Posted tagged ‘Printed Money Creates Waste’

Must Read “Leftovers”

August 2, 2017

The Danger Of “Public” Education, by Murray N. Rothbard, at From Rothbard: “The key issue in the entire discussion is simply this: shall the parent or the State be the overseer of the child? An essential feature of human life is that, for many years, the child is relatively helpless, that his powers of providing for himself mature late……Until these powers are fully developed…..He must be under tutelage……The question is, Under whose guidance, and virtual “ownership” the child should be: his parents’ or the State’s?…..The parents are interested in the child as an individual…… subjection to the hands of the State leaves no regard for his individual personality……it is inevitable that the State would impose uniformity on the teaching of charges……. uniformity is more congenial to the bureaucratic temper and easier to enforce…..Instead of spontaneity, diversity, and independent men, there would emerge a race of passive, sheep-like followers of the State. Since they would be only incompletely developed, they would be only half-alive….since the State began to control education, its evident tendency …has been for compulsion, for enforced equality at the lowest level, for the watering down of the subject and even the abandonment of all formal teaching, for the inculcation of obedience to the State and to the “group” rather than the development of self-independence, for the deprecation of intellectual subjects.”

3 Examples That Show How Common Core Is Destroying Math Education In America, at Common Core is an example of what Rothbard talks about in the previous article. Try to understand how these math problems are solved using Common Core math. Then look at the test from 1912 given to 8th graders. This dumbing down has to be on purpose, doesn’t it?

Why Diversity Programs Fail, at Excerpt from the article: “Firms have long relied on diversity training to reduce bias on the job, hiring tests and performance ratings to limit it in recruitment and promotions, and grievance systems to give employees a way to challenge managers. Those tools are designed to preempt lawsuits by policing managers’ thoughts and actions. Yet laboratory studies show that this kind of force-feeding can activate bias rather than stamp it out. As social scientists have found, people often rebel against rules to assert their autonomy. Try to coerce me to do X, Y, or Z,  and I’ll do the opposite just to prove that I’m my own person.”  This is why the attempted indoctrination in schools hasn’t completely worked. Kids don’t want to be told what to do by someone they think doesn’t love them. The indoctrination will never be complete because there will always be strong individuals who won’t go along. Let’s hope they are strong enough to lead other kids.

Illegal Math: State Board In Oregon Is Punishing People For Talking About Traffic Lights And Any Other ‘Engineering’ Topics, at Do not cross state bureaucrats or you will pay the price. This guy was fined for the ‘unlicensed practicing of engineering’ when he questioned the time traffic lights stayed yellow after his wife received a red-light camera ticket.

Nothing To Smile About: Dentists Lobby Against Competition, at Is your dentist a crony capitalist. Your dentist bill may be high because, like true crony capitalists, some dentists lobby government to keep competitors from entering the market. Is this happening in your state?

China’s Ghost Recovery, at”If you build it they will come?” Or not. Only if there is demand for what is being produced. Printed money brings activities and degrees of activities into existence that wouldn’t exist under normal market conditions. Production needs to incrementally outpace consumption so there is little waste as possible. But this is an example of increased production at light speed. How much  capital, labor, resources and time have been wasted in this unsustainable building binge brought about by printed money?

The Myth Of Infrastructure Spending, by Ryan McMaken, at Excerpt from the article: “Indeed, the tactics of the infrastructure-spending enthusiasts are very similar to that of the global-warming zealots. they put forward massive government spending plans, while ignoring the opportunity cost of the spending or the economic realities involved. But who needs to consider costs when the benefits of the spending in the minds of supporters are 100% completely and obviously good?“…”we should question whether proposed infrastructure spending is actually an “investment in our future” or just another bureaucratic boondoggle designed to enrich crony-cartels and justify rising bureaucratic budgets.”

Fatal Courtroom Act Ruins Michael ‘Hockey Stick’ Mann, at Michael Mann was the go to ‘scientist’ who came up with the hockey stick graph that shows a rise in CO2 levels causing the rise in global temperatures. The hockey stick graph has been used by the UN’s IPCC and governments as evidence for man made global warming. When he was challenged, he decided to sue to shut up the ‘deniers’. When he was ordered to release his data for open court examination he failed to meet the Feb. 20th 2017 deadline. Why did he fail to release the data? Was his data fake science? The data from hockey stick graph shows CO2 actually follows a rise in temperature. Which means it is not the cause.