Posted tagged ‘Brexit’

Must Reads For The Week 10/26/19

October 29, 2019

“The coordination of men’s activities through central planning or through voluntary cooperation are roads going in very different directions, the first to serfdom and poverty, the second to freedom and plenty.” – F. A. Hayek

 

ECONOMICS

What’s Holding Up The Market? by Charles Hugh Smith, at oftwominds.com.    Excerpt from the article:

“…..the primary prop under stock valuations are corporate buybacks, which total in the trillions of dollars since the 08-09 Global Financial Meltdown and the Fed’s “rescue of the rich,” which continues to this day.”

“Rather than risk capital in productive investments, U.S. corporations have borrowed trillions of dollars and used the cash to buy back their own shares. The Fed’s suppression of interest rates has incentivized stock buybacks…..”

“When it’s cheap to borrow billions, the biggest bang for the buck is to use the borrowed bucks to buy back shares, which creates an illusion of growth as per-share sales and earnings both rise as shares are withdrawn from the public market.”

“….the company appears to be more profitable, and so its valuation based on its price-to-earnings ratio (P-E) adjusts higher, even tough revenues and earnings have remained stagnant.”

“Fed policies effectively replace capitalism (investing capital productively and accepting risk) with creditism, a debt-dependent speculative system that transfers risk to the Fed and the taxpayers (i.e. profits are private, losses are socialized).

“Fed policies effectively replace capitalism (investing capital productively and accepting risk) with creditism, a debt-dependent speculative system that transfers risk to the Fed and the taxpayers (i.e. profits are private, losses are socialized).”

Our Time/Labor Is Finite, But Money Is Infinite, by Charles Hugh Smith, at oftwominds.com.    Excerpt from the article:

“….creating new fiat currency and injecting it into a closed system (our financial system) controls and restrains the value of our time and labor, past, present and future.”

“The near-infinite creation of new currency devalues past labor by destroying the value of pensions and savings, devalues the value of today’s labor and of labor’s future earnings.”

“….. the purchasing power of labor’s earnings are steadily devalued, and much of the remaining earnings are devoted to servicing debt that was taken on to stay afloat financially.”

“Meanwhile, those receiving the central banks’ free money for financiers can use this new currency (i.e. low-cost credit) to buy up income-producing assets and leverage speculations that reap enormous capital gains, as assets are never allowed to drop in value because “the Fed has our backs.”

“And why does “the Fed has our backs”? Because the system implodes once debt and currency creation stop expanding.”

Adverse Consequences of California’s Class-Warfare Tax Policy, by Daniel J. Mitchell, at danieljmitchell.wordpress.com.     The laws of economics eventually win out over the plans  of central planners. High income earners are fleeing California’s high taxes and moving to no income tax states like Nevada, Texas and Florida. This was totally predictable to everyone except the central planning politicians who run California.

The NBA’s China Problem Due To Political Control Over Markets, by Richard Ebeling, at aier.org.        Excerpt from the article:

“The dilemma that the NBA and its affiliates find themselves in with the Chinese government is the latest example of why a free society is not sustainable without a functioning free market that is widely free and independent from the power of those in political authority

 

POLITICS

The Conspiracies Are Broad And Deep, at theburningplatform.com.    Excerpt from the article:

“No matter where one stands today in regards to American politics, one thing is very clear: We are in the midst of a narrative war.”

Universities Breed Anger, Ignorance, And Ingratitude, by Victor Davis Hanson, at nationalreview.com.     Excerpt from the article:

“What do widely diverse crises such as declining demography, increasing indebtedness, Generation Z’s indifference to religion and patriotism, static rates of home ownership, and a national epidemic of ignorance about American history and traditions all have in common?”

“In a word, 21st-century higher education.”

“A pernicious cycle begins even before a student enrolls. A typical college-admission application is loaded with questions to the high-school applicant about gender, equality, and bias rather than about math, language, or science achievements. How have you suffered rather than what you know and wish to learn seems more important for admission. The therapeutic mindset preps the student to consider himself a victim of cosmic forces, past and present, despite belonging to the richest, most leisured, and most technologically advanced generation in history. Without a shred of gratitude, the young student learns to blame his ancestors for what he is told is wrong in his life, without noticing how the dead made sure that almost everything around him would be an improvement over 2,500 years of Western history.”

