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Tag Archives: economy

How Growers Gamed California’s Drought

Water is a precious resource. Depending on the circumstances it can be the most precious resource of all, after air I suppose. And this resource, this commodity, is often manipulated by governments. Everyone wants cheap water, and nowhere is that more true than in California which is currently suffering through a 4 year drought.

The problem is that California subsidizes the cost of water. The state keeps H2O artificially cheap. When water is subsidized it is typically over used. That’s what is happening out on the Left Coast.

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Uncle Sam’s Favorite Corporations—the companies that have gained the most from federal grants, special tax preferences, loans, and loan guarantees.

This is an excellent report from Good Jobs First, a “good government” advocacy group, which also maintains the very useful SUBSIDY TRACKER tool. The report breaks down the crony game since 2000 quite nicely.

Corporate welfare in this country is massive. (As we illustrate day in and day out.)  In many respects it puts regular welfare to shame.

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19 year old libertarian leads largest Brazilian protests in 30 years!

The spirit of the free market is alive and well in many parts of the world, including in many places where free markets have long been denied. Brazil for instance.

Where there is capitalism, where there are free prices and free markets wealth is created. Where the state sucks like a leach off of the population enriching the political class and placating the poor, wealth is destroyed.

For those who believe in work, in innovation, in liberty, in human potential, indeed in justice, free enterprise is the way forward. It is not in socialism and crony capitalism. Those are the paths of economic death. The Soviets showed us this not so long ago.

Free prices and free minds. Let people be what they can be, and watch the economy blossom. Kim Kataguiri understands this and increasingly so do the people of his homeland.

Way to go Mr. Kataguiri. Take it to the streets. We are watching. The world is watching.

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Another Oligarch Preaches to the Peasants – Charlie Munger Says “Prepare for Harder World”

I’m not a fan of Charlie Munger, Warren Buffett’s right hand man. I haven’t been a fan for a long time but this statement back in 2012 really annoyed me.

Such arrogance. I’m sorry Mr. Munger but not all of us get to drink from the Fed’s fire hose of easy money. For many of us gold is a last resort. Not an investment per se, but a hedge against guys like you. Of course you know that and that’s why you said what you said.

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New bill could tax drivers by the odometer reading, 1.5 cents per mile driven, A tax to commute (VIDEO)

Well your conspiracy buddies on Facebook were right I guess. Arkansas may start coming after drivers for a tax on miles driven. Going to work? Pay a tax. Going to church? Pay a tax. Driving to school? Pay a tax. Want to exist as a human being in relatively rural Arkansas where one has to drive everywhere? Pay a tax.

It should be noted that both the upper and lower houses of the state legislature along with the governorship in Arkansas are all controlled by the Republican Party.

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Politico: A coming crackdown on Federal Reserve power? (Seriously?)

I’ll believe this only when I see it. This could be more chaff shot by the Fed to quell “audit the Fed” efforts in Congress. But maybe it indicates real tumult behind the doors of the Federal Reserve. It’s too early to tell.

I will also say that it appears the citizenry has an ally in Congressman Jeb Hensarling who is the chairman of the House Financial Services Committee. Not only is Hensarling publicly open to this new proposal from Richard Fisher, the head of the Dallas Fed, the congressman is also actively seeking to kill the Export-Import Bank. An effort which we have given considerable digital ink. The Fed of course is far bigger game. The biggest.

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