Archive for Economics

New Zealand and trade

Posted in For Free Trade with tags , , on March 23, 2018 by cavalier973

An article at FEE.org.

Advertisements

FEE Article from 1994

Posted in For Free Trade with tags , , , , , , , on March 22, 2018 by cavalier973

An excerpt:

The experience of the most free-trading nation on earth, Hong Kong, clearly illustrates this point. With no natural resources, except its people and one of the world’s finest natural harbors, but with complete free trade, Hong Kong has witnessed an increase in its per capita income over twenty-five fold and an increase in employment of over twenty times within a short span of forty years. Today, its per capita income is greater than that of the United Kingdom, of which it is still a colony. This stellar economic performance has been achieved while the population of this largely barren island-peninsula colony increased from around 300,000 to six million over this period.”

Another excerpt, more relevant to today’s environment:

“Restricting steel imports destroyed jobs. It is estimated that in the 1980s, steel restraints protected 17,000 jobs in the whole industry, while they cost 54,400 jobs in steel-related industries, for a net loss of over 35,000 jobs. Higher steel costs added to the burden of steel-using industries that were trying to compete against foreign manufacturers. Thus, for example, expensive steel raised the cost of building cars in Detroit and promoted Japanese auto imports.”

You have a patriotic duty to be robbed.

Posted in For Free Trade with tags , , , , , on March 14, 2018 by cavalier973

The Protectionists/mercantilists have a curious philosophy: the free market can only work with heavy government intervention. They have the long-discredited belief that manufacturing creates wealth, while trade is a zero-sum game which always “loses jobs” for “our side” to the perfidous foreigners who are selling us goods and services.

They claim that Free Trade is somehow unpatriotic, because apparently they believe that the product of citizens’ labors belongs to the collective, and only the government can properly determine what standard of living each citizen should enjoy. What is amusing is that the Protectionists/mercantilists claim that Free Trade is “Marxist”.

The problems that Protectionists/mercantilists ascribe to Free Trade are actually the result government intervention, which they propose to increase. Deregulation and reduction in government spending and taxation are the true remedies to economic problems, which is why I’ve been hopeful about Pres. Trump’s administration, so far. His unpatriotic push to increase taxes on American citizens will reverse whatever good he has done to this point.

The protectionists/mercantilists have the mistaken believe that a shortage of available goods and services results in a higher standard of living.

From Bastiat: 

“Which is preferable for man and for society, abundance or scarcity?

“What!” people may exclaim. “How can there be any question about it? Has anyone ever suggested, or is it possible to maintain, that scarcity is the basis of man’s well-being?”

Yes, this has been suggested; yes, this has been maintained and is maintained every day, and I do not hesitate to say that the theory of scarcity is by far the most popular of all theories. It is the burden of conversations, newspaper articles, books, and political speeches; and, strange as it may seem, it is certain that political economy will not have a completed its task and performed its practical function until it has popularized and established as indisputable this very simple proposition: “Wealth consists in an abundance of commodities.”

Do we not hear it said every day: “Foreigners are going to flood us with their products”? Thus, people fear abundance.

Has not M. de Saint-Cricq said: “There is overproduction”? Thus, he was afraid of abundance.

Do not the workers wreck machines? Thus, they are afraid of overproduction, or—in other words—of abundance.”

Stuff Going On — 06/08/2017

Posted in For Free Trade, For God with tags , , , , , , , , , , on June 8, 2017 by cavalier973

Former FBI Director James Comey testifies before Congress, and lets them know that President Trump made him feel uncomfortable, and that Trump’s stated reasons for firing him are lies.

ISIS “Fighters” have shot hundreds of civilians, including women and children, in the Iraqi city of Mosul, trying to keep said civilians from fleeing. ISIS needs civilians to act as human shields. I would think that they could carry that sort of evil on for only so long, before they run into desperate people who decide that, if they are going to die, anyway, they might as well take some of the ISIS monsters with them.

Senator Bernie Sanders tries to impose a religious test on a political appointee.

When Chinese take jobs from Americans.

