Posted tagged ‘Sharing Economy’

Must Reads For The Week 2/4/17

February 5, 2017

 

CRA: The “Regulatory Game Changer” That Could Wipe Out 8 Years Of Obama Regs In An Hour, at zerohedge.com. The Congressional Review Act could be used to repeal much of the burdensome regulations of the last 8 years. But why stop at the last 8 years?

Trump Taps Net Neutrality Critic To Lead FCC, at economicpolicyjournal.com. ‘Net Neutrality’ is a back door, or maybe a front door, into government regulation of the internet. This appointment will help neutralize this push against a free internet.

A Tale Of Two Cities…..Paris & Washington, at zerohedge.com. As Paris is ramping up environmental regulations, Washington is in the process of getting rid of burdensome environmental regulations. These regulations are a cost to businesses and ultimately the consumer. Paris is putting a ‘tariff’ on itself, while Washington is reducing the amount of the self imposed ‘tariff’. Trump should learn a few things about the results of trade restrictions, subsidies and tariffs from this. If he understands that environmental regulations are costs on businesses and consumers, he should be able to understand that trade regulations are costs on businesses and consumers.

Obama Issued A Massive Ammunition Ban Just One Day Before He Left Office, at zerohedge.com. There is no better way to get rid of guns than to make the one activity that introduces younger people into the use of firearms more expensive. Hunting is how many people are taught the safe use of firearms. People who have never been around firearms are generally fearful of firearms and can be manipulated into thinking people don’t need firearms.

Trump Regulatory Freeze Halts $180 Billion Of Proposed Obama Rules, New Study Shows, at zerohedge.com. If just putting a stop on pending regulations will save $180 billion; what happens if existing regulations are cut?

Construction Equipment Rental, at equipmentshare.com. The sharing economy makes us more productive. HT/ Carpe Diem Blog.

Iron Roughnecks Are Taking Over Oil Rigs, at bloomberg.com. Producing more with less. Fewer people are needed to man oil rigs thanks to automation. This is a good thing if you understand economics. But a bad thing if you don’t. HT/ Carge Diem Blog (click here).

Exposing The Cronyist Argument For Carbon Taxes, at freedomandprosperity.com. You know Government has too much power when big business agrees with something like this. This tax imposes costs on the competitors of these big businesses. These smaller competitors can’t afford the tax, like the big businesses can. The smaller competitors are eventually driven out. The consumer pays for this through higher prices.

Destroying The “Wind & Solar Will Save Us” Delusion, at zerohedge.com. Another example of too much Government power. Politicians use the power of government in an attempt to bring things forward in time, before it’s their time to be in the present. High cost energy from wind and solar can’t compete with lower cost energy from fossil fuels. Trying to use regulation and tax payer backed subsidies and loans to move green energy forward before its time is a waste of scarce resources that could, and should, be used in more productive activities. Unfortunately for the green energy zealots, but fortunately for us,  fossil fuels are going to be our main source of energy for a long time. But this fact won’t stop politicians and bureaucrats from using tax payer money for these green boondoggles.

Identity Politics At It’s Best Worst

As Democrat Representative Andre Carson introduces himself at a rally, you can hear Nancy Pelosi reminding him to “Tell them you’re a Muslim”.

My article this week, “Fake Headlines” , talks about identity politics.

Cartoons from The Burning Platform (More Here)

 

Must Reads For The Week 10/ 15/ 16

October 15, 2016

Obamacare’s Demise Has Arrived, at economicpolicyjournal.com. We tried to tell everyone that economic laws wouldn’t allow Obamacare to work. Now 60% of Tennessee’s Obamacare consumers will lose their coverage in 2017. Remember when Obama said: “if you like your plan you can keep your plan.” He was lying just like he was lying about those “shovel ready jobs”. Remember when he said: “it looks like those shovel ready jobs weren’t so shovel ready.”

1.4 Million Americans Who “Like Their Healthcare Plan” Set To Lose Them In 2017, at zerohedge.com. As insurance companies pull out of Obamacare exchanges, millions are going to lose their health insurance plans. Central planning provides less care at a higher price. Markets delivers the best possible care at the lowest possible price.

