Posted tagged ‘Government Is Force’

Must Reads For The Week 7/21/18

July 22, 2018

Broke Chicago Considering “Testing” Guaranteed Basic Income Program, at economicpolicyjournal.com. If an individual spends more than he is taking in. And his spending includes the debt he has incurred (house, car, college loans, credit cards etc). Should he add more debt by spending more? No.

The idea of a universal basic income is no different from the welfare programs that are already in place. It is just dressed up with a different name.

This is like taking water from the deep end of the pool and dumping it into the shallow end. The new spending doesn’t increase economic activity. Because you are taking what someone has produced and giving it to someone to spend on consumption. No part of this transfer will be spent increasing the capital structure in the process of production. In fact there will be a loss in economic activity because of this transfer.

In order for an individual to consume a good that he desires he must either: 1) produce it himself 2) produce a good that someone else wants and exchange it for the good he wants 3) take what he wants by force (theft) 4) receive the good as a gift from its owner. Over the years individuals using government power have tricked us into believing that they are performing an act of giving (#4), when in fact they are performing an act of theft (#3). The only person who can perform an act of charity is the owner of the property that is gifted. Since government owns nothing that it hasn’t first taken by force, than government giving is not an act of charity.

Obama Floats Support For Universal Basic Income, at freebeacon.com. Here is what President Obama said: “It’s not just money that a job provides. It provides dignity and structure and a sense of place and a sense of purpose. So we’re going to have to consider new ways of thinking about these problems, like a universal income, review of our workweek, how we retrain our young people, how we make everybody an entrepreneur at some level.

Lets look at what is highlighted. Mr. President, what happens if you give an individual a universal basic income? On the one hand you are giving him the money, and you are taking away his dignity, structure and a sense of place and purpose with the other hand.

When he uses the term “we”, he means the “anointed” individuals in government will come up with the ideas that the “benighted masses” must follow.

He also added: “We’re going to have to worry about economics if we want to get democracy back on track,

The President has no knowledge of economics. He ignored the laws of economics for his 8 years as President. He thought he could wish away the laws of economics with his utopian decrees backed by the force of government. It didn’t work. He doesn’t understand that people producing and exchanging in a free market, and not government decrees, create the “workweek”, and “training for young people” and “entrepreneurship”. In fact his Government intervention created the results he doesn’t like and wants to change. Having said that, he wouldn’t have liked the results of what a free market would have produced either.

He is like 90% of politicians and bureaucrats. They get into positions of power so they can implement their utopian idea of what the world should look like. Of course they have to use government power to force their idea on individuals who don’t share the utopian ides.

On the extreme end of government power, tyrants like Stalin, Mao, Hitler, Castro, Pol Pot and others used the force of government to bring about their utopian ideas of how the world should work. At the cost of millions of individuals who didn’t want to comply. Most politicians and bureaucrats are mini tyrants. But tyrants non the less.

George Washington said: “Government is not reason, it is not eloquence, it is force, like fire it is a dangerous servant, and a fearful master.”

Washington was in a unique position to understand and be fearful of the power government possesses. Most people today are not in that position.

Predation Never Justifies Predation, by Don Boudreaux, at cafehayek.com. This is about government intervention into free trade. Here is the money quote from the article:

“Beijing’s tariffs and subsidies, in effect, seize the property of some Chinese citizens in order to transfer it to other Chinese citizens. But because these Beijing-engineered seizures take from no American anything to which an American has a property right, what ethical justification is there for Uncle Sam to create identical tensions in the U.S. by seizing the property of some Americans in order to transfer it to other Americans?”

“In what moral universe does A’s forcible transfer of B’s property to C justify X’s forcible transfer of Y’s property to Z? How is justice served if, in response to A’s wrongful creation of tensions between B and C, X creates like tensions between Y and Z?”

