Posted tagged ‘Fake News’

Must Reads For The Week 9/2/17

September 2, 2017

HURRICANE HARVEY OBSERVATIONS

“Price Gouging” = Political Rhetoric and/or Economic Ignorance!

Every time a disaster happens the term ‘price gouging’ is used to describe what happens to the pricing system when normal supply and demand is disrupted. The first rule of economics is scarcity. Man’s desires are unlimited while resources needed to satisfy these desires are scarce. This constraint of scarcity exists for any economic system, be it free market or any of the other centrally planned economic systems (socialist, communist, fascist, democratic socialist). The question we must ask is; which system best deals with this inherent constraint? In a free market, prices ration scarce resources to their most valued uses according to the subjective valuations of consumers. In a centrally planned economy, bureaucrats make the decisions on what is valuable and how scarce resources are to be rationed .

A natural disaster quickly shows how a free flow of prices conveys knowledge about where resources are needed most. Prices rising in the affected area constrains consumer demand for these scarce resources on the one hand and incentivize suppliers to bring scarce resources to the affected area on thee other. Prices coordinate supply and demand, and at the same time the coordination of supply and demand is revealed through changing prices. Price rise or fall incrementally during normal market conditions. But during disasters there are wide swings in prices.

The wild swing in prices allows political demagogues to prey on the economically ignorant. This free flow of market prices is called “Price Gouging”. Politicians win when they demagogue rising prices, and the people affected most by the disaster are hurt. Even though the people hurt most don’t realize it.

Here are some videos that explain the role of prices in a market economy.

Walter E. Williams.

John Stossel

Stossel vs. O’Reilly

This video proves Bill O’Reilly’s ignorance about economics. When he is losing the argument he cuts Stossel off and tries to play on emotion instead of logic. He then resorts to calling Stossel a ‘fascist’. These are the tactics of leftists.

People who are being charitable with their own time and money don’t need to be incentivized to “do the right thing” (supplying goods and services to the affected area). Rising prices incentivize, non charitable people (if that’s what you want to call them ), to supply much-needed goods and services to the affected area.

Gas Prices To Rise Even Faster As Tropical Storm Harvey Floods Texas, at usa.com. I heard a gentleman call into a talk show complaining about the rise in gas prices in his part of the country. He didn’t think the prices should go up since his area wasn’t affected by Harvey. This shows the economic ignorance of a vast majority of people in the country. At least 12% of the countries refining capacity is being disrupted by Harvey. Gasoline distribution infrastructure is also being disrupted. Economic law states when supply decreases against a fixed demand the price will increase. This increased price works to coordinate demand to the new reality of the decreased supply. This works to ration the scarce resource to its most valued use until supply can be brought back on-line. Allowing prices to rise allows the coordination of supply and demand to happen much faster than if prices were fixed by government.

Private Sector vs. Public Sector

Private Sector To The Rescue In Texas: Never Underestimate The Power Of The Private Sector To Rise Up To An Challenge, by Mark J. Perry, at carpediamblog. First responders are individuals on the scene at the moment something happens. Second responders are police, firemen or FEMA. In New Orleans people relied on Government to help them. In Texas people are relying on themselves to help each other. Big difference! Many people think order can only come from central planning from Government. They can’t conceive of order happening spontaneously by individuals voluntarily cooperating.

EPA Approves Emergency Fuel Waiver For Texas, at epa.gov. The best way government can help is to get out of the way. Since refineries are down, Texas will now be allowed to purchase gasoline that is banned for use in Texas by EPA regulations. But don’t worry the lifting of the ban will expire on September 15th. Why do we need such regulations in the first place?

