Posted tagged ‘Cartoons’

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

Political Cartoons by Gary McCoy

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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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Must Reads For The Week 11/25/17

November 25, 2017

The Public Are All Alone: Understanding How The Enemy Of Your Enemy Is Not Your Friend, at zerohedge.com. Big government insiders in both parties, along with the mainstream media, the Hollywood elite, and the education establishment are the enemies of individual liberty. These people are no longer hiding the fact that they want to use the force of big government to centrally plan your life and my life. The election of Trump was a push back against the establishment. Even though Trump is not a small government guy, he is not a part of the establishment. The insiders in the establishment don’t want an outsider in their club. Being an outsider he doesn’t know that Republicans are supposed to surrender their position after any criticism by insiders (even his own parties insiders). This is why Trump is driving the establishment out of their minds. He doesn’t play the role like establishment Republicans. He doesn’t concede an inch when attacked by the establishment. He doubles down. He gives them a taste of their own medicine. Trumps presidency will be a success if all it does is open all of the outsiders eyes to the reality of the insiders game. I think outsiders are beginning to see this because of how insane the insiders react to everything Trump says or does. Defeating the establishment, aka draining the swamp, takes someone who doesn’t care what the establishment thinks. Insiders always care. Trump doesn’t!

Trumps Constructive Chaos, at victorhanson.com. Excerpt from the article: “Polls, to the extent they retain any credibility, are ambiguous about Trump’s chaotic leadership style. They show that the public is in agreement with Trump on most of these hot button issues, while not being especially fond of Trump himself—perhaps in the manner that patients may fear their oncologists but ultimately appreciate their treatments for metastasizing cancers.”

“So is Trump creating chaos, or simply cleaning up the political and cultural messes of the past decade—or both? The answer is complex. To achieve perceived noble ends, the Obama administration often used dubious means, mostly through executive orders and by deceiving the public about Obamacare, illegal immigration, and the Iran deal. Now, Trump is using Obama’s own tools to reverse what Obama wrought.”

“The Obama presidency was atypical in many ways—even when compared to other Democratic administrations, such as Bill Clinton’s. Obama tried to move the country hard to the left and, in the process, radicalized and then eroded the Democratic Party at the local, state, and federal levels. And with the loss of a once solidly Democratic Congress, Obama was reduced to running the government by fiat and edict rather than through legislative compromise and cooperation.”

“The national debt doubled to $20 trillion. The economy stagnated. Labor non-participation rates soared. Near zero interest rates wiped out the purchasing power of middle-class savers. Scandals at the IRS, the GSA, and the VA abounded; the Secret Service, the FBI, and the Justice Department were all politicized. The country divided further along racial and ethnic lines.”

“……To address these challenges, Trump could have tried carefully to patch things up in a makeshift and incremental fashion. Or he could have found such ad hoc mending largely a waste of time, and instead found a better solution in slashing and burning the mess that was left, in order to create new policies from scratch. Trump chose the latter option—and predictably, as the old order declined chaos has followed ever since.”

The Demise Of Dissent: Why The Web Is Becoming Homogenized, by Charles Hugh Smith, at oftwominds.com. Excerpt from the article: “We’ve all heard that the problem with the web is fake news, i.e. unsubstantiated or erroneous content that’s designed to mislead or sow confusion. The problem isn’t just fake news – it’s the homogenization of the web, that is, the elimination of marginalization of independent voices of skepticism and dissent…..In other words, we’ll be left with officially generated and sanctioned fake news and “approved” dissent.

This Obamacare Enrollment Assistance Group Got $200,000 In Federal Funds, Enrolled 1 Person, at zerohedge.com. This reminds me of one of my favorite quotes by Thomas Sowell: “The first rule of economics is scarcity. There is not enough of anything to satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics.” Politicians and bureaucrats forget the simple fact that healthcare is an economic good. It is controlled by the laws of economics, not the wishes of utopian central planners.