The Reason LA Has 10,000 Food Trucks And Chicago Only Has 70, at economicpolicyojurnal.com. The Chicago city council’s regulations has chosen the incumbent brick and mortar restaurants over the newer food truck businesses. Monopolies can only exist with government sanction. This is like the incumbant taxi cartel trying to get local governments to stop Uber from entering the market.

How Crony Contact Lens Manufacturers Are Trying To Destroy The Free Market In Contact Lenses, at economicpolicyjournal.com. Johnson and Johnson is trying to use government to restore its monopoly position in contact lens sales. Instead of using their time and effort to satisfy consumers, Johnson and Johnson is putting its resources toward lobbying government to regulate competitors out of business. Once again the consumer loses.

“Sharing Economy” Reveals That Licensing Laws Are Really About Shutting Down The Competition, by Brittany Hunter, at mises.org. The sharing economy has provided opportunities for individuals to start their own businesses. Existing businesses want to have the final say if these new competitors are allowed to enter the market. In a free market these existing businesses wouldn’t have the power to stop the competition. They would have to provide better service to keep their customers. Unfortunately we live in a hampered market economy where government has the power to force these competitors out of the market. Status quo businesses lobby government to get them to use force to keep competitors from entering the market. The status quo gains at the expense of the consumer and the upstart businesses.

When Government Fails Papa John Delivers, at economicpolicyjournal.com. An 87 year old Florida grandmother lost power last week because of Hurricane Matthew. Her family, who lived in Nebraska, couldn’t get a hold of her. They called area police and fire departments to get them to reach her to see if she was OK. When police and fire couldn’t get the job done, the grandson decided to call Papa Johns and have a pizza delivered to his grandmother. If it could be delivered, they knew she was OK. They had the delivery man call them when he arrived at her house so their grandmother could talk to them. Markets work better than government.

The Fed Who Cried Growth, by Jonathan Newman, at mises.org. The Fed can’t even predict it’s own behavior. They keep saying they will raise interest rates but for some reason they never pull the trigger. Maybe the economy isn’t in as great of shape as they are telling us it is.

Janet Yellen Tries To Explain The Elusive “Great Recovery”, at zerohedge.com. When you read, or worse yet, listen to one of these Fed central bankers talk it is mind boggling. They use words that sound like their saying something so nuanced that regular people can’t understand their brilliance, but they are actually saying nothing. And that is what they are trying to accomplish. Their monetary policies haven’t worked and they are trying to cover their asses with words.

Us Economy To Grow Just 1.4% In 2016 After Atlanta Fed Slashes Q3 GDP To 1.9%, Half Its Original Estimate, at zerohedge.com. The Fed can’t even print a solid GDP number, even though they have printed $4 plus trillion over the last 8 years. You would think that the policy makers at the Fed would have figured out that you have to first produce before you can consume. Money printing is consumption before production. All money printing does is allow the people who receive it to go out into the market and demand goods with pieces of paper. It is no different than if I counterfeited a $50 dollar bill and purchased $50 dollars worth of goods from a store. I would be stealing these goods just as if I had shoplifted the goods. The Fed is no different than a counterfeiter.

 

CARTOONS

From the burningplatform.

Political Cartoons by Nate Beeler

Political Cartoons by Steve Breen

Political Cartoons by Jerry Holbert

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Must Reads For The Week 5/21/16

May 21, 2016

POLITICIANS AND BUREAUCRATS KNOW BEST

Higher Minimum Wage Causes Wendy’s To Have Self-Service Ordering Kiosks At Its 6000-Plus Restaurants, by John R. Lott, at johnrlott.blogspot.com. This is not a surprise to us who have read, “That Which Is Seen and That Which Is Not Seen,” by Frederic Bastiat, the French economist from the mid 1800s. Quote from Bastiat, “the bad economist pursues a small present good, which will be followed by a great evil to come, while the true economist pursues a great good to come, – at the risk of a small present evil.

