Economics

Bankrupt Feds Grant $1.5 Million to Study "Why Lesbian Woman Are Overweight"

Oh, boy. Why can't they just leave people alone, on all levels -- financial, sexual, anything?

Just remember, they do it because "they care".

 

http://cnsnews.com/news/article/feds-spend-15-million-study-why-lesbians...

 

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NY State Judge Halts NYC Soda Cup Ban - For Wrong Reasons

The judge called the Bloomberg rule "arbitrary and capricious". If he wanted to rule on the laws he is supposedly there to uphold, he could have said that a state or city ordinance that interferes with private contract is unconstitutional.

But don't trust judges to bother reading the Constitution.

 

http://www.foxnews.com/politics/2013/03/11/ny-judge-halts-bloomberg-ban-...

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Fed Bureaucrats Telling Underlings to "Make Sequester 'Cuts' As Painful As Possible"?

Yep. As we mentioned on radio, podcast, and here, there are no real cuts. That is foremost. What they call cuts are really just increases that aren't as big as they had wanted. Aggregate federal spending will increase over ten years, not decrease. However, the shifting of payments is such that the bureaucracies can make it LOOK like there are cuts now. It's like this: Let's say your family decides to spend ten thousand dollars on a vaca to Austria that will occur in December. That means your overall spending for 2013 will go up by $10,000. But then you make the decision to skip buying that second can of beans for dinner. You just "cut" a dollar-fifty. And it's a terrible, terrible cut.

Airports Contradict Napolitano Claims of Lines from Lack of TSA Funding

They lied about cuts in the budget. They lie about the constitutionality of the presence of the TSA in airports (actually, they never even bother to try to justify their presence in the airports), and we will see more lies as they try to scare people into thinking the world will end due to the non-cuts of what is known as the "sequester".

Astounding.

 

http://www.telegraph.co.uk/news/worldnews/northamerica/usa/9908416/Airpo...

 

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Administration Claim of Pink-slipped Teachers - False

Again, is anyone surprised?

 

We need to remind folks that aggregate federal spending is going to increase $110 billion over the next ten years.

 

http://www.washingtonpost.com/politics/teacher-pink-slips-claim-by-dunca...

 

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An Interesting Article on the Hidden Loan Subsidies the Feds Give Banks - At the Expense of Taxpayers

Hope you can take a look.

This sort of analysis can also be applied to citizens who receive college loans from the feds. in a private market, where the government weren't propping up certain businesses (banks), or endeavors (going to college), the individuals who wanted to engage in certain practices like banking or going to college might have to take on loans, but those loans would be given by only private entities. Those entities would have great incentives to be more careful about the folks to whom they lent money, and the rates would be mor ein line with the real risks posed. In a government/state system, the risks are hidden by the promise of government bailouts, and the rates paid are artificially lower than what would be offered in the private market (in most cases).

The Boycott We and Other Liberty-Minded People Espoused Gains Ground

Gun and ammo dealers in thirty-four states are cutting government out of their business transactions.

If you have one such gun or ammo business in your area, and you approve of their pushing back against the state, give them your business and tell them why!

http://cnsnews.com/blog/gregory-gwyn-williams-jr/firearms-companies-rest...

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Listen to Flava Flav - 'Fiscal Cliff' Cuts Are INCREASES!

Don't, don't-don't-don't. Don't, don't-don't-don't. Don't believe the hype...

http://www.forbes.com/sites/paulroderickgregory/2013/02/19/the-995-billi...

The federal government will NOT spend less under "sequestration".

Anyone surprised?

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Financial Times Reports - US Businesses Ready to Cut Hours, Take Penalty Due to US Med Fascism Law

So let's see. The "Affordable Care Act" breaches the Constitution by employing a misreading of the interstate commerce clause. It invades and destroys the 4th Amendment's proscription against unwarranted searches and siezures (by taking your medical records), it forces on insurance companies the mandate that they accept high-risk folks at rates far below the real costs the folks will likely cost in claims, and it (like minimum wage laws) prices low-skilled employees out of the workforce.

But that's okay. It feels so cozy.

Fascism often did to those who wanted it in Europe.

As Public Image Limited said, "This is what you want. This is what you get."

http://www.ft.com/intl/cms/s/0/b2bce37c-7644-11e2-8eb6-00144feabdc0.html...

Fact-Checking the Obama State of the Union Speech

How is it a union if the parties involved aren't free to leave?

Fact: Obama's claim that govt-run Pre-K does anything to increase test scores of kids beyond third grade is false.

Fact: Obama's claim that gas mileage standards have doubled the distance an average car can travel on a gallon of gas is false.