6 Reasons Why Trade War With the Chinese Is Pointless, by Patrick Barron, at mises.org. Excerpt from the article: “So, let’s use logic to consider the effects of China’s economic interventions on itself and its trading partners who do nothing to retaliate against China in any way.”

1) China uses its capital in an inefficient way.”

2) Monetary expansion to fund an industry causes overall higher prices and malinvestment.”

3) China’s overall economy will be less developed, weakening the impact of subsidies to targeted industries.”

4) American products get cheaper and gain market share.”

5) American industries benefit from the general expansion of all levels of production.”

6) Chinese subsidies actually become subsidies to Americans’ standard of living.”

Alexandria Ocasio-Cortez Says Unemployment Is Low “Because Everyone Has Two Jobs,” Which is not How Unemployment Rates Work, at reason.com. Unemployment is calculated by dividing the number of unemployed people by the number of people in the labor force. And by the way only 5% of workers have more than one job.

Can The State Reduce Poverty? by Henry Hazlitt, at mises.org. Excerpt from the article: “All schemes for redistributing or equalizing incomes or wealth must undermine or destroy incentives at both ends of the economic scale. They must reduce or abolish the incentives of the unskilled or shiftless to improve their condition by their own efforts; and even the able and industrious will see little point in earning anything beyond what they are allowed to keep. These redistribution schemes must inevitably reduce the size of the pie to be redistributed. They can only level down. Their long-run effect must be to reduce production and lead toward national impoverishment.

PC And The Bureaucratization Of The Economy, by William Anderson, at mises.org. Excerpt from the article: “In the former U.S.S.R. and other communist countries, one’s political status has been one of the main determiners of someone’s employment and standard of living. One cannot argue that such a state of affairs made life better for consumers and workers in these states and one certainly cannot argue that imposition of such political directives will do anything but harm our own economy.”

“The larger point here is once companies abandon or limit their entrepreneurial focus and seek political or some other kind of conformity, they succumb to the sclerosis of bureaucracy.

SATIRE: HEADLINES SAY IT ALL

Ruth Bader Ginsburg Encased In Carbonite Until Next Court Session, at babylonbee.com. She has to hang in for a few more years. The left can’t lose this seat.

Socialist Professor Refuses Salary, Frees Himself From Bonds Of Capitalism, at babylonbee.com. This guy is practicing what he preaches.

Does World Cup Enforce The False Construct Of Borders Imposed On Us By The Ruling Elite, at theonion.com. Do Borders matter?

Liberals Argues Rules Of Basketball Are Flawed After Losing Pickup Game, at babylonbee.com. I guess it isn’t fair that the rules of basketball are biased toward people who have an ability to make shots.

Woodpecker Having Difficulty Remembering Tree Where He Got The Really Good Bugs That One Time, at theonion.com. Concussion protocol anyone. Does the woodpecker have standing to sue God.

PAUL BUNYAN vs THE CHAINSAW.

How much human labor does this machine save?

HT carpediemblog. 

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Must Reads For The Week 2/24/18

February 26, 2018

FLORIDA SCHOOL SHOOTING AFTERMATH

FBI Tipster Transcript Leaked: Cruz Will “Get Into A School And Shoot the Place Up”: Full Text, at zerohedge.com. No investigative action was taken from the agency that tells us, “if you see something say something”.

“There Was A Mistake Made” – FBI’s No. 2 Refuses To Provide Details On How Cruz Tips Were Fumbled, at zerohedge.com. This is an example of Government failure.

Officer’s Hesitation To Stop Shooting Fits A Pattern Of Police Cowardice, at the federalist.com. Armed school resource officer didn’t try to enter school to stop shooter. Government failure? Excerpt from the article: “It’s a lot easier to police good people than bad ones. That’s why police …….want to take law-abiding citizens’ guns instead of to go after criminal…..Scaring dopey teens and banning AR-15s is easy. Following up on truly dangerous people, building a case about their mental health, getting the evidence a judge needs to act, that’s hard work. So is going into a building where shots are being fired. Cops aren’t heroes for doing “easy”. They are heroes – and most of them are – for doing the hard stuff.”

