Posted tagged ‘Cartoons’

Must Reads For The Week 5/25/19

May 27, 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

 

ECON STUFF

So Many dollars And So Much Time Has Been Wasted On Politics, Let’s Turn Our Efforts 100% Towards Economics, by Hunter Hastings, at centerforindividualism.org. Excerpt from the article:

“So much money and energy have been poured into politics in the last years and decades. What has it achieved? Dysfunction, debt, deficits, disrespect for America and its institutions, disdain for its politicians, and division between Americans.”

“Politics is poison. It is corrosive acid persistently poured onto the faces of a prostrate and powerless citizenry. It is evil, and it corrupts all the people who practice it.”

“Our proposal is for an end to politics and a replacement with the thought processes and science of economics. We’d prefer everyone to stop thinking in political terms and start thinking in economic terms. Here are five principles to begin with.”

1)Economics is about creating value for others. Politics is the destruction of value.

2)Economics operates on empathy. Politics operates on disagreement and antagonism.

3)Economics succeeds through the natural collaboration of people. Politics succeeds by exercising power over people.

4)Production is the economic measure of success. Politics is consumption without production.

5)Prices and profits are the information signals of the free market. Politicians suppress both.

Only 52 US Companies Have Been On The fortune 500 since 1955, Thanks To The Creative Destruction That Fuels Economic Prosperity, by Mark J. Perry, at carpediemblog. This shows that if companies don’t satisfy the desires of consumers with quality and price, they will either go out of business or lose market share to competitors. And this is a good thing. Which of these fortune 500 companies, Amazon, Facebook, eBay, Home Depot, Microsoft, Google, Netflix, Office Depot and Target will not be in the top 500 in 55 years?

The Subsistence Fund Is The Heart Of Economic Growth, by Frank Shostak, at mises.org. A subsistence fund is savings. Savings is what you produce above what you consume. It doesn’t matter if you save the actual good, or sell it and save the money. Here is an excerpt from the article:

“What characterizes the modern economy is its complex structure of production that seemingly generates an endless amount, and an endless variety, of goods. It seems that the production structure has, as it were, a self-generating mechanism. Careful examination, however, shows that without a key ingredient, the entire infrastructure could not have emerged. The ingredient that makes it all possible is the subsistence fund.

Envy, Inc. by Jeff Deist, at mises.org. I am going to quote the great Thomas Sowell concerning this article: “Envy used to be considered one of the seven deadly sins, before it became one of the most admired qualities under it’s new name “Social Justice.

The Balance Of Payments Myth, by Frank Shostak, at mises.org. Excerpt from the article:

“In a market economy, each individual sells goods and services for money and uses money to buy desired goods and services. The goods and services sold by an individual could be termed “export,” while the goods and services bought could be termed “import.” The record of such monetary exchanges for any period could be labeled as the trade account balance.”

“In a free market economy, individuals’ decisions regarding the selling and the buying of goods and services i.e. export and import is made voluntarily, otherwise it would not be undertaken. The emergence of an exchange between individuals implies that they expect to benefit.”

“Whenever an individual plans to import more than he exports, the shortfall will be balanced either by running down existing savings or by borrowing. The creditor who supplies the required funds does so because he expects to profit from that.”

“The current practice of lumping individual’s trade account balances into a national trade account balance is of little relevance to businesses.”

What Is The Proper Way To Study Man? by Murray N. Rothbard, at mises.org. Excerpt from the article:

“If the proper study of mankind is man, the question immediately arises: what is the proper way to study man? In recent generations, the enormous prestige gained by physics in advancing our knowledge of the material world has led to the uncritical transfer of the methods appropriate in the natural sciences to the study of actions of men………… the differences between the nature of human action and the behavior of unmotivated physical objects require different methodologies of scientific study.

…..the laws of human action (economics and, more widely, “praxeology”) cannot be “tested” by reference to statistical or historical “data.” In the behavior of physical objects, science begins by empirical observation of constant relations, and then frames tentative hypotheses of explanatory laws, these hypotheses being always subject to testing and revision by referring their deduced consequents to controlled experiments, where all but the relevant, isolated factors are held constant. This is the “scientific method” of physics. But in the study of human action, as Mises shows, the reverse is true; here, we begin by knowing the causal laws: by knowing the fact of human consciousness, of free will, of motivated, purposeful action of human beings in using given means for the attainment of desired ends. On the other hand, the facts of human history are not, as in physics, controllable and subject to testing; they are the complex and changing resultants of the interplay of human motives and actions, impinging on the natural environment and on each other. The laws of economic science, therefore, can only be constructed by starting with apodictically known axioms and deducing from them a body of necessarily true laws.