Thanks To Markets, Houston’s Disaster Isn’t As Bad As It Might Have Been, by Christopher Westley, at mises.org. Excerpt from the article: “At the time of this writing, 26 Harvey-related deaths have been confirmed in the United States….. imagine what the death toll would have been if a similar storm slammed into comparable population centers in the Pacific Rim, Venezuela, or other outposts of the Third World. No doubt: They would be in the thousands…… What makes Houston different has to do with property rights institutions taking root and developing there over decades, making it a center for capital investment, because capital always flows to those areas where it is most secure. The continued increase in the quantity and quality of capital over time increases wealth, allowing its owners to afford better infrastructure and safety, relative to more benighted areas that attract less capital over time. To get an idea about the effects of decades of capital formation on Houston in 2017, consider the devastation that befell Galveston in 1900, when another Category 4 hurricane swept the Texas coast and claimed about 8,000 lives.

Why Houston Doesn’t Need Federal Flood Relief, – In Four Charts, by Ryan McMaken, at mises.org. Let’s not promise federal tax dollars to be assigned for rebuilding Texas. The funds will be subject to crony political distribution. And where ever there is a pile of Federal dollars there will be no shortage of people, who don’t need the money, trying to appropriate it. Excerpt from the article: “This isn’t to say real sharing and kindness are a bad thing. It’s excellent that private charities have already been hard at work helping with the cleanup in Houston. If one wants to insist that governments be involved, there’s nothing stopping other states from handing over funds to Texas directly. The federal government need not be involved at all

The Broken Window Fallacy Hasn’t Been Brought Up…. Yet!

Maybe we have won the war against ‘The Broken Window Fallacy‘. Usually after disasters like this we start to hear ‘experts’ talk about how the disaster will help the economy because of all the jobs created to replace and rebuild the things that were destroyed. I guess that sounds logical on its face, but if we remember our lessons from Frederic Bastiat we should look at what is seen, we should look at what is not seen. You will see the people employed in the rebuilding process. What you don’t see is what could have been done with all the resources, capital, time and labor used for the rebuild. The economy as a whole has less wealth because of a disaster. Everything that was destroyed has to be replaced just to get back to even par. If your car is destroyed. Not only do you not have a car, you won’t have what you could have purchased with the money used to replace your car. The economy as a whole, and you, are poorer by 1 car. The car was a useful good and was destroyed long before its normal replacement time. The broken window fallacy is simply the idea that consumption creates wealth. Production creates wealth. Consumption is the destruction of wealth.

Media / Politics

Fake News About Hurricane Harvey Is Why Americans Hate The Media, at thefederalist.com. This is just one example why the mainstream media has lost credibility.

Trump To Donate $1 Million To Texas Recovery, at cnn.com. I’m not a fan of people being public about their giving. Here is an excerpt from article: “President Donald Trump will donate $1 million of his fortune to recovery efforts in Texas……”

Hillary Clinton To Tell Audiences Her ‘Personal, Raw, Detailed and Surprisingly Funny Story’ In Nationwide Tour With Tickets Selling For Up To $1,200, at dailymail.co.uk. I wonder if Hillary is going to donate these proceeds to the recovery efforts in Texas? Or is she going to give some of he money donated to the Clinton Global Initiative for relief efforts in Texas? Oh! I forgot. Donations to the Clinton Global Initiative have dried up since Hillary lost the Election! Maybe Hillary and Bill will just have to give some of their fortune to the relief effort?

CARTOONS

From therightreason.net.

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Must Reads For The Week 8/19/17

August 19, 2017

CNN’s Wolf Blitzer Speculates That Barcelona Attack May Be “Copycat” Of Charlottesville, at zerohedge.com. He really didn’t say that did he? Running into crowds of pedestrians with vehicles (preferably trucks) has been the new modus operandi of the terrorists for quite some time now (read here).

Before “Fake News”, America Invented “Pseudo Events”, by Ryan McMaken, at mises.org. Excerpt from the article: “Rather than attempt to supply a detailed look at who was at the event, what was done, and what the participants – from both sides – have to say about it, we are instead exposed primarily to what people in Washington DC, and the political class in general, think about the events in which they were not directly involved. This focus illustrates …. a bias toward focus on the national intellectual class rather than on events that take place outside the halls of official power. Note, however, that those quoted rarely have any special knowledge about the events themselves. Their opinions are covered not because they are knowledgeable, but because their quotations fit easily into a narrative that the media wishes to perpetuate.