30 Million Americans Were Just Diagnosed With High Blood Pressure, Here’s Why….. at zerohedge.com. The American College of Cardiology has changed the definition of what constitutes high blood pressure. This will make big Pharma happy. More hypertension medication will be sold. Which begs the question; Which members of the American College of Cardiology invested in pharmaceutical companies before they changed the definition?

Always Ready, Always There, by Maggie Koerth Baker, at fivethirtyeight.com. This is a in-depth analysis of suicides in the military. Excerpt from the article: “When service members die by suicide, their deaths look a lot like civilian suicides – the same people, the same risk predictors, and the same means.

Are Electric Cars As Clean As They Seem?, at zerohedge.com. Here are the list of environmental problems related to electric cars that are usually over looked. Excerpt from the article: “…pollution issues from the extraction of rare earth minerals, the disposal of lithium-ion batteries, and the sourcing of the energy that powers charging stations….plague the future of the green argument for electric vehicles.”

Germany’s “Green Energy” Dream Is Falling Apart, at cfact.org. The economic realities of mandating high cost green energy and phasing out less expensive carbon based energy has political consequences. Just ask Angela Merkel.

Are You Paying For A Colossal Fraud? by Joseph Mercola, at lewrockwell.com. Is bottled water cleaner than tap water? What about the cost of tap water compared to bottled water? Excerpt from the article: “Water sold in a bottlee may be labeled distilled, spring, mineral, artesian or sparkling to name a few. More than 17 Million barrels of oil are used in the manufacture of bottled water and 50 billion water bottles are used and discarded every year. The cost of bottled water may be as much as 2,000 times more than tap water; eight glasses of water each day from your tap costs approximately 49 cents per year while the same amount in bottled water costs $1,400.”

 

CARTOONS

from therightreason.net.

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Must Reads For The Week 9/16/17

September 16, 2017

 

Obamacare Repeal Is Dead. Here Come The Bailouts, at reason.com, by Peter Suderman, at reason.com. Outside of the freedom caucus, Republicans never really wanted to get rid of Obamacare. Excerpt from the article: Even if congressional Republicans wanted to take another shot at rewriting the health law, they have little time left, thanks to Senate rules: The reconciliation instructions that would have allowed the bill to pass in the upper chamber with a simple majority expire at the end of the month.” Socialists of both parties want Obamacare.

If You Can’t Beat ‘Em ….Ban Em’, at ericpetersautos.com. If you can’t sell enough electric cars even with tax payer subsidies, what is your next move? Get bureaucrats to use government power to ban the sale of cars with internal combustion engines. Why would you mandate a more expensive way to travel and ban a less expensive way to travel? The only way for an economy to become and remain wealthy is increases in productivity. Banning more productive methode is how an economy becomes poorer.

Elon Musk Magically Extends Battery Life Of Teslas Fleeing Irma, at zerohedge.com. Excerpt from the article: “Tesla CEO Elon Musk has magically unlocked the batteries of every Tesla in Florida to maximize the distance that people fleeing from Hurricane Irma can travel before stopping to refuel at one of the company’s “superstation” charging centers….this is either a generous act of charity or an unnerving example of the control Tesla exercises over the vehicles it producers, or perhaps both.”

Trucker: ‘Overregulation’ Looks Like Deciding When I Work, Eat, And Sleep, by Matthew Garnett at thefederalist.com. An example of government central planners knowing more about trucking than the people who actually drive the rigs. Government busybodies know no bounds.

Republicans Furious After Trump’s DOJ Declines To Charge Lois Lerner, at zerohedge.com. This is why there is a breakdown of the rule of law. The rules only apply to us peons and not to our betters in the ruling elite.

FDA: To Keep Your Kid From Peanut Allergy, Introduce Peanuts Early, by Joy Pullman, at thefederalist.com. Try to protect kids from germs and allergens when they are young makes them more susceptible as they grow older. Don’t try to be smarter than the human immune system. It has a purpose. Let it work.

