Posted tagged ‘Donald Trump’

Must Reads For The Week 8/13/16

August 13, 2016

HILLARY + TRUMP = ECONOMIC IGNORANCE

Donald Trump Turns To Herbert Hoover Economics, at economicpolicyjournal.com. Mr. Trump wants to “prime the pump with more spending and debt.” Spending financed by debt, both public and private, is what got us here in the first place. In the last 10 years the Fed printed over $4 trillion, and the Government took on $10 trillion in new debt. That’s enough pump priming don’t you think? The Keynsian Economic well has dry up. The simple answer is to allow free markets to work unencumbered by Government spending and Fed monetary expansion. Unfortunately nothing is simple when politicians and bureaucrats are involved in the decision making.

Hillary Clinton’s 5 Ideas To Fix The US Economy, at money.cnn.com. How does this sound. 1) Government spending on infrastructure, 2) debt free college, 3) “encourage” (force) companies to share profits with employees, 4) make the rich pay more in taxes, 5) raise the minimum wage. This is simply more spending and debt wrapped up in Christmas paper with a bow on top.

ECONOMIC REALITY

Bankster Flips Out: Says Japan’s Government Isn’t Doing Enough Keynsian Spending, at economicpolicyjournal.com. Decades of Keynsian stimulus by the Japanese Government isn’t enough? It is always the same answer to every economic problem more spending.

What Should The US Do If Other Countries Use Tariffs And Use Other Methods To Distort Trade, at economicpolicyjournal.com. Government intervention with free trade through tariffs, subsidies, and regulations harms the economy of the country that implements these policies. If other countries want to harm their economies with these policies; Why would we respond to such stupidity by implementing the same policies?

The Minimum Wage: Taking Away The Right To Work, by Roy Cordato, at mises.org. How many times does it have to be said: when a wage is set above what a particular job produces, that job will go away. Why do you think the number of private sector union workers has declined from 35% of the private sector work force, to just over 6% of the private sector work force since the 50’s. Unions priced themselves out of the market and the jobs went away. When it comes to raising the minimum wage, it is our benevolent politicians who are pricing low skill workers out of the work place. Political rhetoric is seen, workers losing their jobs are unseen.

Latest Jobs Data: The Worst expansion In 30 Years Continues, by Ryan McMaken, at mises.org.¬† All the stimulus spending by government and the money printing by the Fed hasn’t worked as the planners planned. Until these two activities are stopped. This is the new normal.

Will The Bubble Pop Even If The Fed Never Raises Interest Rates, by Brendan Brown, at mises.org. We are in new territory. Does anyone know how this will end? No. But it will end with a lot of pain. All we know is, at some point the activities brought about by low interest rates and printed money will have to be liquidated.

Consumer Optimism Is Not The Key To Economic Growth, by Frank Shostak, at mises.org. As we have asked before; What Comes First, Production or Consumption? You can’t consume what isn’t produced. Stimulating spending puts the cart before the horse. As Mr. Schostak says, “Demand is limited by prior production. To put it differently, his demand if fully covered (i.e., funded by the bread that he has produced). demand therefore, cannot stand by itself and be independent: it is limited by prior production….”. Interest rates coordinate production across time. Interest rates set artificially by government send false information through process of production. As a result production and consumption are mismatched. This is where we are after a decade of the Fed’s monetary manipulation.

Venezuela Has But One Choice: Capitalism or Chaos, by Carmen Elena Dorobat, at mises.org. Here is a quote by Ludwig von Mises which sums up what every article in this post: “THE ISSUE IS ALWAYS THE SAME: THE GOVERNMENT OR THE MARKET. THERE IS NO THIRD SOLUTION.”

Observations From The Margin

February 4, 2016

Observation Tower

Observations About The Results From Iowa

-Every media expert predicted that Trump and Hillary would win. They would have been wrong on both predictions if Hillary hadn’t won six Iowa precincts on a coin flip. Man is she lucky!

-The top 5 on the Republican side, Cruz, Trump, Rubio, Carson, and Paul, garnered 89% of the votes. Three of these became Senators because of support of tea party and liberty groups. The other two are not politicians. All five are outside of the Republican establishment {defined by me as Republicans in positions of power who want to increase the power of government, and think that everything revolves around what happens inside the Washington beltway}. The establishment candidates, Bush, Christie, and Kasich got 7% of the vote. It looks like the grass-roots are fed up with the Republican establishment.

