Why Tesla’s Solar Roof Is Just Another Giant Taxpayer Gift To Elon Musk, at zerohedge.com. Elon Musk is skilled at getting his hands on taxpayer money. He is nothing more than a welfare recipient. If a business isn’t profitable without taxpayer money, it shouldn’t exist. Taxpayer money shouldn’t be given to any businesses.
The Minimum Wage Eats Restaurants, at econoicpolicyjournal.com. As the minimum wage rises via government decree. Restaurants close. If these restaurant owners were as talented as Elon Musk, they would get taxpayer dollars from government to pay for the mandated minimum wage increase.
How Fed-Enabled Zombie Companies Crush Productivity Growth, at zerohedge.com. Excerpt from the article: “When lagging firms don’t go bust, they hog scarce resources and drag down productivity…..The survival of weak companies drags down average productivity, but the consequences for growth are even worse. Since such firms take up scarce resources, their prolonged survival (or their delayed restructuring) inflates wages relative to productivity, depresses market prices and undermines investment – all of which deters the expansion of productive companies, particularly startups, and amplifies the mismatch of skills.”
On The AFL-CIO’s Inflated 341-to-1 CEO-To-Worker Pay Ratio, And The Statistical Legerdemain Used To Produce It, by Mark J. Perry, at carpediemblog. When ‘fake stats’ are never analyzed they produce ‘fake news’. The media accepts ‘fake stats’ as long as they fit the media’s vision of the world.
How Capitalism is Setting Washerwomen Free, at fee.org. Excerpt from the article: “Has anything changed the world more than the internet? …….one invention – an engine of liberation – has had a far more powerful effect on daily lives. He means the washing machine…….the greatest invention of the industrial revolution. It freed women from the chore of laundry – or at least from spending one full day a week every week doing it.”
Would You Lease – To -Own A Pair Of Sneakers, by George Pickering, at mises.org. Excerpt from the article: “Unlikely as it is that debt-financed Air Jordans will touch off the next worldwide recession, they nevertheless offer a microcosm of the forces currently forming unsustainable bubbles in an increasing number of markets throughout the economy.”
Trade Ignorance and Demagoguery, by Walter E. Williams, at jewishworldreview.com. I wish Trump would sit down with Dr. Williams for a day and learn something about economics.
California, Illinois, and New York Keep Losing People to Other States, by Ryan McMaken, at mises.org. People are voting with their feet. High taxes, increasing regulations and the high cost of living are incentives that force people to escape to greener pastures.
The Most Dangerous Book On Economics Ever Written For Kids, at economicpolicyjournal.com. The left is propagandizing children into believing capitalism is bad and communism is good.
‘Hero’ Stopped Mass Murder By Crazed Bar Patron Who Was Armed To The Teeth, Police Say, at dallasnews.com. Gunman who killed sports bar manager is shot by concealed carry holder. Good guy with a gun stops a bad guy with gun.
Senate Hearing Summary: Everything you Thought You Knew About Russia/Comey Just Got Destroyed, at zerohedge.com. Does anyone outside of the Washington establishment really think this is important? This is the political game of who can make the other side look bad. The people inside the beltway don’t understand how much people outside the beltway are sickened by the political game. We don’t want to play this game or watch this game played anymore.
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AUSTRIAN ECONOMICS ADDICT 