Hazlitt Predicted Economics In Two Lessons, by Jorge Besada, at mises.org. Excerpt from the article:

“Mr. Quiggin’s recent book, Economics in Two Lessons, is the latest intellectual salvo fired by a member of the mainstream economics establishment towards the legendary unabashed defenders of capitalism like Ludwig von Mises, 1974 Nobel Laureate in Economics F.A. Hayek, and of course, Henry Hazlitt himself, who von Mises once referred to as “our leader…the economic conscience of our country and of our nation.” Yet in this book he simply reveals himself to be exactly as Hazlitt predicted, as part of the usual crop of “men regarded today as brilliant economists, who deprecate saving and recommend squandering on a national scale as a way of economic salvation” and whose “ ideas which now pass for brilliant innovations and advances are in fact mere revivals of ancient errors, and a further proof of the dictum that those who are ignorant of the past are condemned to repeat it.”

 

MISCELLANEOUS STUFF

There Are A Record 1,7 Million More Job Openings Than Unemployed Workers, at zerohedge.com. My favorite stat is that job openings decreased in the federal government (-15,000).   Excerpt from the article:  “According to the BLS, the number of job openings increased for total private (+363,000) and was little changed for government. Job openings increased in a number of industries, with the largest increases in transportation, warehousing, and utilities (+87,000), construction (+73,000), and real estate and rental and leasing (+57,000). Job openings decreased in federal government (-15,000).”

Mike ‘Dirty Jobs’ Rowe Routs America’s School System: “We’re Obsessed With Credentialing, Not Education, at zerohedge.com. The great Thomas Sowell considers many college degrees to be nothing more than, “Credentialed Ignorance.”

“Dystopian Approach”: SEC Blesses  Master Card’s Idea Of Cutting Off Customers With Right-Wing Views, at zerohedge.com.  Excerpt from the article:

“Mastercard is not the only holder of purse-strings that is mulling the selective banning of individuals from their services ad funds.”

“Patreon and PayPal have previously barred individuals from receiving payments using their platforms, due to their extreme views.”

“But unlike crowdfunding platforms, being cut off from one of the leading American multinational financial services corporations will, most likely, have a much greater impact on the financial stability of an individual of a group, especially after the US Securities and Exchange Commission reportedly blessed MasterCard’s undertaking.”

“By doing this, Swann believes the government granted “big corporations the ability to control what voices are heard.”

“The issue with such an approach, the investigative journalist argues, would lead to a wider crackdown on financial payments to anyone who the government would see as unfavorable.”

California Mulls Tax Breaks For Movie Studios That Leave Strict Pro-Life States, at zerohedge.com. The Roe decision in 1973 was a solution in search of a problem. Back then their wasn’t conflict because each state had it’s own abortion law, and if you didn’t like it, you could try to change the law inside that particular state or you could vote with you feet and move. The only thing the one size fits all Roe decision has done is create more conflict where it didn’t exist.

Socialists Set To Take-Over California Democratic Party, at targetliberty.com. The incremental movement toward socialist central planning in California is almost complete. Lets not let this disease spread any farther in our country than it already has.

Body Cam Video They Don’t Want You To See: Arizona Cop Takes Down Knife-Wielding Jihadist, at zerohedge.com. Have you seen this one in the main stream media? I didn’t think so. It doesn’t fit the media narrative.

Children At Philadelphia Muslim Society Say They Will: Chop Off Heads” For Allah, at zerohedge.com. Have you seen this one in the MSM? If it doesn’t fit, you must ignore it.

 

GUN CONTROL?

With Gun Ban Not Working, Politicians In Britain Want To Ban Knives Nationwide, at zerohedge.com. Maybe they should pass a law banning murder! Oh! They already have that law.

Underwear-Clad Florida Man Tries To Break Into Elderly Woman’s Car, then Meets Her Baseball Bat: by Nate Madden, at theblaze.com. The perpetrator wants assault bats banned.

