Archive for the ‘deficit’ Category

 

As technological developments increased farm yields over the last two centuries, the share of the US population employed in agriculture fell from around 90 percent to around 2 percent.

The lay American public supposes that when workers lose their jobs, we become worse off — they suffer from what economist Bryan Caplan calls the ‘make-work’ bias. But would anyone prefer to live in a society in which many went hungry and no one enjoyed the wealth, financial security, job growth, and innovation created as all those workers lost their farm jobs?

Follow Caplan, author of The Myth of the Rational Voter, as he explains the gap between the public’s opinion and the economist’s facts. In this video, Caplan talks about the merits and demerits of ‘making work’ – instead of letting individuals find work.

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Frederic Bastiat contends that to aim to increase the proportion of effort to output is to imitate Sisyphus in his hopeless attempt to move a stone up a hill:

http://mises.org/daily/6157/Industry-…

Daniel J. Mitchell explains the fallacy that government creates jobs:

http://www.cato.org/publications/comm…

► For resources, transcripts, videos, and more visit: http://www.learnliberty.org/videos/ma…

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via Make Progress, Not Work | Econ Chronicles | Learn Liberty – YouTube.

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This is the sort of idiocy that has given us the new aristocracy of capitol hill “royalty”.

The powers of this self-expanded royalty have their powers limited by the constitution, the result is we no longer teach the constitution to school children. No such things as civics and history only the amaphorous “Social Studies”. The Post Office is specifically authorized by the constitution but has been privatized because of “public sector” unionism, something that even the consummate socialist (he used to call mass-murderer Stalin “Uncle Joe”) FDR thought was an extremely bad idea, however however he didn’t forsee them becoming such an important funding mechanism for his party.

I had thought they were extinct!!! I guess just on the endangered species list.

Rep. Louie Gohmert calls ’em like he sees ’em and has a clear view of those traitorous go along to get along scum that have infected the Republican party since before George Wallace said (and echoed by Ross Perot, as well as Ralph Nader), “There’s not a dime’s worth of difference between the Republicans and Democrats.” Nearly all professional politicians are so enamoured by their status of faux nobility the assume “the divine right of kings” and think more as rulers than servants, thus the poll that shows 60% of their “subjects want to throw ever last one of them out! There wasn’t that much popular support for neither the French nor the Russian revolutions.

I love the reference to RomneyCare but wished he the other “it’s my turn” media darling, aisle-crossing, self centered demopublican that preceded Romney in the “I can be a Dhimmicreten, too!” presidential election sweepstakes.

Gohmert Talks to Fox News About Shutdown Updates – YouTube.


Bill Whittle thinks that President Obama is trying to deliberately hurt America through the questionable sequester budget cuts. Why would the President of the United States try to punish the nation he has sworn to protect?

via PJTV: Making It Hurt – YouTube.

Abandon Ship: Democrats Unanimously Reject Obama's Budget – YouTube.

Obama’s budget did not receive a single vote in the Senate—not even from Democrats. Debt and deficits continue to mount. Is there any hope for America’s balance sheet? Find out on this Front Page with Allen Barton, Elan Journo, and Terry Jones.

Greeks are pulling their money out of banks at the same time that some of its politicians are threatening to leave the euro. Is the eurozone falling to pieces? Will the European debt crisis spread to the US? Find out as the Allen Barton talks to Terry Jones of IBD, and Yaron Brook of the Ayn Rand Institute.