Posted tagged ‘Individual decision making’

Must Reads For The Week 8/25/18

August 27, 2018

GOVERNMENT CENTRAL PLANNERS KNOW WHAT’S BEST

Chicago Hopes To “Solve” Record Pension Deficit With Creative Solution: More Debt, at zerohedge.com. Is it a good idea to use a new credit card to pay off your maxed out credit card? Paying off debt with more debt doesn’t work in the real world. Oh by the way, decisions by these same big government central planners are what caused the pension problem in the first place.

Walk Softly – Big Brother Wields A Big Stick, at theburnigplatform.com. Financially sinking State governments are making it difficult for residents to move out of their States. They are trying to escape these high taxes. Central planners must think you and I are permanent residents of their State.

DO THESE ARTICLES HAVE ANYTHING IN COMMON? Dem Congressional Candidate Has Spent Decades Pushing For Population Control, by Paul Bois, at dailywire.com. This central planner doesn’t understand that in order for the leftist ideology to survive you need a growing population to prop up the Ponzi scheme that is the our socialist welfare system. This idea couldn’t possibly lead to a different problem in the future, could it? Read this article. Uproar Over “Wacky” Plan To Start Baby Boom In China By Taxing Adults Under 40, at scmp.org. China had a one-child policy for four decades. It ended three years ago. This one-child policy has produced an aging population and a shrinking workforce. China needs more people to produce enough to prop up their communist Ponzi scheme. They are trying to incentivize individuals to have more children. They are doing this by subsidizing families who have more than one child with money taxed away from people under forty years old. Communist central planning created the problem they are now trying to solve.

San Francisco “Poop Patrollers” Make $185,000, at zerohedge.com. San Francisco’s central planners created the $#!++y mess they now have to clean up. Unfortunately they are cleaning up the symptom their previous economic policies produced. Economic central planning comes at a high cost that central planners ignore. Until they no longer can.

Ocasio-Cortez Claims Solidarity With Cab Drivers – While Campaign Buys Rides From Uber, at economicpolicyjournal.com. Please read Alexandria’s statements in this article. Now ask yourself; “Do I want this self avowed socialist central planner making policies about economic activity”? She doesn’t understand the basic law of supply and demand. And she graduated from Boston University College of Arts and Sciences with a bachelors degree in economics and international relations. I bet her economic ignorance says more about this college than it does about her.

CENTRAL PLANNING PRODUCING THESE PROBLEMS

South Africa’s Land Confiscation: Socialism By Another Name, by Ryan McMaken, at mises.org. Property rights not being protected leads to dire economic consequences. Allowing land to be confiscated and given away creates a couple of problems. 1) Three things needed for economic growth; investment, capital and entrepreneurship will decline if property right are not protected. A lower standard of living will follow. 2) The knowledge (human capital) the previous farmers had accumulated can’t be transferred to the new squatters. Agriculture production will decline. But once again government central planners know best.

“What A Disaster”: Chaos Returns To Venezuela One day After Massive Devaluation, at zerohedge.com. Decades of socialist central planning has put Venezuela in a position from which it can’t escape. Hyperinflation is being tried as a last resort. It won’t work. The economic situation in Venezuela is where government central planning of an economy eventually leads to if it is not stopped.

Destroying the Venezuelan economy has lead to migration problems for neighboring countries. Ecuador, Peru Tighten Entry Requirements For Venezuelans As Influx Swells, by Alexandera Valencia, at usnews.com. And this article.Brazil Deploys Troops To Venezuela Border After Migrant Chaos – “This Is Going To Turn Into War!” at zerohedge.com.

OTHER STUFF

The Big Self-Driving Car Problems: Artificial Intelligence Can’t Deal With Pedestrians, at economicpolicyjournal.com. When I told a friend of mine about a news article that was wondering why a self-driving car got into a wrecked. He said: “Seriously! Maybe it wrecked because no one was driving”. I have asked this question before; what do self-driving cars do when a deer runs across a four lane highway? This article brings up the same point about the unpredictable elements a self-driving car can’t be programmed to deal with. This is an example of why it is hard to centrally plan anything that involves human action. A self driving cars isn’t like a chemistry experiment where every element always act the same way. Also, what happens when the technology, which is created by flawed human beings, malfunctions. A driver has some options when his brakes fail. A self driving car has no options when the technology has a hiccup.

Instructor Tries To Quarantine Gun Owners In Back Of Class, by Frances Floresca, at campusreform.org. The good news is the university overruled the teaching assistant.