Operation Choke-Point 2.0? Gun Control Advocates Urge Banks To Refuse Service To Gun Companies, at zerohedge.com. Gun grabbers will use every angle to undermine the Second Amendment.

Armed Women Calls 911, Locks Herself In Closet After Intruder Kicks Down Back Door. He Shouldn’t have Taken Another Step, by Dave Urbanski, at theblaze.com. She did everything possible to not have to shoot this guy.

FEEL GOOD VIDEO OF THE DAY: Crazy Man Attempts To Attack A Lady But She Happened To Have A Gun And Shot Him, at theburningplatform.com. The guy thought he had an easy mark. OOPS

Armed Man Kicks Down Front Door Of House In Broad Daylight. Armed Homeowner Makes Intruder Pay Ultimate Price. by Dave Urbanski, at theblaze.com. Actions have consequences.

Meanwhile In Chicago: Armed Man Pulls Out His Handgun To Ward Off Two Younger Men Who Appear To Attack Him, at theburningplatform.com. He didn’t shoot either of these attackers. Do you think a cop would have shot both of them?

Store Clerk Fired After Pulling Gun In Self-Defense Against Hatchet-Wielding Robber, by Caleb Howe, at theblaze.com. This is not a satirical story from the Onion of The Babylon Bee. The clerk got fired for having a weapon.

Here is what the president of Plaid Pantry In Oak Grove said: “…the stores have “a zero tolerance for weapons and the clerk is no longer employed there. He said employees are trained to de-escalate robbery situations to avoid injury.”

I’m not kidding. He really said that. Did the president’s statement unknowingly increase the incentive for criminals to rob Plaid Pantries? What kind of individuals will now be incentivized to work for the Plaid Pantry in the future?

 

SATIRICAL HEADLINES

Long-Running Political Lecture Show ‘Saturday Night Live’ Will Shift To Comedy Next Season, at thebabylonbee.com.

Trump Announces More Aid For Farmers Hurt By Tariffs Passed To Raise Money For Aid Used For Farmers Hurt By Previous Tariffs, at thebabylonbee.com.

Gay Man Miraculously Turned Straight By Single Bite Of Chick-Fil-A, at thebabylonbee.com.

Evangelical Mistaken For Mormon After Treating Everyone With Kindness And Respect, at thebabylonbee.com.

Elizabeth Warren Surprises Grads By Announcing She Will Sharply Increase Their Taxes To Pay For Their Student Loans, at babylonbee.com.

In Move To Ban Charter Schools, Bernie Sanders Introduces ‘No Child Left Ahead Act’, at thebabylonbee.com.

 

CARTOONS

 

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Must Reads For The Week 11/10/18

November 11, 2018

DEMOCRAT INTERFERENCE IN FLORIDA ELECTION VOTE COUNT

JOSEPH STALIN – “IT’S NOT THE PEOPLE WHO VOTE THAT COUNT, IT’S THE PEOPLE WHO COUNT THE VOTES.”

Russian influence vs. Democrat Party corruption. What is happening in Florida is not an attempt to “influence” how people will vote. It is interference after the votes have been cast. Politicians, main stream media, political action committees, you and me try to influence people’s votes. It is part of the political process. Tampering with votes after the fact is illegal.

Trump Warns: Dems Are Sending “Their Best election-Stealing Lawyer” To Florida, at zerohedge.com. Haven’t we seen this movie before? It’s Broward and Palm Beach counties attempted fraud in Bush v Gore all over again.

Broward County Is An Embarrassment, And The Potential For A Stolen Florida Election Is Real, by Ben Demenech, at thefederalist.com. Bureaucratic incompetence? Or bureaucratic corruption?

In Palm Beach County, Democrats Argue To Count Votes Case By Non-Citizens, by D.D. McAllister, at thefederalist.com. If you follow the rule of law, this is simple. Someone who is not a citizen, is not allowed to vote. If they do vote, their vote doesn’t count.

Florida Vote Scandal Coverage Shows Media-Democrat Complicity, Again, by Mollie Hemmingway, at thefederalist.com. Shocker! The main stream media has picked sides on this issue.

OTHER ELECTION THOUGHTS

The Midterm Election Showed Why We Need More States, by Tho Bishop, at mises.org. Excerpt from the article: “….there is one election night conclusion we can be certain about: America needs more states……While the idea may seem racical, smaller political units are the best way of addressing some of the growing cultural divides that thee media loves to talk about.”