Make The Truth Irrelevant, by Robert Gore, at straightlinelogic.com.          The Main Stream Media no longer is interested in what is true but what advances their narrative. So where do people go to find out the truth if they are fortunate enough to understand that the MSM is not seeking the truth? As busy as most people are do they have the time to seek the truth?

Why Do They Hate Him So? by Victor Davis Hanson, at amgreatness.com.     Excerpt from the article:

“….. why the unadulterated hatred? For the small number of NeverTrumpers, of course, Trump’s crudity in speech and crassness in manner nullify his accomplishments: the unattractive messenger has fouled an otherwise tolerable message.”

“Far more importantly, why do the media, academia, the entertainment and professional sports industries, the progressive Left, the administrative state, and most Democratic officeholders despise him so?”

“His brashness bothers them of course. His quirky tweets and name-calling certainly. His loud rallies, his public put-downs, and his feuding are certainly not matched by those of past presidents.”

“But the real source of their antipathy is his agenda.”

“Had Donald Trump in his first month as president declared that he was a centrist Republican ….. and promoted cap-and-trade and solar and wind federal subsidies, tabled pipeline construction and abated federal leasing for gas and oil production, stayed in the Iran nuclear deal and Paris Climate Accord, appointed judges in the tradition of John Paul Stevens and David Souter, praised the “responsible” Palestinian leaders, pursued “comprehensive immigration reform” as a euphemism for blanket amnesties, then Trump would be treated largely as a George H.W. Bush or George W. Bush: hated, of course, but not obsessively so.”

“Had Trump kept within the media and cultural sidelines by giving interviews to “60 Minutes,” speaking at the White House Correspondents’ Dinner, bringing in a few old Republican hands to run the staff or handle media relations like a David Gergen or Andrew Card, Trump would have been written off as a nice enough dunce.”

“But Trump did none of that. So, the hatred of the media, the Left, the swamp, and the celebrity industry is predicated more on the successful Trump agenda. He is systematically undoing what Barack Obama wrought,”

 

MISCELLANEOUS

Brexit Parliament Tethers Britain To A Failing Experiment, at zerohedge.com.     The EU is failing because the central planning of economic decisions leads to an eventual collapse. The history of the world is littered with failed experiments of central planning.

Merkel Admits German Multiculturalism Has “Utterly Failed”, at zerohedge.com.     She should have known this before the fact.

State Department Probe Of Clinton Emails Finds No Deliberate Mishandling Of Classified Information, by Greg Miller, at washingtonpost.com.       Excerpt from the article:

Overall, investigators said, “there was no persuasive evidence of systemic, deliberate mishandling of classified information.” The report cited “instances of classified information being inappropriately” transmitted, but noted that the vast majority of those scrutinized “were aware of security policies and did their best to implement them.

The law states that Gross Negligence and not deliberate intent is the standard for breaking this particular rule. If you are interested you can read the statute here (Laws Don’t Constrain Our Ruling Aristocracy)

Will The Democrat Party Exist After 2020 Election? at zerohedge.com. Good Question!

Will The Clintons Destroy The Democrat Party? by Charles Hugh Smith, at oftwominds.com. Better Question?

Polar Bear Expert Purged, by Craig Rucker, at cfact.org.      Excerpt from the article:

“The truth is the polar bear population is increasing.”

“It appears that telling the truth about polar bears made Dr. Susan Crockford, a respected, published Canadian zoologist, the victim of an ideological purge.  First she was removed from the University of Victoria’s speakers bureau, and then not renewed to her position as an adjunct professor.”

Quotations Of The Day On Climate Alarmism, by Mark J. Perry, at carpediemblog.    Here are a few.

– “Controlling carbon is a bureaucrat’s dream. If you control carbon, you control life.” (MP: Of course, you also control people.)

– “When an issue becomes a vital part of a political agenda, as is the case with climate, then the politically desired position becomes a goal rather than a consequence of scientific research.”

