ladder of sin, but recently I think being called a homophobe has taken over being the top rung. But just wait, if Hillary becomes the Democratic candidate for president, being a sexist will be the top rung. What happens if multiple possible sins can be committed against an individual because they are a member of multiple groups, like a black gay woman? Does having the possibility of multiple sins being committed against you make you a more important mascot to be used by politicians? If we all grew thicker skins and become less sensitive to being offended, politicians wouldn’t have as much control over us.

-Why would we be surprised that the Clinton Global Foundation is nothing more than a money laundering scheme? The Clintons did the same thing on a smaller scale when they were using the Lincoln bedroom to raise money during their eight years in the White House.

-The Hillary Clinton e-mail scandal is simple to understand. Hillary broke the law when she used a private e-mail server instead of the Government e-mail server. Don’t listen to her verbal sleight of hand when she tries to explain it.

-The recent theft of government employees records by hackers (we think it was China) begs the question, How much easier would it be to hack into Hillary Clintons private e-mail server than to hack into a Government server? The Government encryption is much more difficult to crack than the standard encryption used on Hillary’s private server.

-Do you think there was any information on Hillary’s server that a foreign country could use to blackmail Hillary Clinton if she ever became President?

-I have said that the altercations between Police and citizens will start to increase because of the breakdown of the rule of law. Thank you politicians and bureaucrats. When the law doesn’t apply to you, (Hillary e-mail server), and you pass so many laws that it makes it impossible for an individual to know them all, what do you expect.  Politicians and bureaucrats, don’t have to deal directly with the people affected by these laws like the police do, but they do get to ride in on their white horses with solutions to the tension between police and citizens. People won’t follow the law when they think the laws are arbitrary and petty, and also when they think the laws don’t apply to our “rulers”. As much as I think that there are instances that police are breaking the law and just wielding power, there are many instances where individuals make situations worse by not complying. Because I know police and citizens don’t have wings and halos, I judge each of these situations, seen weekly on the news, on it’s own merits without picking a side before hand. Police and citizens have to deescalate these situations and start treating each other with more respect. If we don’t take care of this at the point where police and citizens meet each other,  we are opening the door for politicians and bureaucrats to use the “crisis” to step in and become even more tyrannical.

-Remember during the process of passing the Affordable Care Act, Nancy Pelosi saying “you have to pass it to see what’s in it”? How did that turn out? We are witnessing the same type of process with the secrecy surrounding the Trans Pacific Partnership trade agreement being pushed by President Obama. Should we trust this kind of process?

-I’ve stated this before but let’s try it again. People are born with either an xx or an xy sex chromosome. And no matter what anyone, including Bruce Jenner, feels his gender is, his sex is either male (xy) or female (xx). No amount of surgery or hormone replacement therapy can change that.

-How can Bruce Jenner receive the Arthur Ash award for courage at the ESPYs when it doesn’t take courage to do something that the main stream media, politicians, and the Hollywood culture support. Courage is demonstrated when you swim against the politically correct current.

 

 

 

Must Reads For The Week 6/6/15

Posted June 6, 2015 by austrianaddict
Categories: Must Reads For The Week

Tags: , , , , , , , , , , , , , , , ,
The pen is mightier than the sword...

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

Why Butter And Eggs Won’t Kill Us After All: Flawed Science Triggers U-Turn On Cholesterol Fears, by Chris Brooke, at dailymail.co.uk. So your telling me that global warming science isn’t settled! I can’t wait to have bacon with two eggs over easy and real butter on my toast this Sunday morning. Hat Tip lewrockwell.com.

Rent A Car Drive For Uber, at money.cnn.com. HyreCar is a start up that brings individuals who want to rent their personal car and people who want to drive for Uber or Lyft. Technology is helping us use our scarce resources more productively.

zTailors – High-Quality Affordable Tailoring At Your Door, at aTailors.com. Tailors making house calls.

