Posted tagged ‘OPEC Cartel Broken’

Must Reads For The Week 7/7/18

July 7, 2018

“20lbs Of Human Waste” – Major Medical Convention Abandons San Francisco Citing Street Safety, at zerohedge.com. Has the increase in homeless camps, crime, drug use in public and human waste on the street reached its tipping point in San Francisco? Will the financial loss of companies taking their conventions to other cities be enough to make the cities progressive left government change course? Don’t bet on it. These central planners will probably continue, or double down, on the same policies that created these problems in the first place.

When The EPA Was Really Corrupt, by Julie Kelly, at amgreatness.com. Scott Pruitt has resigned as director of the EPA because of allegations of corruption. The corruption by EPA director Gina McCarthy during the Obama administration was worse. My point of bringing up the corruption under the previous director is to show that corruption exists under ‘your good guys’ or ‘our bad guys’, or under ‘our good guys’ or ‘your bad guys’. Both D’s and R’s are susceptible to corruption. And there is a greater chance for corruption to occur as the size and power of government increases. Who the lead and supporting actors are doesn’t matter. Corruption exists because of the nature of man.  So constraining “bad” behavior and incentivizing “good” behavior is the best we can hope for. The real question is; who decides what is ‘bad” and “good” behavior? The rule of law should decide these matters. The real problem arises when one EPA director’s corruption is good, and the others is bad, depending on whether you are waving the R or D flag. Corruption by individuals in power, no matter the party, should be dealt with legally not politically. The rule of law breaks down when the law doesn’t apply to everyone. No matter what their political status is at the moment.

Wisconsin Supreme Court Sides With Conservative Professor In Landmark Free-Speech Case, at zerohedge.com. The rule of law is upheld. The fact that the professor was conservative in this case is meaningless. Marquette University violated its contract with this professor which guaranteed him academic freedom.

Imran Awan Gets Sweetheart Plea Deal; DOJ Won’t Prosecute Alleged Spy Ring Cybercrimes, at zerohedge.com. How much evidence does the DOJ need to start the prosecution of an individual? Do individuals in the DOJ look at “who” is being charged, or do they just look at the evidence? Was the DOJ created to protect government insiders? It looks like the job of the DOJ is to protect the power of government from being questioned.

Hey, Democrats, The System Doesn’t Need To Be ‘Fixed’ Every Time You Lose An Election, by David Harsanyi, at thefederalist.com. Excerpt from the article: “If you’re under the impression that the system exists merely to facilitate your partisan agenda, it’s not surprising the you also believe it’s “broken” every time things don’t go your way. This is why so many Democrats argue that we should “fix” the Electoral College when they lose a presidential election and “fix” the filibuster when they run the Senate and not “fix” the Supreme Court when they don’t run the Senate.

Graduating “With Honors” Becomes Meaningless As Colleges Hand Them Out Like Candy, at zerohedge.com. Increasing numbers of students are graduating with honors. If everyone is exceptional, everyone is average. Are college courses being dumbed down?  In this article titled Educational Fraud Continues, by Walter E. Williams, he talks about the educational fraud that exists in high schools. But here is an excerpt about college education: “Some of the greatest fraud occurs at the higher educational levels – colleges and universities. According the Bureau of Labor Statistics, 70% of white high school graduates in 2016 enrolled in college, and 58% of black high school graduates enrolled in college. Here is my questions to you: If only 37% of white high school graduates test as college-ready, how come colleges are admitting 70% of them? And if roughly 17% of black high school graduates test as college-ready, how come colleges are admitting 58% of them? The bottom line is that colleges are admitting youngsters who have not mastered what used to be considered a ninth-grade level of proficiency in reading, writing and arithmetic. Very often, when they graduate from college, they still can’t master even a 12th-grade level of academic proficiency.”

How The United Kingdom Became A Police State, by Neema Parvini, at mises.org. Is this a look into our future? As mountains of laws and regulations keep increasing, anyone can be found to have broken some rule by the police state. Here is an excerpt from the article: It is clear that with less personal freedom and a bigger and more invasive state comes less personal responsibility and greater lawlessness. It is also clear that as he British state has become more tip-down in orientation than in its common-law past, it has levied increased coercive legislative power against the British people it supposedly serves. The state is now behaving in an openly Orwellian manner with near-explicit contempt for the public.”

Knives Are Too Sharp And Filing Them Down Is Solution To Soaring Violent Crime, Judge Says, at telegraph.co.uk. I thought this was an article from the Onion. This is an article from late May. I haven’t found anything to show this is a set up. Tell me if this judge’s rhetoric doesn’t sound like the same template that is used by the anti-gun left.

The Judge states, “A few of the blades carried by youths are so called ‘Rambo knives’ or samurai swords.”

“…it is very easy for any youth who wants to obtain a knife to take it from the kitchen drawer in his home or in the home of one of his friends.”

“As a result the most common knife a youth will take out is eight to ten inches, long and pointed, from his mother’s cutlery tray.”

