Posted tagged ‘Free trade’

Must reads For The Week 6/3/17

June 3, 2017

WE BID ‘ADIEU’ TO THE PARIS CLIMATE AGREEMENT

President Trump Announces US Withdrawal From The Paris Climate Accord, at zerohedge.com. Jerry Brown, Bill DeBlasio, Al Gore, Bernie Sanders, and Barack Obama respond to Trump pulling out of the Paris Climate Accord. If these five are for the Paris climate agreement, it must be nothing more than a socialist scheme for redistributing US tax payer money to the rest of the world. This agreement fits the world view of these gentlemen. Getting out doesn’t.

Obama Responds To Trump’s Withdrawal From Paris Climate Agreement, at zerohedge.com. First let me say this. President Obama. Since you didn’t send this treaty to the Senate for ratification, you had to know that the next President could get us out of this ‘agreement’  just as easily as you got us in to it.

Now here is what the former President said in his statement: “….the private sector already chose a low-carbon future. And for Nations that committed themselves to that future, the Paris Agreement opened the floodgates for businesses, scientists, and engineers to unleash high-tech, low-carbon investment and innovation on an unprecedented scale.”

Mr. President. The private sector didn’t choose “a low-carbon future”. Government ‘invested’ in green energy because the private sector wasn’t. The private sector doesn’t invest in technology that isn’t productive. Government ‘investment’ is nothing more than Politicians using taxpayer money to subsidize a non productive activity they think is a good idea (which means it fits their socialist world view). Once government money was available for the taking, crony capitalists, like Elon Musk and Jeffry Immelt, got in line for their share of tax payer dollars. Crony capitalist companies chose unproductive activities that were “made profitable” by tax payer dollars (Read-The Hidden High Cost Of Green Energy). So of course they’re against the US getting out of the Paris Agreement.

More from the former President: “…But even in the absence of American leadership……I’m confident that our states, cities, and businesses will step up and do even more to lead the way, and help protect for future generations the one planet we’ve got.”

First. It is OK if states, cities, and businesses want to freely choose this course of action. As long as they aren’t forced by the Federal Government or subsidized by the Federal Government.

Second. Getting out of the Paris Agreement is not the absence of American leadership. Getting out is American leadership. Leadership in America doesn’t come from political decrees. It comes from individuals coming up with new and better ways of producing output. A perfect example of American leadership is fracking. Fracking has broken the OPEC cartel because of the increased supply of oil. It has also helped lower US CO2 emissions because it has made natural gas so inexpensive that power plants are using natural gas instead of coal to produce electricity (If the purpose of the Paris Agreement was to lower carbon emissions they should be celebrating what fracking has accomplished). Here is an excerpt from an article I wrote titled; “Free Market Fracking Trumps Government Solutions When It Comes To Producing Energy.”

Market forces are more powerful than the hoped for results of central planners. The most recent example of this is the boom in oil and natural gas production, created by hydraulic fracturing [ fracking], which is taking place on private land in spite of Government policies. Our politicians shut down some Government lands to oil exploration, and made the process of getting permits for exploration on remaining lands more time-consuming [costlier]. They used their power, and our tax dollars, to promote and invest in, “green energy”. Green energy was going to create new jobs and lead our economy into the future; do you remember Van Jones the Green Jobs Tzar. As always, the plans by our best and brightest politicians, must be obedient to economic forces. Green energy has, and is, going bankrupt, in spite of being propped up by Government. Government tried to make carbon based fuels more expensive through regulation, and green energy more affordable through tax payer subsidies; And with all this Government intervention, the economic reality that green energy produces less energy at a higher cost, and carbon based fuel produces more energy at a lower cost, can’t be overcome.”

Elon Musk Leaving Trump Advisory Councils following Paris Agreement Withdrawal, at techcrunch.com. Having crony capitalist Elon Musk on a Government advisory council is like having the fox advising the farmer on how to make the hen-house more secure. (Read Here – Gov. Subsidies Helped Musk Attain $13.3 Billion Net Worth)

Studying The Climate Doesn’t Make You An Expert On Economics And Politics, by Ryan McMaken, at mises.org. Excerpt from the article: “…the Paris Climate Agreement isn’t a scientific study. It’s a political document that lays out a specific public-policy agenda…..to people who know nothing about economics or political institutions – public policy is like a magic trick. A group of politicians get together, declare that they’re going to solve problem X, and then problem X is magically solved, so long as everyone supports the “solution”…….what if the cure is worse than the disease?

THE REST OF THE MUST READS

To Lower Healthcare Costs, Try Freedom, by Julian Adorney, at mises.org. Quote from above. “Market forces are more powerful than the hoped for results of central planners.

