Tuesday, June 18, 2019

EVIL?: Facebook Announces Cryptocurrency Project Libra

Facebook founder Mark Zuckerberg
This could very well be the dark step that moves the world toward government tracking of all transactions.

Amazon Hits Back Against Alexandria Ocasio-Cortez

Alexandria Ocasio-Cortez
During an interview on ABC News’ “This Week” on Sunday, the socialist congresswoman Alexandria Ocasio-Cortez charged that Amazon was paying its workers "starvation wages."

Monday, June 17, 2019

Again, Trump Disses Federal Reserve Chairman Jay Powell

Oh yeah, President Trump is a serious inflationist.

Over the course of two days, ABC News' chief anchor George Stephanopoulos spent 30 hours with Trump, during that period Trump bashed Federal Reserve Board chairman Jay Powell for pushing interest rates too high.

From the transcript:

NOT GOING TO HAPPEN: Wilbur Ross Says U.S.-China Trade Deal Won't Happen at at G-20 Meeting

Wilbur Ross
The trade haters appear to be in control in the Trump administration.

The odds of the Trump administration implementing new tariffs on China early in July seem to be quite high.

President Trump has ordered plans be drawn up to impose tariffs of as much as 25% on the rest of the $300 billion in imports of Chinese goods not yet hit with levies.

Orval Watts On Dealing With Milton Friedman On the Question of Equality

Milton Friedman
Vernon Orval Watts (1898-1993) was a leading free-market economist of the World War II era and the former Editorial Director of the Foundation for Economic Education. 

In the mid 1970s, Watts was interviewed by Dall Wilson, a young features writer and photographer.The interview, which was never published, took place in Watts's office at Campbell College in Buies Creek, North Carolina. In 2019, Wilson shared with FEE a transcript of the interview. Below is Watts discussing his interaction with Milton Friedman.

Sunday, June 16, 2019

Chris Wallace Put Bernie Sanders on the Spot About Universal Healthcare

This morning on "Fox News Sunday," Chris Wallace put a very important question to Bernie Sanders about universal healthcare. To paraphrase, he asked, "Just who the hell is Bernie Sanders to decide for everyone what their medical care should look like?"

This is pretty much the question that I asked the architect of Obamacare, the evil Ezekiel Emanuel:

Trump's Trade Wars Expand to India

India  Prime Minister Narendra Modi
India has responded to the Combover bully.

It announced late Saturday that it would raise tariffs on 28 categories of imports from the United States.

What Would Howard Roark Have Done?: UBS Puts Economist On Leave Over 'Chinese Pig' Comment

UBS has placed one of its economists, Paul Donovan, on leave after a Chinese financial group suspended business with the Swiss bank because of his remarks about swine fever in China, reports the Financial Times.

Saturday, June 15, 2019

EU Leaders Terrified Italy's Parallel Currency Threat Could Collapse Eurozone

By Robert Wenzel

Is the Eurozone about to be tossed on the ash heap of failed statist experiments?

The Government Debt Situation On the Eve of the Tsunami of Baby Boomer Retirements

By David Stockman.

Well, that was timely. The US Treasury just posted a record $207 billion deficit for May and record monthly spending of $440 billion. That brought the rolling 12 month deficit to just shy of the trillion dollar mark at $986 billion.

Off-Topic Weekend: Treasury Secretary Mnuchin's Wife Stars in a New Movie Where She Plays a Sociopathic Bisexual Who Kills and Eats Men

Louise Linton on the set of "Me, You, Madness"
Louise Linton, wife of Treasury Secretary Steve Mnuchin, recently wrote a movie script in two weeks that casts her as a sociopathic bisexual who kills and eats men.

Friday, June 14, 2019

Rent Control Horror Returning to NYC; Real Estate Developers in Shock

By Robert Wenzel

This is very bad.

Democrats in the state of New York have announced new bills that would significantly bring back the horrors of rent control that crushed much of New York City real estate for decades and made it near impossible to find an apartment.

New York City developers are in shock.

Sign of a Trade Breakthrough?: United States Suspends WTO Intellectual Property Litigation Against China

The United States has halted a World Trade Organization dispute over China’s treatment of intellectual property rights until Dec. 31, the WTO dispute panel hearing the case said in a statement published on Friday, reports Reuters.

How Comrade Trump is Just Like His Opponents on the Left

Richard Ebeling emails:

Dear Bob, 

I have a new article on the website of the American Institute for Economic Research (AIER) on, “America’s Economic Commissar of Trade”:

COMING SOON: "Bagehot: The Life and Times of the Greatest Victorian"

James Grant's latest book, Bagehot: The Life and Times of the Greatest Victorian, is scheduled to be released July 23.

From the blurb:

Thursday, June 13, 2019

Elizabeth Warren is Not Cool and Cutting-Edge

Elizabeth Warren
Here’s a Don Boudreaux letter to National Review:
Editor:
Kevin Williamson, with his usual eloquence, exposes the pretensions and fallacies that infest Elizabeth Warren’s scheme of “economic patriotism” (“Colbert Reports,” June 9). And Mr. Williamson is exactly correct to note that this policy – far from being cool, cutting-edge, and ‘progressive’ – was perfected by French Minister of Finance Jean-Baptiste Colbert in the 17thcentury. These policies, as Mr. Williamson wryly notes, “did not do much for France.”

Two Ships Attacked in Gulf of Oman (Near Strait of Hormuz)


Two ships were hit in suspected attacks in the Gulf of Oman near the Strait of Hormuz, multiple news outlets report, sending oil prices as much as 4% higher.

Why Cash is So Important

Massive protests have been occurring over the last few days in Hong Kong. Hundreds of thousands of residents have taken to the streets.

So far protesters have been successful in forcing lawmakers to postpone a debate on legislation that would allow extraditions to mainland China — a measure Hong Kong residents fear would subject them to China's Communist Party and its clampdown on anti-state activities.

Wednesday, June 12, 2019

Will This Latest Move By Socialist NYC Mayor de Blasio Result in the Closing of the Iconic Strand Bookstore?

The de Blasio administration has tagged the iconic Strand Bookstore’s building with the dreaded "landmark designation" — a move the owner says was a concession to locals so the mayor can build a tech hub in the area, reports The New York Post.

The Landmarks Preservation Commission voted 8-0 to make the bookseller’s home at 828 Broadway a landmark, according to the Post — triggering onerous maintenance requirements that could send the 92-year-old shop’s ledgers into the red, according to owner Nancy Bass-Wyden.