He asked: “But why do we need eight-inch or ten-inch kitchen knives with points?”

“Butchers and fish mongers do, but how often, if at all, does a domestic chef use the point of an eight-inch or ten-inch knife? Rarely, if at all.”

“I would urge all those with any role in relation to knives….to consider preventing the sale of long pointed knives, except in rare, defined, circumstances, and replacing such knives with rounded ends.”

“It might even be that the police could organize a program whereby the owners of kitchen knives, which have been properly and lawfully bought for culinary purposes, could be taken somewhere to be modified, with the points being ground down into rounded ends.”

Wow! Sounds like the anti-gun left. The anti-knife left replaced the word gun with knife.

The State of New Jersey Just Signed Its Own Death Warrant, at zerohedge.com. New Jersey has lost tax revenue since it chased away high tax paying citizens after it increased the income tax several years ago. These people have moved to zero or low tax states. So what is their solution to the short fall? Increase taxes again. New York, Illinois and California are experiencing the same problem. People are voting on progressive left policies with their feet.

Watch: Neighbors Protest ICE As It Breaks Up Child Sex Trafficking Ring, by Juliana Knot, at thefederalist.com. The people on the coasts live in a media bubble and have no idea what the middle of the country thinks. These protesters don’t realize how ignorant they sound to the average person. Insiders on the coast think that the middle of the country lives in its own alternative media bubble. But they are mistaken. Why? Because the middle of the country is bombarded with the left spin via news papers, main stream media outlets, TV shows, hollywood and radio news at the top and bottom of every hour. We can’t escape the lefts narrative.

7 Months After Fake Flynn Story “Epic Mistake”, ABC Quietly Lets Brian Ross Go, at zerohedge.com. Brian Ross and all journalists level of credibility is directly related to the truthfulness of their reporting. The consumer of the news decides if a particular journalist is credible. In an unrelated article: Reporter Who Falsely Claimed Annapolis Shooter Wore MAGA Hat Resigns, by Andrew Kerr, at dailycaller.com. I don’t want these guys to “resign” (get asked to leave or else). Please stay and try to get your credibility back.  Here is the money quote from the article: “We need to be more vigilant than ever to be fair and accurate in a climate in which we are scrutinized and criticized,” said Wayne Phaneuf, the executive editor of the newspaper, in a statement.”

Let me translate this for you. “We used to get away with things like this all the time.  But the internet and alternative news sights have allowed critics to have a voice. Back in the good old days when we had our monopoly. This criticism was like a tree falling in the forest with no one there to hear it. It didn’t make a noise. In order to push our partisan agenda, we are going to have to find a more clandestine approach so we don’t get caught.”

OPEC’s Dilemma, by Daniel Lacalle, at mises.org. American Frackers have diminished the power of OPEC.

Visualizing The World’s Watersheds, at zerohedge.com. This is interesting. As Thomas Sowell has said before: “Nature discriminates wholesale.”

 

CARTOONS

therightreason.net

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Must Reads For The Week 12/16/17

December 17, 2017

Pentagon To Undergo First Ever Audit After Decades Of Sloppy Accounting And Missing Trillions, at zerohedge.com. Trying to make government agencies more efficient is a fool’s errand. Government agencies have no incentives to be efficient. If you want to cut spending by making bureaucracies more efficient you have put the cart before the horse. The only way to constrain spending is to cut their budget. Cutting their budget by say 25% would reveal what is and is not important to the Pentagon. They will cut spending on what is least important. If you cut their budget another 10%, the next wasteful marginal activities will be revealed. The Pentagon can’t spend what it doesn’t have.

Net Neutrality And The Problem With “Experts“, by Ryan McMaken, at mises.org. The term “Net Neutrality” sounds just as good as “The Affordable Care Act”. No one could be against these policies could they? Progressives are great at making up clever names for their regulations. Unfortunately the results of these regulations are the direct opposite of their names. Net Neutrality is about individuals in government (the deep state) wanting to control the internet. The insiders knew they couldn’t get their regulation passed legislatively, so they used the FCC to implement the policies. If you are for “Net Neutrality” I have one question for you. If the internet, with all its complexity, came to exist today without government regulations, will it continue its growth under government regulations?

Here is a quote from George Gilder: “Socialist and totalitarian Governments are doomed to support the past. Because creativity is unpredictable, it is also uncontrollable. If the politicians want to have central planning and command, they cannot have dynamism and life. A managed economy is almost by definition a barren one.

Harvard Business School Professor: Half Of US Colleges Will Be Bankrupt In 10 to 15 years, by Abigail Hess, at cnbc.com. I have said for years that we can cut the cost of educating high school and college students through online education. This is an example of the creative destruction of the market. Colleges will try to protect their monopoly position by lobbying government to decertify online education and use taxpayer money to prop up their failing business model. Will the market (decisions made by individuals) win, or will individuals in government intervene?