Huge Increases In Health Insurance Premiums To Hit Right Before The November Election, by John R. Lott, at johnrlott.blogspot.com. Because of all the government regulations, health insurance really wasn’t insurance before Obamacare. But with all the new Obamacare mandates on health insurance we can say without a doubt that health insurance today isn’t really insurance. It has turned into a pay as you go system like social security. Read this short article written in 1996 titled, “The Insurance Scam” by Michael Levin, to get an understanding that we haven’t had real health insurance in this country for a while. The progressives want Obamacare to be the penultimate step to a government-run single payer system.

Obama’s Overtime Rule Tried At IBM, And It Didn’t Work, by James Sherk, at dailysignal.com. Obama mandates overtime to be paid to salaried employees. What will be the unintended consequences of these new rules? Where does the Executive branch get the power to legislate in this area? Nowhere, according to the constitution. The employer agreed to pay x amount of dollars for y amount of labor, and the employee agreed to supply y amount of labor for x amount of dollars. Why do politicians and bureaucrats always feel the need to interfere with the voluntary exchanges made by individuals in the free market? Because they have power, and we allow them to use it.

Judge Clears Way For San Francisco Soda Pop Warnings, by Nathan Bomey, at usatoday.com. More nanny state regulations. This is our fault. We’ve allowed government to get so big that they can intervene into every aspect of our lives. It is going to take a lot of hard work to roll back big government. When you don’t discipline your dog when he pisses on your carpet, he will keep doing it.

NYC Mayor Wants To Fine Businesses That Don’t Use ‘Transgender Pronouns‘, at tammybruce.com. People either have an xx sex chromosome and are female, or a xy chromosome and are male. If a person “feels” they are a different sex than what their sex chromosomes say they are, that’s their problem to deal with not mine. I guess politicians are going to make it my problem. Remember when we didn’t discipline the dog? This kind of nonsense is our fault.

IRS’s Lois Lerner Speedily Approved Exemption For Obama’s Brother’s Charity, at thedailycaller.com. She approved this while at the same time dragging her feet on allowing the exempt status of conservative and liberty groups.

What’s Behind The Incredible Long Security Lines At Airports, at targetliberty.com. You mean besides the usual lack of incentives to be customer friendly? From the article: “one reason…..Homeland Security wanted to force more travelers to become “known” to the government via PreCheck programs. Another reason was the TSA’s revolt at the government cutting its funding. According to AP, “in the past three years, the TSA and Congress cut the number of front-line screeners by 4,622 — or about 10 percent — on expectations that an expedited screening program called PreCheck would speed up the lines. However, not enough people enrolled for TSA to realize the anticipated efficiencies.” In other words, PreCheck has been in a failure.”

Venezuelan Apocalypse: Some Updates On The Epic Failure Of Socialism In Oil-Rich Venezuela, by Mark J. Perry, at carpediemblog. In Venezuela there is day long lines to get food and medicine. We only have to wait 3 hours in line to get through airport security. I know we are not going to end up like Venezuela, but look where you end up when you allow government to intervene in the free market.

FIGHTING BACK AGAINST THE STATE

Regulations Force Uber, Lyft Out Of Austin, Arcade City Moves In, Hat Tip to LaissezFaireCapitalism. Ride sharing service, Arcade City, is a step ahead of the regulations in Austin. I love the fact that government moves slower than the market. Christopher David CEO of Arcade City, said:  “this is the beginning of a new wave in business and technology that regulators will be unable to effectively stop…Highly connected peer-to-peer ecosystems that harness the wisdom of crowds can self-organize and self-govern better than some arbitrary third-party ever could. We really will ‘decentralize all the things’. The only question is whether the centralists will stand aside of actively resist the change.” Hope springs eternal.

Federal Judge Hammers DOJ Lawyers For Lying About Obama’s Immigration Order, by Phil Shiver, at conservativereview.com. DOJ lawyers lied about the fact that implementation of Obama’s immigration orders was already in progress when the law suit against these orders was going on. In order to get a federal judge to sanction these DOJ lawyers, you know they were beyond breaking the law. For their lies, these lawyers must attend “a legal ethics course”. I don’t think this punishment is enough to keep these dogs from pissing on the carpet. “The law is intended to retrospectively judge behaviour and to prospectively guide it“, Thomas Sowell. This punishment is not harsh enough to make some future lawyer think twice before breaking the law.

Texas To Ignore Iran Nuclear Deal And Maintain Sanctions, at tammybruce.com. States fighting back against the Federal government is a good thing.