“Of course none of these structural changes will help solve the issues America faces without an ideological change in favor of free markets and individual liberty. Still….it is worthwhile to question the physical size of political units in the US.

Three Reasons Why Elections Don’t Matter, at theburningplatform.com. This is a great summation of what happened in the mid-term election. The three reasons listed why elections don’t matter are: 1) The swamp will never be drained. 2) The inflating debt bubble. 3) Technocracy rises: Big brother cometh.  Although I agree the three reasons are difficult obstacles to overcome, elections do matter. But as the article above states: “Nothing will help solve the issues America faces without an ideological change in favor of free markets and individual liberty.” It takes time to change individuals minds about how the world really works. Especially when the the education system, the main stream media, and our cultural and Hollywood elites have been pushing socialist central planning and political correctness for decades. Change will come one of two ways. Ballots or bullets. Change by ballots has a much lower cost but it takes time. Remember where we were in 2009? Nobody thought then that we would be where we are today. And it has been just 10 years later. Change happens one step at a time.

OTHER STUFF

White House Pulls CNN’s Jim Acosta’s Media Credentials, at zerohedge.com. Jim Acosta acts like the little kid in the store that won’t mind his mother. The little kid needs a swift kick in the rear end.

Three Reasons Parents Shouldn’t Force Kids To Share Their Toys, by Emma Elliot Freire, at fee.org. This is an interesting article. Here is an excerpt: “Giving your child a sibling is the best way to teach them about sharing. Your kid learns quickly that the world does not revolve around them, and it requires no extra pedagogical effort on your part.

Seven Top Takeaways From Grassley’s Report On Brett Kavanaugh’s Accusers, by Margot Cleveland, at thefederalist.com. This was all politics. Meaning none of it was true.

Mother Of Three Fires Her Gun After Crook Kicks Down Her Door: “I Would’ve Killed Him If I Had To”, at theblaze.com. A defensive use of a firearm by a mother protecting her three kids.

Colorado Man Receives Major Settlement After Police Beat, Pepper Spray, and Repeatedly Tase Him, at theblaze.com. The cops thought he was drunk. But he was having a diabetic seizure.

Major Math Error Puts Widely Cited Global Warming Study On Ice, at zerohedge.com. Was it a accidental math error that wasn’t caught before the study was published? Or was the math error purposeful to make the study show what researchers wanted?

Nine Years Into Common Core, Test Scores Are Down, indoctrination Up, by Joy Pullmann, at thefederalist.com. The sad thing about this is that it will take a lot of effort by parents to get rid of Common Core. Why? Because teaching our kids is purely political and has been for over 50 years.

SATIRICAL HEADLINES

Florida Recount Finally Wraps Up, Al Gore Declared President, at babylonbee.com.

Nation Torn Apart By Routine Election Starting To Wonder If Government May Be Too Powerful, at babylonbee.com.

Jim Acosta Late For Press conference Again After Staring At Self In Mirror For Three Hours, at babylonbee.com.

Nazis Clarify They’re Only Calling For ‘Democratic Nazism’, at babylonbee.com

 

CARTOONS

Political Cartoons by Bob Gorrell

 

Political Cartoons by Mike Lester

Must Reads For The Week 9/22/18

September 22, 2018

Landmark Victory For Institute For Justice, Which deserves Nobel Peace Prize For Its Ongoing Legal Efforts Advancing Human Rights, by Mark J. Perry, at carpediemblog. This is a victory for the individual in his fight against Government’s illegal use of force. Civil asset forfeiture laws are violations of our individual rights as spelled out in Fourth, Fifth, Sixth and Fourteenth Amendments of the Constitution. The Institute for Justice does great work helping individuals fight against the tyranny of government. We should all celebrate this victory because it is not just a victory for this particular individual. It is a victory for all individuals.

Gov. Brown Signs Law To Limit Plastic Straws In Full-Service Restaurants, at sacramento.cbslocal.com. Starting next year it will be illegal for full service restaurants to give a customer a plastic straw unless the customer asks for one. Do you think if crazy environmentalists thought that the use of straws would be good for the environment, that California would probably have a law making it illegal to drink in a restaurant without a straw?