Hey Advertisers: The Data-Mining Emperor Has No Clothes, by Charles Hugh Smith, at oftwominds.com. Excerpt from the article: “The data-mining advertisement industry as it stands can’t identify which clicks are fraudulent or accidental, which ads actually trigger a sale, or which ads actually alienate potential customers. When a big advertiser pulls its online adverts and its sales remain unchanged, that tells everyone who’s paying attention something important: the industry isn’t doing a very good job for the billions it’s being paid.” As for me. I don’t pay any attention to any advertisements. The reliance on data and algorithms to predict outcomes can’t overcome the most important fundamental in economics; Human Action. Human action guarantees one thing; predicting is unpredictable.

ECONOMIC STUFF

3 Good Things About “Price Gouging“, Robert P. Murphy, at mises.org. Prices convey knowledge to producers and consumers about the supply of and demand for scarce resources. Resources are scarce under normal market conditions and have to be rationed some how. Prices are the most efficient and “fair” (I can’t believe I just used the dreaded four letter “F’ word) way to accomplish the rationing of these scarce resources. How much more are free-flowing prices needed when a disaster hits and resources become more scarce?

In an unrelated article: Which Do You Prefer: High Prices For Goods That Are Available vs. Low Prices For Goods That Are Not Available, by Mark J. Perry, at carpediemblog. When bureaucrats and politicians set price floors and ceilings on scarce goods, this will be your choice.

In another unrelated article from Mark J. Perry: Photo Of The Day: If Only There Were Some Market Mechanism To Discourage This Type Of Over-Buying. This photo shows why there should be no price controls. Let prices do their job. Free market prices utilize more knowledge than a whole army of bureaucrats and macro economists could ever possess.

How The Feds Blocked Effective Flood Insurance, by Dale Steinreich, at mises.org. When bureaucrats intervene in the market, knowledge about real world circumstances are distorted. Risk can’t be assessed properly and the cost of paying for the risk is usually shifted to the tax payer and away from the parties making the risky decision.

Does Government Spending Create More Economic Growth? by Frank Shostak, at mises.org. Government produces nothing. In order for Government to spend anything it must first take resources from producers in the real economy. So whatever amount government bureaucrats and politicians spend, is the same amount not spent by the people in the real economy because it was taken from them. Government spending produce no more economic growth than if the resources were used by the people who produced them in the real economy. In fact we can make the argument that economic growth is negative when government spends the confiscated resources. Why? Because resources are taken from wealth producers in the market and transferred to wealth consumers in the government.

 

CARTOONS

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Political Cartoons by Tom Stiglich

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Must Reads For The Week 8/26/17

August 26, 2017

Sears Death Spiral Accelerates: Vendors Halt Shipments As Cost Of Default Insurance Soars, at zerohedge.com. This is an example of a company not keeping up with a changing market. What is interesting is Sears started as a mail order warehouse business similar to Amazon today. As population changed from rural and cities to suburbs Sears began to open brick and mortar stores. It became the largest retailer in the US until 1989. It is amazing that Sears doesn’t remember it’s mail order roots, as internet sales is similar to what their original mail order business was. The company which started as a mail order company is about to go under because of the competition from on-line businesses. No company owns a share of the market at any time as long as others are allowed to compete. Sears would have been better off lobbying Government to make selling on the internet illegal. That is what a true crony business would do.

Tesla Is The World’s 4th Largest Automaker (Despite Only Selling 76,000 Cars In 2016) at zerohedge.com. Excerpt from the article: “Tesla is producing less than 1% as many cars as GM, but is worth more in market value.” Tesla’s value is based on expectations of future sales. The fact that Tesla is being subsidized by tax dollars creates a distortion about the reality of its future sales. This is crony capitalism at its best or worst.

Are Central Banks Nationalizing The Economy, by Daniel Lacalle, at mises.org. Excerpt from the article: “ The government is not issuing “productive money” just a promise of higher revenues from higher taxes, higher prices or confiscation of wealth in the future. Money supply growth is a loan that government borrows but we, citizens, pay. The payment comes with the destruction of purchasing power and confiscation of wealth via devaluation and inflation. The “wealth effect” of stocks and bonds rising is inexistent for the vast majority of citizens, as more than 90% of average household wealth is in deposits. In fact, massive monetization of debt is just a way of perpetuating and strengthening the crowding-out effect of the public sector over the private sector. It is a de facto nationalization. Because the central bank does not go “bankrupt,” it just transfers its financial imbalances to private banks, businesses, and families.