“Shocked And Outraged”: Four Broward Deputies Waited Outside School As Children Were Massacred, at zerohedge.com. Government failure anyone? Four officers from the Broward County Sheriff department failed to enter the building when they arrived on the scene. And people are blaming the NRA?

Guns And Schools: Can The Market Do Better? by Jeff Deist, at mises.org. Why do people look to Government first when they want “solutions” to “problems”. Government doesn’t provide the incentives to come up with a solution, a trade-off or the tolerable best that can be accepted. Individuals in Government aren’t incentivized to “solve” problems. They need the problem to exist for the simple fact that they can use it for their political benefit. People need to understand that these problems could be dealt with best by allowing each school system to implement their ideas for making their schools safe? Excerpt from the article: There are no top-down political solutions available from Washington. Gun control doesn’t actually prevent crime, but it does provide the political class and media with another diversionary bitter cultural debate. Americans are deeply divided on guns, just as they are deeply divided on abortion and climate change and scores of other issues. And why should we expect otherwise, in a far-flung country of 320 million people with wildly diverse geographies, economies, and cultures? ….. Contrary to popular belief, the Second Amendment neither “federalized” gun laws nor created a right to private ownership of firearms. It simply enshrined the notion that “the people” need to be armed to defend themselves potentially against the state itself.

Security Works At Disney – But Can’t Work At A Public School? by Ryan McMaken, at mises.org. Excerpt from the article: “Those places (private sector) that actually value the safety and quality-of-experience for the people present have a much different attitude about security than public schools do. And, no doubt, part of the reason that public schools and their supporters can continue to get away with their dismissive attitude toward real security is because no matter how many shooting take place on school property, the schools are never held legally accountable. It’s much easier for the counties and the school boards to shrug and say “there’s not enough money.

6 Reasons Your Right-Wing Friend Isn’t Budging On Gun Control, at thefederalist.com. Excerpt from the article: “Second Amendment advocates truly view owning a firearm as an intrinsic right and a must to preserve liberty. It has nothing to do with hunting. It has nothing to do with hobbies……..So many gun control advocates are begging for a conversation on this issue, and it’s unfortunate they don’t see the Second Amendment advocates as willing to engage. I find it hard to have an honest and vulnerable conversation about a deeply held right when the starting point is often challenging my motives while coming from a place of ignorance on firearms. If you’re really looking to win over your gun-loving friend, try reading up on firearms, dumping anti-NRA talking points, and assume he or she is equally committed to preventing these evil acts.

GOVERNMENT IS FORCE

Pennsylvania Supreme Court Pulls Stunning Coup In Map Drawing Stunt, by Kyle Sammin, at thefederalist.com. The Pennsylvania Supreme Court usurped the power of the legislature with this ruling concerning the drawing of congressional districts. Courts are not legislative bodies.

CalPERS Is Near Insolvency; t Needs A Bailout Soon” – Former Board Member Makes Stunning Admission, at zerohedge.com. California’s public pension program isn’t going to be able to fulfill its promises to retired workers. This is another example of Government having no incentive to fight the public unions when it comes to increasing benefits. Years of caving to unions has brought California’s pension program to the brink of insolvency. At some point someone will have to give something up. Do you want to bet it will be the tax payer?

In An Unexpected Twist, Judge In Flynn Case Asks Mueller For “Exculpatory Evidence“, at zerohedge.com.  Another example of government abuse of power. The special counsel is supposed to turn over all of its evidence to attorneys for the  defendant. Even evidence that doesn’t help the prosecutions case. They didn’t turn it over before Flynn plead guilty. This is an example of tyrants using the power of government to get the outcome they want.