Germany Ends Tesla Model S Subsidies In Massive Blow To Company’s Government Funded Business Plan, at zerohedge.com. Elon Musk is a scam artist. He has become wealthy by convincing individuals in government to give his company tax payer dollars directly and through subsidies for buyers of his product. Under normal market conditions consumers wouldn’t be as ‘charitable’ with their own money. Electric cars may be the cars of the future. That future could come to exist incrementally as the unsubsidized cost of electric cars becomes less than the cost of gas-powered cars. But the cost isn’t the only factor. The electric car must also be a better product according to the desires of consumers. And each consumers desires are subjective, with cost being just one factor.

Ban The Bike! How Cities Made A Huge Mistake In Promoting Cycling, by Lawrence Solomon, at businessfinancialpost.com. Here is another example of government central planning creating economic inefficiency. Using scarce resources for non productive activities is what government does best. Free markets (what results when people are allowed to produce, exchange, consume and save what they want according to they subjectively value) channel scarce resources to their most productive uses. This is why bike advocacy groups spend their time and money lobbying government to get what they want, because markets would constrain their plans.

John Cochrane On Surge Pricing, Economic Freedom And The Sad Paradox Of Free Markets…. by Mark J. Perry, at carpediemblog. Raising the price of tolls during rush hour is a free market solution (trade-off) to traffic congestion during rush hour. Toll road I-66, in the Virginia suburb of D.C., has increased tolls during rush hour to relieve congestion. Of course everyone is complaining. Which means politicians are trying to step in and get these ‘unfair’ prices reduced. People don’t understand how markets work. But they seem to believe that politicians using government power can conger up a solution to an economic ‘problem’. The laws of economics are still in play even though government tries to wish them out of existence. The reality is there is more demand for road space during rush hour than what exist to handle this demand. During normal times of the day there is less demand for this same road space. We could call it an over-supply of road space. One ‘solution’ would be to supply enough road space to handle rush hour demand. But at what cost? The new supply of road space would be a waste of scarce resources at all other times except rush hour. Raising tolls during rush hour is not a solution as much as it is a trade-off. The scarce resource of road space can be rationed through price increases. The increased price of the toll allows individuals to make the trade-off between purchasing higher priced road space now, or lower priced road space at some other time.

Here is an excerpt from the article: “It does not occur to anyone that you’re really not paying tolls to the government. You are paying your fellow drivers to stay home, carpool, come later, so that they will get out of your way and let you sail to work.”

“The reaction to Uber surge pricing is a similar test. Economists love it. You mean rather than sit in the rain and wait, I can pay more, compensate someone else for waiting, encourage a driver to skip dinner, and take me where I want to go, now? I’m in. Or, I can save some money and to later. Everyone else hates it. and gets cities to ban it. And we to back to waiting.”

“The fundamental reason so many markets are not free, and so dysfunctional, is that the voters of our democracy don’t really want freedom. Freedom will come when we want it, when we insist on it, when the average voter sees a free market solution rather than endless controls as the answer to real world problems. The sad paradox of free markets is that free markets don’t need people to understand them to work. But democracy does require voters to understand how things work.

Is The Oil Glut Set To Return? at zerohedge.com. Simple supply and demand. The American fracking industry is what is keeping the price of oil from increasing. OPEC’s attempt to increase oil prices by constricting what they will supply won’t work. As soon as the price increases, because of their production cuts, it becomes profitable for American fracking to increase production. This in turn drives the price back down. The only reason oil is staying around $50 a barrel is because the price rose to an average of $100 a barrel from 2008 to 2014. This price made it profitable to start fracking. During this time period the fracking industry found more cost efficient ways to extract the oil. Today they can pump oil profitably at prices above $40. Free market prices work.

Chicken Wing Spot Prices Collapse 30% As NFL Protests Take Their Toll, at zerohedge.com. Not only are fewer people going to NFL games. Fewer people are going to wing restaurants to watch NFL games. Politicizing the NFL has economic consequences.

Is Free Trade A Problem If Some People Use Their Greater Freedom To Eat More Than Intellectuals Think Wise? by Don Boudreaux, at cafehayek.com. Free trade increases the number of choices for consumers. This is a good thing, unless you are a central planner. Central planners don’t like free trade if the choices people make don’t coincide with what the planners think is wise.

NRA-Republican Backed Bill Makes It Easier For Feds To Disarm Citizens, by Tho Bishop, at mises.org. Excerpt from the article: “While Republicans and supporters of the NRA may not fear the Trump Administration coming after their guns, it is obviously reckless to grant additional power and resources to future administrative states that may be quite hostile to the right to gun ownership. To put it simply, there is never a good reason to give Federal agencies the power the revoke an individual’s ability to lawfully purchase a weapon without due process.”

Can We Be Honest About Women? by D.C. McAllister, at thefederalist.com. With all the allegations of sexual harassment, maybe we need to step back and take a look at the reality of human nature.

CARTOONS, from therightreason.net.

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