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    • Free Talk Live 2018-01-15
      Teacher Assigns Students to Come Up With Good Reasons for Slavery :: Free Stater State Rep Turns Against Liberty, Publicly Attacks Libertarians :: Moving Parties :: Voluntary vs Coercive Solutions to Poverty :: People Who Leave Libertarianism :: False Libertarians :: Salt Lamp Sarah :: HOSTS - Ian, Melanie
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      Free Talk Live's Daily Digests feature highlights from our full-length seven-day-a-week live radio show, selected and edited by Riley Blake. Enjoying the digests? Please donate $5-10 per month to Riley via this link: https://www.patreon.com/crblake86 If you want to donate via Bitcoin Core (BTC), you can do so at the following address: 1NytDNA14UcYsvzX5D […]
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      Madoblastoo joins us to discuss life as a Twitch video game streamer. :: Copyrighted Music on Streaming :: Twitch Shuts Down Madoblastoo Over DMCA :: Guns and Pot :: Cannabis and Addiction :: Carl Drega :: Savings vs Investment :: Libertarian Migration to NH :: Judicial Dynasty :: Economics in One Lesson :: HOSTS - Ian, Jonny Ray
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    • Everything That Can Go Wrong, Will – Ep. 317
      January 12, 2018 Obvious Negative Factors Hiding in Plain Sight This Friday ahead of the three-day holiday weekend, all three markets are ignoring the ominous warning signs that are building by the day. They’re registering new highs, the Dow up better than 200 points, 228, closing over 25,800; S&P, NASDAQ both hitting record highs today.  […] The post Ev […]
    • China Rings a Bell – Ep. 316
      January 10, 2018 Bells are Ringing but Nobody is Listening They always say that nobody rings a bell at the top.  And that saying relates to the stock market, investors; there’s never a clear warning sign, supposedly, of when to get out. My experience is actually the opposite.  I think many bells ring, not necessarily […] The post China Rings a Bell – Ep. 316 […]
    • 2017 GDP Growth Looks like Obama 2.0 – Ep. 315
      January 8, 2017 Atlanta Fed’s Q4 2017 GDP Estimate at Record Low The Atlanta Fed did downwardly revise its estimate of Q4 GDP as a result of the numbers that were released on Friday.  The downward revision took their estimate from 3.2% down to 2.7%. 2.7% is the lowest the estimate has been since they […] The post 2017 GDP Growth Looks like Obama 2.0 – Ep. 31 […]
    • Twin Deficits May Doom Stock Market Boom
      Schiffreport: January 5, 2018 Trump: We Will Win on Trade Earlier this morning the government released the December Nonfarm payrolls report, AKA the Jobs Number.  But rather than start with that, I want to talk about another number that was released at the exact same time. It unfortunately gets very little attention in the media, […] The post Twin Deficits M […]
    • Those Expecting Low Inflation Are in for a Surprise – Ep. 314
      Market Ignoring Economic Realities All three of three of the U.S. stock market indexes are ringing in the New Year with new record highs.  The market was up on the first trading day of the year; up again today.  NASDAQ composite is the star, 7065 today up another .84% – a new record high. The […] The post Those Expecting Low Inflation Are in for a Surprise – […]

Mainstream Media Blackout of Ron Paul Exposed!

After statistically tying Michelle Bachman in the Ames Straw Poll last weekend (being 152 votes away from first, which was about 0.9% of the overall votes), Ron Paul has been completely shut out in the mainstream media when discussing the “top tier candidates” in the GOP.  Instead, all the news was about Michelle Bachman “stunning” victory in Iowa and Rick Perry entering the race as an instant front runner (after having done virtually no campaigning thus far).  However, after the bias became so obvious and apparent, certain media hosts are starting to call it out.  Here are a number of clips and articles from the past few days that detail the disgraceful nature of the mainstream media regarding Ron Paul (the Jon Stewart clip is my favorite):

 

 

 

Articles:

Ron Paul Remains Media Poison (Politico)

Ron Paul Shines in Iowa; Major Media Cheats Him (The Hill)

Ron Paul Deserves More Respect (AntiWar)

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Schooling Matt Damon

Last week a Reason.tv video went viral when a reporter gave Matt Damon the “absurd” suggestion that job insecurity makes people work harder.  Matt Damon gives the rebuttal that teachers aren’t motivated by financial incentive to teach, but are basically saints who just want to teach children.  You can see the short clip here:

According to Matt Damon, because teachers have to work long hours and receive shitty pay, they must due it for the love of teaching.  Thus, a worker at Taco Bell who works long hours and receives minimum wage must do it because he loves making tacos.  Okay, perhaps comparing a teacher to a low skilled worker’s need to work isn’t exactly fair.  Let’s take the notion that teachers receive poor wages.  Perhaps at one time this was true, but due to the teachers unions being in bed with liberal politicians and voting themselves greater benefits each year, this isn’t exactly the case anymore.  Conservatives will be the first to attack this claim, and one can hop on any website such as the Heritage Foundation to find charts showing how public sector teachers jobs are starting to earn wages comparable to average private sector jobs.  Then when you factor in benefits such as summer and holiday vacations, as well as health and retirement benefits then this can tip the scale in favor of the teacher.