Texas Father Blocked From Stopping Gender Transition Of Son James 7, To Girl Called Luna, by Ellie Bufkin, at washingtonexaminer.com.         This is child abuse. A seven year old can’t possibly understand gender transition. Let a kid make this decision after he reaches the age of consent, not before.

6 Crazy School Responses To Parents Mad About LBGT Indoctrination, by Joy Pullmann, at thefederalist.com.       Indoctrination is the right word.

 

SATIRICAL HEADLINES

Motorcyclist Who Identifies As Bicyclist Sets Cycling World Record, at babylonbee.com.

Moloch Announced Forcing Your Kids To Become Transgender Is Acceptable Form Of Sacrifice, at babylonbee.com.

Pete Buttigieg Tries Appealing To Moderate Boomers By Announcing He Doesn’t Agree With His Choice To Be Gay But Respects His Decision, at the onion.com.

Groundbreaking Pew  Research Study Finds Pews Are Uncomfortable, at babylonbee.com.

Congress Claims Situation In Syria Is Bad But Not Bad Enough For Them To Actually Declare War, at babylonbee.com.

 

CARTOONS

From theburningplatform.

 

Political Cartoons by Gary Varvel

Political Cartoons by AF Branco

Political Cartoons by Pat Cross

Political Cartoons by Gary Varvel

Political Cartoons by Al Goodwyn

Political Cartoons by Steve Kelley

Political Cartoons by Pat Cross

 

Must Reads For The Week 4/20/19

April 22, 2019

“The coordination of men’s activities through central planning or through voluntary cooperation are roads going in very different directions, the first to serfdom and poverty, the second to freedom and plenty.” – F. A. Hayek

EARTH DAY

I have posted this video before. Haven’t found one that’s better.

 

On Earth Day, Let’s Celebrate The Benefits Of Fossil Fuels! at austrianaddict.com.

Earth Day 2016, at austrianaddict.com.

Climate Change: Religion? Economics? Science? at austrianaddict.com.

The Hidden High Cost Of Green Energy, at austrianaddict.com. Excerpt from the article: “Government politicians and bureaucrats have been pushing Green Energy for years. The reason these central planners are pushing this is because as Robert Bradley Jr. has stated, “When Government tries to pick winners and losers, it typically picks losers. Why? Because the free market consumers pick winners to leave the losers for Government.”

“Even with all the Government regulations on the fossil fuel industry, and with all the subsidies and breaks the green energy sector has received, what’s left of the free market has chosen fossil fuels. Fossil fuels produce the most efficient energy at the lowest cost, which is why the market has chosen them to power our world.”

Renewable Electricity Promos Are ‘Greenwashing’ Scams, at cfact.org. Excerpt from the article: “Michael Gillenwater, a Princeton researcher who co-developed the EPA’s carbon emissions tracking system saying that RECs (renewable energy credits) are mostly donating to a cause. “What you are doing is subsidizing the market for renewable energy.”

Big Green Inc. : The Money Fueling The Environmental Left, at institutefor enerrgyresearch.org. The only way green energy can become a viable energy source is through government mandated tax payer subsidies, and making government regulations so burdensome they force the fossil fuel industry to go out of business.  Excerpt from the article: “There are three important takeaways from the information presented in Big Green, Inc. First, environmental groups have crafted a narrative that depicts their efforts as a “David vs. Goliath” battle against those who would like to see U.S. energy policy move in a free market direction. This narrative is false. Environmental groups outpace conservative and free market groups both in terms of funding and organizational capacity. Second, Big Green, Inc. demonstrates the sweeping influence of environmental activism and provides insight into how groups target the gatekeeping institutions of our society. As the database illuminates, environmental funding has been directed toward policymakers, journalists, academic institutions, the offices of elected officials, government organizations like the Federal Emergency Management Agency, as well as international institutions such as the World Bank. Finally, Big Green, Inc. demonstrates how this complicated system of financial transfers muddles efforts to reveal the sources of this funding, which has been linked to individuals who stand to benefit financially from the adoption of various environmental policies as well as foreign actors trying to influence energy policy within the U.S.”

