Posted tagged ‘Central Banks Prop Up Stock Market’

Must Reads For The Week 4/13/19

April 15, 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

 

Strange Paradoxes Of Our Age, by Victor Davis Hanson, at nationalreview.com. Excerpt from the article:    “From Race, to environmentalism, to wealth, the gulf between ideological rhetoric and reality has rarely been wider.”

“Modern prophets often say one thing and do another. Worse, they often advocate in the abstract as a way of justifying their doing the opposite in the concrete.”

“The result is that contemporary culture abounds with the inexplicable – mostly because modern progressivism makes all sorts of race, class, and gender exceptions for politically correct felonies, an appeasement that ensures an absence of deterrence and thus even more transgressions.”

The Joys Of Socialism: Venezuelans Are Looting Corpses For Jewelry And Bones, at zerohedge.com. More examples of how moving down the road toward government central planning (socialism) produces misery.

Diocletian In Venezuela, at the burningplatform.com. What is happening in Venezuela is nothing new. The Roman empire’s decline was kicked into high gear by the implementation  of big government central planning policies under emperor Diocletian. The Socialist central planning ideas embraced by Democrats, and some Republicans, are no different from the policies implemented by the Roman Empire two centuries ago or Venezuela today. Going down this road leads to the same place. Brexit and the election of Trump are examples of ‘the people’ saying “we need to take the next exit, turn around, and go back the other way.

The Betrayal Of Brexit Is A Mix Of Social Engineering And Mock Elections, at zerohedge.com. Brexit has turned into a battle of wills between our elected betters, and the “benighted masses”. Elected bureaucrats will lie, threaten, use government force and ultimately kill to keep their power. The benighted masses will win as long as they don’t give up.

The Truth About Brexit In 135 Words, at zerohedge.com. This cab driver, a member of the benighted masses, cuts through the anointed’s propaganda, and sums up Brexit for us. “They’re all liars mate. May was a Remainer. How were we going to get a good or deal when our negotiators don’t want to leave? They’ll stall until they can say it’s not what the people want no more……happened in every country that ever wanted a referendum or held one…

Small Businesses Layoff Workers To Comply With Minimum Wage Law, at zerohedge.com. People don’t need an economics degree to understand the economic principle of supply and demand. We live the principle everyday. When the price of an economic good is increased, we buy less. The fact that we are talking about increasing the cost of labor, doesn’t change this common sense principle. Fewer employees will be employed.

Housing Starved San Francisco Shoots Down New Apartment Project Because It Would Cast Shadow On Nearby Park. Again. by Christian Britschgi, at reason.com. Increasing the cost of building apartments, via regulation, fees or delays, means less housing will be supplied. The same principle applies to housing as it does to labor in the above post.

What Went Wrong With Pensions…And Why The Whole World Should Be Worried, at zerohedge.com. Politicians have underfunded these pensions for years. There is not enough principle in these pensions, to accrue enough interest, in order to cover the  benefits promised by politicians. At some point someone is going to have to give something up. It will either be the tax payers through higher taxes or retirees through decreased benefits. Politicians who try to fix this problem will be savaged by the unions and the media. While the politicians who created the problem will never be held responsible.

Thousand Of Elderly Patients Go Blind In Britain Due To Eye Surgery Rationing, by Ashe Schow, at dailywire.com. Healthcare is an economic good. Economic goods are scarce and have to be rationed through some process. Economic goods are rationed by prices in a free market, while they are rationed by bureaucrats in a centrally planned system. More healthcare is supplied in a free market than is supplied in a centrally planned system. Since the U.K. has a nationalized healthcare system, the supply of healthcare will not be enough to keep up with demand. Waiting in line is how scarce resources are rationed in a centrally planned economy.

London’s Uber, Cab Drivers Catch Yellow Vests’ Bug, Rail Against Fossil Fuel Taxes, at zerohedge.com. The climate change hoax will be paid for by the middle class. These are the people who can ill afford to pay for it. The wealthy will be ok and the poor will either be exempted from paying or will be subsidised by tax payers.

Central Banks Are Propping Up Stock Prices, by Thorsten Poleit, at mises.org. Printed money, via artificially low-interest rates, is being pumped into the stock market. This pushes stock prices higher and props them up after they have increased. Money going in to the stock market increases stock prices while money leaving the stock market decreases stock prices. It is simple supply and demand.

Outraged Jews And Supporters Stage Sit-In At Nancy Pelosi’s Office, by Lori Lowenthal Marcus, at saracarter.com. This is what happens when you push identity politics. Eventually protected groups are pitted against each other. I have never understood why Jewish people support the Democrat party since Democrat policies are anti-Israel. The failure of Democrat party leaders to criticize the anti-Semitic comments of Democrat Rep Ilhan Omar is causing many Jews to rethink their support for the Party. This exit from the Democrat party is being called Jexodus. Like Candace Owens’ Blexit movement.

