Posted tagged ‘Protectionism is Economic Suicide’

Must Reads For The Week 3/4/17

March 4, 2017

The Craziest Regulations In The Obama Era, at freebeacon.com. The nanny state is in every aspect of our life.

The Most Ridiculous Occupational Licensing Laws, at generationopportunity.com. Why should you get permission from government to get involved in these professions. Shouldn’t politicians have a basic understanding of economics since their policy decisions interfere with our economic decision-making.

Florida’s Government Built A Train – And It Didn’t Go Well, by tho Bishop, at mises.org. Government decided to construct commuter rail connecting the largest towns around Orlando. You can guess the result. It’s losing money. It is so bad, “the cost of issuing and taking tickets is greater than the revenue from ticket sales“.

Trump Orders Agencies To Reduce Regulations, at news.wghb.org. Regulations interfere with free market activities as we can see from the articles above. We need to take the regulatory shackles off of producers.

NY Teamsters Pension Becomes First To Run Out Of Money, As Expert Warns Of ‘Pension Tsunami’ Is Coming, at zerohedge.com. Many of these Union pension funds have turned into Ponzi schemes like social security.

Trump To Propose 24 Percent In EPA Spending, by David Henry, at thehill.com. Cutting the size and scope of government is as simple as cutting their funding. Government agencies exist by leaching off the tax payers aka producers.

Minimum Wage Massacre: Wendys Unleashes 1000 Robots To Counter Higher Labor Costs, at zerohedge.com. Who would have thought that increasing the cost of labor would lead to less of it being employed? Only those ignorant about economic principles.

Economic Reality Check: US Factory Jobs Are Not Coming Back, by Mark J. Perry, at carpediemblog. Our manufacturing output is increasing as the number of people needed to produce this output is declining. This is a good thing. We are producing more output with less input.

25 Reasons Why Protectionism Is Taken Seriously When It’s Actually A Form Of Economic Suicide, by Mark J. Perry, at carpediemblog. 1st reason. “The false belief that trade is a zero-sum game (win-lose), when in fact it is a win-win”.

Maine Drops 9,000 From Food Stamps After Refusal To Comply With Work Requirements, at zerohedge.com. These people couldn’t perform the minimum work requirements to receive food stamp. Obviously they didn’t need them in the first place, or they wouldn’t have made the decision refusing to comply with the work requirements.

Holder Foretells The Return Of Obama: “He’s Coming And He Is Ready To Roll”, at zerohedge.com. Please be like your predecessor George Bush. Just go away!

CARTOONS from theburningplatform.com.

 

 

Advertisements