Stuff Going On — 06/06/2017

Posted in For Free Trade, For God with tags , , , , , , , , , , , , , , , , on June 6, 2017 by cavalier973

Some employee of a government contractor managed to get some classified information, which she then mailed to a news publication. She got arrested. The information appears to show that Russian agents managed to hack a voting services company. Julian Assange, of WikiLeaks, appears to be defending her.

♣ Jesus said that it would better for someone to have a millstone placed around his neck and that he be thrown into the sea, than that the someone harm a child. Politicians in Canada are disregarding the Son of God’s warning. They will learn to their eternal sorrow that ignoring Jesus is a bad idea.

For leftist-progressives, child abuse is a regular way of life. If they can’t slaughter children in the womb, they will use a child’s natural instinct to trust to twist that child’s mind and ruin his life. They are the most evil people alive. They will writhe in the torment of their own shame for eternity.

Fortunately for them, there is an escape: Jesus took upon Himself the shame of us all, satisfying God’s wrath against us for our sin and making it possible for us to enjoy eternity doing interesting work for the glory of God.

Darwinoids can’t decide of evolution occurs by external natural phenomena effecting changes in organisms (the traditional view), or if organisms have a “plastic” genetic code that allow them to move into different environments on purpose.

Listening to the Darwinoid narrative, one can get the idea that “Natural Selection” is a driving force, but Natural selection is just a description of what happens; the concept has no agency.

For example, one gets the idea that, supposing that there is an island populated with dogs, a permanent climate change toward colder temperatures would “cause” dogs to develop long-hair characteristics. Darwinoids don’t really posit this; it just seems like it from listening to them. What Darwinoids say occurs in the above example is that, when the climate changes on the island, the dogs with longer hair tend to live longer, can acquire greater amounts of food–making them healthier–and are more exuberant maters, producing more offspring with the long-haired gene, until eventually the short-haired dogs can no longer find mates to breed. If the climate changes to a warmer one, the process reverses, and short-haired dogs become dominant.

The question that Darwinoids seem to avoid is, why do any of the dogs (or any mammal) have hair at all? Which developed first, male sexual organs, or female sexual organs–did they develop at the same time? I’m sure there’s some fru-fru talk about gender-bending “bacteria” (or some population of “simple organisms”) that became hard-coded with one gender or the other because Natural Selection meant that hard-coded gender bacteria was able to produce more offspring in populations than bacteria that could switch genders and just shut up and gives us more government funding, you Creatard.

Robots are going to take over our jobs, and then the robots will have everything, and live in big mansions, and drive big cars, and take our womenfolk, and we’ll have nothing.

Stuff Going On — 06/03/2017

Posted in For Free Trade, For God with tags , , , , , , , , , , , , , , , , , , , , , on June 3, 2017 by cavalier973

President Trump won’t block Comey’s testimony before Congress. This is being reported by the New York Times, based on reports from anonymous sources, for what it’s worth. There was some discussion that Trump might invoke Executive Privilege to prevent Comey’s testimony, in order to protect himself from investigations into his ties to Russia, which has so far produced no evidence. I think most leftist-progressive opponents of Trump (is there a leftist-progressive who doesn’t oppose him? Hmmm….) are more angry about his “denial of science” than about his ties to Russia, they just think they have a better chance of getting rid of him by harping on the “Russia Story”.

♣ Speaking of bad government science, research is now showing that the “low fat/high carb” diet that the U.S. FedGov has promoted since 1980 is killing us, literally (and I don’t mean “Sean Hannity literally”). To be honest, I never liked the idea of “low fat” anything. I would always buy whole milk and regular sour cream, among other items. It wasn’t because I thought it was more healthy (it isn’t too much healthier, to be honest; getting your fats from a bag of walnuts is much, much better than eating cheese, if not quite as tasty), but because I imagined that I preferred the flavor of things with the fat content intact.

