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Thursday, August 27, 2015

Miscellany: 8/27/15

Quote of the Day
Some people say that dreaming gets you nowhere in life. 
But I say you can't get anywhere in life without dreaming. 
Rose Zadra

Tweet of the Day
Government Foreign Aid vs. Locally-Focused Charity



NYC, Government-Protected Taxi Medallion Cartels, and Uber



The Importance of Free Speech Rights



Facebook Corner

(Reason).Why should taxpayers bailout bankrupt taxi medallion owners? https://video-mia1-1.xx.fbcdn.net/hvideo-xfp1/v/t42.1790-2/11928672_10153066010584117_1670090705_n.mp4?efg=eyJybHIiOjM2MywicmxhIjoxNzU0fQ%3D%3D&rl=363&vabr=202&oh=afdadb6977d68074cb66c1858861506e&oe=55E01188
 Hell NO. The medallion system is an anti-consumer policy instituted by corrupt political whore elitists. Does the government reimburse the pharmaceutical or biotech industry when a drug doesn't work out? None of us get bailouts for bad investments. There's a risk to any investment; these people, in bidding medallions high, are responsible for their own decisions--as if medallions were backed by the full faith of the NYC government (yeah, right).
See, we're all victims of crony capitalism -- even the crony capitalists.
Well, let's not scapegoat the private sector for the actions of political whores. No doubt the elitists saw licensing as a lucrative tax revenue, but a way of restricting traffic congestion, clogged with an oversupply of cabs. The factor is that the State, by restricting market competition, is intrinsically anti-consumer.

(Ron Paul). If you want prosperity in this country, get rid of the wars. The Wars Are Draining Us: Ron Paul's Final Word http://bit.ly/1JplnBe
This is the Ron Paul I love as apposed to the capitalist I have heard too much from recently.
Most of the commenters are in this thread are leftist economically illiterate idiots who don't have the slightest clue about Ron Paul's philosophy. 

First of all, crony capitalism is the bastard child of corrupt government, one that intervenes in the private sector. A limited government which focuses on core essentials, like common defense and contract enforcement, does not choose winners and losers in the economy, does not impose artificial constraints (regulations) that typically have disparate adverse effects of smaller-scale competitors or adversaries. As a simple example, take NYC's restrictions on taxicab medallions. This is manifestly an anti-consumer policy which manipulates fares higher because of scarce competition. Enter Uber; as one might expect taxicabs have been losing business (and hence have been vehemently arguing for regulating their competition); many taxi owners have gone into debt for their medallions; prices for medallions (city revenues) are tanking, and taxi owners may be headed for bankruptcy. Taxis did not cause the government corruption; the government policy restricting taxicabs caused the problem. Yes, the cabs are lobbying for Uber restrictions and loan bailouts, in part because a lot of them went into debt to buy high-price medallions with the expectation the city government would support higher fares. This explains why the problem is not businesses, but the government and why I call politicians "political whores". You guys put the cart before the horse. If government minded its own business, markets would sort themselves out; for example, businesses who gain a reptuation for bad quality, service, public safety concerns, etc., may find themselves sued by wronged consumers and under attack by competitors without the intrusion of incompetent, parasitic government bureaucrats.

Second, the market is the ultimately democratic force where consumers buy with their unfettered dollars, instead of some fascist elitists limiting choices for "their own good".

Third, capitalists are by their very nature anti-war (except for the military industrial complex--but again this is the consequence of corrupt political forces at the expense of the rest of the private sector). You generally don't want to kill your customers; it's not good for business. Ron Paul is little more than a more consistent fiscal conservative who applies limited government both on the domestic and foreign scenes. It's all interrelated, but you guys don't get it.

(The Hill). "If they were ‘All Lives Matter’ or ‘Innocent Lives Matter,'" Rand Paul said. "I am about justice and, frankly, I think a lot of poor people in our country, and many African-Americans, are trapped in this war on drugs and I want to change it. But commandeering the microphone and bullying people and pushing people out of the way I think really isn’t a way to get their message across."
 I do not understand why my favorite Senator wants to revisit the soundbite that led to issues for both Sanders and Clinton. I do think that the movement should retool its name to something like "Equality Under the Law Matters". We could talk about an unconscionable judicial double standard where money buys the best lawyers for wealthy households while lower-income defendants may need to rely on the overburdened public defenders assigned to their cases.

(George Will). "Every sulfurous belch from the molten interior of the volcanic Trump phenomenon injures the chances of a Republican presidency."
deport all the illegals, then re-admit what would probably be most of them under some guest worker scheme. Mr. Trump would have the government blow a staggering amount of the taxpayers money to achieve an outcome not noticeably different from the status quo. Sounds a lot like a democrat to me
No, the asshole would rather blow a lot of taxpayer money into prohibiting temporary workers than establishing a much cheaper modern-day temporary worker program, not unlike the Bracero program which the unions ordered JFK/LBJ to dismantle, which caused the "illegal" migration.

Political Cartoon

Courtesy of Jerry Holbert via Townhall
Musical Interlude: My Favorite Vocalists

Kenny Rogers (with Dolly Parton), "Real Love". This marks the end of my Rogers retrospective. Next up: Tina Turner.