Posted tagged ‘Public Pensions Default’

Must Reads For The Week 4/22/17

April 22, 2017

Busting The “Free College” Myth, Jonathan Newman, at mises.org. The cost doesn’t go away when something is labeled “free”. For the student, free means a new scholarship program. For the college, free means they can increase their prices. For us the tax payers, free means we’re screwed. Free means shifting the cost to someone else. To me free means the professors would teach for…….”free”.

ASU Class Holds Protest Instead Of Final Exam, by Conner Borgelt, at azcentral.com. Tax payers! Would “free college” make the present situation in our college education system better or worse?

Has A Rothbardian Infiltrated The Department Of Education, at targetliberty.com. This is a good thing

San Diego’s Experiment With Higher Minimum Wage: 4,000 Fewer Restaurant Jobs, at reason.com. This doesn’t surprise anyone, does it?

Run For Your Life: The American Police State Is Coming To Get You, by John Whitehead, at rutherford.org. Click on some of the examples in this article. You will be shocked at the abuses of power by Government officials.

Private Equity Sets Its Sites On New Funding Victim: Mom and Pop 401k’s, at zerohedge.com. Private Equity companies have destroyed many of the largest defined benefit pension plans. Now they want to try their hand at destroying defined contribution retirement plans, your 401k. They need a new source of money to fund their skimming operations.

Frederic Bastiat Is Right (Again), by Jeff Thomas, at mises.org. Protective tariffs don’t work. Bastiat told us this in the mid 1800s. The Smoot-Hawley Tariffs (along with other government interventions) helped turn the stock market crash of 1929 into the great depression. Trumps desire for tariffs on foreign goods is a bad idea.

GM Says Venezuela Has Seized Its Car Plant, at cnn.com. Venezuela’s incremental movement toward socialism over the years is almost complete. Since there are no property rights in a total socialist system, this seizure of property may be the final goose step in Venezuela’s march toward economic destruction.

Fannie And Freddie Finally Wake Up, by Doug French, at mises.org. These bad mortgages should have been liquidated (sold at a loss) when the housing bust happened in 08.

How Mises Converted Hayek From Socialism To A Supporter Of The Free Market, at economicpolicyjournal.com.

 

CELEBRATE EARTH DAY

On Earth Day, Let’s Celebrate The Benefits Of Fossil Fuels! This is my Earth Day post from two years ago.

GEORGE CARLIN- Can We Destroy The Planet?

Earth Day 2016, at austrianaddict.com.

Must Reads For The Week 9/12/15

September 12, 2015

Is There Really A ‘War On Cops’? Data Shows 2015 Will Likely Be One Of The Safest Years In History For Police, by Mark J. Perry, at carpediemblog. These facts show how media coverage can drive perception about reality. If I said at the present rate there will be 35 police officers killed by fire arms this year what would you think? Your first thought should be that 35 is a number without a context. 35 is one of the lowest numbers of police deaths by fire arms from a peak of over a hundred in the early 70’s. The lesson is don’t be swept along by the media current, and always put every number in context.

Over The Last 20 Years, Annual Fires In U.S. Have Decreased By About 50% While Career Firefighters Has Increased More Than 50%, by Mark J. Perry at carpediemblog. You might think that the decrease in fires is caused by the increase in firefighters. But there is no causation because firefighters put out fires after they are started not before they are started. Local firefighter unions have been able to grown the number of their members as the number of fires has decreased. Public sector unions see public tax payer dollars as easier to extort than what they can extort from the private sector.

Happy “$15 Dollar Minimum Wage” Labor Day From McDonalds, at zerohedge.com. Do the central planning do-gooders who raised the minimum wage care enough to look at the consequences of their benevolence and lack of knowledge about economics? You can’t raise the cost of labor above what it produces.

Canada Enters Recession, at zerohedge.com. Is this isolated? Or does it mean more if you also look at what is happening in China, Greece, Japan, Brazil, Venezuela, and Puerto Rico?

Paul Krugman Is “Really Worried” That He Might Have Screwed Up Japan, at zerohedge.com. Does Krugman have any memory of what he has said in the past. Or like an Alzheimer’s patient is every day a new beginning.

Common Core Or “Communist Core“, at zerohedge.com. Lily Tang Williams, a mother of three who grew up in communist China, says common core reminds her of the oppressive statist nature of her childhood education.

Tax, Tax, Tax: Is Rhamaland About To Get The Largest Property Tax In Modern Chicago History? (And that’s just for starters). at economicpolicyjournal.com.  Government officials all over the country, not just in Chicago, have promised more than what their tax slaves payers can produce. At some point there is going to have to be a restructuring or a default on public pensions.

New App For Politically Correcting Your Language, at reason.com. This app alerts you about possible microagression on your emails, texts, blog posts, and articles before you send them out. I don’t think I’m going to download this app. No one has a right to not be offended.

uBeams Wireless Technology Aims To Kill The Power Cord, at entrepreneur.com. From the article, “uBeam has developed technology that transmits ultrasonic waves…that are translated by devices as a microscopic quiver; this vibration is converted back into an electrical charge to power anything with a battery, no wires or wall plugs required.

Kerry Picks Clinton Donor To Be State Department’s “Email Czar“, at zerohedge.com. You can’t make this stuff up! When I saw the headline I thought it was an article from The Onion.