AUSTRIAN ECONOMICS ADDICT

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

Obama Would Like To Tell You How To Budget, at chicksontheright.com. Where do you start with this video? The fact that the guy who has added 1 trillion dollars to the deficit on average every year since he became President is telling someone who makes 36 thousand dollars a year how to budget his money to afford health insurance is completely laughable. His Affordable Care Act has made health insurance more expensive instead of “affordable”. But what is more unbelievable about this video is when he chastises people for not budgeting money to get health insurance before they get sick because the cost of paying after they get sick is greater. Doesn’t the smartest man to ever become president realize that Obamacare creates the incentive for people to do the exactly what he is chastising them for doing. When an insurance company has to insure a person in spite of preexisting conditions,what does he think people will do. He is either ignorant, or just a politician.

NSA -Fan Feinstein Slams CIA Spying And Intimidation, at zerohedge.com. Senator Feinstein doesn’t like the CIA spying, and by default, intimidating congress, but she didn’t have a problem with the NSA intimidating all of us through data mining {spying}. She said the CIA appears to have violated the Fourth Amendment, which bars unreasonable searches and seizures, as well as various federal laws and presidential executive order that prevents the agency from conducting domestic searches and surveillance. It’s not OK when her constitutional rights are violated by Government, but it’s fine when yours and my constitutional rights are violated by the NSA.

The Devil Lurking In The Retail Store Closure Details, at zerohedge.com. 1) Technology has been a part of the decrease in the need for brick and mortar stores. 2) Spending on consumer goods doesn’t grow an economy. Consumption is an act of destroying what has been produced. Production is what allows us to consume. With the work force participation rate at its lowest since the late 70’s, less is being produced, therefore less can be consumed. 3) Stimulating consumption through Government spending, the Fed electronically printing counterfeit money along with a zero interest rates policy, created a false economic reality. Brick and mortar stores were built on false information transmitted through the economy by Government stimulus and Fed printing. Under normal market conditions these stores wouldn’t have been built. Because economic forces are always trying to correct Government interventions, these stores, which should have never been built, are being liquidated. 4) Fed counterfeiting money through QE’s and zero interest rates can only give legs to a false reality for so long before economic forces eventually bring production and consumption back in balance.

Police Use Of Force Drops 60% When Officers Required To Wear Video Cameras, by Jay Syrmopoulos, at benswann.com. Complaints against police have dropped by 88% and use of force by police has dropped by 60% in one year since officers started wearing cameras. So let me see if I understand this, monitoring people in positions of power keeps them from abusing that power. The founders gave the press constitutional protection to monitor politicians and bureaucrats for the purpose of protecting us from their abuses of power. When the vast majority of the mainstream press believes in big Government, they move from being a watchdog, and toward becoming a propaganda arm of the very entity they are supposed to monitor.

Lights, Camera, Arrested: Americans Are Being Arrested For Filming Police, by John Whitehead, at rutherford.org, and How Are Lois Lerner’s Emails Not Front Page News, at gretawire.foxnewsinsider.com. These are examples of people with Government sanctioned power not wanting to be monitored, in the first article, and not being monitored by the press in the other.

Venezuelans Marked With Numbers To Stand In Lines At Government Supermarkets, by Linette Lopez, at businessinsider.com. I saw this at aei-ideas.org. This is the result when you move toward central planning, whether it is socialism, communism, crony capitalism, fascism etc, and away from free market capitalism. Look at this Graphic Of The Day: Socialism vs. Capitalism, by Mark J. Perry, at aei-ideas.com.

Liberals Protest $100 Million Donation To Hospital Because David Koch Gave The Money, by Robby Soave, at dailycaller.com. Would these leftists be protesting if the Government had given the hospital a grant of 100 million dollars, money that was not donated to the Government by taxpayers, but was taken under the threat of force by the IRS.

Articles like the ones below tell me people are starting to understand the Federal Government is not just too big but should be rolled back. Idaho Legislators Vote On Emergency Bill To Nullify Federal Gun Laws, by Michael Lofti, at benswann.com, Tennessee Legislators Vote To Nullify Some Federal Roadside Checkpoints, by Michael Lofti, at benswann.com, South Carolina Democrats and Republicans Vote To “Nullify” NSA, by Michael Lofti, at benn swann.com, and Oklahoma Legislators Pass Bill Legalizing Gold and Silver Tender: Nullify The Fed?, by Michael Lofti, at benswann.com. This last article about legalizing gold and silver as payment of debt is the one the Government will fight against the hardest. The Government wants the Fed to maintain its monopoly on money creation because the growth of the U.S. Government is financed through the Feds ability to create counterfeit money and buy Government debt. They will fight this if it passes just like they are fighting against virtual money like Bitcoin.