Posted tagged ‘Bernie Sanders’

Bernie Identifies Problems: Doesn’t Understand Their Cause.

March 10, 2016

Bernie Sanders has identified problems like increased costs of healthcare, rising student loan debt, and the financial crisis of 08. Unfortunately Bernie thinks the cure for these problems can only come from the very entity that caused the problems in the first place, and that is government and the Federal Reserve. He is like a doctor who finds his patient has lung cancer, and thinks the cure is to smoke more cigarettes. He doesn’t understand that cigarettes caused the cancer in the first place. Government intervention has caused the rising costs of healthcare and college education, and the Feds easy money policies caused the financial crisis. More Government intervention can’t fix these problems it can only make them worse. Individuals making decisions in free markets will improve these problems. I didn’t say free markets would lead to a perfect “solution”, because there can be no perfect solution when human beings are involved. Free markets allow individuals to make trade offs between competing values. In other words markets don’t proscribe one size fits all solutions, that’s what government does. The difference is when government “solutions” don’t work, government gets credit for trying to solve the problem and is given perpetual do overs, while markets are demonized for doing exactly what they are supposed to do (allow individuals to make decisions).

In this article, Bernie, It’s Government That “Rigs” The Economy, at mises.org, Tho Bishop explains that most  problems are blamed on the market economy when in fact it’s government intervening in the free market that causes these problems. Here are some excerpts from the article.

Touching back on Sanders’s indictment of Wall Street regarding the financial crises, perhaps no entity is more responsible for “rigging” the economy than the Federal Reserve — which not only enabled much of Wall Street’s reckless borrowing in the lead up to the crisis, but actively sought to inflate the stock market (at the expense of risk-averse savers) following it. While, to his credit, Sanders has supported the full audit of the Federal Reserve long advocated for Ron Paul, he has fully advocated for the Fed to double down on these very same policies.”

“In fact, almost every example the left points to regarding a “rigged economy” can be directly linked to the State. Be it Pharma Bro and the broken pharmaceutical industry, or the cost of healthcare in America, or the burden of student loans being felt by Millennials across the country, the market is blamed for the sins of government. Capitalism is demonized for the evils of interventionism.”

As Ludwig von Mises wrote in Human Action:

“[Advocates of government intervention] blame the market economy for the consequences of the very anticapitalistic policies which they themselves advocate as necessary and beneficial reforms. They fix on the market economy the responsibility for the inevitable failure and frustration of interventionism.”

“Unfortunately this anti-capitalist mentality continues to dominate politics today. Until that changes, politicians like Sanders will continue to find success demonizing a rigged economy they bear personal responsibility for creating.

Related ArticleFree Market Fracking Trumps Government Solutions When It Comes To Producing Energy, at austrianaddict.com.

Related ArticleSolutions To California’s Drought: Government Fines Or Market Prices, at austrianaddict.com.

Related ArticleEconomic Forces Eventually Win: Let’s Look At Oil, at austrianaddict.com.

Must Reads For The Week 1/16/16

January 16, 2016

Warming Up Your Car? It’s Illegal And Dangerous, by Eric Lagatta, at newarkadvocate.com. Government at all levels is tyrannical. Ohio law states that it is illegal to leave your car running with your keys in it. They passed this law to prevent car thefts. What right do legislative busybodies have to tell us what we can do with our property. You own your car. If you want to weigh the risk of warm up your car in the morning vs. its potential theft, it should be your decision not theirs. just another example of incremental intervention by tyrannical government. Ohio is not the only state that has this law (read here).

Philadelphia Police Chief And Mayor Disagree on whether a police being shot had something, or nothing, to do with Islam. The police chief reports the facts of the case. The Mayor ignores these facts and gives his politically correct opinion about the shooting. It’s as if the Mayor wasn’t paying attention to what the police chief said just seconds before he makes his statement.