North Korea Is Kind Of Awesome At Earth Hour, by Sean Davis, at thefederalist.com. If only crazy environmentalists could be as committed to not using electricity as the North Koreans are.

The Danes Are Revolting: Tax Administration Set On Fire, at zerohedge.com. No comment needed.

Free Speech Facebook And The NSA: The Good The Bad And The Ugly, at zerohedge.com. Do you think the NSA quit collecting data for the three days prior to the Patriot Act being reauthorized? Not a chance. Data collection, in violation of the fourth amendment, is here to stay. What would government do with the massive data collection center in Utah?

Protecting Perks, Power, And Profits Has Perverted The Entire System, at zerohedge.com. Electronically printing counterfeit money brings the future into the present before its time. Here is an excerpt form the article, “Cronyism depends on the credit bubble. the future is where new wealth is created. When you try to stop and twist the future into the shape you want, you prevent the future from ever happening. So you switch from creating wealth now to taking wealth from the future so you can consume it now.

From Whence Cometh Our Wealth- Peoples Labor Or The Fed’s Printing Press? by David Stockman, at davidstockmanscontracorner.com. If you were stranded on a deserted island you would have to use labor to produce food, whether is was knocking coconuts out of a tree, or catching fish. If I could give you a million dollars would it do you any good? The money would only have value in starting a fire or for use as toilet paper. It would have no exchange value.

CARTOONS

 

 

 

Must Reads For The Week 5/30/15

Posted May 29, 2015 by austrianaddict
Categories: Must Reads For The Week

Tags: , , , , , , , , , , , ,
The pen is mightier than the sword...

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

States Turn To Pension Ponzi Scheme To Close Funding Gap, at zerohedge.com. State and local government have underfunded pension funds for years thinking they could cover the future shortfall by raising taxes. Since the tax payer is tapped out, politicians are going to fund pensions by issuing more debt. How do you think this will turn out?

A $12,480 Per Year Tax Per Full Time Employee ($15 Minimum Wage) Hurts Business, by Mark J. Perry, at carpediemblog. An increase of $6 per hour adds $12,480 to the cost of doing business. Do politicians really think mandating a higher minimum wage has no consequences on low skilled jobs.

Why Bikers Are Being Murdered In Venezuela, youtube. Venezuela’s socialist government restrictions on imports  has created a shortage of motorcycles and spare parts. Motorcycle riders are being murdered for their bikes when they stop on street corners. Just another example unintended consequences by central planners.

Government Regulation And Economic Stagnation, by Peter St. Onge, at mises.org. This is a good article about how government intervention in the free market results in a stagnating economy. Government regulations can’t trump the laws of economics. Economic forces are always in the process of correcting these government interventions, and they always prevail in the long run.

The Surveillance State Is Illegal, at creators.com. The U.S. Appeals court ruled that the collection of metadata by the NSA is illegal. This is a victory for the rule of law. It will be interesting to see what happens in the Sunday Senate showdown when the deadline for the Patriot Act arrives. Lets hope individual freedom wins over tyrannical politicians.

Eminent Domain Abuse – Kelo Tenth Anniversary, at libertypenblog.blogspot.com. Young adults don’t remember this case concerning eminent domain. All the liberals on the Supreme Court ruled in favor of a private development firm, instead of ruling in favor of individual property rights. Individuals homes were bulldozed for no reason as the development was never built. This article titled, Eminent Disaster, by Jeff Jacoby, gives a brief explanation of the case.

5 Big Banks Fined $5 billion For Manipulating Interest Rates And Currency, at dallasnews.com. These banks are getting fined for doing the same thing the Federal Reserve has been doing for years. Will these banks pay their fine by withdrawing electronically printed counterfeit money that is on deposit at the Federal Reserve?

Behind The Pope’s Embrace Of Castro, at targetliberty.com. Two Marxists met when Raul Castro visited the Pope last week. Here is the money quote by Raul Castor, “The pontiff is a Jesuit, and I, in some way, am too. I studied at Jesuit schools.“. I’ve always thought the Pope leans toward Marxist liberation theology. You remember liberation theology because of Obama”s pastor Jeremiah Wright.

