Posted tagged ‘China’s Housing Bubble’

Must Reads For The Week 1/16/16

January 16, 2016

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

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

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

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

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

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

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

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

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

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

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







Must Reads For The Week 3/22/14

March 22, 2014
The pen is mightier than the sword...

The pen is mightier than the sword… (Photo credit: mbshane)

The Philosophy Of Liberty, at You have a responsibility to be able to articulate why the philosophy of  liberty is better for individuals and society as a whole, than Government planning. This short video does a great job of explaining why.

France’s Reckoning: Rich, Young Flee Welfare State, at Great video showing what lies ahead if we keep going down the central planning road. Oh I forgot, it can’t happen here! I saw this at libertasfound facebook.

ObamaCare’s Secret Mandate Exemption, Did the administration delay the individual mandate until 2016? Looks like you can fudge the truth to get out of the individual mandate, just like the President fudged the truth to get Obamacare passed. I saw this at libertariangirl facebook.

Muray Rothbard On The Only Way To Truthfully Regard Minimum Wage: Compulsory Unemployment, at Brief explanation in typical Rothbardian brilliance. The money quote, Remember that the minimum wage law provides no jobs; it only outlaws them; and outlawed jobs are the inevitable result.”

Top Ten Reasons It Makes Sense Not To Enroll In Obamacare, by Elizabeth Lee Vliet M.D. at Who would you listen to concerning Obamacare,  Dr. Vliet, or Lebron James. Lebron James Spreading Propaganda For Obamacare, at I think Lebron James is a good person and a great team mate, but I wouldn’t follow him if he jumped off a cliff.

Warning Russia, Biden Says US Will Defend Allies, by Josh Lederman, at Do you think Lithuania and Latvia are feeling reassured. Bidens threats are more laughable that Obama threats. If you’re not willing to follow through on a threat, don’t make it.

General Motors CEO Apologizes For Deaths Tied To Recalled Cars, by Tom Krisher, at, Will the DOJ come down as hard on crony capitalist Obama Motors as it did on Toyota. Toyota Reaches $1.2 Billion DOJ Settlement Over Sudden Acceleration Issues, by Matthew Rocco, at

China’s Housing Problem In One Chart, at China’s housing bubble, watch video here, is bigger than ours was in 2008.

Keynes Was Correct In 1919!

March 30, 2013
John Maynard Keynes

John Maynard Keynes (Photo credit: Steve Hunnisett)

When Keynes wrote in “The Economic Consequences of the Peace”,  (1919) “There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose.” , little did he or we know how correct he was.

The Feds policy of counterfeiting money, and artificially lowering interest rates, created and grew the U.S.’s housing bubble from 2000 to 2007. Market forces tried to liquidate this misallocation of scarce resources (the bubble, which was the result of the Feds policies), starting in late 2007, but the Fed wouldn’t allow the correction to happen. It propped up a false bottom by (more…)