OTHER STUFF

Act II Of The Most Important Political Event Of The 21st Century Begins In May, by Tom Luongo, at moneyand markets.com. The masses are rising up to overthrow the political establishment. Theresa May and the rest of the insiders have worked to betray and run out the clock on Brexit in order to get another national vote on the matter. She has thumbed her nose at the people, and they are not happy. Read Farage And The Charge Of The Brexit Brigade, by Tom Luongo, at tomluongo.me.

US Government’s Net Worth Is Now Negative $75 Trillion, by Simon Black, at thedailybell.com. It doesn’t matter which party is in control of congress or the presidency. The debt increases every year. Politicians and bureaucrats are spending $1 trillion more than they confiscate from the private sector via taxation. This will have to be dealt with at some point. Although I think that point has passed long ago. Raising taxes, printing money or defaulting are their only three options. That’s three bad choices.

Republicans’ Love Of Healthcare Socialism, by Jacob G. Hornberger, at mises.org. Why do Republicans, who are supposed to be for free markets, not want to overturn Obamacare? They fear the political back lash if they repeal it. After Medicare and Medicade, Obama care is just the next incremental step towards a government run single payer system, aka socialized medicine.

Socialism: Armed Robbery And Murder Based On Delusion And Profound Ignorance, by Gorege Reisman, at mises.org. No comment needed.

Paul Hollander Explained Why Smart People Support Totalitarianism, by Alexander Riley, at thefederalist.com. Excerpt from the article: “How is it that cultural elites—people whose livelihood depends on a high level of intellectual performance—can so easily and so frequently fall into a form of political identity that involves championing ideas and regimes that produce massive human suffering?”

“His conclusion was that it is typically the combination of utopian idealism, an unrealistic view of human nature, and a deep resentment at the relative deprivation these radical intellectuals tend to suffer vis-à-vis other elites with less educational (but more economic capital) that explains the phenomenon.”

Nancy Pelosi Declares A ‘New Era’ Of Internet Regulation; E.U. Threatens Same, Nick Gillespie, at reason.com. Tyrants want to control information. The internet has been a thorn in the side of the leftist agenda. So the left is incrementally trying to stifle free speech on the internet.

China’s Social Credit System – It’s Coming To The United States, Marin Katusa, at internationalman.com. Tyrants have to control the masses. China has figured out how. Are we next?

How Empires Fall: Moral Decay, by Charles Hugh Smith, at oftwominds.com. Excerpt from the article: “When a socio-economic system institutionalizes the extralegal privileges of wealth and power, that is moral decay. When government only responds in ways that first serve the interests of entrenched insiders, that is moral decay. When the financial system is rigged to sluice income and wealth to the top of the wealth-power pyramid while stripmining the productive class below via inflation and taxes, that’s moral decay.”

System D: 2.5 Billion People Can’t Be Wrong, at zerohedge.com. The black market, or System D, accounts for 20% of the worlds economic activity. Goverrnments can’t control black markets which is why they don’t like them. This is why governments around the world want to go to a cashless society. In an unrelated article, Canada’s Illegal Marijuana Market  Thrives Despite Legalization, by Jana Pruet, at theblaze.com. Is anyone shocked that people don’t want to pay a higher price for legal pot when they can get it cheaper on the black market?

MUELLER REPORT

If you are interested in this fiasco, here are some good articles.

Behind The Obama Administration’s Shady Plan To Spy On The Trump Campaign, by Andrew McCarthy, at nypost.com.

Robert Mueller Completely Dropped The Ball With Obstruction Punt, by Andrew McCarthy, at nypost.com.

CNN Op-Ed Admits “Mueller’s Report Looks Bad Fro Obama“, at zerohedge.com.

BuzzFeed Corrects Trump-Cohen Conspiracy Article After Mueller Report Rips It To Shreds, at zerohedge.com.

How Rachel  Maddow Turned Into Infowars, by Peter Van Vuren, at theamericanconservative.com.

 

SATIRICAL HEADLINES

Teen Driver Glances Up At Road, Nearly Misses Something Cool On Instagram, at babylonbee.com.

Justice Department Sends Trump Amazon Alexa Device As Peace Offering For Spying, at babylonbee.co,.

CNN: ‘God Allowed The Mueller Report To Test Our Unshakable Faith In Collusion‘ at babylonbee.com.