Private Jet Traffic Increased 30 Percent During California Climate Conference, at targetliberty.com. Do as I say. Not as I do. How much CO2 (aka plant food) are these virtue signalling phonies pumping into the atmosphere by flying private jets instead of flying United with the “rabble”.

The eTron Con, at ericpetersautos.com. Car companies worship at the altar of electric vehicles. Will these companies ultimately be sacrificed on this EV altar? Great article about the EV scam and its cost.

Fraternity Holds Charity Fundraiser, Gets Accused Of ‘Cultural Appropriation’, by Grace Gottshling, at campusreform.org. Phi Gamma Delta fraternity wore grass skirts during a charitable fund-raiser. The Interfraternity Community, released a statement saying Phi Gamma Delta was guilty of cultural appropriation. Here is the statement: “Their actions represent clear examples of cultural appropriation which does not align with the values of the Interfraternity Community, or Washington State University……The Interfraternity Council condemns these and all acts of cultural appropriation regardless of the intention behind them.”  So anyone who drinks beer can be accused of appropriating German culture? Why do we listen to such nonsense?

“Terrifying”: New Documents Reveal Secret Govt Rules For Spying On US Journalists, at zerohedge.com. The main stream media doesn’t cover the fact that the FBI used The FISA court to surveil Trump because they want to get rid of him by any means necessary. What they don’t understand is the means used by government insiders to get Trump can also be used against them. Don’t these all knowing journalists know that Obama’s former Attorney General Eric Holder spelled out to the FBI in a memo that the AG will sign off on FISA applications to surveil “known media entities or known members of the media.” The MSM doesn’t understand that their ‘freedom of the press’, guaranteed in the constitution, only exists if Government allows it to exist. By not covering FBI and DOJ corruption related to Trump they are allowing the hangman to use a noose that could eventually be put around their neck.

40% Of Venezuela Stores Go Bust After 3,000% Minimum Wage Hike, at zerohedge.com. Government mandates don’t happen in a vacuum. Incentives created by these policies have consequences. It doesn’t matter if the mandated minimum wage is $1000 dollars an hour if no businesses exist.

Backfire Economics: Trump’s Trade War Inflicts More ‘Collateral Damage’ and ‘Friendly Fire’ On US Firms, Consumers And Hurricane Victims, by Mark J. Perry, at carpediemblog. Here are examples of some of the consequences of Trumps trade policies and tariffs. Economic laws are always in play no matter what the intentions are of a particular Government policy.

Socialism Isn’t Even Suited For Dogs, at economicpolicyjournal.com. Because of the printing press, 2.2 pounds of dog food costs roughly three weeks salary at minimum-wage. Since people in Venezuela can’t afford to feed their dogs, they are releasing their pets (under the possibility the dogs could be caught and eaten by starving Venezuelans).

Visualizing How America Uses Its Land In 13 Illustrations, at zerohedge.com. Of the roughly 1.918 billion acres of land in the U.S.. Only 69+ million acres are urban. We are not running out of land.

SATIRICAL HEADLINES

CNN Retracts Completely Factual Story, Admits It Did Not Reflect Their Editorial Standards, at babylonbee.com.

Socialist Leaders Clarify: “We Only Want Socialism For Everyone Else‘, at babylonbee.com.

World History Professor Opens Class With Trigger Warning For Socialists Students, at babylonbee.com.

Is Football Bad For The NFL? at theonion.com.

CARTOONS

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Must Reads For The Week 9/1/18

September 3, 2018

THE COLLEGE SCAM

What You Really Pay For In College: Credentials, Not Education, by Doug French at mises.org. Traditionally, getting a high priced piece of paper, aka a college degree, was important to employers. It showed “that students have the discipline to suffer through the boredom to conform to what society expects and what employers want.” The changing economy and the high cost of college education is changing this traditional way of looking at employees.

11 Rage-Inducing Facts About America’s Wildly Out-Of Control Student Loan Debt Bubble, at zerohedge.co. Here are three important points from the article.

#1 The student loan debt bubble has now grown to 1.4 trillion dollars.

#2 In 2007, the total amount of student loan debt in the U.S. was just 545 billion dollars.

#9 From 2007 through 2017. “college tuition costs jumped 63 percent, school housing surged 51 percent and the price of textbooks by 88 percent.”