GATOR VS. TRUCK

 

 

 

Labor Unions, The IRS, and Obama Immigration Executive Order: Abusing Government Power

Posted May 28, 2015 by austrianaddict
Categories: Government and Politics

Tags: , , , , , , , , ,

LABOR UNIONS

Labor Groups Want Exemption For Unions In New L.A. Minimum Wage Law. Labor groups pushed for the higher minimum wage and now they want an exemption from the law. Here is a quote from the article, “For every local wage ordinance it has ever adopted, the Los Angeles City Council has respected agreements that businesses and employees have mutually reached,”.

I have a question. If I go to work for a business at a particular wage, have the business and I not mutually reached an agreement that the City Council has to respect? How can the L.A. City Council enforce a minimum wage law if  they truly respect agreements between businesses and employees? Or do they consider an individual, who is not a union member, smart enough to know what is best in his particular situation.

Labor unions have been trying to unionize fast food restaurants and Wal-Mart for years. Getting an exemption from the minimum wage law would give them a better chance to unionize these companies based on lower cost wages. I thought the reason they wanted to unionize these companies in the first place was because these benevolent union leaders thought the employees were not receiving a “living wage”.

Companies who don’t comply with the minimum wage law can get prosecuted by the state. Why doesn’t the employee get prosecuted for breaking the minimum wage law? There are two people involved in this illegal act. Why aren’t they treated equally?

All a Union is trying to do is create a monopoly on labor. The only way they can do this is through government sanction. The fact that Union membership has fallen from 35% of the work force in the 50s, to less than 12% today, shows they have priced themselves out of the market even with government sanctions.

IRS

This article titled, IRS And DOJ Get Schooled Over Pro-Israel Group, at tammybruce.com, shows how bureaucrats try to abuse the power of their agency. The IRS delayed granting tax-exempt status to a pro-Israel group because of the group’s policy views. After a federal district judge wouldn’t dismiss the suit filed by the pro-Israel group, the IRS and DOJ tried to use legal sleight of hand to get the D.C. Circuit Court of Appeals to dismiss the case, but the Judges wouldn’t fall for it. When you have unlimited funds, like the DOJ, you don’t have to weigh the cost of taking a horse s#*t case to court. You just go for it and hope you win. Hats off to the judges.

OBAMA IMMIGRATION EXECUTIVE ORDER

This article titled, Appeals Panel Won’t Lift Hold On Obama’s Immigration Action, we see the Obama administration trying to go beyond its constitutionally mandated powers. The 5th U.S. Circuit Court Of Appeals wouldn’t lift the ban on Obama”s executive order originally made by U.S. District Judge Andrew Hanen. This is a victory for the rule of law. But we know that the administration will use emotion to attack the Judges decisions because emotion always trumps logic in today’s world filled with shallow thinkers.

 

Related ArticleAbuses Of Power By Individuals In Government, at austrianaddict.com.

Related ArticleProof Once Again That Power Corrupts, at austrianaddict.com.

Must Reads For The Week 5/23/15

Posted May 23, 2015 by austrianaddict
Categories: Must Reads For The Week

Tags: , , , , , , , , , , , , , , , , , , ,
The pen is mightier than the sword...

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

LETS START WITH TECH

Electroloom Is a 3D Fabric Printer In The Making, by Natasha Lomas, at techcrunch.com. This is mind-blowing. Even when I watched the video of the 3D printer in action, I thought, what am I watching? The one question I had when I watched the video was; Why did they go to China to make Electroloom into a more usable product? Why couldn’t they do what they wanted to do here? Was Government regulations a reason they couldn’t finish there work here? I’m just asking, I don’t know why.

