Posted in big government, Consumption Inequality, Cost of labor, Economic Issues, Free-Market, Government Regulations, Government Spending, Income Inequality, Liberty, Minimum wage, National Debt, Policy Issues, Poverty, Progressivism, Rule of Law, Uncategorized, Wealth

Sorry, Bernie Sanders, but Disney Doesn’t Have To Apologize for Making $1.3 Billion with Avengers: Endgame – Reason.com

More importantly, if you care about improving the quality of life and living standards over time, the essential question is always about creating broad-based, sustainable economic growth. What are the conditions that are most likely to help the economy get bigger, stronger, and more resilient? At the top of the list is a government which promulgates simple, predictable, and widely enforced rules; spends within its limits and doesn’t pursue arbitrary trade wars and military interventions; and doesn’t bog down the future with an ever-increasing mountain of debt that tamps down growth and freezes out investment. Near the bottom of the list is something that is part of Sanders’ policy repertoire: Announcing bold new plans (Medicare for All! Free College for All!) without even pretending to know how to pay for them.

https://reason.com/2019/04/30/sorry-bernie-sanders-but-disney-doesnt-to-apologize-for-making-1-3-billion-with-avengers-endgame/

Posted in Bailouts, Cost of labor, Economic Issues, Federal Reserve, Free-Market, government incompetence, Government Regulations, Government Stimulus, Interest on the Debt, Interest rate manipulation, National Debt, Policy Issues, Tax Policy, U.S. Security, Uncategorized, Unemployment

The Grumpy Economist: Volalitily, now the whole thing

WONK ALERT!

And now for the meaty post of the week! Seriously, this is a fantastic piece by The Grump Economist, John H. Cochrane, senior fellow at The Hoover Institute.

Here’s a sneak preview:

What’s causing the big drop in the stock market, and the bout of enormous volatility we’re seeing at the end of the year?

The biggest worry is that this is The Beginning of The End — a recession is on its way, with a consequent big stock market rout. Is this early 2008 all over again, a signal of the big drop to come?

Maybe. But maybe not. Maybe it’s 2010, 2011, 2016, or the greatest of all, 1987. “The stock market forecast 9 of the last 5 recessions,” Paul Samuelson once said, and rightly. The stock market does fall in recessions, but it also corrects occasionally during expansions. Each of these drops was accompanied by similar bouts of volatility. Each is likely a period in which people worried about a recession or crash to come, but in the end it did not come.

Still, is this at last the time? A few guideposts are handy.

https://johnhcochrane.blogspot.com/2019/01/volalitily-now-whole-thing.html

Posted in big government, Economic Issues, Government Spending, Liberty, National Debt, Policy Issues, Tax Policy, Uncategorized, Wealth

The Continuing Success of Switzerland’s Spending Cap | International Liberty

“Governments should copy Switzerland and impose a spending cap. I explained this system in a column for the Wall Street Journal back in 2012.”

…85% of its voters approved an initiative that effectively requires its central government spending to grow no faster than trendline revenue. The reform, called a “debt brake” in Switzerland, has been very successful. Before the law went into effect in 2003, government spending was expanding by an average of 4.3% per year. Since then it’s increased by only 2.6% annually. …politicians aren’t able to boost spending when the economy is doing well and the Treasury is flush with cash. Equally important, it is very difficult for politicians to increase the spending cap by raising taxes.

https://danieljmitchell.wordpress.com/2018/06/26/the-continuing-success-of-switzerlands-spending-cap/

Posted in Affordable Care Act (ObamaCare), big government, Dependency, Economic Issues, Government Spending, Healthcare financing, Interest on the Debt, Leadership, Medicare, National Debt, Policy Issues, Reforming Medicare, Uncategorized

Rand Paul Blasts Republicans for Repealing Obamacare with Budget – YouTube

Great tutorial that can get you up-to-speed on the budget and how it won’t balance under current trajectory.  Senator Paul explains a simple way to balance and control the debt.

 

Posted in Currency Manipulation, Economic Issues, Federal Reserve, Government Spending, Healthcare financing, Interest rate manipulation, Keynesian Economics, Medical Costs, medical inflation, National Debt, Policy Issues, Tax Policy, Uncategorized, Wealth

Comparing the cost of living between 1975 and 2015: You are being lied and fooled when it comes to inflation data and the cost of living.

Inflation is widely misunderstood by the public. Even economists tend to have a hard time coming to a general agreement to the true definition of inflation.  When you ask the person on the street what inflation is they usually respond by saying the “price of things going up” which is more of a

Source: Comparing the cost of living between 1975 and 2015: You are being lied and fooled when it comes to inflation data and the cost of living.

Comparing the cost of living between 1975 and 2015: You are being lied and fooled when it comes to inflation data and the cost of living.

Posted in Cost of labor, Dependency, Economic Issues, Education, Entrepreneurs, Foreign policy, Free Society, Free-Market, Government Regulations, Government Spending, Liberty, National Debt, Organizational structure, Policy Issues, Tax Policy, Uncategorized

America Has Forgotten Some Important Founding Principles …The Swiss Have Embraced Them

 

 

danmitchel
Dan Mitchell – International Liberty

https://danieljmitchell.wordpress.com/2016/07/01/switzerlands-improbable-success-and-the-important-role-of-federalism/

 

Posted in Bailouts, big government, Cost of labor, Crony Capitalism, Currency Manipulation, Economic Issues, Free Society, Free-Market, Government Regulations, Government Spending, Government Stimulus, Interest rate manipulation, Keynesian Economics, Liberty, National Debt, Policy Issues, Poverty, Rule of Law, Tax Policy, Uncategorized, Unemployment, Wealth, Welfare State

Pubic Policy 101 for Sanders’ Statists and Trump Protectionists

Posted in Bailouts, big government, Crony Capitalism, Dependency, Economic Issues, Entitlements, Government Regulations, Government Spending, Influence peddling, National Debt, Policy Issues, Rule of Law, Tax Policy, Uncategorized, Welfare State

Democracy’s Death Spiral – John C. Goodman

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John C. Goodman

It works like this: Politicians find it in their self-interest to take from Peter and give to Paul, whenever Paul can offer more political support than Peter – in the form of votes, campaign contributions, get-out-the-vote efforts, etc. But as tax rates rise to pay for these political acts of theft, some of the Peters begin to emigrate to other jurisdictions. As more taxpayers leave, the tax rates needed begin to rise – leading to a greater exodus. Eventually there are no Peters left to tax to pay for all the benefits the Pauls were expecting.

In the United States I associate this general approach to politics with Franklin Roosevelt, who had two important insights.

Source: Democracy’s Death Spiral – John C. Goodman