Posted tagged ‘Student Loan Bubble’

Must Reads For The Week 7/29/17

July 29, 2017

Single Payer Food Insurance, by Robert Higgs, at lewrodkwell.com. The free market has no problem supplying the U.S. with enough food. In fact the free market does such a good we have an obesity problem in the U.S. Would a single payer food insurance program work better or worse than our current free market system as hampered as it is. Why would we want a single payer healthcare system?

How OPEC Became Irrelevant, by Olav Dirkmott, at mises.org.  OPEC  used to be able to cut production and drive up oil prices. Not anymore. The American shale industry has become profitable at prices in the 40-50 dollar range. Shale producers have filled the void created by OPEC cuts which has kept the price down.

Banks Are Scheming To Dominate A Future Cashless Society, by Shaun Bradley, at lewrockwell.com. Governments want to phase out cash. If every transaction becomes an electronic transfer governments and banks gain control over the wealth of each individual. A cashless society becomes exponentially less free.

“Shrinkflation” – How Food Companies Implement Massive Price Hikes Without You Ever Noticing, at zerohedge.com. Companies are putting smaller amounts of product in their packaging. We don’t notice because the package looks about the same size. We are paying the same price or a little more for less product. I noticed this a few years ago.

Seattle’s Minimum Wage Supporters Ignore The Facts, by Andres Syrios, at mises.org. Minimum wage laws hurt the workers the laws were designed to help. The passage of time always shows socialist policies won’t work. Although economic laws prove this before the fact.

Tracking The Great Escape From Cook County And Illinois, at zerohedge.com. The decreasing population of Illinois in general and Cook county in particular shows people voting with their feet. Big government makes things worse, not better.

Taiwan – Based Foxconn Will Invest $10 Billion In The US And We Can Thank American’s Trade Deficit For that Inflow, by Mark J. Perry, at carpediemblog. Trade deficits and trade surpluses don’t disadvantage anybody. Trade benefits both parties in the exchange or the exchange wouldn’t happen.

The Student Loan Bubble And Economic Collapse, at theburningplatform.com. The U.S. has $1.3 trillion in student loan debt. $120 billion is in default. 27% of students are a month behind on payments. These defaults will grow in number. The bubble will eventually burst, which is a good thing. Unless politicians use tax payer dollars to bail out big college.

The High Cost Of Free College, by Nathan Keeble, at mises.org. Tennessee is going to pay tuition for anyone who is seeking an associate degree from a community college. Do you think single payer college will work?

A Shocking Thing Happened To College Tuitions In 2016, at zerohedge.com. Is the college bubble reaching its peak? In 2016 college tuition grew at 1.9%. Since 1990 tuition has grown at 6% a year on average.

Us Congress On Pace To Be The Least Productive Legislature In 164 Years, at zerohedge.com. What does productive mean in this context? If productivity means passing regulations than I am happy congress is not productive. If productivity means getting rid of regulations (like Obamacare) than I’m not happy.

A Millennial Explains How Post-Modern Liberalism and Failed Parenting Led To The Snowflake-Ification Of A Generation, by Mark J. Perry, at carpedicmblog. Excerpt from the article: “Most millennials grew up with parents who did everything they could to provide their children with happiness and emotional well-being, at the expense of personal responsibility and self-reliance.” Protecting people from reality produces unrealistic people.

Who’d a-thunk It? There Are Ingerent Differences In How Men’s And Women’s Brains Are Wired And How They Work? by Mark J. Perry, at carpediemblog. Nurture or nature? Nature wins.

Declassified Memos Show Obama’s NSA Spied On Americans Way More Than You Thought, at zerohedge.com. Is anyone surprised that this happened. The question is; is this still happening?

FBI Seized Crushed Hard Drives From Home Of Wasserman-Schultz’ IT Aide, at zerohedge.com. These guys learned from Hillary Clinton. But wait there is more.  Arrested DNC Staffer Awan Retains Long-Time Clinton Associate Fro Legal Help, at zerohedge.com. The Democrat party had Pakistani IT workers on their payroll. Imran Awan was arrested at Dulles airport trying to flee the country. He was charged with bank fraud. There is a real crime here. The media has not covered this story. Why?

CARTOONS

From therightreasons.net.

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Must Reads For The Week 4/8/17

April 8, 2017

Some On The Left Now Criticize The Students They Created, by Dennis Prager, at townhall.com. Here is an except from the article: “It is the left that created the moral monsters known as left-wing students who do not believe in free speech, let alone tolerance. It is the left that taught generations of Americans that everyone on the right is sexist, intolerant, xenophobic, homophobic, racist and bigoted. It is the left that is anti-intellectual, teaching students to substitute feelings for reason.

Snowflakes Demand University President’s Resignation After Refusal To Support Safe Spaces, at zerohedge.com. Here is a recent example of what the article above talks about.

New York Fed’s Dudley Admits Fed-Inspired Student Debt Bubble Is Headwind for Economy, at zerohedge.com. College Graduates are becoming debt serfs. This is similar to the housing bubble. When will this bubble burst.

South Korean School Teachers Who Earn Over A Million Dollars, at economicpolicyjournal.com. With the price of college sky rocketing, lower cost market alternatives to our current education monopoly will be viable.