BioBots Is A 3D Printer For Living Cells, by Natasha Lomas, at techcrunch.com. BioBots can “build 3D living tissues and miniature human organs for research and pre-clinical screening, such as drug testing as a replacement for animal testing“. You can test on more complex human cells instead of less complex animal cells. A step forward to the possibility of 3D printing usable human organs.

Bocusini Will 3D Print Your Food Like A Fine Robotic Pastry Chef, by John Biggs, at techcrunch.com. The 3D printer uses small cartridges of chocolate, fudge, sugar, and marzipan, to create tasty small objects. I the day coming when you can fill the cartridges with some type of eatable food product that can be transformed to taste like your favorite meal.

GOVERNMENT INTERVENTION

Warning: Put Away All Sharp Objects!

Illinois, Chicago Run Out Of Options, Christine Williamson, pionline.com. Years of kicking the pension can down the road has finally caught up with politicians and bureaucrats.

Where Greeks Are Stashing Their Cash—German Cars, Not Mattresses, at davidstockmanscontracorner.com. When a currency is perceived to be loosing its value, people will not hold it. They will exchange it for goods. The Greeks are getting German cars, and the Germans are getting printed depreciating currency. It’s a something for nothing exchange.

School Cafeteria Food Fight: FLOTUS vs. Students, at tammybruce.com. Students are posting photos of their paltry lunches on social media. The US Department of Agriculture has decided to post photos to counter act the students photos. All I know is, you are not going to win a social media food fight with young people if you make it an, us against them scenario.

The Governments Message For Heavily Indebted Students: Don’t Pay Us Back, at zerohedge.com. The Federal Government takes over student loans. Than it hooks students into huge debt. Now it is taking the first steps to forgive the loan balances. Is this the start of Universal College Education, like Universal Health Care. Watch out tax payers.

Regulations Holding Back U.S. Energy Infrastructure Investment, by Mark J. Perry, at investors.com. In New England, a pipeline shortage caused by unpredictable Government regulations, has led to significantly higher costs of electricity and natural gas. We’re shooting ourselves in the foot with over regulation.

Net Neutrality: Obama’s FCC Puts Internet, American Innovation At Risk, by George Gilder, at discovery.org. George Gilder knows about the economics of technology. This is ‘the’ must read of todays must reads.

DEA Strikes Again: Seize Mans Life Savings Under Civil Asset Forfeiture Without Charges, at zerohedge.com. This is a clear violation of the Fourth Amendment. How can this go on in America. This is the kind of thing that happened behind the iron curtain back in the day.

Why Minimum Wage Laws Are ‘Phased In’, (Hint: It’s An Attempt To Hide The Terrible Consequences). by Bryan Caplan, at economicpolicyjournal.com. Obamacare was and is being phased in like this. When consequences happen gradually, people don’t notice as much. Even though the end result is still the same: fewer jobs at the higher price.

JUST LAUGH OR YOU’LL LOOSE YOUR MIND

Al Sharpton’s Daughter Suing NYC For $5 Million Over Ankle She Sprained On Soho Sidewalk, at dailymail.co.uk. She said the sprain left her in “permanent pain and mental anguish”. Who says kids don’t learn from their parents?

Thomas Sowell Interprets President Obama’s Political Rhetoric

Posted May 22, 2015 by austrianaddict
Categories: Government and Politics

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Thomas Sowell

No one puts so much substance into so few words as Thomas Sowell. His article titled, ‘Just Asking’ (click here), in which he interprets President Obama’s rhetoric about poverty, is just his most recent example. I don’t need to waste your time by saying anything else. Lets get right to some excerpts from the article.

“In a recent panel discussion on poverty at Georgetown University, President Barack Obama gave another demonstration of his mastery of rhetoric — and disregard of reality.”

“One of the ways of fighting poverty, he proposed, was to “ask from society’s lottery winners” that they make a “modest investment” in government programs to help the poor.”

“Since free speech is guaranteed to everyone by the First Amendment to the Constitution, there is nothing to prevent anybody from asking anything from anybody else.”