Why Isn’t Communism As Hated As Nazism? by Dennis Prager, at Prager University.

Privatize The Public Monuments, by Ryan McMaken, at mises.org. “Public” ownership via tax payer dollars means there will always be bickering because agreement on what should be erected is impossible. Private ownership means one person has the right to decide.

America’s Right To Self-Government Is Under Attack, at theburningplatform.com. The intellectual elite has always thought they can run our lives better than we can. The election of the outsider Trump has put them in a position they won’t accept. They have no real positions of power in the federal government but what they are really afraid of is they are about to lose political power. Political power is all about verbal sleight of hand. It is an illusion, a narrative if you will, created by propaganda and lies. Most people are figuring out that the media narrative is fake. Without the illusion, it is easy to see though the political game. I would say Trump is Toto pulling back the curtain on the Wizard of Oz, but Trump isn’t that subtle. He is more like a pit bull creating such a ruckus ripping the curtain down, we have no choice but to look.

Why Do The Super Rich Promote Socialism, at economicpolicyjournal.com. Socialism (government intervention into the economy) does not redistribute wealth more evenly. Socialism allows wealth to be controlled by individuals at the top. There is no middle class. Only the haves and the have-nots.

“The Maduro Diet” – Venezuelans Suffer Drastic Weight Loss As Hunger Crisis Strikes, at zerohedge.com. This is where socialism (government planning of an economy) leads to. Why isn’t this a bigger story…….? Because it doesn’t fit the narrative of the media when it comes to socialist central planning.

We Have A  Single-Payer System, And It’s Killing Veterans Like Me, by Jonathan LaForce, at thefederalist.com. When Obamacare collapses and politicians talk about implementing a single payer healthcare system. Tell them the VA is a single payer system, that has failed. Why would we want to try the same failure on a much bigger scale?

Wasserman Schultz IT Staffer Indicted By Grand Jury On 4 counts, at zerohedge.com. Hmmmm!

FBI Reopens’ FOIA Case On Lynch-Clinton Tarmac Meeting After Getting Caught In Lie, at zerohedge.com. Hmmmm!

‘Inconvenient’ Fact: Morgan Stanley Says Electric Cars Create more CO2 than They Save, at zerohedge.com. Excerpt from the article: “The carbon emissions generated by the electricity required for electric vehicles are greater than those saved by cutting out direct vehicle emissions.”

Trans Juggernaut Wants Your Kids. Public Schools are Just The Beginning, at thefederalist.com. Excerpt from the article: “….”Nature…tends to strike back, with the likely victims in this case being vulnerable and impressionable youngsters who, as confused adults, will pay the price for their elders’ fashionable fantasies.” This is likely why the transgender movement is targeting the young: They are vulnerable and impressionable, prepuberty pose better as either sex and therefore look less terrifying than adult transgenders, and once locked into the trans body morph will never truly be able to escape. devastated people are prime candidates for exploitation by their pretend advocates. Also, locking in trans-policies now is a way to preclude debate before more extensive data and personal experience can fuel the inevitable backlash. Of course this is bad for kids, but it’s not about kids. they’re just pawns, as usual. It’s about politics.

Why Did The Democratic South Become Republican? By Prof. Carol Swain, at Prager University.http://www.zerohedge.com/news/2017-08-17/wasserman-schultz-it-staffer-indicted-4-counts

 

CARTOONS

From therightreasonlnet.

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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

Is The Recent Georgia Run Off Election A Portent For The 2018 Midterms?

June 29, 2017

Infographic model of USA congressional votes. Editable Sample.

The recent Georgia 6th district win by (R) Handel over (D) Ossoff was spun as a good omen by each side for their chances in the 2018 midterm congressional elections. We’re not going to make any predictions about 2018 because the election is a year and a half out and a lot can happen in an instant which can change the political landscape. So let’s analyze some numbers that exist today, and also look at some possible situations which may, or might not, influence 2018. Do you like the words may and might? These words suggest a subjective opinion. But the numbers are objective.

