Will Macro-Economists Ever Learn?

By Alasdair Macleod – Re-Blogged From http://www.Silver-Phoenix500.com

As we lurch through successive credit crises, central bankers and economists believe they learn valuable lessons every time, and that the ultimate prize, the suppression of business cycles through monetary policy, will be achieved. Enormous effort is put into computer models to enable economists to predict the future, and no doubt, the modellers are now working with artificial intelligence to improve their accuracy.

We saw, over Brexit, how wrong the Bank of England’s and the UK Treasury’s models were, and these errors were also evident in the OECD’s model. Brexiteers smelled conspiracy, but in the absence of evidence, perhaps we should give them the benefit of the doubt and assume the errors were genuine. If so, all computer economic modelling has been a waste of time.

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When Will Free Markets Emerge?

By George Smith – Re-Blogged From http://www.Silver-Phoenix500.com

If someone asked you to define “free market,” could you?  Could you do it on the spot without recourse to dictionaries or other crutches?

There’s an old tale about the origin of the term “laissez-faire” that gets to my point.  Here’s the write-up in Wikipedia:

The term laissez faire likely originated in a meeting that took place around 1681 between powerful French Comptroller-General of Finances Jean-Baptiste Colbert and a group of French businessmen headed by M. Le Gendre. When the eager mercantilist minister asked how the French state could be of service to the merchants and help promote their commerce, Le Gendre replied simply “Laissez-nous faire” (“Leave it to us” or “Let us do [it],” the French verb not having to take an object).

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The Long March BACK through the Institutions Dupe

By Cheadleg – Re-Blogged From iPatriot

Do the words above sound familiar? They are a take-off of the slogan that has motivated the socialist, Leftist movement since WWII.

The Long March refers to Mao Zedong’s grueling year-long march in 1934/35 with his Peoples’ Liberation Army around the rocky periphery of China to eventually overcome the Nationalist forces and establish the current Chinese Communist state. “Long March” has become a metaphor for long-lasting struggle through many hardships, resulting in final victory.

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Free Market Is Rising From the Ashes of Obamacare

By Will Ricciardella – Re-Blogged From Independent Journal Review

The complexity and costs of Obamacare mandates regarding medical records, billing codes, and prior authorizations forced thousands of independent doctors, mostly primary care doctors, to become part of large hospital networks to help absorb the added costs. Add the complexity and lack of cost transparency for the patient, and you have a recipe for a free market solution.

Government Recovery Act Funds South Florida Low-Income Health Clinics

Joe Raedle/Getty Images

Technology Disrupts White Collar Workers

By David McWilliams – Re-Blogged From http://www.Gold-Eagle.com

– Every era, every century, every generation has its massive technological disruption
– Taxi drivers being “disrupted” by technology of Uber
– History shows how “middle men” frequently made redundant
– Skill set of many professionals today can be replicated by machines and technology
– Technology may make lawyers, accountants, architects and doctors redundant
– We risk “cannabalising ourselves” with internet and emerging technologies

Jean-Luc Picard “assimilated” by the Borg in Star Trek

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Back to Economic Basics

   By Bob Shapiro

My blog is about 2½ years old now, and I’ve had well over 30,000 views. Articles automatically also get posted onto my Facebook page, where a larger number of my friends see them; most of the comments show up on my Facebook page.

While I still write posts myself, the lion’s share are re-posts from friends around the world who write well on the issues which are important to me (hey, it’s my blog). Many times, I fall into the trap of forgetting that many (most?) readers have zero training (and less understanding) of the subjects I blog about.

Because so many people (Americans and not) have no real clue about the good that is Capitalism and the benefits that each person enjoys because of Capitalism, I’d like to go over a few basics. So, this is for the good people out there who say things like, “He can afford it,” and “He’s just greedy and only worrying about making a profit.”

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Your Money or Your Life

By Herman Gazort – Re-Blogged From iPatriot

The armed robber puts a gun in your back and says it simply and frankly. The Marxist socialist says the same thing with more words.

As a matter of fact, the socialists main tool is words. They weaponize them by redefining concepts. They take a privilege and say it is a right. A socialist redefines himself as a “liberal” to confuse liberty with socialism. They redefine “tolerance” to confuse mercy and impunity and brand justice as “intolerant.” Now they redefine perversion as “sexual preference” so that soon pedophilia, necrophilia and animalism will be as “acceptable” as homosexuality. They have converted emasculation into “sensitivity” and masculinity into monstrosity, but in their insane rebellion against truth, the most “feminist” of “feminism” go to the most antifeminists of beliefs — Islam. In recent cases they are trying to convert immigration — a privilege by any sane standard — into a “right” for the purpose of eliminating nationality and thus national defense, sovereignty and patriotism. Socialists in judicial power will continue to do so until executive power stops their abuse and enforces constitutional law.

your-money-or

(Congratulations for standing up for RIGHTS President Trump.)

Globalists say they’ll take your money and kill you (wage external war or internal strife) if you don’t accept their debt based money, or accept their conditions of interest and political policy (like “human rights,” “social justice,” “tolerance,” “political correctness” and, eventually “global government and the New World Order.”) — These will use the money they created from our future to wage street protests and make nations fight each other Russia or China if you reject their money, their debt or their conditions, like not “bailing out” their banks with our future and the future of our future generations. Your money or your life — same concept different words.

In the “Affordable Health Care” plan, the globalists are, saying that they’ll keep you from even getting into a hospital if you don’t pay a big and ever increasing deductible or accept an unpayable debt. Same concept different words.

Communists say we’ll take your productive facilities or we’ll kill or throw you out. So they do, and the only thing they prove is that bureaucrats and politicians can’t produce, because they only know how to steal. And when the leaders only know how to steal, the people can’t learn how to produce. But they do learn how to steal from each other, so parasites eat parasites. In the early stages people have to wait in long lines to get bread, soap or toilet paper. In later stages, they hunt and eat each other. Same concept different words.

Fascists say, you need to buy our protection from competition with higher taxes or we’ll tax you to death and send criminal elements to shut you down. So, the net effect is big, inefficient, corporations that produce goods of less value for more costs, because of their overhead to government and banks. Honest, hardworking, creative competition dies out, and so does the morality of exchanging value for value. Same concept different words.

What dies is sovereignty, for the individual and the nation.

With the loss of sovereignty comes the loss of freedom. True freedom, the responsibility-driven freedom of doing the best and promoting the common good instead of the average bad of giving in and taking in so that you get some loot. It is, in essence a gradual loss of values which comes at a gradual increase in price. This is what religion calls selling your soul to the devil. The bigger the religion, the more formalized is the acceptance and “tolerance” of the average bad. Now, Marxism is the biggest religion.

The same concept — Your Money or Your Life.

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