Why You Need to be Aware of Economic Science: To See Through Media Smears

Bloomberg recently published an amazingly ignorant and inaccurate attack on adherents to the Austrian School of economics [“Austrian Economists, 9-11 Truthers, and Brain Worms”]. Most people wouldn’t know it due to simple ignorance of the Austrian view, but this piece didn’t even attempt to perform as an accurate critique, it was simply a malicious pack of lies. I am convinced the Austrian view is the most accurate and helpful school of economic thought in existence, and it was the reason Read more […]

But These Are The People We Should Trust When They Predict Global Warming?

We get their mockery and their in-your-face wastefulness, but do they know what they are talking about? How many times do the global warmists get to make false predictions before we’re allowed to stop listening to them? Bloomberg Businessweek reports, “ Surprised by how tough this winter has been? You’re in good company: Last fall the Climate Prediction Center of the National Oceanic and Atmospheric Administration predicted that temperatures would be above normal from November through January Read more […]

Walmart & McDonald’s “Guilty” Of Helping Poor Get Welfare

Unlike Navigators who give false assurances to those who qualify for Medicaid, private industry consists of people who are properly motivated to deliver goods. It is a completely different world from the government system where goods are available that the qualified never hear about. So naturally, when McDonald’s and Walmart take an interest in the well-being of their employees, they produce real results. In this case, they show their employees what the government (without any lobbying on the Read more […]

Insurance Companies Planning To Profit Off American Pain & Fascism Are Now Worried: Good!

Our own Bob Allen pointed this out to me from the Bloomberg news site: Insurers Oppose Obamacare Extension as Danger to Profits Allowing Americans more time to enroll for health coverage under Obamacare may raise premiums and cut into profits, insurers are telling members of Congress in a bid to stop such a move. Extending the enrollment period would have a “destabilizing effect on insurance markets,” said Robert Zirkelbach, a spokesman for the Washington-based lobbyist group American’s Read more […]

Debt and Bubbles from Bloomberg TV

The headline says it all: “US Debt Is A Black Cloud Over Investors.” Steve Holland of The Holland Group was discussing “why we’re seeing a rally” in US markets with Angie Lau on Bloomberg Television’s “First Up.” Holland listed a lot of short term positive signs, but his outlook did not seem positive at all when he was done. Listen especially at 1:53 and following. [Click here if the video does not work below] Hearing Holland mention the debt as a reason that investors fear the US economy Read more […]

No, The “Tea Party” Is Not Wrong About The Deficit

The former Executive Editor of Bloomberg claims that the statement, “The U.S. budget deficit is worse than ever,” is a false statement. Technically true but trivial. His elaboration is false: A starting – and false – premise of the public, and some politicians, is that the deficit is spiraling out of control. In a national survey by Bloomberg News last month, Americans said, by a margin of 59 percent to 10 percent, the deficit was getting worse; this belief was held by 93 percent of Tea Read more […]

Ironic Headlines Of The Day: Murdoch’s Reporters On Trial For Acting Like NSA

From the Bloomberg Businessweek website: LONDON (AP) — They were once two of the most powerful people in the British media, senior executives for media mogul Rupert Murdoch and associates of Prime Minister David Cameron. Former News of the World editors Rebekah Brooks and Andy Coulson were going on trial Monday, along with several others, on charges of hacking phones and bribing officials while at the now-shuttered Murdoch tabloid. Both arrived early at London’s Central Criminal Court for the Read more […]

Is Healthcare.gov Going To Start A Death Spiral?

Megan McArdle offers her analysis on why a non-working website could have catastrophic consequences. It is not impossible to buy insurance, but merely very difficult. If it were impossible, then we could all just agree to move to Plan B. And if it were as easy as everyone expected, well, we’d see if the whole thing worked. But what we have now is a situation where only the extremely persistent can successfully complete an application. And who is likely to be extremely persistent? Very sick Read more […]

Is Government a “Cancerous Force”?

A recent article on Bloomberg made it clear that when Democrats speak of “the free market” they really have no clue what they are talking about. Author Alex Marshall shows his ignorance in the first paragraphs of his piece when he tries to define what Republicans believe about government. His false view of what he claims Republicans believe about the role of government skews his entire view of the relationship between capitalism and government. His ignorance is a good opportunity to remind us Read more […]