ANALYZING SOME NUMBERS

-A party needs 218 seats in the house to gain control. The D’s hold 193 seats. The D’s need to defeat 25 incumbant R’s, and win all 193 seats they presently hold to win control of the House.

-The D’s will need 51 seats to gain control of the senate because the Vice President (Pence) is the tie breaking vote. 34 senate seats are being contested in 2018. Of the 34 seats, 25 are held by D’s and 9 by R’s. So the D’s need to defeat 3 incumbant R’s and win all 25 seats they presently hold to win the House.

-The D’s thought they had a chance to flip the congressional seat in Georgia. They spent a record amount of money for one congressional seat. ( Democrats Get Crushed In Georgia Election Despite 7x Spending Advantage.) If they need to flip 25 seats held by the R’s in the House and 3 seats in the Senate, are they going to have enough money to fund each of these campaigns? But in order to win the minimum number of seats to win back the House and Senate they are going to have to target more than the minimum number (25 & 3), because losing just one seat spells doom.

-The D’s think that Hillary winning the popular vote by 2.86 million shows the majority of people agree with their vision for America. But if you look at California, New York and Massachusetts you get a different view of the numbers. Hillary won California by 4.27 million votes. She won New York by 1.74 million votes. She won Massachusetts by 1.0 Million votes. That is a 7.01 million vote advantage in three states. But it also means she lost the other 47 states by 4.15 million votes. If you take the .8 million advantage the R’s had in Texas the number shrinks to 3.35 million. Still the R’s have a broader base of support, while the D’s support is concentrated.

-The D’s hold a total of 193 house seats. Of those 39 are in California, 18 are in New York and 9 are in Massachusetts. So 66, or 34%, of their house seats are from these three states. This means they have 127 seats spread across 47 states. In most of these house seats the incumbant has an advantage because these districts have been gerrymandered. It may be difficult for the D’s to find enough competitive seats to win back the house.

-R’s control both chambers in 33 states, while D’s control both chambers in 13 states with 4 state chambers being split. (The R’s also have 33 state governors) The party in power in each state will be able to redraw the house districts after the 2020 census. The D’s have to win back control of some of these state chambers or it will be  more difficult to win control of the house after 2020.

-What about the senate? I’ve read (here) that R’s Flake from Arizona, Heller from Nevada and Cruz from Texas are vulnerable. But if the D’s don’t win all 25 of the seats they are defending, it doesn’t matter if they win these three seats. Of the 25 seats D’s have to defend, 12 are listed as vulnerable. But 10 of these are in states that voted for Trump in 2016. They are Nelson-Fla, Connelly-In, McCaskill-Mo, Tester-Mt, Heitkamp-ND, Brown-Oh, Casey-Penn, Manchin-WV, Baldwin-Wi and Stebenow-Mi.

CONCLUSION

Mathematically the D’s have an uphill battle to regain control of the house and the senate. But the unknown future is what will ultimately decide 2018. What are some of these unknown events that could affect political change? We can only speculate what they will be. Here are some of my speculations.

BIASED SPECULATION ABOUT UNKNOWN FUTURE EVENTS

(AKA MY BEST GUESSES)

-The economy will be the most important issue. As we know from history the economy, or the perception of how good or bad the economy is, will be at the top issue for each individual voter. The economy is not healthy right now. The financial bubble created by the Federal Reserve is over leveraged with a mountain of debt. The Fed is in the process of raising interest rates. It is also in the process of reducing Its balance sheet. This means it is not rolling over (refinancing) as much previous debt. Money is not being pumped into the financial market like it was when the Fed was in QE mode. This will eventually lead to a correction (recession). A recession is needed to correct the previous monetary interventions by the Federal Reserve over the last ten years. The Fed would like this correction to happen during Trump’s presidency because it thinks it will be able to deflect the blame away from its previous monetary policies and push the blame on Trump. They know the mainstream media will help with the blame game. The other thing that will help the Fed get away with this is the ignorance of the citizens when it comes to Fed policies.