The increase of borrowed money being used for college education is the reason the costs of college education has increased so much. It is a bubble.

No College, No Problem: Silicon Valley’s Student Loan Solution, at zerohedge.com. Many companies are beginning to rethink the importance of a college education as a requirement for employment. This is a good trend.

OTHER STUFF

Boy Punished For Calling His Teacher Ma’am’And A Mother Was Investigated For Letting Her 8 Year-Old Walk The Dog, by Micheal Snyder, at lewrockwell.com. This is not satire from The Onion. It is just two examples of public school education insanity.

Crushing The “Blame Climate Change From Wildfires” Narrative In 1 Simple Chart, at zerohedge.com. More acreage was burned in the early 20th century than today and it is not even close.

Immigrants and Disease, at theburnigplatform.com. By law immigrants and refugees are mandated to go through medical screening. If they don’t pass, they are not allowed to enter. But it is impossible to medically screen illegal immigrants.

The Looming Threat of Video Game Regulation, by Matthew McCaffrey, at mises.org.  Here are the two reasons from the article that regulation of all industries takes place. “1) Politicians and regulators trying to control and manage the emerging industry. 2) Industry leaders using regulation to their own advantage and to the detriment of competitors.”

Facebook Engineer’s Stunning admission” “We Tear Down Posters Welcoming Trump Supporters”, at zerohedge.com. This is an admission of what we already knew. This is not an infringement on free speech because these are private companies. Free speech shall not be infringed by Congress as stated in the First Amendment. The answer is for an entrepreneur to supply a Facebook like platform that is truly uncensored.

The Energy Race Is On (Improving Fossil Fuels vs. Political Favorites), by Greg Rhemke at masterresource.org. This is really good. It is a must read for a reason.

Chart Of The Day: Oil Output In Texas vs. Venezuela, 1994-2018, by Mark J. Perry, at carpediemblog. This is really a contrast between socialism and capitalism.

SATIRICAL HEADLINES

Socialists Gather On Labor Day To Protest Concept Of Labor, at babylonbee.com.

Liberal Activist Explains Notion Of Tolerance To Man She Just Called A “Worthless [Expletive]’, at babylonbee.com.

Ocasio-Cortez Praises Venezuela For Making Everyone A Millionaire Through Hyperinflation, at babylonbee.com.

Ocasio-Cortez Severely Burned After Accidentally Touching Book On Basic Economics, at babylonbee.com.

CARTOONS

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Must Reads For The Week 2/17/18

February 19, 2018

OPEC Future In Doubt As US Production, Fig Count Surge, at zerohedge.com. America’s shale revolution has changed the world oil market. OPEC wants to cut production to “balance the market”. What “balancing the market” means to OPEC is increased prices. Unfortunately for OPEC American shale is balancing the market. When the price of oil rises, because of OPEC’s production cuts, it now becomes profitable for frackers to produce more oil which ultimately lowers the price.

Inconvenient Energy Fact Of The Day, by Mark J. Perry, at carpediemblog. Solar and wind are going to provide a small percentage of of the worlds energy for the foreseeable future. So why are we wasting tax dollars to subsidize these non productive energy sources? It makes no sense outside of the political arena.

The Boston Globe Editorial Board Unloads On The ‘Pipeline Absolutism’ Of Environmentalists, by Mark J. Perry, at carpediemblog.com. Once again environmentalists activities are increasing the cost of energy. Excerpt from the article: “Why is LNG coming 4,500 miles for Boston from the Russian Arctic when the US is the world’s No.1 natural gas producer? The simple answer to the question is a lack of natural gas pipelines in New England due to the “pipeline absolutism” of anti-fossil fuel environmentalists who have blocked all new pipeline expansions…

SpaceX CEO Elon Musk Updates Mars Colonization Plans, by Jason Davis, at planetary.org. I’m going to throw a wrench in the spokes of Elon’s plan. How will this colony be supplied with food, water, oxygen, and other supplies to sustain life on Mars? Since there are no Walmarts on Mars, these life sustaining supplies will have to be continually transported from Earth to Mars. Is this logistical nightmare even possible? And what would the cost be (probably to tax payers) if it was possible?