Scandal, Corruption, And Law Breaking – And So What, by Victor Davis Hanson, at nationalreview.com. The breakdown of the rule of law starts with Government. This is an example of individuals in government operating illegally. People don’t respond well to being told to follow the law when the people telling them are breaking the law. This never ends well.

CARTOONS from theburningplatform.com

Political Cartoons by Lisa Benson

Political Cartoons by Michael Ramirez

Political Cartoons by Michael Ramirez

 

Must Reads For The Week 9/30/17

September 30, 2017

GOVERNMENT WON’T LET GO

Catalan Police Ordered To Close And Occupy Polling Stations To Stop Vote Going Ahead, at zerohedge.com. Government is force. Catalonia wants to vote to secede from Spain. Spain won’t let the vote take place. In the words of the great philosopher Neil Sedaka; “breaking up is hard to do”.

Kurds Vote Overwhelmingly For Independence From Iraq, at cnn.com. Brexit started the independence dominoes tumbling. The world is changing. Upsetting the tyranny of the status quo is a good thing in the long-term, even though there is short-term pain.

GOVERNMENT INTERVENTION CREATES ECONOMIC PROBLEMS

You can’t solve economic problems through the political process. You can only make them worse. Unless you get rid of the government regulations that caused the problem in the first place. Of course we know Government can never get rid of any regulations. They can only pass new regulations to solve the problems created by their previous interventions.

Six-Figure Pensions For University Of California Teachers Surge 60% Since 2012, at zerohedge.com. Public pensions have promised more than they will be able to deliver. These pensions are underfunded. Someone will have to either pay more, or receive less.

Teachers Demand $3.200 From Each Kentucky Household To Fund Pension Ponzi For Two Years, at zerohedge.com. I guess the pension beneficiaries are not in the mood to receive less. They want people to pay more. They must feel entitled.

Default Looms: Hartford Downgraded Further Into Junk Status, at economicpolicyjournal.com. Politicians can’t figure out that you can’t spend more than you have for very long. They have no incentive to stop spending, unless they go bankrupt.

2018 Obamacare Premiums Surge 45% In Key Swing State Of Florida, at zerohedge.com. The Affordable Care Act has made healthcare unaffordable. People who understand economics are not shocked by this.

The Agony Of The Welfare State, Finnish Style, at mises.org. Finland’s population is shrinking. There welfare system needs more taxpayers to fund it. “Houston we have a problem”.

Uber To Cease Operations In Quebec, at economicpolicyjournal.com. Competition lowers prices. Quebec is getting rid of competition. The taxi monopoly is back in business. Will prices rise?

California Mulls Combustion-Engine Car Ban: “You Could Stop All sales By 2030”, at zerohedge.com. Excerpt from the article: “The end result of this effort to ‘save the environment’ will be more expensive vehicles, landfills full of lithium-ion batteries and more coal-fired generation plants…but, somehow we suspect those ‘inconvenient facts’ are lost on our politicians and enviros who seem determined to subsidize Elon’s trip to Mars.” Politicians think they can create their utopian world at no cost.

Hey, Congress: If You Really Want To Help Puerto Rico Recover, Dump The Jones Act, at reason.com. A crony capitalist regulation passed in 1920 to protect American shipping will hurt Puerto Rico’s Recovery. Trump To Temporarily Lift Jones Act To Help Puerto Rico Recovery, at the hill.com. If lifting the Jones Act temporarily is good for economic activity. Wouldn’t it be better for economic activity to permanently lift it?

In Florida, You Can’t Use Your Own Solar Panels In A Crisis, at zerohedge.com. I guess you don’t own the power produced from your solar panels. Excerpt from the article: “Florida Power and Light’s lobbying wing has fought hard against letting Floridians power their own homes with solar panels. Thanks to power-company rules, it’s impossible across Florida to simply buy solar panel and power your individual home with it. You are instead legally mandated to connect your panels to your local electric grid. More egregious, FPL mandates the if the power goes out, your solar-power system must power down along with the rest of the grid, robbing potentially needy people of power during major outages.