The quote by Keynes on the top right of my web site says it all: “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.

-Will Healthcare be an issue in 2018? Yes. But the people who got hammered under Obamacare because of the increased insurance costs, didn’t vote for Trump, as much as they voted against continuing Obamacare under a Clinton presidency. do you really think these voters will, 2 years after the fact, go back to the party that crushed them financially? I don’t think these voters will, 2 years after the fact, go back to the party that crushed them financially even if the R’s don’t repeal Obamacare, or pass a bill that is spun as a repeal of Obamacare, but really isn’t. These voters know the D’s have destroyed our healthcare system with Obamacare. They also know the D’s want to implement a single payer government run system. These  voters in the other 47 States know their only hope is to try to force the wimps in the R party to get rid of the policy that raised their health premiums higher than what they could afford. These people have been backed into a corner. And when an individual has been backed into a corner he will will fight because he has no other choice.

-The mainstream media has lost, and is continuing to lose, credibility. They don’t have the power they, and we, think they possess. If they had this kind of power, Trump wouldn’t have won the election. They won’t be successful in pushing the big government progressive propaganda of the left. I don’t think they realize what people outside of California, New York, Massachusetts and D.C. think of them. Many people see them as biased. There is enough access to information that most people don’t have to be propagandized anymore unless they want to be. They won’t be successful in pushing the big government progressive propaganda of the left as they were decades ago.

CONCLUSION

Your guess is as good as mine!

 

Related ArticleNew Gov. Healthcare Regulations Will Not Cure The Results Of Previous Gov. Regulations, at austrianaddict.com.

Related Article0% Interest Rate x Eight Years = The Fed’s ZIRP Doesn’t Work, at austrianaddict.com.

Related ArticleBias In The Unbiased Mainstream Media, at austrianaddict.com.

 

Must Reads For The Week 2/25/17

February 25, 2017

Four Agencies To Abolish Along With The Department Of Education, by Ryan McMaken, at mises.org. The Department of Homeland Security, The EPA, The Department of the Interior, and The Department of Agriculture should be cut along with the Department of Education according to Ryan McMaken. I would also cut 10% from the budget of all the other agencies just for starters.

The “Washington Monument Syndrome” Strikes Again As Trump Imposes Hiring Free, by Tate Fegley, at mises.org. When Government budgets get cut, the first thing a Government Agency gets rid of is the most popular programs. Because nobody notices if you cut things that aren’t important ( shouldn’t have existed in the first place). Government agencies try to protect their fiefdom, at the expense of the tax payer (in dollars and regulations).

With Sales Depressed By Soda Tax, Philly Gorcers Look To Cut Jobs As Mayor Blames “Greedy” Soda Industry, by Eric Boehm, at reason.com. Who would have thought that raising the price would mean less demand? Less demand to the point of laying off workers?

Don’t Strangle AirBnb; Cut Its Competitors Some Slack, by A Barton Hinkle, at reason.com. The hotel industry should be lobbying the Government to get rid of cumbersome regulations on their industry instead of lobbying  government to pass more regulations in an attempt to crush their competition. The consumer looses when Government intervenes.

Move Over Greece, Italy’s Crisis Will Be Worse, at zerohedge.com. The world is changing. Governments in countries attempting to control every aspect of an individuals life are being tossed out by voters. That is what BREXIT was about.

South Australia Falls Victim To Green Hubris, by Jordan McGillis, at instituteforenergyresearch.org. Mandating the use of an intermittent supply of electricity like wind comes with a price. That price is rolling blackouts when electricity use surges past the point where intermittent wind can’t keep up with the increased demand.

Billions Gone: 2016 Olympic Venues In Brazil Are Now In Ruins, by Alice Salles, at mises.org. Why do politicians think that building the infrastructure to put on a three week one and done event, like the Olympics, would have any lasting economic effect? Hosting the Olympics is a waste of scarce resources that have alternative uses.