Despite pious rhetoric on the left about “asking” the more fortunate for more money, the government does not “ask” anything. It seizes what it wants by force. If you don’t pay up, it can take not only your paycheck, it can seize your bank account, put a lien on your home and/or put you in federal prison.”

“So please don’t insult our intelligence by talking piously about “asking.”

And please don’t call the government’s pouring trillions of tax dollars down a bottomless pit “investment.” Remember the soaring words from Barack Obama, in his early days in the White House, about “investing in the industries of the future”? After Solyndra and other companies in which he “invested” the taxpayers’ money went bankrupt, we haven’t heard those soaring words so much.”

“Then there are those who produced the wealth that politicians want to grab. In Obama’s rhetoric, these producers are called “society’s lottery winners.”

“Was Bill Gates a lottery winner? Or did he produce and sell a computer operating system that allows billions of people around the world to use computers, without knowing anything about the inner workings of this complex technology?”

“Was Henry Ford a lottery winner? Or did he revolutionize the production of automobiles, bringing the price down to the point where cars were no longer luxuries of the rich but vehicles that millions of ordinary people could afford, greatly expanding the scope of their lives?”

Most people who want to redistribute wealth don’t want to talk about how that wealth was produced in the first place. They just want “the rich” to pay their undefined “fair share” of taxes. This “fair share” must remain undefined because all it really means is “more.”

“Obama goes further than other income redistributionists. “You didn’t build that!” he declared to those who did. Why? Because those who created additions to the world’s wealth used government-built roads or other government-provided services to market their products.”

And who paid for those roads and other government-provided services if not the taxpayers? Since all other taxpayers, as well as non-taxpayers, also use government facilities, why are those who created private wealth not to use them also, since they are taxpayers as well?”

“The real question is whether the investment of wealth is likely to be done better by those who created that wealth in the first place or by politicians. The track record of politicians hardly suggests that turning ever more of a nation’s wealth over to them is likely to turn out well. It certainly has not turned well in the American economy under Barack Obama.
“The fact that most of the rhetorical ploys used by Barack Obama and other redistributionists will not stand up under scrutiny means very little politically. After all, how many people who come out of our schools and colleges today are capable of critical scrutiny?
Related ArticleThomas Sowell: Obama vs. America, at austrianaddict.com.
Related ArticleThomas Sowell: Obama’s Failed Economic Policies, at austrianaddict.com.
Related ArticleThomas Sowell Compares FDR And President Obama, at austrianaddict.com.
Related ArticleThomas Sowell’s Vision Of The Anointed, at austrianaddict.com.

 

Seattle ‘Kayaktivists’ Protest Shell Oil Drilling Rig In Kayaks Made From Oil

Posted May 21, 2015 by austrianaddict
Categories: Miscellaneous

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 THEIR COST FREE UTOPIAN VISION HAS A HIGH PRICE

Do these protesters have any idea how many things they use in their daily lives are made from oil? Their kayaks, life jackets, paddles, neoprene wet suits, ink, and their plastic signs, are made from oil (list here).

Do they understand that fossil fuels are responsible for the low-cost energy that has powered the creation of our current standard of living? Solar and wind can’t produce enough power to maintain what we have today (read here), let alone trying power future growth.

Do they know that the wealth created, because of low-cost energy, has allowed us to clean up our environment? People in poor countries are just trying to win their daily battle against the planet (food, shelter, clothing), they can’t afford to clean up after themselves. China (the second biggest world economy) can’t even clean up after itself (see pictures here).

These activists want an “oil free future”. This ‘oil free future’ is a utopian vision that exists cost-free in the minds of these true believers. Do they think that getting rid of carbon based fuels has no consequences? Have they ever thought what that ‘oil free future’ would be like? They don’t even stop to think about how the world of today came to exist as it does. They are free to live in an oil free world if they so choose. They don’t have to use any products made from oil, and they don’t have to use any energy produced from oil or fossil fuels. They can go back to living a primitive lifestyle, no one is stopping them.

