Categories
Basic Economics Change

Truly a

nightmare for Democrats!

Categories
Basic Economics

What is the

bottom line? Bottom line: There’s no such thing as a free lunch.

And, (ahem!) anyone who tells you differently is selling you something, princess!

Categories
Basic Economics

I honestly don’t

know how “Biden’s” utterly catastrophic spending has gone under the radar as much as it has.

Sure, there has been criticism of his horrible fiscal and monetary policies (the two are related, but different) that have led to rampant inflation. But it is the explosive-diarrhea (fiscal) government spending has been the main driver of inflation. The inflation is merely the tsunami, but “Biden’s” fiscal and monetary policies are the earthquake that caused it.

Trump was intuitively good at some of this, which is not surprising given his background. But I don’t know that he fully grasped (intellectually) all the issues. He just did what made sense, and of course it was good.

I mean, under Trump, real income for the poorest among us jumped. “Biden” has been a freakin’ nightmare for these same people. Team Biden (Joe himself has very little to do with such things–they may as well be speaking Swahili for all he understands) has made us ALL poorer. Well, except the very top earners. THAT’s how Leftism works!

Categories
Basic Economics

See, one of the “pillar”

problems of a Lefty government, is that encourages the misallocation of funds by businesses.

For example: Let’s say that a business has $X to spend. They can spend it on R&D, and maybe you (the public) will get a cool new product that you want.

BUT, if a government tries to control markets and production (like Lefty governments always do), it makes far more business sense to just use that same money to hire lobbyists to help make sure that the products the business already has are favored and that their competitors are hammered! So that $X goes to lobbying rather than to R&D!

Result: Bigger government as compared to the private economy.

So in this way, commerce (or the available output) shrinks and government grows!

The answer? Decreased government intervention.

Categories
Basic Economics Economics

Yep!

Buh-bye!

Categories
Basic Economics Political philosophy

I Never thought

I’d see Bono red-pilled. Oh, he’s by no means a Conservative. But maybe he’s not a stupid sheep, either. Still, some of the crappy results of Leftism are SO in-your-face that is really impossible to be honest and yet ignore them…

His activism has always been messy and full of contradictions, never more apparent than when his band dodges tax burdens while demanding others pay up.

… The conversation found Bono, whose politics lean [hard] to the Left, admitting a hard truth for Times readers to hear. Socialism isn’t the global panacea we need. Capitalism, warts and all, is the better option.

“I ended up as an activist in a very different place from where I started. I thought that if we just redistributed resources, then we could solve every problem. I now know that’s not true. There’s a funny moment when you realize that as an activist: The off-ramp out of extreme poverty is, ugh, commerce, it’s entrepreneurial capitalism.”

Categories
Bad Faith Basic Economics

REALLY now!

Do tell

Baier:”Inflation is not slowing.”
Manchin: “I said a year and a half ago…I said inflation was real.” Baier: “Isn’t it disingenuous to call this the Inflation Reduction Act?”
Manchin: “It’s the only thing we have ever done that has a chance to really fight inflation!

Hey maybe, just maybe, if Democrats and their RINO lackey henchmen stopped spending like drunken sailors inflation would abate a bit!

Manchin is screwed. He sold out.

Categories
Basic Economics Corruption Evil

Yeah, that’s the POINT

of Leftism, isn’t it?

While some are praising President Biden’s announcement of up to $20,000 in student loan debt cancellation per recipient, for the overwhelming majority of Americans, the message is clear- do the right thing, work hard, play by the rules and get punished for it.

This program is an insult to every parent who worked multiple jobs, sacrificed, and forwent vacations, just so their child could graduate from college debt free; to students who worked full-time so that they could pay for their college; to those who never went to college and learned a trade; to those who paid back their student loans. 

It is jus an abysmally bad idea. It is a transparent and pathetic and foolish attempt to buy votes.

… Sure, you may have received a couple of thousand dollars in COVID-19 stimulus money, and it may have felt good to have extra cash at the time, but that triggered inflation. We have paid back a hell of a lot more than the stimulus we received. The average American received $3,000 in COVID stimulus and it is estimated that the average American will spend more than $8,000 this year due to the inflation caused by the reckless government spending-so it certainly wasn’t worth it. The same thing will happen with student loans if the policy goes through. 

Now the stumper (for me at least): Is “Biden” really that stupid, or is this malice aforethought?

Categories
Basic Economics Stooooopid!

Oh yeah,

THAT is going to help!

Look, I don’t know, but I’m relatively sure that Manchin got some sort of “offer he couldn’t refuse.” Sinema was probably an easier “pull.”

Categories
Basic Economics Biden Recession

Well, it’s

true. And I think that almost everyone understands that. Even Democrats get that.

Almost half (47%) of Democratic voters also said they believe the economy is in a recession. 

Yeah, DUH!