Cory Booker Admits Releasing Migrants In Sanctuary Cities Would “Make Us Less Safe“, at zerohedge.com. In an unrelated story, “I Finally Agree With Cher” Trump Exposes Liberal Elites’ Virtue-Signaling Hypocrisy, at zerohedge.com. These two are agreeing with Trump even though they probably don’t realize it. Trump doubled down on the lefts criticism of him stating that he was going to release migrants to sanctuary cities. After the criticism he said: “…The Radical Left always seems to have an Open Borders, Open Arms policy – so this should make them very happy!” He was offering to give them what they wanted.

These leftists remind me of Wile E. Coyote. He always got smashed by the anvil he attempted to drop on the Road Runner. He has been doing this to the Democrats and the media for two plus years. And they haven’t figured it out yet. (watch here)

NY Democrats Block College Tuition Aid For Gold Star Families – But Approve $27 Million In Aid For Illegal Immigrants, by Sara Taylor, at theblaze.com. Since human beings act purposefully, their actions reveal what they value. Who do these democrat politicians value. Excerpt from the article: “Democrats in the new York Assembly blocked a college tuition bill that would expand aid to children in Gold Star families. The move took place Tuesday, just a week after he Assembly’s Higher Education Committee approved $27 million allocated from NY State’s tax budget to assist illegal immigrants in receiving higher education.”

School Lets You Pay Tuition By Selling 17% Of Your Future Income, at zerohedge.com. This is a free market solution to the government created problem of the high cost of a college education.

College (As We Know It) Is Broken In The USA, at zerohedge.com. The high cost of a college education is sowing the seeds of its own destruction. This high cost is providing lower cost alternatives with the ability to compete in the education market for customers. Here is the list of some possible alternatives. 1) The way students and parents pay for college is changing. 2) The methods and the places students learn are changing (and have been for a while think internet and trade schools). 3) Our culture is changing to finally accept that “traditional’ 4-year college isn’t the answer for everyone. 4) Businesses are starting to figure out that a college degree isn’t needed to be successful in their particular field. They would rather provide training for potential workers, instead of relying on a college degree.

Frankenstein Designer Kids: What You Don’t Know About Gender – Transitioning Will Blow Your Mind, at zerohedge.com. I stated this last week: What about the oath…First do no harm! This is child abuse. Young kids and teens don’t have the mental capacity to understand what transgender even means. Why do you think there are statutory rape laws and laws against pedophilia? To protect young people from predators. Are  doctors now predators?

Pew Research Center’s Science Knowledge Quiz, at carpediemblog. The average score is 61%. Take this quiz if you want to build your self-esteem, because you will probably get all the answers correct. But, does being able to answer easy questions correctly build self-esteem? They should have a more difficult quiz for the people who answered all the questions correctly. Then we could find out if we deserve to feel good about our scientific bona fides.

 

CANDACE OWENS Opening Statement In Front Of House Judiciary Hearing Concerning On “Hate Crimes And The Rise Of White Nationalism”. (click here)

Candace Owens Slaps Down Democrats Smear Attempts At Judiciary Hearing. (click here)

After Mr. Lieu played some audio of a previous statement made by Candace Owens, he doesn’t ask her to comment. He asked two people on the panel to comment about her comments. Then a Republican congressman said he would yield his allotted time to Miss Owens if she wanted to respond. She then proceeds to hammer Mr. Lieu. As she starts, the chairman of the committee tries to accuse her of ‘referring disparagingly’ to a member of the committee. This is a ploy used by politicians in these hearings to limit the amount of time a witness can talk. But this back fires because she proceeds to hammer him.

Watch the condescending attitude shown by the facial expressions of the committee chairman. The optics of this are amazing. Lets reverse the situation. If a white Republican congress chair acted like this toward a black women who was testifying, the Dems and the press would be screaming racism.

 

SATIRICAL HEADLINES

Comey: ‘We Did Spy—We Just Observed And Reported Secretly Without The Subjct’s Knowledge Or Consent’, at babylonbee.com.

Ocasio-Cortez Appears On ‘The Price Is Right,’ Guesses Everything Is Free, at babylonbee.com.

Scientists Recommend Reducing The Number Of Democratic Presidential Candidates To Help Fight Climate Change, at babylonbee.com.

Progressives Officially Redefine ‘Hate Speech’ As ‘Speech We Do Not Like’, at babylonbee.com.

Hillary Clinton Sends 30,000 Emails On Mission To Investigate Black Hole, at babyonbee.com.

 

CARTOONS

from burningplatform.com

Political Cartoons by Chip Bok

Political Cartoons by Tom Stiglich

Political Cartoons by Pat Cross

Political Cartoons by Tom Stiglich

 

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