Unforgivable Sin Now Thought To Be Whiteness, at babylonbee.com.

Pope Francis Mourns Excess Carbon Emissions Given Off By Notre dame Fire, at babylonbee.com.

 

CARTOONS

from theburningplatform.com.

Political Cartoons by Mike Lester

Political Cartoons by Steve Kelley

Political Cartoons by Pat Cross

Political Cartoons by Steve Kelley

 

 

Must Reads For The Week 5/6/17

May 6, 2017

FCC Chairman Ajit Pai On Why He Is Rejecting Net Neutrality Rules, at reason.com. Free speech and access to information are important tools in pushing back against the propaganda of status quo institutions. Government bureaucracies, political parties, mainstream media, the Fed and it’s banking satellites, the health system, and our education system are just a few that need their power reduced. These institutions do not like information about their skims and scams to be found out.

Why The New York Times Is Cheering On “Censorship Algorithms”, at zerohedge.com. U.S. mainstream media  wants to use algorithms to purge the internet of stories it decides is fake news. They don’t like the fact that their monopoly on information no longer exists. Every status quo institution wants to hold on to its power. Fortunately for us the internet genie is out of the bottle.

The Pope’s Favorite Straw Man: Individualism”, by Ryan McMaken, at mises.org. It is OK for the Pope to be ignorant about economics, as long as he doesn’t pontificate about economics.

ESPN Anchor Admits Network Failing Because Of Politics, at tammybruce.com. People watch sports to escape the political BS they are bombarded with everyday.

Jimmy Kimmel Opens Up About His New Born Son’s Heart Surgery And Praises Obamacare, at npr.org. Emotion is not thinking. This is why I haven’t watched any late night shows since Johnny Carson. I don’t want to be preached to by someone who is supposed to make me laugh. We are headed toward a single payer government-run healthcare system and Kimmel obviously supports this. This direction will not be stopped by the House repeal bill. Does Kimmel understand that under his desired government-run single payer system, a bureaucrat, guided by bureaucratic rules, would have decided if his son would have had the surgery or not. It wouldn’t have been his decision. Emotional pleas do not change the reality of the cost of healthcare goods and services. Government subsidies, taxes, rules and regulations created these high cost. After the costs rise, Government then passes regulations that attempt to hide or shift the costs to someone else. Getting back to a true free market in healthcare is the only way to lower healthcare costs. What are the odds of that happening?

Obamacare Implosion: Last Major Healthcare Provider Pulls Out Of Iowa Leaving No Options In 2018, at zerohedge.com. Also: Obamacare “Death Spiral”: Maryland Insurer Seeks 50% Premium Increase for 2018, at zerohedge.com. How is our centrally planned healthcare system working out?

Maduro Hands Out Free Homes, Hikes Minimum Wages To Counter Angry Protests Wave, at zerohedge.com. Free stuff and setting prices is socialist central planning. Government intervention like this is how Venezuela got into this mess in the first place. How are these policies going to improve a situation that policies like this produced?

Philly Beverage Tax Blowback: Coca Cola Sales Plunge 32%, at zerohedge.com. Who would have thought increasing the price would lead to less being consumed. This is incremental socialism.

Dakota Access Pipeline Protest Camp Is Ecological Mess. State May Sue To Recover Losses, at kfgo.com. Do as I say not as I do. These people protested the pipeline because of possible ecological disasters. In the process, they created a real ecological disaster. We should never take these kinds of people serious.

It Takes 79 Solar Workers To Produce Same Amount Of Electric Power As One Coal Worker, by Mark J. Perry, at carpediemblog. Even thought solar and wind are subsidized by tax payer dollars, they can’t match fossil fuels in producing cheap efficient energy.

Northern Arizona U. Professors Claim Student Recordings Are Part Of An Attack, at arizonadailyindependant.com. Students are pushing back against the education establishment.