The Relationship Between Saving And Money, by Frank Shostak, at mises.org. This article explains the difference between real savings and money. Excerpt from the article: “Saving as such has nothing to do with money. It is the amount of final consumer goods produced in excess of present consumption……It is not money that funds economic activity but the saved pool of final consumer goods. The existence of money only facilitates the flow of the real savings.

Grab A Beer In Philadelphia, The Soda Is Too Damn Expensive, at zerohedge.com. When a soda tax makes soda more expensive than beer, we shouldn’t be surprised when more people choose to buy beer. Will the government be held liable if we start to see an increase in drunken driving accidents?

The Eclipse: How Markets Could Have Prevented The “Traffic Nightmare“, by Ryan McMaken, at mises.org. After the eclipse there were more cars trying to travel on the highways than there was room on the highways. It was a situation of overcapacity. More demand than supply. Short supply can be rationed by increasing prices or by waiting in line. Since there was no way to make people pay, long lines were the default position.

How Welfare States Make Us Less Civilized, by Per Bylund, at mises.org. In a market people have to cooperate to get what they want. The freer the market the more civilized we become. Welfare doesn’t promote cooperation. The welfare state forcibly takes goods from producers and gives a portion of the stolen goods to non producers while keeping a portion of the stolen goods for the state. The people who are having their production stolen don’t have warm fuzzy feelings for the other two groups. The people receiving the stolen money feel entitled. And the politicians feel the increase of their power.

Overall The NFL Gets A Letter Grade Of A+ For Players” Race, But an F- For Kickers And Punters, by Mark J. Perry, at carpediemblog. Sports is great because it rewards value. Why does it reward value? Because coaches are being paid to win. And winning or getting fired incentivizes coaches to keep players because of the value they consistently produce.

Mizzou Pays A Price For Appeasing The Left, at theburningplatform.com. College administrations don’t have to give in to the leftist radicals causing problems on campuses. The fact that they do tells us they either agree with the radicals, or they are surrendering because they are cowards. The only way to change the behaviour of the administration is to make them fear losing revenue more than they either fear the radicals or agree with the radicals.

Europe Is Committing Demographic Suicide, at zerohedge.com. The Muslims are playing the long game. Excerpt from the article: “Europe is committing demographic suicide, systematically depopulating itself in what British historian Niall Ferguson has called “the greatest sustained reduction in European population since the Black Death in the fourteenth century…..Europe’s Muslims appear to be dreaming of filling this vacuum……Muslim believers know very well that their fertility is such today, that they call it…the Great Replacement. They tell you in a very calm, very positive way: ‘One day all this, all this will be ours’ ….

Police Report: Crazed Kennedy Behavior That Got Them Arrested, at targetliberty.com. It’s not surprising that politically connected families think they are above the law.

Former U.S. Attorney On Awan Indictment: “There Is Something Very Strange Going On Here”, at zerohedge.com. This story is a perfect example of why the mainstream media is being called fake news. This story is not fake which is why the mainstream media is not covering it. They advance their ideology not just by deciding which stories we should know, but also deciding which stories they think we don’t need to know. This is fake news by omission.

CARTOONS

Political Cartoons by Tom Stiglich

Political Cartoons by Steve Kelley

 

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Must Reads For The Week 7/8/17

July 7, 2017

Elizabeth Warren Calls For Democrats To Embrace Single-Payer Health Care, by Igor Bobic, at huffingtonpost.com. Single-Payer was the goal all along. Obamacare was just another step in the single payer direction. Here is what Elizabeth Warren said that has me scratching my head because it is a lie fake recollection of the facts: “President Barack Obama  tried to move us forward with healthcare coverage by using a conservative model that came from one of the conservative think tanks that had been advanced by a Republican governor in Massachusetts…..Now it’s time for the next step. And the next step is single payer,”. Mrs. Warren. Please define what you think conservative means because the Affordable Care Act wasn’t a conservative model. Conservative to me means individuals making decisions about their healthcare in a free market instead of bureaucratic decision making backed by government force.