Political Magic Conceals The Reality Of Government

July 27, 2016

We’ve all seen Las Vegas style magic shows live or on television. Most of us understand that the person performing the magic is attempting to trick us into believing that what we are seeing is real. Some people actually believe that what they are seeing is real and not an illusion. Fortunately most of us know that what we are seeing is a trick.

Politics is a magic show. Politicians are performers who are constantly perfecting their craft of verbal sleight of hand. The Republican and Democrat conventions are elaborate Las Vegas type magic shows. Politicians are attempting to use the magic of politics to hide the simple truth that Government is force. Some of us know that what they are seeing is an illusion. Unfortunately most people believe that what they are seeing is real.

GOVERNMENT IS FORCE

George Washington“Government is not reason, it is not eloquence, it is force, like fire it is a dangerous servant, and a fearful master.”

Let’s show you the reality of Government that politicians try to hide through political magic. These videos are from the Institute For Justice. They show the force of Government, that politicians and bureaucrats can bring to bear against individual citizens.

IRS Threatens Prison For Depositing Cash In Wrong Amounts.

4th and 5th Amendment Violation

Police Take $53k Using Civil Asset Forfeiture Laws.

4th and 5th Amendment Violation

City Zones Popular Mechanic Shop Our Of Business. (Backdoor Eminent Domain)

4th Amendment Violation

Politicians Sue Mom Into Silence Over Newspaper Ads.

1st Amendment Violation.

 

CONCLUSION

These are not isolated incidents. Things like this are happening all over the country and at every level of government. This is the reality of what government is all about. Politicians use political magic to get control of the levers of power. Neither party wants to shrink the power of government because they know that at some point they will be the ones in charge. The message coming out of the Republican and Democrat conventions is that the size and scope of government will increase. Very few politicians want government power to shrink.

People have to understand that politics is a magic show put on for the purpose of tricking you into believing that what you are hearing is real. If we continue to be fooled by the illusion of politics, government will continue to intervene in every aspect of your life.

 

Related ArticlePeople Want A President Who Will “Get Something Done“, at austrianaddict.com.

Related ArticleGovernment Is It Ever Big Enough, at austrianaddict.com.

Related ArticleHillary vs. Trump: Seriously?, at austrianaddict.com.

Prager University: How Big Should Government Be?

December 15, 2015

“GOVERNMENT IS NOT REASON, IT IS NOT ELOQUENCE, IT IS FORCE, LIKE FIRE IT IS A DANGEROUS SERVANT, AND A FEARFUL MASTER.” George Washington.

Government should not be bigger than the individual. This means that politicians and bureaucrats in government should not usurp the decision making power that is the purview of the individual. The US Constitution lists and limits the power of the Federal Government. There can be no question that Government power has expanded beyond what the Constitution mandates. Can the power of the individual be restored? The only way this can happen is if Government power is cut back.

How Big Should Government Be? Video from Prager University.

Excerpts from the video.

“When Government grows in size and power these things will happen.”

1)”There will be ever increasing amounts of corruption. (People in government will well government influence for personal and political gain. People outside of government will seek to buy influence and favors.)”

2)”Individual liberty will decline. (The more control government has over peoples lives, the less liberty people will have.)”

3)”Countries with ever-expanding government will either reduce the size of their government or eventually collapse economically. (Every welfare state ultimately becomes a ponzi scheme.)”

4)”In order to pay for an ever-expanding government taxes are continually increased. (At a given level of taxation, the countries wealth producers 1) stop working, 2) work less, 3) hire fewer people, 4) move their business out of state or the country.)”

5)”Big government produces big deficits and ever increasing and ultimately unsustainable debt.”

6)”The bigger the government, the greater the opportunities for doing great evil. (The 20th century was the most murderous century in recorded history and who did the killing? Big government.)”