Whole Foods Anti-Gay Lawsuit Dropped After Apology, at cnn.com. Fighting back against politically correct groups. A pastor complained about a gay slur on a cake from Whole Foods. The story was a complete fabrication, aka a lie. I wish Whole Foods wouldn’t have dropped the lawsuit against the gay pastor who made up the story. Remember what Thomas Sowell said about prospectively guiding future behaviour. I have a final comment. If you have to make up a story about gays being slandered, you must not be able to find much “homophobia” in America. Try buying a gay wedding cake in a country where the state religion is Islam. Let me know how that turns out for you.

 

Government Intervention Stifles Real Job Creation

August 18, 2015

Can government create a job? Yes! Government can create millions of jobs. They could outlaw farming equipment tomorrow which would immediately create millions of farming jobs. But would these new farming jobs be productive jobs?

Government jobs by definition aren’t productive jobs. Does a government job produce more than the cost of the labor? The only way to find this out would be to compete in the market and discover what the price of labor would be according to the law of supply and demand.

High school teaching jobs are examples of jobs that are both free market jobs (private school teachers) and government jobs (public school teachers). What do I mean by this? A private school teacher gets paid considerably less in wages, benefits, and retirement, than a public school teacher. A private school has to provide a quality service at a price that individuals value more than the money they  freely exchange for that service. If they can’t, they will go out of business. A public school has no such incentive to provide quality at a lower price. They receive ever-increasing revenue through local tax levies and state and federal funding. Because of this, teachers unions procure ever-increasing wages and benefits for their teachers who provide a lower quality service. People’s next best alternative,  private schools or home schooling, are considerably more expensive, which is why it is difficult to escape public schools.

Government wages are higher than market wages. The true price a teacher could command if we had a free market educational system, would be somewhere between the monopoly wage of the public schools and the wage paid by the private schools. We can’t know what it would be, all we know is the wage would be revealed through the interactions between individual demanders and suppliers of the service in the market. The true price of a teachers wage can only be discovered through the market process.

GOVERNMENT STIFLES JOB CREATION

Below are two great articles. One is about how Government regulatory costs make it difficult, if not impossible, to create real jobs in the private sector. And the other tells how we must get back to the understanding that the individuals rights as a free person trumps some vague idea of a collective good.

The first is, Our Government Destroyer of Jobs, by Charles Hugh Smith, at oftwominds.

Here are some excerpts from the article.

“Government regulation is supposed to address life safety and exploitation of workers and the public. But unbeknownst to the status quo, it’s supposed to do so with an eye on cost-benefits and diminishing returns.”

“The government’s solution to absurdly high costs of opening a small business is: borrow more money….. we make the rules, you follow them, and if you can’t afford to follow the rules, then don’t open the business.”

“This is how you get an economy of bureaucrats justifying their existence with 500-page manuals regulating private enterprise and abandoned main streets and malls. The government assumes private enterprise will jump through an endless number of hoops to operate a business, and that there is an endless supply of willing entrepreneurs who will volunteer to put themselves at risk of bankruptcy.”

“Back in reality, there is not an endless supply of people willing to jump through an insane number of hoops and risk their capital and health on starting a risky enterprise.”

“Guess what, our government: you forgot that ultimately you live off the private sector. Yes, let’s pile on another 500 pages of regulations–no problem–nothing could be easier for those in secure jobs funded by taxpayers. But if the private-sector jobs go away, who’s left to pay for state employees to shuffle thousands of pages of regulations and enforce countless “improvements”?”

FREE INDIVIDUALS  vs. THE COLLECTIVE

The second is, Agenda For A Freer And More Prosperous America, by Richard Ebeling, at epictimes.com.

Here are some excerpts from the article.

“America must rediscover and reestablish its own founding principles and philosophical ideas…This means recapturing the spirit and meaning of individualism and individual rights. That every human being should be considered a free person, allowed to live his or her own life as he or she wished, guided by their own goals, purposes and ideals that will give their life meaning, value and worth, as they define it.”

“This means liberating ourselves from the false notion that the individual is owned and subservient to the collective, the tribe or the group into which they were born, and to which a political and ideological elite asserts they are to be sacrificed and obedient; that their life is not their own, but the property of the collective.”

