Archive for the ‘deficits’ 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…

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

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Hopefully this awareness will herald the beginning of the end of the malignant growth of “The Administrators”. A cancerous curse growing at the expense of the students. See: Administrators Ate My Tuition

“It’s kind of a weird thing that’s happened with American society—this idea that you have to have a college degree to be a respectable member of the middle class,” says Glenn Reynolds, professor of law at the University of Tennessee and purveyor of the popular Instapundit blog. Reynolds’ latest work, The New School: How the Information Age Will Save American Education From Itself, looks at the higher education bubble and how parents, students, and educators can remake the education system. Reynolds sat down with Reason TV’s Alexis Garcia to discuss why Americans are spending more for a college education and how students are responding to increasing tuition costs. “Given how expensive it is to go to college, there has to be a return sufficient to make it worth the time and especially the money,” Reynolds states. “You’re seeing declining enrollment in some schools and you’re seeing much more price resistance on the part of both parents and students.”The discussion also includes Reynolds’ take on school choice, the upcoming elections, the current state of the blogosphere, and whether or not both political parties are necessary. Nearly a decade after Reynolds published An Army of Davids: How Markets and Technology Empower Ordinary People to Beat Big Media, Big Government, and Other Goliaths, the blogfather still remains optimistic about technology’s ability to empower the individual and inspire grassroots movements.

via Glenn Reynolds on the Future of Higher Education & How Kids are Getting Wise to Student Loan Debt – YouTube.

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.

From Damian Paletta at the Wall Street Journal

The Social Security Administration has begun warning the public it cannot guarantee full benefit payments if the debt ceiling isn’t increased.

When asked by the public, the agency is notifying beneficiaries that “Unlike a federal shutdown which has no impact on the payment of Social Security benefits, failure to raise the debt ceiling puts Social Security benefits at risk,” according to a person familiar with the agency directive.

The warning was assembled after the agency consulted with the Treasury Department, which would play a lead role in determining how the government handles payments if the borrowing limit isn’t raised soon.

“Our employees started receiving questions from the public, so the agency worked with Treasury to provide an answer they could use when asked about the debt ceiling by the public,” a Social Security Administration spokesman said.

In 1937 the Roosevelt administration had to defend the Social Security Act and did so by stating before the Supreme Court that the inanely named FICA was simply a tax with no contract of benefits accruing to the payers and thus legal under government’s taxing authority. Sounds ;ike Justice Roberts” reasoning in the Obamacare fiasco, doesn’t it? The 1937 case was .

Obama is trying to fulfill the Cloward-Piven Stategy which is actually a blueprint for despotic communism. The idea of a equal living income for everone has a major flaw, who pays?

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.