7)”Big government eats away at the moral character of a nation. (People no longer take care of other people. They know the government will do that.)

Related ArticleAbuses Of Power By Individuals In Government, at austrianaddict.com.

Related ArticleAs The Number Of Laws Increase, Individual Freedom Decreases, at austrianaddict.com.

Related ArticleIndividual Liberty Is The Least Contentious Way Of Settling Differences, at austrianaddict.com.

Government Is Force.

July 9, 2015

Middle aged prisoners chains and cuffs over a brick wall - stock photo

George Washington: “Government is not reason, it is not eloquence, it is force, like fire it is a dangerous servant and a fearful master.

This quote by George Washington came to mind when I read a couple of articles this week about Greece and China.

GREECE

A Lesson From The Greek Crisis: Safe Deposit Boxes Are Not Safe, by Joseph T. Solerno, at mises.org. The Government will not allow people to withdraw cash from their safety deposit boxes. The Government, with the help of the banks, will then take the cash out of these safety deposit boxes, credit the persons checking account, and put the cash in ATM’s.

In an unrelated story, Home Safe Sales in Greece Have Boomed Over the Last 5 Years, at time.com. Some Greek citizens learned from what happened in Cyprus, and are trying to protect themselves from their Government. Unfortunately home robberies have also skyrocketed. This is the unintended consequence of the unintended consequence.

This brings to mind a quote by Thomas Jefferson: “The two enemies of the people are criminals and Government, so let us tie the second down with the chains of the constitution so the second will not become the legalized version of the first.

CHINA

Chinese stock markets have lost over 30% of their value in the last three weeks. The Chinese government created the stock market bubble in the first place by pumping money into the market through the use of margin debt. These central planners plans have run head on into economic reality, as the market is trying to liquidate and find a bottom. The central planners are now trying to keep this economic reality from happening. The Chinese government is attempting to cure the symptom instead of letting economic forces cure the problem the planners created. They are banning major share holders from selling stock for 6 months, freezing sales of half the companies in the market, blocked fund redemptions among other things.

Now the next step in this article, Utter Desperation: Chinese Police Vow To Arrest Malicious Short Sellers, at zerohedge.com. Yes the Chinese government is threatening to arrest malicious selling of stock. I wonder, what is the Governments definition of “malicious”? Do you think it is not defined because they want Chinese citizens to be afraid of even thinking about selling stocks? Does the Chinese government have a track record of abusing it’s citizens?

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Central planning by communists, socialists, or politicians and bureaucrats in a free market system, doesn’t work as the planners planned.

A quote by Ludwig von Mises comes to mind: : “Many think governments are free to achieve all they aim at without being restrained by an inexorable regularity in the sequence of economic phenomena …they maintain that the State is God.

WHAT ABOUT THE U.S.

Milder versions of propping up equity markets has happened in the U.S. over the last 15 years. Fed money pumping via  zero interest rates and quantitative easing are examples of central planners at work.

In this article, and short video: Rick Santelli Unleashed: China Is Not Doing Anything That The U.S. Has Not Already Tried, at zerohedge.com. Santelli says central planners are in control. But as we see from what is happening in Greece and China, they aren’t. China and Greece can’t even control their communist and socialist economic systems. Will our central planners plans end up any other way except broken?

Related ArticleCentral Planners Don’t See The Consequences Of Their Actions. Or Do They? at austrianaddict.com

Related ArticleA Look Over The Horizon At What Lies Ahead If We Continue Down The Central Planning Road, at austrianaddict.com.

Related ArticlePolitician’s “Affordable” Ideas Must Obey Economic Forces, at austrianaddict.com.

 

Must Reads For The Week 6/13/15

June 12, 2015
The pen is mightier than the sword...

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

Government Subsidies Helped Elon Musk Attain $13.3 Billion Net Worth, at ipwatchdog.com. Crony capitalist Elon Musk says his companies would still be in business without government assistance. Why doesn’t he try it without our tax dollars, just to see if he is right.

