Why are Our Urban Areas so Dysfunctional? Truth is Some Politicians Want Their Constituents Trapped in Poverty

As we said in a recent video, there are many reasons why much of urban America is an economic wasteland. We site 2 main reasons however, big government, and cronyism.

Cities are often not very good places to do business. They are typically high tax high regulation zones. Cities often look at businesses as little more than revenue streams. And what can’t be extracted from business via taxes can be regulated out of businesses with laws.

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Has Herbert Hoover Been Treated Unfairly?

Good question. And one that bears directly on the kind of employment depression we are continuing to experience today.

The article below, a review of a new book by Charles Rappleye, is titled “In Defense of Herbert Hoover.” The reviewer, David Bahr, is right that historians have mostly made a muddle of the start of the Great Depression and the Hoover presidency. But he is wrong that Hoover deserves rehabilitation.

The standard story,

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Robots and AI might be the last hope for the Danish welfare state

Pay your taxes? OK, right after I beat you at chess.

One of the reasons Angela Merkel has been so welcoming to the Middle Eastern refugees is because she needs bodies, people, workers, to keep the welfare state alive. Much of Europe long ago stopped having babies. Now as the baby boomers hit retirement they realize that someone has to pay the welfare state bills. In Denmark there’s hope that robots will do it.

OK. That doesn’t seem a desperate hope.

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Capitalism Jamaican Jerk Style on the Streets of New York (VIDEO)

Image: Screenshot Business Insider

I have long contended that restaurants are one of the most capitalistic areas of our economy. Make good food at a good price and people come back. Repeat over and over and over. Keep making people happy and you keep making money.

That is unless the regulators start shaking you down.

This place looks delicious. Here’s their Facebook page if you want to track them down.

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Goodbye ACA: Aetna to exit Obamacare in all but 4 states

That’s 7 in 10 Obamacare policies.

Looks like the Obamacare crony compromise just wasn’t rich enough in the end.

Insurance policies have to underwritten. That is they have to be assessed for risk. Real numbers have to be used.

In places for instance where car thefts are off the charts car insurance premiums are sharply higher. Why? Because the premium from the policies issued, taking into account the investment return possible from insurance reserves,

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