Why Don’t Schools Use The Most Effective Teaching Methods? By Joy Pullmann, at thefederalist.com. The simple answer is because our educational system is essentially a monopoly. Excerpt from the article: “ …and monopolies create very powerful special interests whose sole purpose is to protect those interests. And they undermine the public’s interests using the public’s money. In short, to get U.S. public schools to actively care about better instruction, what we need is some massive trust-busting.”

Loan Shark Nation: Forcing Our Kids To Choose Between Student Loans and Everything Else, at zerohedge.com. The result of Government taking over the student loan business is the cost of college has increased dramatically. Forcing our kids into debt serfdom.

How To Kill 300,000 Americans With Opioids, by Trey Goff, at mises.org. This is a great article explaining the unintended consequences of government intervention.

FBI Admits “Protocols Were Not Followed” Before Florida Massacre, at zerohedge.com. This isn’t the first time the FBI missed the warning signs of mass shooters and terrorists. But here are few points. 1) It is easier to connect the dots after the fact than it is before the fact. 2) I didn’t think we are allowed to profile, are we? 3) I think we all agree it is a good idea to keep guns out of the hands of people with mental problems.

CIA Argues The Public Can’t See Classified Information It Has Already Leaked To Favored Reporters, at zerohedge.com. Our “public servants” are really self servants.

The Media Stopped Reporting The Russia Collusion Story Because They Helped Create It, by Lee Smith, at thefederalist.com. Excerpt from the article: “But the first vehicles of the Russiagate campaign were not bloggers or recent J-school grads lacking wisdom or guidance to wave off a piece of patent nonsense. They were journalists at the top of their profession—editors-in-chief, columnists, specialists in precisely the subjects that the dossier alleges to treat: foreign policy and national security. They didn’t get fooled. They volunteered their reputations to perpetrate a hoax on the American public.

 

CARTOONS

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Political Cartoons by Chip Bok

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Must Reads For The Week 12/16/17

December 17, 2017

Pentagon To Undergo First Ever Audit After Decades Of Sloppy Accounting And Missing Trillions, at zerohedge.com. Trying to make government agencies more efficient is a fool’s errand. Government agencies have no incentives to be efficient. If you want to cut spending by making bureaucracies more efficient you have put the cart before the horse. The only way to constrain spending is to cut their budget. Cutting their budget by say 25% would reveal what is and is not important to the Pentagon. They will cut spending on what is least important. If you cut their budget another 10%, the next wasteful marginal activities will be revealed. The Pentagon can’t spend what it doesn’t have.

Net Neutrality And The Problem With “Experts“, by Ryan McMaken, at mises.org. The term “Net Neutrality” sounds just as good as “The Affordable Care Act”. No one could be against these policies could they? Progressives are great at making up clever names for their regulations. Unfortunately the results of these regulations are the direct opposite of their names. Net Neutrality is about individuals in government (the deep state) wanting to control the internet. The insiders knew they couldn’t get their regulation passed legislatively, so they used the FCC to implement the policies. If you are for “Net Neutrality” I have one question for you. If the internet, with all its complexity, came to exist today without government regulations, will it continue its growth under government regulations?

Here is a quote from George Gilder: “Socialist and totalitarian Governments are doomed to support the past. Because creativity is unpredictable, it is also uncontrollable. If the politicians want to have central planning and command, they cannot have dynamism and life. A managed economy is almost by definition a barren one.

Harvard Business School Professor: Half Of US Colleges Will Be Bankrupt In 10 to 15 years, by Abigail Hess, at cnbc.com. I have said for years that we can cut the cost of educating high school and college students through online education. This is an example of the creative destruction of the market. Colleges will try to protect their monopoly position by lobbying government to decertify online education and use taxpayer money to prop up their failing business model. Will the market (decisions made by individuals) win, or will individuals in government intervene?

Germany Ends Tesla Model S Subsidies In Massive Blow To Company’s Government Funded Business Plan, at zerohedge.com. Elon Musk is a scam artist. He has become wealthy by convincing individuals in government to give his company tax payer dollars directly and through subsidies for buyers of his product. Under normal market conditions consumers wouldn’t be as ‘charitable’ with their own money. Electric cars may be the cars of the future. That future could come to exist incrementally as the unsubsidized cost of electric cars becomes less than the cost of gas-powered cars. But the cost isn’t the only factor. The electric car must also be a better product according to the desires of consumers. And each consumers desires are subjective, with cost being just one factor.

