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Economics

Capitalism Destroys Poverty; It Is Righteous, not Sinful

Pope Francis 1 Capitalism destroys poverty but people who fight against capitalism destroy the poor. Pope Francis has made it clear that he will use his office to promote Leftist weather scams and prefers input from pagan pantheists to skeptical climate scientists. It is quite obvious this Christian leader hates cultures of freedom, trade, entrepreneurship, and private charity. He prefers societies dominated by corrupt and totalitarian governments. He is an ambassador for turning the few islands of prosperity Read more [...] Continue reading →

Fast Food Business Owners and Employees Are in a Mutual Relationship

chickfilacombo A recent Chick-fil-A decision demonstrates that business owners are not opposed to their employees. The basic stance in the media and in politics has been that fast food business owners are the enemies and exploiters of their employees. Just like telling one lie demands a person make up other lies, so this myth creates others. If fast food business owners are exploiting their workers, this means that a free society is a place where mutually agreed upon payments are detrimental to one class of Read more [...] Continue reading →

The Coming Solar Panel Bailout

solar panels Why a solar panel bailout? Because a solar panel bubble will cause a solar panel bust. Directly funding private corporations isn’t always possible in the United States. It looks like you are taxing the poor to build up the rich. That is because, when you give corporate welfare, you are taxing the poor to build up the rich. So what do you do? You come up with a relatively cheap way to “stimulate” the industry and then, when the inevitable collapse takes place, you portray the situation Read more [...] Continue reading →

The First Victim of a Chinese Currency War: the Chinese People

flagmadeinchina The news is reporting on a Chinese currency war as if the key to economic prosperity is found in debasing the currency. The Chinese people need stuff so they have to buy stuff. In order to do this as efficiently as possible, they need to use money when they buy stuff. Unhappily, rather than use a real commodity for money, the government banking system has commandeered the social institution of money and replaced the commodities with paper symbols (or computer figures). So now China has begun Read more [...] Continue reading →

The Reason Politicians Hate Uber: Bernie Sanders Explains

uber_logo Bernie Sanders articulates what every politician feels about ridesharing operations: they are free and therefore wrong. Remember when we were told that the terrorists from the Middle East hate us for our freedoms? It was half true. There are people who hate us for our freedoms. But they are from the United States. They are politicians. Bernie Sanders was recently interviewed at Bloomberg.com. He mentioned Uber, the rideshare company. Asked about his proposal to phase out the “tip credit,” Read more [...] Continue reading →

Raise Minimum Wage and Workers Cut Hours to Keep Welfare

ronald mcdonald sad Reportedly, Seattle’s law to raise minimum wage is running into a conflict with the welfare state. As Mark reported back in 2013, one attempt to propagandize for a higher minimum wage was to accuse large companies using unskilled labor of being “welfare queens.” McDonald’s and Walmart were smeared with this term because anyone who was trying to live on a single income as one of their employees would need government assistance to live. The idea was pushed that McDonald’s and Walmart are Read more [...] Continue reading →

Limo Rider Hillary Clinton Lectures Us on Evils of Uber

uber_logo Uber is bad because consumers aren’t paying more to crony taxi cab companies. When a politician is described as “boosting labor” that means he or she wants to force consumers to pay more and get fewer options.  Thus the U.S. News and World Report headline: “Hillary Clinton Boosts Workers, Blasts Uber.” Hillary Clinton is out to boost labor rights at companies like Uber, a move that may resonate with some voters but could alienate small-business owners. The leading Democratic presidential Read more [...] Continue reading →

Obamacare Already Rations Healthcare so Let’s Kill Babies if They Have Defects

death panel reaper obama A Princeton professor is blunt about his call to kill babies by intentional withholding of care. They intentionally deceived the nation to pass “The Affordable Car Act”... and the truth keeps flowing about what they intended to accomplish with Obamacare all along: From Vision to America: “Princeton Professor Calls For KILLING Disabled Infants Under OBAMACARE.” In a radio interview Sunday with Aaron Klein, broadcast on New York’s AM 970 The Answer and Philadelphia’s NewsTalk 990 Read more [...] Continue reading →

Politicians and Voters Both Live in Make-Believe World

Pope on Subway Pope Francis has become a propagandist for the make-believe world of the EU and the US ruling regime. Here is a rousing commentary on the foolishness of both Pope Francis and the Eurocrats: “The Pope joins the EU in a sad world of make-believe.” What has a Papal Encyclical calling on the world to end its use of fossil fuels and to pray to God for the success of the global “climate summit” in December got in common with the Greek euro crisis, the ominous rift between the West and Russia, Read more [...] Continue reading →

Unaffordable Care: Obamacare Prices May Go Up 30-50% in Some Regions

repeal obamacare Anyone who was honest and not stupid knew that Obamacare prices would skyrocket, so naturally politicians imposed it on us. Do you think health care costs are unaffordable under the (heh) Affordable Health Care Act? Well... medical insurance premiums under Obamacare are going up an additional thirty to fifty percent in 2016. Yes, really!—thirty to fifty percent in some places. Here’s the news from Politico.com: “Experts see big price hikes for Obamacare.” The cost of Obamacare Read more [...] Continue reading →

Daily Beast Writer Figured Out Minimum Wage Hurts Poor

minimum wage She writes as if she hates admitting that real economists have said for centuries that raising the minimum wage hurts poor people. Even as she raises the issue she tries to make “conservative economists” appear unreliable: This week, the Los Angeles City Council voted to increase its minimum wage to $15 an hour, from the current $9, by 2020, joining the ranks of other liberal cities like Seattle and San Francisco who are acting despite federal inaction on the issue. But L.A. is the largest Read more [...] Continue reading →

Even If Man-Made Global Warming Was Real, Environmentalists Would Still be Wrong

polar bears roasting penguin Man-made global warming would not make big government competent to fix it. If you think that just because you are not personally a climate scientist you therefore have no right to an opinion about anything Al Gore says the government should do, you need to think again. Ryan McMaken has written an excellent essay at Mises.org that points out the political fallacy. He writes in part: It seems that for the global warming lobby, all that is necessary to set everything right is to hand control Read more [...] Continue reading →