Posted tagged ‘What Is Economic Growth’

Must Reads For The Week 12/15/18

December 17, 2018

Egypt Restricts The Sale Of Yellow Vests Suspecting That Egyptians Might Copy The French, at egyptianstreets.com.  This could be a satirical headline. But it’s true. These geniuses can’t possibly believe that the vests are causing the protests, can they? Just remember these are the same people who think guns cause murder.

Shocking Data Show 40% Of American College Students Never Graduate, at zerohedge.com. 80% of those who don’t finish college have student loan debt. Why do we push college on individuals who have no business going in the first place. College is a racket. All it does is create debt serfs.

Elon Musk’s Taxpayer-Funded Gravy Train, by Allan C. Brownfeld, at mises.org. Elon Musk is a multi million dollar welfare recipient. His businesses wouldn’t survive unless they were subsidized by taxpayer dollars.

House Passes $867 Billion Farm Bill Which Rejects Curbs On Food Stamps, at zerohedge.com. I’m surprised Elon Musk hasn’t figured out a way to get his hands on some of this money. The Government is confiscating the production of some people and redistributing it to others people who haven’t earned it. What is sad is that the supposed party of small government (Republicans) voted for this big government bill.

McKenzie Adams, Alabama 9-Year-Old Who Hung Herself, Faced Racist Bullying, Her Family Says, by Issac Stanley-Becker, at washingtonpost.com. This story is an example of the main stream media shaping the news by what they don’t report. I read the first page of articles of this stories google search. Not one article mentioned that the bullies were black kids. If you read the headlines you would think white kids bullied her. Ask yourself this, if it was white kids doing the bullying, would it have been front page news.

How Government Bureaucrats And The New York Times Are Misleading The Public About Climate Change, by Robert P. Murphy, at mises.org. The government and the media are teaming up to feed us propaganda about global warming.

We Need Unilateral Free Trade With Post-Brexit Britain, by Ryan McMaken, at mises.org. The EU and pro EU bureaucrats in Great Britain are trying to over turn the vote of the British people who decided to get out of the EU. Bureaucrats say they can’t come up with a Brexit deal they can agree on. Why do you need a new “deal” to get out of the old deal. How about you just state that the EU rules no longer apply. That’s one sentence. These bureaucrats are fighting the Brexit straw man they created in order to run out the clock and force another Brexit vote in the hope it turns out different this time.

“Peak TV”: Streaming Originals Overtake Basic Cable, at zerohedge.com. This is an example of the creative destruction of the market. Streaming came into the market and has provided a lower price product that individuals like.

What Is Economic Growth? (And What Is It Not?), by Per Bylund, at mises.org. Increasing productivity is economic growth. In other words producing more output with less imput. Here is an except from the article: “….increased productivity really increases the purchasing power of all money, including (and most importantly) low wages, thus making it much more ‘affordable’ to satisfy one’s needs and wants. But note that the distribution of such prosperity cannot be equal or instantaneous: any new innovation, new good, new service, etc will be created somewhere, by someone– it cannot be created for seven billion plus people instantaneously. So anything new, including new jobs and new productive abilities, has to spread–as ripples–across the economy.

The Myth Of The Neutral Interest Rate, by Frank Shostak, at mises.org. It is impossible for Federal Reserve policy makers to know what the neutral interest rate should be at any particular time. Excerpt from the article: “Now, even if the Fed were to know the level of the neutral rate it could not achieve economic stability. The reason being that the Fed would have to pursue active monetary policies to maintain the neutral rate target”

“This act however, will lead to boom-bust cycles and economic instability. Hence, there cannot be such thing as the neutral interest rate policy, which will result in economic and price stability.”

“Rather than targeting the money market interest rate towards the unknown neutral rate by means of monetary tampering, which leads to more instability, a better alternative is to leave the economy alone, In a free market economy without a central bane, no one would be conducting any kind of monetary policies.”

“In the absence of central bank monetary policies, which enrich some individuals at the expense of other individuals, interest rates that emerge will be truly neutral.”

“In a free market, no one then would be required to establish whether the interest rate is above or below some kind of imaginary equilibrium.”

 

THE BREAK DOWN OF THE RULE OF LAW

DEEP STATE INSIDERS ABUSES OF POWER

Google CEO Exposes Shocking “Full Extent” Of Russian Meddling In 2016, at zerohedge.com. There is very little Russian meddling compared to how much is portrayed by the main stream media.

Despite Comey’s Struggle With Amnesia, Ex-FBI Director Confirms Dossier Totally Unverified, at zerohedge.com. “I Don’t Recall.” This is the phrase that will get you out of a perjury trap. I learned this from the Clintons back in the day. Comey and all insiders know the importance of this phrase. They use it all the time when being questioned. But let me give you better advice. Don’t talk to law enforcement. Assert your fifth amendment rights.

Judge Overseeing Michael Flynn’s Sentencing Just Dropped A Bombshell, by Margot Cleveland, at thefederalist.com. They set a perjury trap for Flynn. He pleaded guilty to a crime he didn’t commit because he didn’t have the resources to fight an all-powerful government.

Former FBI SSA Exposes McCabe & Mueller’s “Unethical, Target & Destroy Coercion” Tactics, Defends Flynn, at zerohedge.com. If you are ever questioned by law enforcement always remember this little fact before you decide to talk or not talk. They can lie to you, but if you lie to them you can be charged with perjury.

DOJ Destroyed Missing Strzok/Page Texts Before IG Reviewed Them, by Bre Payton, at thefederalist.org.  –  Also –  Mueller Destroyed Messages From Peter Strzok’s iPhone, OIG Recovers 19.000 New “FBI Lovebird” Tests, at zerohedge.com. Hillary did this and got away with it. She destroyed Emails after they were subpoenaed. You or I could never get away with this. Only Insiders can get away with this.

 

SATIRICAL HEADLINES

Clintons Outnumber Crowd At Latest Speaking Engagement, at babylonbee.com.

Ninth Circuit Court Rules Border Wall Must Be ‘Short’ Enough That A Pregnant Woman Carrying A Child In Each Arm Could Be Expected To Scale It Without Difficulty’, at babylonbee.com.

Steph Curry Questions Whetherr Michael Jordan Actually Went To Space To Help Bugs Bunny Win A Basketball Game, at babylonbee.com.

Hollywood Working ON Official List Of Comedians It’s OK To Laugh At, at babylonbee.com.

Heisman Winner Proves If You Work Hard And Believe In Yourself, You Can Gave Journalists Try To Ruin Your Life By Combing Through Your Old Tweets, at babylonbee.com.

CNN Opens Up 24-Hour Anonymous Tip Line For Anyone With Synonyms For ‘Meller Closing In’, at theonion.com.

 

CARTOONS

from theburningplatform.com

Political Cartoons by Steve Kelley

Political Cartoons by Henry Payne

Political Cartoons by AL Goodwyn

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