The ‘Logic’ Of Protectionism Leads To An Absurd Conclusion: total Economic Self-Sufficiency At the Individual Level, by Mark J. Perry, at carpediemblog. Free trade increases wealth. Mercantilist protectionism decreases wealth.

Why Do Half-Measures Work For Markets, But Not for Socialism? by Ryan McMaken, at mises.org. Even as Venezuela fails as it adopts more socialist solutions, true believers say it isn’t true socialism. When a socialist country adopts some market solutions it helps lift more of their people out of poverty.

Auto Bloodbath: Lowest Domestic Auto Sales In Three Years Despite Record Inventories and Incentives, at zerohedge.com. Is the auto bubble about to burst?

Spying On You, Spying On Me, Spying On The President, by Andrew Napolitano, at lewrockwell.com. Once you  allow government surveillance outside of our fourth amendment rights. It is almost impossible to recapture the pit bull of government you let off the chain.

Voter Fraud? 5,500 Non-Citizens Discovered On Virginia’s Voting Rolls, at zerohedge.com. Now this is how you break the law to influence the election!

CARTOONS

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Must Read “Leftovers”

May 3, 2017

Here are some articles I’ve had in the archives for a while.

WE SHOULDN’T TRUST INDIVIDUALS POSSESSING GOVERNMENT POWER

IRS TARGETING AND LOIS LERNER

Court Rejects IRS’s Plea To “Just Trust Us”, Permits Discovery Into IRS Targeting, at aclj.org.     Another Victory Over The Abusive IRS Targeting Of Conservatives, at aclj.org. When the IRS can slow down the legal process for four of more years, there is no justice. Government agencies have unlimited finances to drag out every case. The plaintiff doesn’t.

Lois Lerner Wants Her Deposition In Tea Party Case To Be Sealed: She’s Afraid People Will Want To Kill Her, at tammybruce.com. Lois Lerner doesn’t really believe her life is in danger. She just wants to protect her @$$. The people she targeted haven’t threatened her up to this point. Even though they know she targeted them. She has been collecting her pension ever since she retired, before she could be fired. Can you get a sweet gig like that?

Most of these bureaucrats are not elected. But they are politically biased toward protecting their fiefdoms.

YOU DECIDE IF OBAMA ADMINISTRATION SURVEILLED TRUMP

Obama Officials Made List Of Russia Probe Documents To Keep Them Safe, at nbcnews.com. Or was the purpose to share it so widely so it could eventually be leaked?

Did President Obama’s Own Defense Deputy Admit Obama White House Spied On Candidate/President-Elect Trump? at the burningplatform.com. What do you think?

Confirmed: Susan Rice “Unmasked” Trump Team, at zerohedge.com. Leaking who was unmasked is the problem. She is not denying back door surveillance happened.

Susan Rice Responds To Trump Unmasking Allegations: “I Leaked Nothing To Nobody” at zerohedge.com. I am not much of a grammarian but I think her quote is a double negative. Which means she leaked something to somebody. What does “incidental surveillance” mean?

Representative Schiff Has Seen Devin Nunes’ Evidence For Obama Surveillance – Here’s What He Said, theblaze.com. Democrat Schiff sang a different tune after he saw what Nunes saw.

FBI Got Court Order To Monitor Ex-Trump Adviser In Russia Probe: at reuters.com. More evidence of surveillance?

Obama, Comey Relied On Discredited Dossier To Obtain FISA Warrant On Trump Campaign, at zerohedge.com. Fake Dossier + Real Surveillance = Fake News.

You decide. Did surveillance happen?

TRADE INTERVENTION BY GOVERNMENT

Here’s What’s Behind The US-Canada Dairy Battle That Has Chuck Schumer Agreeing With Trump, at businessinsider.com. You know it is a bad policy when Schumer and Trump agree on trade. The answer is to let individuals in America trade with individuals in Canada. Agriculture in both countries is subsidized. That is where the problems starts.

Trump Slaps First Tariffs On Canadian Lumber, at money.cnn.com. Canadian lumber is cheaper. It is subsidized by Canadian taxpayers. So Canadian taxpayers are literally paying us to buy Canadian lumber at a lower price. Why shouldn’t we take advantage of their stupidity? Our answer is to raise our level of stupidity above theirs. We are going to raise the price of Canadian lumber higher by putting a tax (tariff) on it. What will be the next move on this checker board of stupidity?

How can Trump think on the one hand that lowering federal taxes will benefit the economy, and on the other hand think that increasing a tax on lumber will benefit the economy?

 

Free Trade or Trade Restrictions: Which Leads To Prosperity?