Some Inconvenient Gun Stats For Libs, at theburningplatform.com. The US is third in murders throughout the world. If you remove, Chicago, Detroit, Washington D.C, St Louis, and New Orleans the US is then 189th out of 193 countries in the entire world. What do these five cities have in common? Strict gun control laws.

Antifa Violently Attacks Man Holding Flag – Except He’s A Bernie Supporter, at zerohedge.com. No comment needed.

If Paul Manafort Is Going To Prison, Tony Podesta Should Be Joining Him, at zerohedge.com. Lady Justice has pulled off her blindfold. Now the only thing that matters is what side are you on. Are you part of the status quo or are trying to dismantle the status quo. In America today, does the rule of law exist?

Standards Go Out The Window As Employers Struggle To Fill Jobs, at zerohedge.com. There are more jobs than willing workers. Employers are overlooking previous requirements such as college degrees and work experience. At this moment anyone who is not employed probably isn’t a motivated worker. Most people today complain about receiving poor service from businesses. This makes my point because bad service usually means full employment.

Does A Fall In Unemployment Lead To Stronger Economic Growth? by Frank Shostak, at mises.org. More people being employed doesn’t lead to economic growth. Stronger economic growth leads to more employment. A job has to be a productive job for the economy to create wealth.  A job created by Government spending or a job created by Federal Reserve money printing destroys wealth.

REACTIONS TO TRUMPS TRADE POLICIES

I have been against Trumps tariffs because their cost is paid by your own citizens. Economic laws also tell us they hurt economic growth. I understand that Trump is trying to get countries to lower tariffs and trade restrictions by threatening them with corresponding tariffs and trade restrictions. This is a dangerous gambit.

Here is how I think Trump sees this situation. He thinks the U.S can take, lets say, thirty punches before it feels the pain. He also thinks that the EU, Mexico, Canada and China et al, can only take ten or fifteen punches before they feel the pain. He thinks these other countries also know this. He believes they will make concessions before real harm is done.

It is like a game of poker except he doesn’t bluff. I think these countries are beginning to understand Trump isn’t bluffing. A month ago the EU renegotiated some tariffs and trade restrictions. If you look at that along with these two articles: (China To Send Delegation For US Talks To Avert Trade War, at theguardian.com. and Trump Announces US-Mexico Trade Agreement As He Terminates NAFTA; Canada Left Out, at zerohedge.com.) He may be moving these countries off of their stances on tariffs and trade restrictions. I tip my hat if he pulls this off before the negative economic consequences take root.

CARTOONS from therightreasons.net.

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Must Reads For The Week 1/6/18

January 7, 2018

U.S. Oil And Natural Gas Exports Soar, at theinstituteforenergyresearch.org. In 2011 oil was the 146th ranked export. By Sept 2017 oil became the 15th ranked export. Why has the US become the worlds largest producer of oil and natural gas? Because the ingenuity of American oil and gas producers was unleashed when the price of oil rose to over $125 a barrel. The profit incentive created more productive ways to extract oil.

Whose Ideas? at ericpetersautos.com. Excerpt from the article: It’s been said that good ideas don’t require force – while bad ones rarely get traction without it. True enough. But How about a qualifier? Whose ideas? Yours? Mine? There is a kind of tacitly agreed upon …. notion that we all agree on what constitutes a “good” idea. It’s the keystone of coercive collectivism, without which that ideology loses moral legitimacy. But in fact, we don’t agree about what a “good” idea is. Millions of individuals tend to have millions of individually variable ideas about that. So whose ideas will prevail?… If there is a free market – in ideas as well as economics – this will sort itself out naturally and non-violently, via the signals of supply and demand……Unfortunately there’s no way to know, because the market – millions of individual people’s freely expressed determinations about what’s “good” – hasn’t been allowed to operate. Instead, a handful of people’s idea that air bags (and the rest of it) are “good” has been imposed on everyone else, on the false presumption that everyone agrees it is good to have six air bags – and many other such things – installed in every new car. this is taken as a kind of collectively agreed upon noggin nodding. That illusion must be maintained, in order for the coercion and collectivism behind it to have any semblance of morel legitimacy…… The government only got into the car design  business in a serious way in the mid-70’s. Before then, we were largely free to buy what we wanted – not what coercive collectivism imposed on us. There was a market for bare-bones simplicity, high-end luxury and almost every conceivable thing in between. Not coincidentally, the golden age of car design is generally considered to be the pre-government design era….How did it happen that other people’s ideas of what’s “good” are binding on us? It’s the craziest – and the most dangerous thing imaginable. Coercive collectivism – the ideology responsible for literally hundreds of millions of murder victims – depends on maintaining the illusion that everyone is in agreement. That we are all one bit “team”. And of course, every team has leaders.”