“As long as the underlying collectivism is not challenged and overcome, real and sustainable freedom cannot be restored. America was founded on the idea of sovereign individuals, who associated with each other for mutual betterment through voluntary trade and consensual association. Government was meant to secure and protect each individual’s right to his life, liberty and honestly acquired property (meaning peaceful production and/or voluntary exchange).”

“Privileges and favors, subsidies and artificial protections for some at the expense of others must be repealed and abolished. There must be an equality of individual rights before the law, not an inequality of government-imposed “entitlements” and redistributive “rights”….”

“Freeing markets under a regime of equal individual right under an impartial rule and enforcement of the law would do far more to help those that “progressives” claim there are most concerned about in society than the entire array of interventionist and welfare statist programs have done in more than a half a century of coerced redistribution since the heady hopes of LBJ’s Great Society programs.

VIDEO FROM LEARN LIBERTY

Below is a video from Learn Liberty, that talks about the ramifications of the new sharing economy. This sharing economy is challenging the status quo businesses that are protected by government regulations.

 

Related ArticleWhy Do People Think The Government Is The Economy? at austrianaddict.com.

Related ArticleI’m From The Government And I’m Here To Help, at austrianaddict.com.

Why Do We Give Political Power To The Economically Ignorant?

July 14, 2015

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We can all agree that a person has to have a high degree of expertise and ability to become a doctor. But does this expertise and ability in this particular field make this person knowledgeable in another field like, repairing his car? It has always amazed me that we give a degree of papal infallibility to politicians to make decisions outside of their area of  expertise. They have expertise in politics, which means they have expertise in verbal sleight of hand, which means they are great at fudging the truth without sounding like they’re fudging the truth. If the only negative consequences of the actions of politicians was to enrich themselves, break some rules, get family members government jobs, and live off of tax payers dollars, we could all live with that. But the amount of damage they do to the economy in general and each person in particular is exponentially more costly.

Here are some short comprehensive quotes from Thomas Sowell about economics and politics that we should think about before we proceed with the rest of the post.

1) “People need to be aware of the dangers in letting economic decisions to be made through the political process”.

2) “Just as a poetic discussion of the weather is not meteorology, an issuance of moral pronouncements or political creeds about the economy is not economics.”

3) “What is politically defined as economic planning, is the forcible superseding of other people’s plans by government officials.”

4) “In political competition accurate knowledge has no decisive competitive advantage, because what is being sold is not an end result but a plausible belief about a complex process.”

HILLARY CLINTON vs. ECONOMIC REALITY

one book with a mortar board, financial charts and a world globe, concept of faculty of economics (3d render) - Elements of this image furnished by NASA

In a speech today, Hillary Clinton, a noted Nobel Prize winning economist, presented some “unassailable” economic logic that I will attempt to logically assail. Here are some quotes from her speech, here and here.

“The evidence is in, inequality is a drag on our entire economy“.

Since all people have different skills and abilities, on the one hand, and value things differently, on the other, there is no possible way equality can exist. In fact, inequality helps drive our economy. Having different skills and desires allows each person to specialize in producing what they are skilled at producing. If I don’t have the skill or desire to produce food, it wouldn’t be good for me, or the economy, if I attempted to produced food. I can use my particular skill to specialize in producing something else and exchange it for food. When individuals specialize, more is produced while using less land, resources, time and capital. These excess resources and time can be used for other productive activities.

Mrs. Clinton should place the blame for inequality on consumers. Consumers decide what is a more important use of scarce resources and time based on what their value scales of consumption are. Trying to use government force to incentivize or constrain individual value scales, in the name of equality, lowers the over all wealth in an economy, which hurts everyone.

We have to build a growth and fairness economy. You can’t have one without the other.

I’m assuming she means individuals in government when she says “We”. Government politicians and bureaucrats can’t build an economy, they can only intervene in the economy. First lets define economy. An economy is what results when each individual freely decides what he will produce, consume, exchange and save. It is no more complicated than that. Mrs. Clinton, I hate to inform you but, as we discussed above, economic growth and fairness are mutually exclusive if fairness is defined as equality.

