Posted tagged ‘Venezuela Shortages’

Must Reads For The Week 8/15/15

August 14, 2015

The pen is mightier than the sword...

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

Fed Finally Figures Out Soaring Student Debt Is Reason For Exploding College Costs, at The Fed has figured out that when money, from debt and money printing, is injected into a particular area of the economy, it raises the price (creates a bubble). Does this revelation hold true for all of the Feds printed money that has gone into the stock market?

The Doctor Won’t See You Now, at  The laws of economics will be strictly obeyed.  The money quote from the article, “Many exchange policies limit patients’ choices of doctors and hospitals in order to keep premiums down in the face of Obamacare’s intrusive regulations and costly mandates.”  Who could have predicted that?

Navajo Nation Vows To Hold EPA Accountable, at  The EPA is responsible for releasing 1 Million, 3 Million gallons of toxic waste water into Colorado’s Animus River.  Like all Government agencies they are currently blaming the contractor for the accident.  Tough luck for New Mexico and Utah who are downstream from the toxic release.  I haven’t heard a peep from the media or environmental groups about this.  I guess it’s neither illegal nor a big deal if the government does it.  I wish the Navajo nation good luck in any lawsuit.  It’s great to be the tyrant, king!

Did EPA Intentionally Poison Animus River To Secure SuperFund Money?, at  It appears that a retired geologist predicted that the EPA would foul the Animus River a week before it actually occurred.  The implications of his accusations are chilling.  Never let a good crisis go to waste?

The Battle Intensifies: Police Raid Uber’s Hong Kong Office, at  Car Wars! Return of the Jitneys continues.  At this point, a rational government would realize they can’t put the genie back in the bottle.  Protecting special interests always trumps rationality but it can’t defeat the basic laws of economics.

Going Breadless in Venezuela, at  Socialism and price controls rear their ugly head again as bread shortages are the new norm in Venezuela.  Weren’t there food riots last week?  Don’t they have a toilet paper shortage as well?  Hey, let them eat cake!  Sorry, that’s reserved for the rulers.

Minimum Wage Effect?, at Carpe Diem Blog.  January to June job losses for Seattle area restaurants reaches 1300.  While there are many reasons for declining employment, artificially raising the price of labor means you will have less of it.  Businesses must make adjustments to increased costs.  My guess is that one unintended consequence will be less tipping for servers.

China’s Currency Policy: Devastating Manipulation or a Form of Generous Foreign Aid to Americans?, at Carpe Diem Blog.  This is a very different take on China’s recent efforts to devalue their currency.  Government intervention in currency whether it is printing counterfeit money, zero point interest rates, fractional reserve banking, or devaluing will always have unforeseen and negative consequences.  As for devaluing currency, how do you jump off a cliff halfway?

The Disturbing Messages In Police Recruiting Videos, at The Washington Post.  You don’t have to watch all the videos to get the point.  Why would you stress violent confrontation in your recruiting videos?  Even the Marine Corps doesn’t do that and they have the best military recruiting videos bar none.  If it is part of the recruiting tactics then it is likely the emphasis of their training.  When the only tool you have is a hammer, everything looks like a nail.  Make sure you check out the last recruiting video by the Decatur Alabama police.  Quite the difference!

Serfdom USA!, at  Let’s end the week with some laughs.  This is for all of the true Austrian Economics Addicts out there.



Must Reads For The Week 4/11/15

April 11, 2015
The pen is mightier than the sword...

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

A Ticket To Prosperity, by Walter E. Williams, at Quote from the article, “Today’s third world poverty is mostly self-inflicted….The growth-promoting characteristics of the non-poor countries that are all but absent in poor countries are protected private property rights, personal liberty, enforcement of contracts, rule of law and a market-oriented economic system.

UAW Reaps What Obamacare Sows, at Obamacare’s “Cadillac tax” on gold-plated healthcare plans will be implemented in 2018, and many UAW workers have such plans. The UAW helped pass the bill that is going to cost members their healthcare plans. Does anyone want to bet that the UAW gets a waiver on the Cadillac tax?

Obamacare Heading For Death Spiral: Premiums Rising Rapidly, Young And Healthy Bailing Out, by Sean Parnell, at When insurers are forced to raise premiums to cover Obamacare mandated benefits, healthy policy holders drop coverage. This causes insurers to raise premiums again, which leads to more policy holders dropping coverage, which leads to……..

Medical Wait Times In Canada’s Socialized Healthcare System, Video below. This is where we are headed.

Why Do Progressives Hate Walmart For Low Prices And 3% Profit Margin, But Love High-Priced Apple And Its 24% Profit Margin?, by Mark J. Perry, at carpediemblog. Walmart isn’t the Apple of the progressives eye.

Venezuela Reaches The Final Stage Of Socialism: No Toilet Paper, by David Boaz, at A socialists utopia always has shortages, waiting lines, and black markets.

The Irony Of Michigan’s Film Incentive Program, at Michael Moore received more than $800 thousand from The Michigan Film Office, for making a film criticizing corporate welfare.

Oh, Just Secede Already, Arizona Legislature, by Laurie Roberts, at The Arizona House approved a bill declaring that, “the sovereign state of Arizona will not enforce any executive orders issued by the president of the United States or any policy directives from the Department of Justice unless they are affirmed by Congress and signed into law.” Reclaiming freedom will come from the bottom up.

If You Can’t Wait To Read Bernanke’s Memoirs. Here Are Some Timeless Statements By The Former Fed Chairman, at Read Bernanke’s statements leading up to the 08 collapse, you will be amazed. Could he have been more wrong about the collapse that his actions as Fed Chairman caused?

Elvira Nabiullina: I Am Not Ben Bernanke, at Russia’s central bank governor Elvira Nabiullina will do the opposite of what other central banks around the world have done. She has the guts to do what will work, instead of what is politically beneficial.

Lane Bryant Joins The “Let’s Rewire Men” Craze, by Chris Rossini, at Lane Bryant is trying to “redefine society’s traditional notion of sexy with a powerful core message: ALL women are sexy”. Good luck with that!