Posted tagged ‘Free trade’

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.