Barack Obama Officially Endorses Emmanuel Macron, at zerohedge.com. Obama says the hell with influencing elections covertly. I’m going to try to influence the French election overtly. People who think that governments don’t try to influence elections are naive. Did Russia try to influence our election? Yes. Did Obama try to influence Netanyahu’s election (read here)? Yes. Did Obama try to influence the Brexit vote (read here)? Yes. Did late night shows try to influence the election? Yes. Did the mainstream media try to influence the election? Yes. Did wall street try to influence the election? Yes. Did unions try to influence the election? Yes. Did you try to influence the election? There is a big difference between trying to influence an election and tampering with the casting and counting of votes.

CARTOONS

at therightreasons.net

4jBWstA.jpg

202250.jpg

1jisRjQ.jpg

 

Must Reads For The Week 7/9/16

July 9, 2016

We Will Comment On Hillary and The Shootings In Dallas In A Few Days

Thinking Beyond Stage One, by Walter E. Williams, at jewishworldreview.com. The unintended consequences of tariffs and trade restrictions (please read this Mr. Trump). Excerpt from the article: The question that should be put to those calling for restrictions on imports is: In an effort to save jobs in one industry, do you care about or even know of its cost and disastrous effects in other industries? When Congress enacts a miracle for one group of Americans, such as steel producers, it creates a non-miracle for another group, such as steel- using producers.

What The World Looks To Someone Who Doesn’t Understand Economics, at cafehayek.com. Here are some excerpts from the article: “.….defense of the minimum wage is strong evidence that the world does indeed include people who really do believe that government-officials’ stated intentions determine the outcomes of government actions.” Always remember the limiting factor of any central planning by government, the amount of knowledge the bureaucrats can bring to bear on any situation isn’t even one tenth of the knowledge brought to bear by millions of individuals competing in the free market.

Smashing The Minimum Wage: robot Made Burgers Coming To San Francisco, at economicpolicyjournal.com. When the cost of labor is mandated to be higher than it would be under normal market conditions, Employers (economic forces) try to correct the intervention in a couple of ways. Since they have to pay more, why not pay even more to a person who can produce as much as two people. Another is to use automation to replace the now too expensive employee. Mandates don’t happen in a vacuum. Two Of The Worlds Largest Employers Are Replacing Workers With Robots.

But Why Aren’t People Buying Electric Cars? at theburning platform.com. The auto industry can’t figure out why ‘stupid’ consumers won’t buy electric cars. Could it be because the cost of owning and operating an electric car (even with all the Gov. subsidies) is higher than owning and operating a gasoline powered car? Maybe the consumer is smarter than people think. Read – Electric Car Sales Crash Into Economic Reality.

Brexit Shows Why Central Planning Won’t Work, by Jason Morgan, at mises.org. Excerpt from the article: “As Ludwig von Mises demonstrated in Human Action, it isn’t that economic interventionism and central planning might not work, it’s that they cannot work. Why? Because we simply do not have the ability to predict human action in the future, either in the immediate future, or in a more intermediate future.” Unfortunately for us the solution to the failure of these tyrants politicians and bureaucrats plans is more of the same thing that failed.

Here We Go Again: An August 2007 Redux, by David Stockman, at mises.org. When central banks try to stop market corrections by printing money via credit expansion, they end up creating bubbles that will eventually have to be liquidated. Of course they will try to stop the market correction that was a result of their attempt to stop the first market correction. The dog chasing it’s tail.

Murray Rothbard vs. EU 1989, at economicpolicyjournal.com.

 

Americas Radical Revolution, by Murray Rothbard, at mises.org. Rothbards take on the American Revolution.

This Is A Toilet” US Rowing To Use Sewage Proof Suits At Rio Olympics, at zerohedge.com. People have asked me why the Olympic committee would have the games at a place like this. Why? Because the Olympic committee is probably just as corrupt as FIFA was with the world cup. The pollution at the Beijing Olympics four years ago was probably just as bad.

Sharp Shooting Army Vet Saves Bald Eagle Stuck Upside Down In A Tree, at tammybruce.com. A young eagle was caught in a rope dangling from a tree. An army vet shot the rope and freed the eagle. The army vet was initially worried he might get in trouble for shooting at an eagle if he attempted to shoot the rope. With the way the legal system is today, I think his fears were justified.

Could Brexit Be The Modern Day “Shot Heard Round The World”?