CLASH OF VISIONS: WHERE ARE WE HEADED?

In this article by Dave Harbour titled, Seattle Hearing On Shell’s Arctic Rig Docking: A Clash Of Visions, he talks about the differences between the two sides in this battle. Here are some excerpts from the article.

“If our civilization is to continue, our well-grounded public and private leaders need to wake up and undertake communication programs designed to better articulate the facts of free-enterprise, wealth creation, natural resource development, freedom and history to community members, young and old.”

“For every new generation of citizens and their elected leaders needs to be reminded of how America became great because of wealth producing natural resources.”

Our future generations of citizens also need to be taught how a country’s greatness — and perhaps its existence — can fast disappear without the means to sustain a desirable way of life.

 

Related ArticleMaking The World A Better Place – By Using More Fossil Fuels, by Alex Epstein.

Related ArticleClimate Change: Religion? Economics? Science? at austrianaddict.com.

 

Must Reads For The Week 5/16/15

Posted May 15, 2015 by austrianaddict
Categories: Must Reads For The Week

Tags: , , , , , , , , , , , , , ,
The pen is mightier than the sword...

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

Lilly Camera Drone Films And Follows You, at wired.com. The drone films your movements by following a tracking device worn on your wrist.

More Creative Destruction For Transportation: Here Comes Bridj, The App Based ‘Uber Of Bus Transit‘, by Mark J. Perry, at Carpe Diem blog. The most productive and least costly way of providing services and products will win out in a free market.

Reduce Healthcare Costs With MediBid, at medibid.com. Obamacare is creating a true free market in healthcare, as providers and consumers work together to find more cost effective methods. I can’t believe I just said something good about Obamacare. Unfortunately for the central planners, it is an unintended consequence of a bad policy.

Socialist Government Madness: French Retailers Can Now Hold Sales Only Twice A Year, at economicpolicyjournal.com. Why doesn’t the French Government just take over the retail business. They obviously think they are smarter than the people who “own” these businesses.

Hawaii’s $205 Million Obamacare Exchange Implodes, by Alexander Hendrie, at atr.org. Low enrollment will force the Hawaii Obamacare exchange website to shut down by the end of the year, in spite of tax payer funding to the tune of $205 Million. Government politicians and bureaucrats thought they were smart enough to run the healthcare system, They’re not! Bureaucratic central planning doesn’t work as well as voluntary cooperation among individuals when it comes to coordinating men’s activities.

The Best And Worst Cities To Start A Business, at economicpolicyjournal.com. I know this is hard to believe, but seven of the bottom ten worst cities for starting a business are in that low tax low regulation high tax high regulation State of California.

Denmark Legislates Cashless Society, at pymnts.com. Here is a quote from the article, “electronic payments make banking systems more productive and lessen the need for an informal or shadow economy, which isn’t taxed nor monitored by the government.” Why should government be monitoring everything you do? Money came to exist as a free market phenomenon, not as a creation of government. Government took over the creation of money after the fact. Going cashless won’t stop Governments ability to electronically print counterfeit money, it will just give them power to monitor every transaction that you make.

The War On Cash Destroys A Small Entrepreneur, at economicpolicyjournal.com. The IRS seized the cash deposits of this small business. Government is force. It can be used against anyone who bureaucrats and politicians want to wield it against. Going cashless, like Denmark, will make it easier for you to be monitored.

College Enrollment Drops As Millennials Re-Enter Work Force, by Justine Underhill, at yahoo.com. They are starting to figure out that taking on large amounts of college loan debt isn’t worth it.

This Is How Government Backed Education Debt Works, economicpolicyjournal.com. The Government is giving out loans to kids who would not normally qualify for the financing. Does this sound similar to how the housing bubble was created leading up the 08 collapse?

Helio Castroneves Takes To The Air During Practice At Indy.