Amish Anarchy & Uncle Sam, at zerohedge.com. This is an example of what the above article is about. Government busybodies in Wisconsin think Amish horse drawn buggies should have seat belts, child seats, air bags, back up cameras, safety glass, head lights, turn signals and tire pressure monitors. In this case we should be on the side of the Amish. Leave these people alone. We should then ask the question: “Why don’t you leave us non Amish people alone?”

America’s Top Five Inbound vs. Top Five Outbound States, by Mark J. Perry, at carpediemblog. I know it is hard to believe. But lower taxes, less government and more economic freedom seem to attract people. While higher taxes, big government and less economic freedom repel people.

“Everything Is Overvalued”: Public Pensions Face Dangerous Dilemma In 2018, at zerohedge.com. Because the under funding of public pensions has taken place, public pension plans are seeking higher yields. This means they are taking a risk by putting money into over valued stocks and bonds. You are supposed to buy low and sell high. But these managers are going all in in an over valued market. Guess who bails these pensions out when the correction happens? Tax payers!

Socialized Medicine Update: Britain Cancels 50,000 Surgeries, at economicpolicyjournal.com. Healthcare is an economic good. Which means it is scarce and has to be rationed. Prices ration economic goods in a free market. In a socialist economy waiting in line is how economic goods are rationed. Excerpt from the article: “Every hospital in the country has been ordered to cancel all non-urgent surgery until at least February in a unprecedented step by NHS officials. The instructions on Tuesday night – which will see result in around 50,000 operations being axed – followed claims by senior doctors that patients were being treated in “third world” conditions, as hospital chief executives warned of the worst winter crisis for three decades. Hospital are reporting growing chaos, with a spike in winter flu leaving frail patients facing 12-hour waits, and some units running our of corridor space.”

The reality is being realized that healthcare can’t be made a non economic good by government decree. The laws of economics are always in play.

Venezuela Forced To Pay For Medicine With Diamonds And Gold, at zerohedge.com. Venezuela has destroyed its currency via the printing press. The Government of Venezuela is asking pharmaceutical trading partners to accept payment in gold, diamonds and other precious stones (real commodity money). The people of Venezuela have started their own system of barter for medicines. Printing money doesn’t make a country wealthier. Producing real goods and services represents the real wealth of a country. Consumption via the printing press destroys wealth.

Mistrial Declared In Cliven Bundy Standoff Case, at oregonlive.com. Here is another example of the break down of the rule of law. Government agencies used their power against US citizens in order to push the agencies agenda. The constitution was written to protect individuals from this government abuse of power.  Excerpt from the article: “A federal judge Wednesday declared a mistrial in the prosecution of Nevada cattleman Cliven Bundy, his two sons and a co-defendant, citing the government’s “willful” failure to turn over multiple documents that could help the defense fight conspiracy and assault charges in the 2014 Bunkerville standoff….. The judge listed six types of evidence that she said prosecutors deliberately withheld before trial…”The failure to turn over such evidence violates due process,” the judge said.”

Trump Threatens To Cut Off US Aid To Palestinian Authority, at zerohedge.com. No Presidential administration ever cuts foreign aid. Trump is different. These countries are scared because they are figuring out he follows through with threats. Here is another example: A Furious Pakistan Summons US Ambassador, Calls Emergency Meeting After Trump Tweet, at zerohedge.com.

“Black Cities Are Still Bleeding To Death”: Baltimore Pastor Blames Police Absence For Surge In Killings, at zerohedge.com. Here is an excerpt from the article that I think is interesting: “…..on whether the community wanted police to back off after the death of Freddie Gray? No. That represented our progressives, our activists, our liberal journalists, our politicians, but it did not represent the overall community…..What I wanted to see was that people would be able to trust the relationship with out police department so that they would feel more comfortable……So we wanted the police there. We wanted them engaged in the community….I’m a preacher…..Not until we really have a conversation with our front line officers in the heart of our black communities that does not involve our people who are “leaders”. We need the front line police officers and we need the heart of the black community to step to the forefront of this discussion. And that’s when we’re going to see a decrease in crime.”

Isn’t it interesting that progressive politicians, progressive journalists and progressive activists have an agenda that has nothing to do with what the overall community wants. When will we understand that insiders in politics, government bureaucracy, journalism and education are not on the side of the individual. These progressive insiders are on the side of imposing their world view on the rest of us.