Obamacare Is Working Even Better Than President Obama Expected, by Peter Sunderman, at reason.com. The president either had low expectations, or he expected healthcare premiums to “necessarily sky-rocket”.

Department Of Justice Uses Grand Jury Subpoena To Identify Anonymous Commenters On A Silk Road Post at Reason.Com, at targetliberty.com. A quote by George Washington comes to mind. “Government is not reason, it is not eloquence, it is force, like fire it is a dangerous servant, and a fearful master.

Lake Wobegon On Steroids, Where All The Students Are Valedictorians, by Mark J. Perry, at Carpe Diem blog. From the article, “Roughly 20% of all graduating seniors at Dublin Ohio’s three high schools were awarded valedictorian status”.  With 222 recipients, there really is no status in being awarded valedictorian status.

Jail For Missed Days At School? The Madness Of Truancy Laws, by Walter Olson, at reason.com. From the article. “Washington Post columnist Petula Dvorak has reported on a 13-year-old straight-A piano prodigy charged with truancy in D.C. for taking ten days off to play on international concert stages.” Remember the above quote by George Washington, “Government is not reason, it is not eloquence, it is force, like fire it is a dangerous servant, and a fearful master.

Texas Police Officers Shutdown Girls Lemonade Stand Because They Didn’t Get Health Permit, at huffingtonpost.com. These two young entrepreneurs learned a great lesson about what the greatest impediment to their success will be, government intervention. The good news is they did what we all do when it comes to government regulation, they found a way around it. The cop said this, We just have to enforce ’em, we don’t write ’em.” This is the problem. There laws regulating everything. Police Chief Clyde Carter stated this gem, “It’s illegal to sell lemonade without a permit. But we didn’t tell them to shut down, we just asked them to get a permit.” I have a question for Chief Carter. If they wouldn’t have gotten a permit, would you have shut them down or let them continue. I think verbal sleight of hand artist Chief Carter has a bright future in politics. “Government is not reason, it is not eloquence, it is force, like fire it is a dangerous servant…...”

House Approves New NSA Reform Measure, at districtsentinel.com. Representative Thomas Massie got his amendment concerning collusion between the National Institute of Standards and Technology, the NSA, and the CIA concerning encryption standards. I know it’s hard to believe but these agencies were weakening encryption on consumer telecom services, so they could put back doors into the software for the purpose of spying on you without a warrant. “Government is not reason, it is not eloquence, it is force……”

U.S. Tech industry Appeals To Obama To Keep Hands Off Encryption, at entrepreneur.com. Does this have anything to do with the above article? “Government is not reason, it is not eloquence…..”

Channel Stuffing The Economy: There Has Never Been More Cars “On The Sidelines“, at davidstockmanscontracorner.com. Cars are counted as sold when manufactures sell them to dealerships. So even though consumers haven’t purchased the cars they are still counted as sold. You can show increasing sales by stuffing your cars onto dealers lots.

20 Years Later, Bill Clinton’s Home Ownership For America Is Dead, at zerohedge.com. Lowering lending standards created demand for borrowed money to purchase housing. The Federal Reserve supplied this demand with electronically printed counterfeit money. This brought future consumption into the present. What will replace this future consumption when its time comes? If you look at the chart in the article, you can see the government induced boom and corresponding bust. This boom and bust shows how real future consumption was moved forward in time, followed by less demand as the future became the present. A lot of future demand for goods and services was and is being used up by mortgage payments. Fed counterfeiting and Keynesian government spending distorts markets, enriches those who receive the counterfeit money first, and wastes scarce resources.

The Simplest Way To Describe Keynesianism In One Photo, at zerohede.com. Keynesian government spending takes water out of the deep end of the pool and dumps it into the shallow end.

Cartoons From The Burning Platform.

Political Cartoons by Chip Bok

Political Cartoons by Dana Summers