-It’s interesting how the Republican establishment is hinting that Rubio is their guy now that the candidates they pushed, finished completely out of the mix. Are they trying to pressure Rubio into being one of them just because he was a member of the gang of eight? Do they think they can co-opt his candidacy? Would you consider him to the left or to the right of McCain or Romney, the last two republican establishment candidates for president?

-Ted Cruz was unapologetically for phasing out ethanol subsidies while campaigning in Iowa. Iowa is the top corn producing State. The Governor of Iowa told the people of Iowa not to vote for Cruz. Donald Trump came out for ethanol subsidies. Cruz Won. Cruz must have done a great job of explaining why he was against these subsidies to the people of a State whose cash crop is corn!

-Bernie Sanders was essentially tied with Hillary Clinton in Iowa. It is mind blowing to me how 50% of democrat voters support an avowed socialist, and the other 50% support someone who wants to centrally plan the US economy. Socialist Bernie wants the government to own the means of production. Central planner Hillary wants to leave ownership of the means of production in the hands of the private sector, but she gets to regulate every decision, and skim the profits away in taxes. So I guess the only difference is Hillary won’t tell you what she really is.

-Hillary Clinton’s victory speech didn’t sound like a victory speech. She came across as the unhappy vindictive shrew that she really is. She didn’t seem very happy or thankful for her victory.

-Of the people under 30 who voted in the Democratic caucus, 84% voted for socialist Bernie Sanders. Is this proof that our countries education system is nothing more than an indoctrination camp promoting big government?

Observations From The Margin

September 3, 2015

Observation Tower

Observation  (Photo credit: mooglet)

-There are two groups of people I automatically dislike, politicians and people in the media. It’s about the profession not necessarily the person. If I think the person is honorable and fair I will tolerate them, and if I think the person is arrogant and biased my dislike turns to loathing. Part of the reason Donald Trump is doing so well is he doesn’t give members of these groups the respect these megalomaniacs think should be lavished upon them. Whether it’s Jorge Ramos or Megyn Kelly, I don’t mind how Trump treats them. Watch the video of his press conference (click here) and see him dismiss Jorge Ramos and then answer a question about Megyn Kelly.

-Journalists wrap themselves in their first amendment rights using it as an inoculation against accusations of being bullies. They do have a first amendment right to ask questions, just as each of us has a first amendment right to ask questions. They don’t seem to understand that the person who is asked the question has a right to not answer the question.

-We live in a society that obeys basic rules of conduct that aren’t legislated by government. One of these rules of conduct is we wait our turn in line. When a person tries to cut line, someone usually calls them out by saying, “the end of the line is back there”. The video of Jorge Ramos is an example of someone cutting line. He was not called on and he butted in. When he was told the ‘end of the line is back there’ he kept talking. Most people who aren’t Jorge Ramos followers or Trump haters think Ramos is the anal orifice in this exchange.

-Our country was founded on the rule of law and not of men. When the laws that apply to us don’t apply to the ruling elite, it starts the process of the break down of the rule of law. When we see nothing happen to a politician like Hillary who flat-out broke the law by having her own server, and we get pulled over for ‘following too close’, it pisses us off. Not only do we have less respect for the law and the law givers, we start to push back.

-Journalists in the main stream media have a bias for bigger government. They know their influence increases when big government splits us into groups and pits us against each other. If each of us thought of ourselves as an individual instead of being a member of group, we would be able to see through media bias toward big government.

-For Decades the media has been driving the get-away car for politicians who have been robbing our individual freedom. Mr. Trump has taken out his knife, punctured all four tires and poured sand in the gas tank of the get-away car. They can’t figure out what to do. Trump talks around the media and straight to the people. He understands that many of us think the media is the enemy and he treats them as such. This is a big part of his success.

-Everyone who the media is biased against, yes even some politicians, should look at the Trump template, grow a pair, and treat the media accordingly.

Related ArticleObservations From The Margin, at austrianaddict.com.

Related ArticleObservations From The Margin, at austrianaddict.com.