Government Medicine: Court Declares Child Should Die Rather Than Receive Privately Funded Health Care, by Ryan McMaken, at mises.org. This is where government run health care eventually ends up. Bureaucrats will  make the decision on whether an individual will receive treatment or not. The individual has no say. And in this case the answer was no even though the medical treatment was to be funded privately instead of being paid for by public dollars. But this can’t happen in America; can it?

Gun Controllers Know Their Policies Won’t stop Murder. It’s Another Game They’re Playing, at thefederalist.com. The left is patient. They want Government to grow categorically. But they will take incremental increases. They understand how hard it is to get rid of government programs once they are implemented. Just look at Obamacare.

Climate Scares Fail To Occur, by Craig Rucker, at cfact.org. The Arctic was supposed to be ice free by now. We were supposed to have cat 4 and cat 5 hurricanes on a yearly basis. No cat 4 or 5’s  have hit America since Katrina in 06. The climate crazies are admitting that “there has indeed been a pause in the warming and that it’s models failed to predict it.” Maybe their data and their models are “fake science”.

Replacing Fossil Fuels With Renewable Energy Would Inflict Major Land, Wildlife, and Resource Damage,by Paul Driessen, at cfact.org. Environmental crazies have never read, “That Which Is Seen, And That Which Is Not Seen” by Bastiat. They don’t see the cost in land, resources, capital and labor that would be needed to meet the worlds growing energy needs. And that is not even looking at replacing less costly energy from fossil fuels with more costly renewable energy.

Wind News Update: Catastrophic Failures Jump, Maryland Gets Serious, by Lisa Linowes, at masterresource.com. You never hear about the problems with “green” energy in the main stream media. Why?

Norway’s ‘Voluntary’ Tax Plan Brings In Just $1,325, at economicpolicyjournal.com. In Norway if anyone thinks they’re paying too little in taxes, they can send more money to the government. It is shocking that people aren’t voluntarily sending in more money to fund Norways social programs.

Missouri Set To REDUCE St. Louis Minimum Wage From $10 to $7.70, at economicpolicyjournal.com. Excerpt from the article: “Missouri has discovered that the law of supply and demand applies to wages and that the higher you set minimum wage laws the more unemployment you get. In response, Missouri’s governor will allow a bill to pass that rolls back St. Louis’ minimum wage from $10 back to $7.70, the standard across the state.

Road Congestion: It’s All About Politics, by John Hinderaker, at americanexperiment.org. Minnesota’s Twin Cities traffic congestion can be blamed on bad decisions by politicians. Despite the fact that Twin City drivers time wasted in traffic has quadrupled since 1982, the Minnesota Department of Transportation will spend $700 million on bike and pedestrain infrastructure in the next 20 years and only $265 million on improvements for infrastructure for cars. Why do voters think politicians possess enough knowledge to make decisions outside their area of their expertise. Their area of expertise being getting reelected. HT carpediemblog.

How The FAA Killed Uber For Planes, by Andrea O’Sullivan, at reason.com. Once again government bureaucrats making decisions that squash market solutions that would make the economy more productive. HT carpediemblog

Why Does Michigan License Painters? by Jarett Skorup, at makinac.org. You need to have 60 hours of courses, pass an exam and pay $300 in fees to become a painter. Another example of bureaucrats using power to interfere in free decision making by individuals in the market. HT carpediemblog

FAKE NEWS

CNN’s Ratings Collapse As Primetime Shows Draw Less Viewers than Re-Runs Of “Yogi Bear”, at zerohedge.com. They are hanging themselves and they don’t even know it. I and some of my friends are watching CNN now because it is so funny. With more people like me watching, how much of their regular viewers are turning them off.