Obama Allows Wind Turbines to Legally Kill Eagles, at instituteforenergyresearch.org. Once again the left has a choice between two competing interests. In this case they must choose between  their beloved green energy and natures creatures. Obama has made a decision that increasing the amount of eagles killed by wind turbines by 4 times the previous number, is an acceptable trade off for his beloved green energy. But what would you expect from the oracle on green energy just before he left office. Obama’s ‘Science’ Article Long On Symbolism, Short On Substance, at instituteforenergyresearch.org.

Calexit – Beat The Crowd, at zerohedge.com. We’ve talked about California wanting to exit the U.S. But the real Calexit has and is already taking place. The real Calexit is the exit of individuals from California to states that have lower taxes and less regulation. No shock here. When you increase the cost of being a resident of California, you will have fewer residences.

RESPONDING TO FAKE NEWS

MSM Touts New Poll Showing Record Obamacare Support; Ignores 14 – Point Dem Over Sampling, at zerohedge.com. Here is an example of the MSM creating fake news from a fake poll.

White House Bars CNN, NYT, Others From Media Briefing, zerohedge.com. The MSM doesn’t know how to respond to Trump when he fights back, because past Republicans would have caved in at the first sign of media pressure. This should be the new template for how to deal with media bias. The media bullies don’t know what to do when they get their nose bloodied.

CARTOONS from theburningplatform.com. (more here)

 

Must Reads For The Week 1/21/17

January 21, 2017

The End Of The Obama World Order, at zerohedge.com. Are these years worth saving? Excerpt from the article: “The Obama years brought us the Arab Spring, Benghazi ISIS, civil war in Syria, civil war in Ukraine and the Iran nuclear deal. On the home front, we have had to deal with Obamacare, “Fast and Furious”, IRS targeting conservative groups, Solyndra, the VA scandal, NSA spying and the worst “economic recovery” since the end of World War II.” That is quite a list of accomplishments.

President Obama’s Final Message To The Press, at mediamatters.org. The President made these remarks to the press about how they should act towards the President elect: “You,re Not supposed to be sycophants, you’re supposed to be skeptics, you’re suppose to ask me though questions, you’re not supposed to be complimentary, but you’re supposed to cast a critical eye on folks who hold enormous power and make sure that we are accountable to the people who sent us here and you have done that.” Obama has a skewed sense of reality. The press was never skeptical about Obama, they were sycophants for Obama. We are about to see how the media is supposed to treat anyone who has a position of power, and that is a good thing.

Golfer-In-Chief Obama Plays More Rounds Of Golf Than Any Other President Since Eisenhower, at zerohedge.com. 306 rounds of golf in eight years. I wish he would have played 36 holes of golf everyday for 8 years.

Church Won’t Utter Trump’s Name In Prayers Since He’s ‘Literally’ A Trauma Trigger To Some People, at theblaze.com. I don’t know what is worse. Being so mentally weak that they can’t handle hearing Trumps name, or enabling these people’s mental weakness.

Anti Trump Protesters Hold ‘Cough-In’ At Trump Restaurant In NYC.

Regular people can’t relate to this. Can They?

 

Fake News, Fake Politics, And Fake Policy, by Robert Higgs, at blog.independent.org. Excerpt from the article: “Where government, politics, and policy implementation are concerned, we would be wise to remember that just as in the realm of often-fake news, things are rarely what they purport to be and, indeed, they are often the exact opposite.”

Report: Schools Teach Kids To Hate America Under The Guise Of “Civics“, by Joy Pullmann, at thefederalist.com. We didn’t need a report to tell us this. We’ve known this has been happening for decades.

Loretta Lynch Parting Shot At Your Individual Freedom, at lewrockwell.com. Excerpt from the article: “Attorney General Loretta Lynch secretly signed an order directing the National Security Agency…… to make available raw spying data to all other federal intelligence agencies, which then can pass it on to their counterparts in foreign countries and in the 50 states upon request. She did so, she claimed, for administrative convenience. Yet in doing this, she violated basic constitutional principles that were erected centuries ago to prevent just what she did.” This is not shocking news is it?