What does Mrs. Clinton mean when she uses the word fair? Fair is a word that doesn’t have to be defined by politicians because they know each person will place his own idea of “fair”, on what is being discussed. Using the weasel word “fair” is like giving each person a blank check to fill out. Politicians verbal sleight of hand plus the economic ignorance of the people, combine to produce the economic conditions that we are witnessing in Greece.

Wages need to rise to keep up with costs.

I assume the costs Mrs. Clinton is talking about are the costs of goods and services we consume. Does Mrs. Clinton’s political expertise allow her to understand that a wage is a cost factored into the process of producing goods or services that we consume? Peoples wages are not set by the altruism of an employer. Wages are set by the evil consumer. A business doesn’t add up all the costs of producing a good or service and then set the price hoping it will be met. An entrepreneur takes an educated risk that a good or service might command a certain price, and then sets out to produce that good or service at that price or lower. But there is no guarantee that he will get that price. The process of determining the value of labor starts with the consumer and moves backwards through the production process, and not the other way.

The law of supply and demand states that more will be demanded at the lower price than the higher price. And more will be supplied at the higher price than the lower price. Wages are set by this law, no matter how much politicians wish they shouldn’t be. Simply put, if you raise the price of labor above what the market will bear, there will be less labor demanded.

Most leftists think they can raise wages by decree and somehow that wage will be paid by the employer. Many conservatives think the cost of the wage will be passed on to the consumer. They are both wrong. If a good could bring in a higher amount of revenue at a higher price, it would already be priced at that level. The employer will have to figure out how to cut production costs before he raises prices, because the law of supply and demand says less will be sold at the higher price, and he doesn’t want to sell less. One of the first things he will look to cut is labor costs. This is why artificially raising the minimum wage above its market value leads to unemployment for minimum wage workers. Intervention into the economy by political do gooders, the economically ignorant, or tyrannical politicians, results in the same outcome. Their intentions don’t matter, the economic reality of their interventions matter.

HILLARY KNOWS BEST

Here are some quotes that show the arrogance of politicians in general and Mrs. Clinton in particular.

“This on demand, or so-called gig economy is creating exciting opportunities and unleashing innovation … but it’s also raising hard questions about workplace protection and what a good job will look like in the future.”

Here is how the last part should read because this is what she actually means. “… don’t you know that it’s also raising hard questions that you poor ignorant workers aren’t capable of answering. Only omnipotent government, led by someone with my superior intelligence, is capable of making these decisions. Government is the only thing that protects you from your bad decision-making, and a good job is what I think it should look like, not what you think it should be”.

“In an age of technological change, we need to provide pathways to get skills and credentials for new occupations and create online platforms to connect workers and jobs. There are exciting efforts underway and I want to support and scale the ones that show results.

I have a question for young people who have grown up using all this new technology. Are you more tech savvy than a sixty seven year old who, because of her status, has been sheltered from technology? Does she have any understanding of how Uber works? She has no idea how someone can make money using Uber, or how a person can make money sharing their house using Airbnb. She is stuck in the old economy of taxi cab medallions, hotel regulations, labor unions, licensing boards and government controls. She said she wants to “create online platforms to connect workers and jobs“. Does she not know that Uber is that platform, or does she just want government to be in control of the platforms? How much smarter are you about what is possible in the new economy, than Mrs. Clinton. She needs to be quite and get out of your way!

Mrs. Clinton’s totalitarian attitude reminds me of a quote by George Gilder: “The Ambitious agent of contemporary liberalism simply ensures that government will do nothing well, except to expand itself as an obstacle of growth and innovation. Government best supports the future by refraining as much as possible from trying unduly to shape it”.

We can’t let credentialed ignorance prevail, or as Thomas Sowell has so eloquently stated: “People who are very aware that they have more knowledge then the average person are often very unaware that they do not have one tenth of the knowledge of all of the average persons put together. In this situation, for the intellegentsia to impose their notions on ordinary people is essentially to impose ignorance on knowledge“.

Related ArticleThe New, Old, Buzz Words, Income Inequality, at austrianaddict.com.

Related ArticleIncome Inequality Part II: Increase The Minimum Wage, at austrianaddict.com.