March 16, 2016

Free Trade Is The Path To Prosperity, by Georgi Vuldzhev, at mises.org. – When people make voluntary exchanges,  both parties actions reveal that they value what they have received more than what they have given up. It is an increase of value for both parties. Without trade each of us would have to produce all the goods we wanted to consume. Would you have enough time or knowledge to pull this off? No chance! If you had to pull this off, would you be poorer? Absolutely! When government interferes with trade (voluntary exchange), society becomes less prosperous. Are you listening Mr. Trump, Mr. Sanders, and Mrs. Clinton? Politicians purchase votes, at a low cost, with protectionist rhetoric. Unfortunately the high cost of government trade restrictions, subsidies, and tariffs, is paid by consumers and workers who lose their jobs.

Donald Trump vs. Milton Friedman on Trade Policy. by Mark J. Perry, at carpediemblog. – In time of war countries blockade their enemies ports to prevent imports from coming in. Why? Because it harms them economically. Tariffs are the same as blockades. Blockades prevent trade, which causes economic harm. Henry George said: “What protection teaches us, is to do to ourselves in time of peace what enemies seek to do to us in time of war.” Donald Trump has proposed a 45% tariff on Chinese goods. Just because you are successful in the business world doesn’t mean you know anything about economics.

Here is the video from LibertyPen

 

Related ArticleSpecialization And Trade Create Wealth, at austrianaddict.com.

Related ArticleWalter E. Williams: Voluntary vs. Involuntary Exchange, or Seduction vs. Rape, at austrianaddict.com.

Must Reads For The Week 6/20/15

June 19, 2015
The pen is mightier than the sword...

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

Why Freddy’s BBQ From “House Of Cards” Couldn’t Really Exist, by Johnny Fugitt, at the federalist.com. Government is messing with my BBQ! Now they’ve gone too far. Government has to regulate everything, remember the lemonade stand article from last weeks must reads. I can see it now, a BBQ speakeasy.

If You Eat This Sweet Every Day, You May Lower Your Risk For Heart Disease, by Kimberly Morin, at thefederalistpapers.org. Eating chocolate regularly is actually good for your heart! I eat enough chocolate to counter act all the BBQ I eat. Life’s full of trade offs isn’t it.

Tesla Leases Former Solyndra Building In Fremont, by David Baker, at sfgate.com. Crony capitalist Tesla has leased bankrupt crony capitalist Solyndra’s former building. Some of our tax dollars are paying for the lease on a building built by our tax payer dollars. Not a very productive use of scarce resources.

Fans Can Bring Their Weed To The U.S. Open, Outside Water Bottles Still Banned, by Dan Regester, at foxnews.com. A few questions. 1) Are they allowed to smoke the weed they bring in? 2) Are people allowed to smoke tobacco products at the open? 3) If weed was sold at the U.S. Open, would people be allowed to bring their weed into the event? 4) Does it seem like everything is upside down?

Those Were The Days, My Friend, at the-econotrairian.blogspot.com. Look at the first chart from this article. It shows GDP growth in the 23 quarters after the bottoms of the 8 recessions dating back to 1961. This “recovery” is the worst, and the tech bubble of 2001 is the second worst. These were both bubbles caused by cheap credit and electronically printed counterfeit money. The Fed can’t even print a good GDP number.

Media Matters Misdirects On FBI Report On Mass Shootings, by John Lott, at johnrlott.blogspot.com. Typical journalism malpractice.

Economics At Its Best – The Story Of The Iowa Car Crop, by Mark J. Perry, at aei.org. Great story on how free trade works. If you tax or ban imports, you are taxing our own industries. If you protect a specific industry, you are damaging other industries.

Micro-Totalitarianism, by Thomas Sowell, at jewishworldreview.com. Thomas Sowell is always a must read. Here is an excerpt from the article. “The Left is not necessarily aiming at totalitarianism. But their Know-it-all mindset leads repeatedly and pervasively in that direction, even if by small steps, each of which might be called “Micro-totalitarianism“.”

Culture and Social Pathology, by Walter E. Williams, at jewishworldreview.com. Walter Williams is also a must read. Here is an excerpt from the article. “If it were only the economic decline threatening our future, there might be hope. It’s the moral decline that spells our doom.

 

Specialization And Trade Create Wealth

July 24, 2013

In our previous post I briefly touched on specialization and trade. Civilization advances  through specialization and trade not just from the stand point of creating more wealth, but also from the stand point of creating a more peaceful world because of the cooperate involved in trade. This short video from LearnLiberty.org, featuring Art Carden, is a very good explanation of these concepts.

Specialization and trade utilize scarce resources, time, labor, and capital as efficiently as possible. Labor, time, capital, and resources are freed up, because of specialization and trade, and can now be used for other activities that couldn’t have been attempted before these scarce resources were freed up. These new activities may prove to be productive or they may not. The good news is that in a free market they will be allowed to succeed or fail depending on their ability to produce more value than the cost of the production.

For a more in-depth analysis of this subject read, People Can Just Get Along, by Robert P. Murphy, at mises.org.