July 1, 2016

 

Ralph Waldo Emerson’s immortalized The Minutemen who made a stand against British Tyranny at Lexington and Concord in his “Concord Hymn”. Here is the first verse:

By the rude bridge that arched the flood,

Their flag to April’s breeze unfurled,

Here once the embattled farmers stood

and fired the shot heard round the world.

Could Brexit be a seminal moment moving forward in the history of liberty? We won’t know until the future unfolds. All we know right now is the UK decided they didn’t want to be ruled by a bunch of unelected bureaucrats who usurped British sovereignty when they went beyond the EU’s original mandate.

The UK was fortunate that they were able to throw off the tyranny of the EU through the political process. They didn’t have to fire a shot. Colonial America had to physically fight to free themselves from British tyranny. The cost of “dissolving the political bands which have connected one with another” is exponentially higher if, in order for you to part ways, you have to fight as opposed to just agreeing to separate. Thank goodness the EU didn’t hadn’t become a military power or maybe this would have turned out differently.

Eight Key Takeaways from Brexit

It’s always beneficial for individuals when layers of bureaucratic regulations can be gotten rid of. This allows decisions to be made at the level closest to the individual, which means they have a better chance of working and a better chance of getting changed when they don’t.

I hope the British realize that just because they got rid of the EU central planners doesn’t mean they got rid of the central planning socialists in their Parliament. If the people want more individual liberty they will have to vote in members of Parliament who will stand for individual freedom and vote out members who have supported government solutions to economic problems. This will be difficult because voting to cut the size and scope of Government means many people will have to vote against their own self-interest. For inspiration, the British people need look no farther than Nigil Farage (click here) and Daniel Hannan (click here). These two men were British representatives in the European Parliament. There support for leaving the EU guaranteed they would lose their job. They voted against their own self-interest which is rare among “public servants”.

If the British Parliament and the Bank of England try to centrally plan the British economy through regulation, taxes and money printing, than all the people have done is exchange one set of central planners, who are far away, for a set of central planners who are local. I hope the people who voted to leave understand that if they don’t remain vigilant, their local central planners will see this as an opportunity to grab more power. All but a few politicians and bureaucrats are sucked into the gravitational black hole of Government power. It is hard to resist. No one with this kind of power should be trusted.

How will this end? No one knows. Let’s hope other countries fire political shots, against central planners, that will be heard round the world.

NIGIL FARAGE RUBS SOME SALT IN BREXIT WOUND

Some good articles about Great Britain leaving the EU.

BROVO BREXIT! by David Stockman, at davidstockmanscontracorner.com. Excerpts from the article:

The central bankers and their compatriots at the EU, IMF, White House/Treasury, OECD, G-7 and the rest of the Bubble Finance apparatus have well and truly over-played their hand. They have created a tissue of financial lies; an affront to the very laws of markets, sound money and capitalist prosperity.”

“…Brexit is a contagious political disease. In response to today’s history-shaking event, determined campaigns for Frexit, Spexit, NExit, Grexit, Italxit, Hingexit and more centrifugal political emissions will next follow.”

“Smaller government – at least in geography – is being given another chance. and that’s a very good thing  because more localized democracy everywhere and always is inimical to the rule of centralized financial elites.

WHAT NOW, BRITAIN?, by Matthew McCaffrey, at mises.org. Excerpt from the article:

Britain’s historic decision to leave the European Union represents a blow to political centralization. However, it’s also a sobering reminder that the work of advancing peace and economic freedom is never done. Britain may be extricating itself from EU political control, but if its goal is genuine progress and prosperity, it will need to do much more than simply sever its ties with Brussels.

“Without winning the battle of ideas, the gains from leaving the EU will amount to very little. In this battle, Brexit is not so much a victory as an opportunity…….Brexit offers a chance to once again spread those long-neglected ideals of peace and free trade from which all human progress derives.

EIGHT KEY TAKEAWAYS FROM BREXIT, by Dan Mitchell, at freedomandprosperity.org. Excerpts from the article;

“What an amazing vote. The people of the United Kingdom defied the supposed experts, rejected a fear-based campaign by advocates of the status quo, and declared their independence from the European Union.” Here are some takeaways, thoughts and interesting developments (click on article).”