Bernie Sanders Says Police, Not Colleges, Should Handle Rape, by Robby Soave, at reason.com. I agree with Bernie Sanders, wait a second, Bernie Sanders agrees with me. Rape is a legal issue that should be handled by cops and courts. Colleges are not equipped to handle allegations of rape. The Catholic church got into trouble when they thought it was in their purview to deal with accusations of molestation by Priests. It was a legal matter. Colleges should let the legal system take care of these accusations.

Multiculturalism Trumps Protecting Women From Rape, by Dennis Prager, at realclearpolitics.com. On the lefts  ladder of political correctness, women must understand that they rank at least one rung below the idea of multiculturalism. The left divides Americans into groups whether it’s women and men, black and white, gay and straight, poor and rich etc. As these groups ultimately end up butting heads, the left has to make a choice between one group over another. Watching the left hoisted on their own petard of political correctness is actually quite enjoyable.

Little Girl Suspended For 30 Days Because She Lent her Inhaler To A Gasping Friend, by Robby Soave, at reason.com. Is there no common sense among school administrators and or teachers? At least you can go to the replay official in the NFL when an official makes a decision. This girl has to wait for a hearing on the matter. File this under to many rules and not enough common sense.

Americans Are Abandoning Political Parties, at usnews.com. People are waking up to the fact that Government intervention into our lives increases no matter which party is in power. This is a good thing for freedom.

Capitalism The Worst System, Except All Others, by Noel S. Williams, at americanthinker.com. “The left promotes perfect systems that don’t work, and denigrate systems that work but are not perfect.”

Hillary Clearly Knew She Was Sending Secret Information Via Insecure E-Mails, And Knew It Was Wrong, by John R. Lott, at johnrlott.blogspot.com. You can have your own server, but you are not allowed to use it for State business.The FBI Expands Investigation To Clinton Foundation, at thehill.com. The Clinton Foundation is just a way for Bill and Hill to launder money. I would be shocked if anything is done about Hillary’s law breaking. The rule of law doesn’t apply to rulers, it only applies to the ruled.

It’s All The Fed’s Fault”, Santelli Rages, at zerohedge.com. He says “that the notion that a group of people should control the price of money, (he means the interest rate), should be under review“. The interest rate should be determined by the billions of subjective decisions made everyday by millions of people.

How Price Controls Leads To Socialism, by Ludwig von Mises, at mises.org. Let the master explain.

Could China’s Housing Bubble Bring Down The World Economy, by Charles Hugh Smith, at oftwominds.com. This is similar to our housing bubble that burst in 2008.

 

 

 

 

 

Must Read “Leftovers”

December 8, 2015

Why The Fed Has To Raise Rates, by Charles Hugh Smith, at oftwominds.com. The US dollar is the worlds reserve currency. This puts the Fed in a situation of trying to control the domestic economy and the international economy. It can’t help both at the same time. An action that helps one, hurts the other. The Fed is trying to use it’s policies to steer the economy. It doesn’t understand that economic laws are trying to correct the Feds steering.

Bernie Sanders Is Right: The US Is Already A Socialist Country, by Ryan McMaken, at mises.org. Money quote, “..if a democratic socialist of the 19th century were to get into a time machine and travel to the modern United States, he’d be forced to exclaim “mission accomplished!”

A Resurgence of Intolerance, by Thomas Sowell, at jewishworldreview.com. College administrators surrender to students storm trooper tactics.

Free Speech, by Walter E. Williams, at jewishworldreview.com. Colleges don’t want diversity of opinion on campus. They want to ban free speech.

Learn Economic Nonsense From The Fed, by Patrick Barron, at patrickbarron.blogspot.com. Print money, print more money, print even more money.

Our Feckless Leader Apologizes For US ‘Role’ In Global Warming, at tammybruce.com. This is not from the Onion. President Obama used a quote from Martin Luther King to stress the urgency of fighting global warming.

Innocent Man Paralyzed After Being Mistook For Suspect By Cops – Struck 50 Times, at copblock.org. HT libertypenblog.blogspot.com.

CARTOONS

Political Cartoons by Glenn McCoy

Political Cartoons by Glenn McCoy