 

Michelle Obama vs. Thomas Sowell On The Politics Of Race

Posted May 13, 2015 by austrianaddict
Categories: Government and Politics

Tags: , , , , , , ,

I heard audio clips of Michelle Obama’s commencement speech at Tuskegee University. In stead of relying on the clips I heard, I decided to listen to the whole speech to get a total understanding of the message she was trying to get across. In the video below, the speech starts at 9:10. Mrs. Obama does a good job telling the history of not only Tuskegee University but the Tuskegee Airman who flew in WWII. She talks of how racism was overcome by the efforts of each individual working and persevering to become the best they could be. It’s very inspiring.

Then at 24:00 – 27:30 it starts to veer off the inspirational tracks a little bit. This is the part I heard audio clips of, and you can listen to these if you choose. I won’t comment on them. What I found interesting was the part starting at 27:35. She gives the students the solution to take on the “deep-rooted problems” that they will face. Here is what she said.

“Our history provides us with a better story, a better blue print for how we can win. It teaches us that when we pull ourselves out of the lowest emotional depths and we channel our frustrations into studying and organizing and banding together, we can build ourselves and or communities up. We can take on those deep-rooted problems and together we can overcome anything that stands in our way.

At this point I’m thinking she is going to reference the beginning of her speech where these individuals didn’t let racism stand in the way of their accomplishments. They didn’t turn to Government or anybody else, they just figured it out and did it on their own. But instead, Mrs. Obama says this.

“And the first thing we have to do is vote. Not just once in a while…..Vote in every election at every level all of the time. Because here’s the truth. If you truly want a say in your community. If you truly want to have the power to control your own destiny, then you got to be involved. You got to be at the table. You got to vote, vote, vote, vote. That’s it, that’s the way we move forward. That’s how we make progress for ourselves and for our country.”

This is spoken like a true Statist. Gaining Government power is the answer. It’s what you should strive for? This is the complete opposite of what the founders of Tuskegee University, and the Tuskegee airman did.

I’m going to let Thomas Sowell respond to Mrs Obama’s comments in the video below. He is discussing his book Intellectuals and Race. I’ve said this before that nobody writes or speaks more clearly about race and culture than Thomas Sowell.

Thomas Sowell grew up in Harlem in the 40’s when there was more racism than there is today. He has said he is glad he didn’t grow up in Harlem in the 60’s when Government started their “Great Society”  programs to help blacks.

At 28:38 they show an excerpt form a speech President LBJ made at Howard University in 1965. LBJ talks about the plight of blacks. And the solution to their plight is Government, in general, and his Great Society Programs in particular. Watch up to 31:25 to hear Thomas Sowell’s response to LBJ’s speech.

About the plight of blacks today, Dr. Sowell says,“The first thing to be done is to understand that this was a result of policies begun in the 1960’s. This is not a legacy of what happened a hundred years before the 1960’s. He said he would roll back welfare and eliminate affirmative action, but it won’t happen because all “the incentives politically, are for black leaders to blame all problems in the black community on the larger society. And that enables them to take on the role of being the defender of the black community against enemies. Which in turn creates the situation in which many blacks don’t feel that anything that they do is going to help themselves, unless it is done politically as a group….” One of the most pathetic things I heard in recent years was a young black man saying at one point he thought he would join the Air Force and become a pilot. And then he said he realized that the white man is not going to let a black man become a pilot. And he was saying this decades after the Tuskegee Airman had established their reputation in combat in Europe. Hopelessness is one of the great products of the race industry.”

When asked “how do you make something out of yourself, as an African-American in America today”, he says; “The way anybody else would. You equip yourself with skills that people are willing to pay for.

Watch the whole video. It is worth the time.

 

Related ArticleThomas Sowell: The Economics And Politics Of Race, at austrianaddict.com.

Related ArticleBest Commencement Speech Ever? Adm. McCraven Gets My Vote, at austrianaddict.com.

Related ArticleRace Politics and Lies, by Thomas Sowell, at jewishworldreview.com.