CNN President Jeff Zucker: “Trump Is Trying to Bully Us“, zerohedge.com. The mainstream media is accusing Trump of what they have been doing for years. The difference is Trump won’t cave into their bullying like other Republicans, and they don’t know how to handle it.

AWESOME The Truth Will Out, at targetliberty.com. The Washington Post is forced to retract.

Triggered: CNN’s Jim Acosta Accuses Trump Of “Fake News Conference” In Poland, at zerohedge.com. These people don’t realize that they’re actions prove their bias. We can see it. They can’t. That is why this is so funny.

Rachel Maddow Caught In Latest Fake News Scandal; Proof Her “Forged NSA Document” Segment Was a Hoax, at zerohedge.com. Rachel is a special kind of crazy person.

CARTOONS

at therightreasons.net.

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Must Reads For The Week 7/1/17

July 3, 2017

FAKE NEWS?

Three CNN Employees ‘Resign’ Over ‘Russia Collusion’ Fake news Retraction, at zerohedge.com. For anyone who pays attention, does this surprise you?

Project Veritas Videos Exposes CNN for Russian Fake News, at zerohedge.com. More evidence of media bias. As if we needed more.

Liberals Suddenly Silent When Man Arrested For Murder Of Muslim Girl Is….Illegal Alien, at tammybruce.com. This story fit the mainstream media narrative. Until it didn’t!

Why The Watergate Comparison Best Fits The Obama Administration, at thefederalist.com. The Obama administration illegally acquired information. They used it for political gain. Gov. agencies were used to bludgeon political opponents.

ECON STUFF

Jim Grant Explains The Gold Standard, by Ryan McMaken, at mises.org. We need a gold standard to stop the growth of the federal government. Complex concept clearly explained by Jim Grant.

Why Sound Money Does Not Need A Central Bank, Only The Rule Of Law, by Patrick Barron, at mises.ca. Our fractional reserve banking system is a skimming operation which confiscates the value of your money. Like all counterfeiting operations the first receivers of the money benefit at the expense of everyone else.

The Money Velocity Myth, by Frank Shostak, at mises.org. Great article explaining why the velocity of money has nothing to do with its purchasing power.

Get Ready For “QT1”: A First Look At The Fed’s Hidden Policy, at zerohedge.com. After nine years of QE, Quantitive Easing (pushing counterfeit money into the economy). The Fed is now starting a QT policy. Quantitive tightening (taking money out of the economy). QE stopped the housing bubble from completely bursting (correcting). Of course the housing bubble was caused by the Feds previous easy money policy. QT is what we need to cure the previous misallocation of resources. The recession brought about by the tightening policy will be blamed on Trump, not the Fed.

OTHER STUFF

Since Seattle Placed A Tax On Guns And Ammunition, The City’s Violent Crime Rate Has Increased, at zerohedge.com. When you tax something you get less of that activity. The result of having fewer guns is the increase of violent crime.

Why The First 118 Miles For Te LA to SF Bullet Train Started In Fresno (?) And Could Cost $3.6 Billion More Than Expected, at economicpolicyjournal.com. When there is a pile of tax payer money being passed out, we shouldn’t be surprised that there would be corrupt politicians doing favors for people they know.

Wind Power Sounds Good In Theory, But Rural Residents Across America Are Voting Against It When They get A Chance, by Mark J. Perry, at carpediemblog. There are real problems with wind besides the fact that tax payers subsidize the purchase of expensive electricity.

The Age Of No Privacy: The Surveillance State Shifts Into High Gear, at zerohedge.com. No matter what laws are on the books protecting our right to be secure in our persons, houses, papers, and effects from government spying. Government officials usually find ways to ignore these laws.

New Device Allows Cops To Download All Of Your Smartphone Activity In Seconds, at zerohedge.com. Another example of unlawful searches and seizures.

Dentist Owed Over $200 Million In Illinois, at dmdtoday.com. What we see happening to individual states and cities, will eventually happen at the Federal level.

 

CARTOONS from theburningplatform.

Political Cartoons by Glenn McCoy

Political Cartoons by Steve Kelley

Political Cartoons by Lisa Benson