Fact: Obama's claim that there would be drastic "cuts" if there was not a budget deal is false. There would only be smaller increases in the ever-growing government beast. His implication that it was the Republican Congress that proposed the so-called "sequester" is also false. He proposed it as a way to try to get Republicans to pass increased taxes on the middle and high earning citizens in the US.

Russian Gubment Buys Tonnes and Tonnes of AU

Putin and his politicos say they want to be prepared to get away from the US Federal Reserve Note, the EU currency and the Yen, because those are being massively inflated.

 

He is correct.

http://www.bloomberg.com/news/2013-02-10/putin-turns-black-gold-into-bul...

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Feds Go After Accounting Firms -- As Accounting Firms Begin to report BAD Credit Ratings of Gubments

Anyone notice how the feds and various state Attorney's General are attacking Standard and Poors? Talk about trying to hide gross legislative incompetence. The feds passed the unconstitutional "Sarbanes-Oxley" after Enron (and it wouldn't have stopped the Enron thing). That forced financial institutions to have to go to outside accounting firms rather than doing it in-house. But, amazingly, Sarbanes-Oxley didn't stop corporations like AIG, Bears-Sterns, GM, Chrysler, Fannie and Freddie (created by the feds) and others from having WAY outta balance finances.

In the 'No Kidding' Department - Medical Fascism Law Will Push 7 Mil to Lose Health Insurance

We tried to warn people. We tried to spread the word about what happens when politicians raise the costs of production for private businesses. Now the CBO, which was shilling for the medical fascism law BEFORE, and "underestimated" nearly every cost of the bill, NOW it is reporting new, more disastrous numbers... Which will turn out to be too low.

Welcome to economics.

http://www.washingtontimes.com/blog/inside-politics/2013/feb/5/obama-hea...

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Argentine Gubment Sets Two-Month Freeze on Food Prices - Bad Idea

This is what inflating the money supply inspires politicians to do as the prices inevitably arrive. They add salt to the wounds. In this case, they are going to freeze food prices for two months.

All that does is begin weakening the incentives for suppliers and producers to bring in more food. Watch for shortages in a week.

Then, violence.

Lots of violence.

Not a good situation.

http://www.myfoxny.com/story/20958959/argentina-freezes-prices-to-break-...

 

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Great Work by CNS News: Fed Medical Fascism Plan Will Cost US Families $20K per Year

They published this a couple of days ago. Good job CNS!

So we have the regulation of businesses (both the insurance companies and the other companies forced to buy insurance) and individuals contrary to the Constitution, as well as the invasion of the 4th Amendment, wherein the feds collect your private medical data without warrants.

Sheep on a farm.

Animal Farm.

http://cnsnews.com/news/article/irs-cheapest-obamacare-plan-will-be-2000...

 

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A Great Example of How Gubment Harms Consumers

People often tell free market boosters that they worry about unencumbered businesses colluding to raise prices. As Dominic Armantano's excellent book "Antitrust and Monopoly" spells out, business owners compete to LOWER costs and costs of production because they will gain market share, and after they gain market share, the mere possibility that someone else might enter the market should they raise prices contrary to what consumers want -- well that keeps them striving to keep prices low and lower them all the time. When gubment gets involved, however, it's a different story...

Here is a great example. Milk in Louisiana:

 

http://www.foxnews.com/us/2013/01/27/louisiana-stops-sale-cheap-milk-at-...

 

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Cheers to David Mamet! He Comes Out Strong for Individual Liberty, Free Markets and the Right to Self Defense!

Awesome. Kudos to Mr. Mamet for not only writing such a powerful defense of the subjective nature of all economic decisions, but also for such a fiery verbal punch into the gut of conceited statism.

Beautiful to see. Mr. Mamet recently announced that he had turned away from his former left-statist ideology. He has clearly been diving deep into the waters of free market economics and libertarian philosophy, and he has clearly been using logic to great effect. Great essay.

http://www.thedailybeast.com/newsweek/2013/01/28/gun-laws-and-the-fools-...

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Missouri Bill Would TAX Video Games that Depict 'Violence'

Nothing like those baby-boomers who were all for freedom of expression long, long ago. Again, we must note that a video game, a movie, a book or piece or music or painting CANNOT be VIOLENT unto itself! They are depictions, or all kinds of things, and do not bring direct harm to another person. The very term "violent video game" is erroneous and works to prejudice people before the argument is even engaged.

Also, we must note that as video games have become more and more popular, violent crime in the US has DROPPED. There is no way to prove causation, but the correlation is very strong. In no way can a politician claim that videos that depict violence lead to violent acts on the part of real people.

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