Ban The Bike! How Cities Made A Huge Mistake In Promoting Cycling, by Lawrence Solomon, at businessfinancialpost.com. Here is another example of government central planning creating economic inefficiency. Using scarce resources for non productive activities is what government does best. Free markets (what results when people are allowed to produce, exchange, consume and save what they want according to they subjectively value) channel scarce resources to their most productive uses. This is why bike advocacy groups spend their time and money lobbying government to get what they want, because markets would constrain their plans.

John Cochrane On Surge Pricing, Economic Freedom And The Sad Paradox Of Free Markets…. by Mark J. Perry, at carpediemblog. Raising the price of tolls during rush hour is a free market solution (trade-off) to traffic congestion during rush hour. Toll road I-66, in the Virginia suburb of D.C., has increased tolls during rush hour to relieve congestion. Of course everyone is complaining. Which means politicians are trying to step in and get these ‘unfair’ prices reduced. People don’t understand how markets work. But they seem to believe that politicians using government power can conger up a solution to an economic ‘problem’. The laws of economics are still in play even though government tries to wish them out of existence. The reality is there is more demand for road space during rush hour than what exist to handle this demand. During normal times of the day there is less demand for this same road space. We could call it an over-supply of road space. One ‘solution’ would be to supply enough road space to handle rush hour demand. But at what cost? The new supply of road space would be a waste of scarce resources at all other times except rush hour. Raising tolls during rush hour is not a solution as much as it is a trade-off. The scarce resource of road space can be rationed through price increases. The increased price of the toll allows individuals to make the trade-off between purchasing higher priced road space now, or lower priced road space at some other time.

Here is an excerpt from the article: “It does not occur to anyone that you’re really not paying tolls to the government. You are paying your fellow drivers to stay home, carpool, come later, so that they will get out of your way and let you sail to work.”

“The reaction to Uber surge pricing is a similar test. Economists love it. You mean rather than sit in the rain and wait, I can pay more, compensate someone else for waiting, encourage a driver to skip dinner, and take me where I want to go, now? I’m in. Or, I can save some money and to later. Everyone else hates it. and gets cities to ban it. And we to back to waiting.”

“The fundamental reason so many markets are not free, and so dysfunctional, is that the voters of our democracy don’t really want freedom. Freedom will come when we want it, when we insist on it, when the average voter sees a free market solution rather than endless controls as the answer to real world problems. The sad paradox of free markets is that free markets don’t need people to understand them to work. But democracy does require voters to understand how things work.

Is The Oil Glut Set To Return? at zerohedge.com. Simple supply and demand. The American fracking industry is what is keeping the price of oil from increasing. OPEC’s attempt to increase oil prices by constricting what they will supply won’t work. As soon as the price increases, because of their production cuts, it becomes profitable for American fracking to increase production. This in turn drives the price back down. The only reason oil is staying around $50 a barrel is because the price rose to an average of $100 a barrel from 2008 to 2014. This price made it profitable to start fracking. During this time period the fracking industry found more cost efficient ways to extract the oil. Today they can pump oil profitably at prices above $40. Free market prices work.

Chicken Wing Spot Prices Collapse 30% As NFL Protests Take Their Toll, at zerohedge.com. Not only are fewer people going to NFL games. Fewer people are going to wing restaurants to watch NFL games. Politicizing the NFL has economic consequences.

Is Free Trade A Problem If Some People Use Their Greater Freedom To Eat More Than Intellectuals Think Wise? by Don Boudreaux, at cafehayek.com. Free trade increases the number of choices for consumers. This is a good thing, unless you are a central planner. Central planners don’t like free trade if the choices people make don’t coincide with what the planners think is wise.

NRA-Republican Backed Bill Makes It Easier For Feds To Disarm Citizens, by Tho Bishop, at mises.org. Excerpt from the article: “While Republicans and supporters of the NRA may not fear the Trump Administration coming after their guns, it is obviously reckless to grant additional power and resources to future administrative states that may be quite hostile to the right to gun ownership. To put it simply, there is never a good reason to give Federal agencies the power the revoke an individual’s ability to lawfully purchase a weapon without due process.”

Can We Be Honest About Women? by D.C. McAllister, at thefederalist.com. With all the allegations of sexual harassment, maybe we need to step back and take a look at the reality of human nature.

CARTOONS, from therightreason.net.

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