♥ Speaking of delicious fatty foods, here is Hollis Johnson’s critical review of Whataburger. I’ve tried Whataburger a few times; meh. It’s not bad, but, honestly, I have enjoyed a Wendy’s burger more. The best fast food burger, in my opinion, is Hardee’s–and this does NOT include Carl’s Jr., which I tried and found lacking. After Hardee’s, I guess I would rate Culver’s next, then Back Yard Burgers (although their “Hawaiin Chicken Sandwich is better than their burgers, which are delicious), then Sonic’s burgers, then Wendy’s. McDonald’s and Burger King are about the same to me in terms of enjoyment, even though the burgers are different. Steak-n-Shake is good (especially their Frisco Melt), but they can be slow, and they’re more of a sit-down restaurant. I’ve not tried “In-and-Out”. I did not like Jack In the Box, and I DEFINITELY do not like Krystal’s (which means I would probably not like White Castle, though I’ve not tried it).

I like Five Guys, and Moo-Ya’s is really good. In fact, at Moo-Ya’s I can get my favorite toppings (which I first enjoyed at a Hardee’s, with their discontinued “Steak House Burger”): Blue Cheese, crispy onion straws, pickles (I have to ask for these), Swiss cheese, and copious amounts of A-1 steak sauce.

Trump appoints a guy to the Federal Reserve who wants the dollars in your pocket to change value on a day-to-day basis. I mean, the FedRes sort of does this, already, and I’m not sure of all the implications, but it sounds like, if you’re paying with cash, that dollar in your pocket may not be enough to purchase a candy bar with a $1 price tag. Understand, that, though schemes like this are presented as “well, the dollar’s value could go up or down, depending on the circumstances”, in reality, the value of the dollar will only go down. This is the next step in eliminating paper currency altogether. If the government can control your digital money, then it can control you. Dollars in your wallet, up to now, has promised some sort of protection against that. This appointee is trying to make an end-run around this protection.

See also: mises.org for more information on how the Federal Reserve destroys purchasing power.

Stuff Going On — 06/01/2017

Posted in For Free Trade, For God with tags , , , , , , , , , , , , , , , , , , on June 1, 2017 by cavalier973

Will he, or won’t he? President Trump made a campaign promise to abandon the Paris Accords/Treaty/Agreement. Something I did not know is that this “treaty” was signed just a few days before Trump was elected! Anyway, destroying national economies as a sin offering to Gaia is not environmentalism, and that’s all these accords will do. Climate “science” is actually pseudoscientific flapdoodle–the same as Darwinism and Transgenderism–covered with a veneer of respectability provided by government endorsement.

CNN has a story about how Pres. Trump is making some sort of concessions when he abandons the deal, for his daughter’s conscience’s sake. This story is relayed in a video, which I did not watch, and so will not link.

Here is Jeffrey Tucker on the “Incredible Arrogance of the Paris Agreement/Accords/”Treaty”.

The real crime in the whole “Trump colluding with Russia” investigation may be that President Obama’s officials illegally unmasked Michael Flynn. An interesting detail revealed by “sources” in the Wall Street Journal (I think I have made my position clear concerning the reliability of unnamed sources) is that Samantha Power, President Obama’s ambassador to the U.N., got her own subpoena. It would be hilarious if, after Democrats and leftist-progressives pushed so hard for investigating Trump’s ties to Russia, the result is that President Obama and his lackeys are sent to prison.

Theoretical physicists make the claim that cosmic inflation can never be falsified, so the “Big Bang Theory” is pseudoscience. Well, I’m overstating a bit, I suppose…

An excerpt:

“Inflation theory was proposed by physicist Alan Guth to solve a number of serious problems in early versions of the Big Bang model. Supposedly, the universe underwent an extremely short period of accelerated expansion right after the Big Bang.

However, physicists later realized this version of inflation theory was too simplistic. Newer versions of inflationary models have inflation stopping at different times in different places, leading to the idea of a multiverse consisting of infinitely many ‘pocket’ universes.2″

As with all things proposed by the MatNats and the Darwinoids, no amount of actual science can falsify the Narrative of a Godless, self-creating universe in which information can arise spontaneously without an Intelligent Source.

 

Employers added 253,000 people to their payrolls in the Month of May, which beat estimates of 170,000 newly employed persons.

I blame Trump.