Related ArticleThe “Equal Pay Day” Canard, at austrianaddict.com.

 

 

 

 

Must Reads For The Week 1/17/15

January 17, 2015

 

The pen is mightier than the sword...

 The pen is mightier than the sword… (Photo credit: mbshane)

THE HIGH COST OF GREEN

NYC Mayor De Blasio Just Banned Another Common Product, by Phil Hall, at thefederalistpapers.org. He is banning Styrofoam, which is used in such things as Styrofoam containers for food by restaurants and packing peanuts used in shipping and storage. De Blasio said, “…We have better options, better alternatives,……and those alternatives will soon become more plentiful and will cost less.” The Mayor apparently understands the concept that a greater supply reduces the price. But does he understand that if there is a lower cost better product it will be supplied by the market. If you ban something, obviously the next best lower cost alternative will take the banned products place. Oh the cost of being green.

Unrealistic Offshore Wind Project Gets Plug Pulled, by Phil Hall, at thefederalistpapers.org. National Grid and NStar ended contracts with Cape Wind because it missed the Dec. 31 deadline to obtain financing for the project. Even with the Federal Government willing to provide a $150 million loan, backed by your tax dollars, they couldn’t scam the private sector into financing the rest of the project. At least the Government didn’t mandate the wind farm be built. Voluntary exchange in the market just saved the tax payer $150 million. (Read more here, Cape Wind Is Dead at masterresource.com.)

EPA New Methane Regulations Aimed At The Fracking Industry, by Michael Casey, at cbsnews.com. Since shutting down Federal lands to the fracking industry didn’t stop shale oil production, the administration is going to use EPA regulations to try to put the fracking genie back in the bottle. This is just like the administration’s ‘war on coal’. The administration’s war on carbon based energy is really a war on American citizens. Even though economic reality will eventually win against Government central planners, the cost of the interventions will be paid.

THE STATE OF THE ECONOMY?

Yes Some Companies Are Cutting Hours In Response To Obamacare Mandates, at economicpolicyjournal.com. Employers are capping workers hours in response to the Affordable Care Act’s employer mandate. Another example of Government regulations hurting the people it’s trying to help.

Business Closures Now Out Number Business Start Ups, by Jim Clifton, at gallop.com. For the first time in 35 years the number of companies going out of business was higher than the number of business start-ups. This is due to economic forces correcting for the interventions into the market by Federal Government regulations, and the Feds artificially low-interest rates and electronically printing counterfeit money.

Labor Participation Rate Drops To 38 Year Low; Record 92.8 Million Americans Not In Labor Force, at zerohedge.com. Production creates wealth and consumption destroys what has been produced (wealth). Is an economy growing when the number of people who are producing is shrinking even though they are still consuming.

THE DYNAMISM OF THE MARKET

3D Printed Model Heart Helps Doctors Save A Little Girls Life, by Anthony Domanico, at cnet.com. This 3D scaled replica of this 4-year-old girl’s heart helped doctors plan for surgical options that may not have been possible without 3D printing technology.

Man Saves Wife’s Sight By 3D Printing Her Tumor, by Sara Breselor, at makezine.com. This husband, with no medical background, used his knowledge of 3D graphics and printing to save his wife after she was misdiagnosed by doctors. He 3D printed a model of his wife’s skull and shopped it around to neurosurgeons until one agreed to try a different kind minimally invasive procedure rather than actually cutting open her skull, lifting the brain, and removing the tumor. He has unknowingly pioneered a new way of medical diagnosis.

The Left’s War On Uber, Sharing, And The Poor, by Andrew Syrios, at mises.org. This article shows some of the new businesses models like Uber, Lyft, RelayRides, FlightCar, Airbnb, Kickstarter, and Prosper, that are competing with status quo business models. The status quo businesses are lobbying Government to get rid of their new competators instead of spending their time trying to provide a better product or service for their customers. Economic forces, not Government, will decide who wins.

LET’S LIGHTEN IT UP A LITTLE BIT

Venus Williams And The Best Ball Boys In The World, at youtube.com.

Top 10 Things That ‘Will” Happen In 2015, at zerohedge.com. I don’t think so.