Must Reads For The Week 5/9/15

Posted May 8, 2015 by austrianaddict
Categories: Must Reads For The Week

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , ,
The pen is mightier than the sword...

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

ECONOMIC LESSONS ABOUT PRICE FLOORS AND CEILINGS

NYC Mayor: Lets Bomb New York City With Rent Controls, at economicpolicyjournal.com. Rent control is a price ceiling. When the price of rent is not allowed to go above what the price would be under normal market conditions, an artificial shortage is created. Less is supplied at a lower price than a higher price, and more is demanded at the lower price than a higher price, creating a shortage of housing and a surplus of renters. It’s simple supply and demand.

Robert Reich: Economic Malpractice On The Minimum Wage, by Mark J. Perry, at carpediemblog. A minimum wage law is a price floor that a wage can’t go below. Watch the difference between the explanation about the minimum wage from Robert Reich, and the explanation by the Kahn Academy. Robert Reich is trying to fool people who are economically ignorant. When a wage is set at a rate higher than what that labor produces, the demand for that labor will decrease, creating unemployment. Less labor will be demanded at a higher rate than a lower rate, and more labor will be supplied at a higher rate than a lower rate, creating a surplus of labor or a job shortage.

Meet The Hotel Robot That Will Battle Minimum Wage Hikes, at economicpolicyjournal.com. When a wage is set higher than what the labor produces, the labor will go away. Automation is one way this will happen. Robert Reich forgot to mention this as well as some other salient points.

Free market prices coordinate supply of and demand for scarce goods and services. Government price controls, like minimum wage laws and rent control laws, are interventions that are factored into the economic law of supply and demand. Government force can’t do away with the economic reality of scarcity, it can only distort the coordination process.

MORE GOVERNMENT INTERVENTION

Ripple Labs Faces Fines From FinCEN, at payments.com. Ripple Labs is the first virtual currency exchanger to be fined by the Financial Crimes Enforcement Network. The Government wants to keep its monopoly on money creation via the Federal Reserve, by making virtual currency providers comply with anti-money laundering laws. This is curious because the US Treasury and the Federal Reserve are running the biggest money laundering operation in the history of the world.

Obamacare Killer? Global Spending On Cancer Drugs Surges To $100 Billion, at economicpolicyjournal.com. Obamacare has taken over decision-making from what was left of a free market system in the healthcare system. Coordination of supply and demand through prices barely exists. Lobbying Government for protection and favors through Government decision-making is no way to run an industry, just ask the former USSR.

The Mysterious Source Of Surging Demand For GM Cars, Revealed, at zerohedge.com. The first trick to increase sales was channel stuffing. The second was subprime car loans. Now the Government has increased its purchases from Government Motors. Maybe it does pay to get into bed with the Government! They bailed GM out. They subsidised purchases of the Chevy Volt. Now they are buying cars, (for whom, I don’t know).

Government Using Subprime Mortgages To Pump Housing Recovery, Tax Payer Will Pay Again, at zerohedge.com. This didn’t end well last time, did it?

MISCELLANEOUS

Meet Three Kids Alive Today Thanks To 3D Printing, by Ashley Welch, at cbsnews.com. We are only scratching the surface of what can be done with 3D printing.

Creative Destruction: Newspaper Ad Revenue Continues Free Fall, by Mark J. Perry, at carpediemblog. The market (decisions by individuals), picks the most productive goods and services. I predict the print media will, at some point, ask for a Government bailout.

CNN Anchor, Chris Cuomo, Ignorant About The Constitution And Hate Speech, by Robby Soave, at reason.com. And Chris Cuomo has a law degree from Fordham University? He must have missed the class when they talked about the first amendment!

Hello Al Gore: Low Sun Spot Cycle Could Mean Another ‘Little Ice Age’, by Chriss Street, at americanthinker.com. Who would have ever thought that the sun is the most important factor when it comes to the earths temperature.

CARTOONS THAT MAKE YOU THINK

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