But let’s take the biggest fallacy of his argument, that teachers are not motivated by financial incentives.  If history has taught us anything, it’s that one of the things driving human nature is self interest.  The communists tried to remove this incentive, and you all know how that went.  Sure, there are a lot of teachers out there who love to teach, are good at what they do, and care about a child’s education.  But by claiming that financial motives play no rule at all in a teacher’s job is completely absurd and without reason.  Being able to provide a house over one’s head and food on the table is typically the biggest motivating factor of why anyone works, and the fear and insecurity of possibly living on the street is a pretty strong motivating factor that makes people do the jobs that they do (thus the Taco Bell worker, or janitors, or garbage collectors, ect.).  Matt Damon can claim that actors and teachers are above all of this, but this is completely elitist in thinking and removed from reality.  Liberals like Damon need to come down from their high horses and not be afraid to admit that people are self interested.  In fact, there is nothing wrong with this notion, and as Adam Smith famously claimed in his theory of capitalism is that when people act based on self interest, it helps not only themselves directly, but also the community as a whole indirectly.  Thus, it’s not only the most practical and successful economic system, but also the most compassionate and compatible with human nature.

And as one final jab to Damon, he tries to sound all smart by saying this line of thinking is “intrinsically paternalistic.”  Honestly, I don’t even think he knows what he means by this and is just saying it to confuse the reporter and everyone around him.  But if you think about what he said, isn’t the federal government and the Department of Education “intrinsically paternalistic?”  It’s basically setup as a central planning authority with a hierarch on top, ie President Obama.  Thus, proponents of a free market who argue for the abolition of the Department of Education and a more decentralized control of education are arguing for a system that is completely not paternalistic.

The Debt Ceiling Charade

Last week Congress passed a debt ceiling deal that allows the US to borrow even more money.  This bill increases the debt ceiling limit by $400 billion and gives the president the option to raise it again by $500 billion in the next several months.  Additionally, a $1.2 trillion debt ceiling increase will be available after a “super committee” figures out a way to make that many cuts between Thanksgiving and Christmas of this year.  In the end, it seemed like no groups on the left or right really liked this deal, and only felt like they needed to pass it in order to meet the August 2nd deadline enacted by Obama so he could get back to campaigning for his re-election.  Many members of the House also wanted were eager to be done with it so they could go on vacation.  Sadly, a majority of Americans who wanted no debt ceiling increase were screwed, as well as those who wanted a balanced budget.

To put things into perspective, our debt is now 100% of our GDP, which is roughly $16 trillion.  In addition, this deal does nothing to cut our budget or annual debt immediately, but makes vague promises to cut in the future.  It was a completely gutless move by our Congress to ignore the problem now and postpone the tough decisions until the future.  In other words, it was politics as usual.  Despite the deal, S&P still downgraded America’s sovereign debt rating from AAA to AA+, another gutless move that came completely after the fact, just like their rating of mortgage backed securities during the housing crisis.  The markets are still scared by the uncertainty that Washington is causing, and this was reflected by the 500 point stock market drop last Thursday.

Despite the debt ceiling charade going on in Washington, the real concern for American citizens should be inflation and the Fed.  Conveniently, the Fed’s been without scrutiny during this whole debate, despite some disturbing information that was released by an audit sponsored by Bernie Sanders’ financial bill last year.  While the Democrats and Republicans fight over what amounts to straws, the audit revealed that the Fed has loaned out $16 trillion dollars to domestic and foreign banks the past three years.  This amount of money printed is equal to our national debt from the founding of our country up to the present day.  All of this was done without Congressional approval or oversight, at the expense of the American taxpayer whose currency is being devalued as a result.  While the mainstream media gawks at the numbers proposed in the debt ceiling bill and the Democrats claim the tea party proposals are “satan sandwiches,” the Fed is printing money like it’s going out of style and no one is giving a damn about it.  The fact that we might have defaulted on our payments shouldn’t worry people.  What should worry people is the mountain of paper dollar bills being printed, which will ultimately make it harder to afford basic necessities.  We can’t claim we have avoided a default crisis when we’re about to enter a dollar crisis of epic proportions.  Once no one is willing to finance our debt and our interests payment shoot up past the $1 trillion per year mark, then a true crisis will be at hand instead of this phony debt ceiling crisis.  At that point we’ll only have a few options left on the table, cut spending drastically or continue to print until we inflate our debts away.  Based on this current debacle, I think we all know what the answer will be.  Crank the printing presses!