IRS Seized $17 Million From Innocent Business Owners Using Asset Forfeiture, at reason.com. Innocent people are getting their bank accounts seized without being charged with a crime. This is not supposed to happen in America. This is an example of the break down of the rule of law.

Audit The Pentagon, by Ryan McMaken, at mises.org. Every government agency should be able to cut their budget by 15%. Shouldn’t they?

The Next Subprime Crisis Is Here. 12 Signs That The U.S. Auto Industry’s Day Of Reckoning Has Arrived, at zerohedge.com. Loaning money to people who can’t pay it back is a bad idea. We didn’t learn anything from the housing bubble. Did we?

3 Lessons Learned From Wisconsin’s War On Foreign Butter, by Ryan McMaken, at mises.org. People are fighting back against Government regulations on Butter. First they are going across state lines to purchase the butter they want. Some consumers are banding together to file a suit against the law which bans this foreign butter.

Creative Destruction: Thousands Of Traditional Retailers Close As Consumers Switch To Online Retailers Like Amazon, by Mark J. Perry, at carpediemblog. Sears started as a mail order warehouse business. Now they are losing to Amazon which is warehouse delivery business. Everything old is new again.

Homeowner’s son Kills Three Would-Be Burglars With AR-15, at nypost.com. Who says AR-15’s aren’t good home defense weapons?

Must Reads For The Week 4/9/16

April 8, 2016

 These Have To Be From The Onion, Don’t They?

Sec. of DOT Denounces Inequitable Distribution Of Sidewalks, at tammybruce.com.  Statements from bureaucrats, like Transportation Secretary Anthony Foxx, reveal what they think of our intelligence. I don’t think they realize these statements also reveal what some of us think of their stupidity. From the article. “Only 49% of low income neighborhoods have sidewalks compared to 90% of affluent neighborhoods.” Since 51% of low income neighborhoods have sidewalks and 10% of affluent neighborhoods don’t have side walks we can safely say that sidewalks are not the cause of the economic status of a neighborhood.

Obama Administration To Landlords: You Cannot Refuse To Rent To Criminals, at tammybruce.com. Quote from the article, “The Fair Housing Act doesn’t include criminals as a protected class, but HUD says refusing to rent based on a criminal record is a form of racial discrimination, due to racial imbalances in the U.S justice system.….” What if a landlord refuses to rent to white criminals, is that racial discrimination? What if black landlords refuse to rent to black criminals, is that racial discrimination? You have to have a useless degree from an elite university and no common sense to say things like this. Or as my friend has so eloquently said, “One of us in this conversation is a real dumb ass.

Watch TA’s $1.4Million ‘Randomized iPad App Randomly Point Right or Left, at tammybruce.com. I can’t even explain this. You have to watch this short video to even believe this is real. This is what 1.4 million in tax payer dollars gets you. If they would have paid me $1.4 million, I would have drawn an arrow on a piece of cardboard and instructed the TSA agent to randomly flip it to the right and left.

Bubbles Bubbles Everywhere.

Here We Go Again: Obama Pushes Banks To Lower Home Loan Standards, at zerohedge.com. Lowering lending standards (along with central bank money printing) lead to the housing bubble of 2008. If at first you don’t succeed try try again.

Why The Auto Loan Bubble Matters, by Edward Niedermeyer, at thefederalist.com. Sub-prime auto loans allows people, who wouldn’t meet normal lending standards, to get car loans. Remember the 08 housing boom and bust.

More Than 40% Of Student Borrowers Aren’t Making Payments, by Josh Mitchell, at wsj.com. Many of these student loans were made to young people who shouldn’t have gone to college in the first place. Graduates can’t find jobs that pay enough to live on let alone pay their student loan debts. The government student loan program is making debt serfs out of students. It’s a student loan bubble.

Green Energy Boondoggle.

Ethanol Is Bad For Cars, The Environment, The Poor, And America, at fee.org. This is an example of why it is hard to shrink government. Even though ethanol increases green house gas emissions and is more expensive than gasoline, Big Agriculture will not allow their government subsidies to go away. This proves government is too big when it can’t even get rid of this boondoggle.

Another Government Backed Green Energy Company Goes Bankrupt, at dailycaller.com. Once again tax payer dollars are wasted because politicians and bureaucrats are”investing” in our future. Read – Green Energy Proving Venture Capitalist Are Smarter Than Government Bureaucrats.

Check Mate.

Oops: Hillary Supporters’ Twitter Hashtag Backfires, at tammybruce.com. Hillary supporters were playing checkers while everyone else was playing chess.

Bill Clinton Sec’y Of Labor (Unknowingly) Gives 4-Point Endorsement Of Ted Cruz, at tammybruce.com. One mans condemnation is another mans endorsement.

Making A Stand Against Political Correctness.

Standford Students Fight Campus Iconoclasts For Western Civilization, by Joy Pullmann, at thefederalsit.com. Here is an excerpt from the article, “Most Americans, who are part of Western civilization, know nothing of its achievements, making them prey to precisely the sort of grievance-mongering now infecting not just American campuses but our politics and culture….How Can Standford and other name-brand graduates go on to lead our society if they dislike it so much they do not want to learn its history? How can they hope to correct Western civilization if they do not know what it is?” …..”One does wonder how young people who confuse tantrum-throwing with argument managed to get admitted to Stanford in the first place.”

Cartoons

Political Cartoons by Glenn McCoy