Chinese Province Admits It Fabricated Economic Data For Three Years, at zerohedge.com. It’s hard to believe government officials would fudge data in order to distort economic reality. This isn’t happening in the US, is it?

Free Market Economics and Crony Capitalism, by Hunter Lewis, at mises.org. Businesses love free market when they are competing for market share with larger competitors. But when they become the larger business they try to get government to pass regulations that make it harder for upstarts to compete for the market share they currently supply. Big business loves big government because it is the only thing that can keep competitors out of the market.

CARTOONS

at theburningplatform.com.

Political Cartoons by Nate Beeler

Political Cartoons by Lisa Benson

 

 

Must Reads For The Week 1/14/17

January 14, 2017

Rand Paul Is Right: Republicans Ready To Support Trillion Dollar Increase In Budget Deficit, at economicpolicyjournal.com. Chuck Schumer Slams Republicans For Proposing $9 Trillion In New Debt, at zerohedge.com. Rand Paul is truly upset that his party is proposing this debt increasing budget. Chuck Schumer should be thrilled that this budget will increase the spending of the Federal Government. He never met a (taxed, borrowed, or printed) dollar he didn’t want to spend. All Schumer is trying to do is get the conservative base upset at the Republican establishment. He doesn’t have to try, we have been upset at the Republican establishment for 16 years. That is what the last 3 election cycles have been about.

John Harwood Asks “Who Do You Believe America; Wikileaks or US Intel Officials?” Gets Surprising Answer, at zerohedge.com. The fact that he asked this question tells us he doesn’t understand why the election turned out like it did.

Trump Calling CNN Fake News. Trump has turned the media’s “fake news” construct around on them. “Fake News” was supposed to be used against the internet, conservative blogs, and Fox News. Now it is being used against the main stream media’s crumbling monopoly on information. The market eventually crushes monopolies. Just ask OPEC.

America’s Abundant, Low-Cost Fossil “Fuels Of The Future” Will Be Our Dominate Energy Source For Decades, by Mark J. Perry, at carpediemblog. Obama and the environmental crazies don’t understand that they can’t force their utopian ideas about green energy on to reality. Reality always wins. No one wants higher cost energy forced on them when lower cost energy is available. If an individual thinks the subjective psychic benefit of using high cost green energy out weighs the lower cost of fossil fuels, by all means let him buy green, as long as it is not subsidized by the tax payers. And don’t get the government to force your subjective choice on me.

Pope Francis Now International Monetary Guru, at zerohedge.com. The Pope should stay within his area of expertise which is mercy and reconciliation, not economics and monetary policy. The fact that the Pope and central bankers have the same economic and monetary policies, proves the Pope is fallible.

CPS School Loses Beloved Library Due To Budget Cuts, by Julie Unruh, at wgntv.com. Parents wanted to man the check out process at the library after budget cuts axed the librarian at Pritzger Elementary in Chicago. Unfortunately the teachers union didn’t like the market solution to their monopoly position and wouldn’t have any of it. The Union said “the volunteers could wipe out the librarian position permanently”. And I thought the teachers unions were in it for “the children”?

Heating Empty Buildings”: Billion Pound British Biomass Subsidy Scandal, By Eric Worrall, at wattsupwiththat.com. Unintended, but forseeable, consequences of green energy subsidies. British people are heating empty buildings to get the subsidy. From the article: “Businesses that signed up could receive 160 pounds from the government for every 100 pounds they spent on fuels, such as wood pellets, burnt in biomass boilers. As people spotted the gains to be made, there was a surge in applications and costs spiralled.”

Judge Dismisses ‘Clock Boy’ Ahmed Mohamed’s Lawsuit Against Conservatives, at tammybruce.com. ‘Clock Boy’s’ original story was fake news from the start. Obama even tried to push this Muslim backlash narrative. I guess if you can’t find real discrimination against Muslims, you make it up.

CARTOONS

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