statism

Why Texas Bans the Sale of Tesla Cars

"Tesla CEO Elon Musk plans on opening 50 new Tesla stores in the next year. And taking a page from the Apple playbook, Musk is selling his product directly to consumers. No hard sell. No commission for employees. And uniform prices at every store. That’s a dig at the traditional middlemen in the car-buying experience: the car dealers. Musk wants to cut them out completely. So Musk is declaring war on car dealers, but car dealers are also declaring war on Musk. They have already successfully booted him out of Texas and there is anti-Tesla legislation pending in North Carolina, Colorado and Virginia." Continue reading →

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The Verdict on The World’s Fastest “Train”

"Consider the motivation behind Musk’s Hyperloop: California’s new so-called high-speed rail system, which Musk calls a 'bullet train to nowhere.' Rumored to cost $70 billion, Musk asks why California – one of the world’s largest economies, home of Silicon Valley, and with some of the world’s greatest tech companies – 'would build a bullet train that’s both one of the most expensive per mile and one of the slowest in the world.' Comparing it to the Hyperloop, he says, 'The train would be both slower, more expensive to operate (if unsubsidized) and less safe by two orders of magnitude than flying, so why would anyone use it?'" Continue reading →

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Food Stamp Nation

"The USDA has acknowledged a formal partnership with the Mexican government to boost food stamp enrollment among Mexican nationals. In fact, in response to oversight inquiries from Republicans in Congress, the USDA revealed that the current administration has met with Mexican officials approximately 30 times as part of the partnership. The USDA has also adopted a range of strategies and programs designed to enroll more people in food stamps by overcoming the notion of self-reliance. A 2011 USDA Hunger Champions Award document reveals that local assistance offices have been rewarded for 'counteracting' pride when pushing more people to sign up for benefits." Continue reading →

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Homeland Studies

"Salt Lake Community College in Utah joins numerous other institutions of higher spending now offering an 'associate of applied science [sic for ‘baloney’] (A.A.S.) degree in “Homeland Security and Emergency Management.' Yes. Seems there is a correct way to grope a victim while stealing his iPad, and by gum, the instructors are gonna learn rookies to do it right. You won’t be surprised at this propaganda’s sponsors: 'the Department of Homeland Security, Transportation Security Administration, the Unified Police Department of Greater Salt Lake, various medical institutions and other regional agencies and employers.'" Continue reading →

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Librarian wants to ban 5-time reading champ from contest

"After Tyler Weaver read 63 books between June 24 and Aug. 3 to win this year’s Dig Into Reading competition at the Hudson Falls Public Library, director Marie Gandron told a reporter from the Glens Falls Post-Star that Weaver 'hogs' the contest every year and should 'step aside.' 'Other kids quit because they can’t keep up,' Gandron said. Gandron's declaration didn't sit well with Tyler and his family. 'When he heard what the director said [about him] he was very upset,' Katie Weaver, Tyler’s mother, told TODAY. 'He’s never seen being good at reading to be a negative thing. And he shouldn’t! He realized that the director was wrong.'" Continue reading →

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Obamanomics, as Captured by Cartoonists

"As evidenced by my political cartoon contest, I’m a big fan of that form of satire. And if I’m looking at cartoons specifically about statist economic policy, my favorites include Chuck Asay’s dead pig cartoon, as well as his cartoon about the big bad wolf. And this Michael Ramirez headwinds cartoon is one of the most-viewed posts in the history of my blog, though I personally prefer his European lemming cartoon. Now let’s add some more cartoons to the collection, beginning with a Michael Ramirez gem about Detroit." Continue reading →

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Debt Excess and the Liquidation Process in a Historical Context

"We find it constructive to divide debt into three categories based on the criteria of capital consumption. We'll start with liabilities taken on with the intent of making a subsequent sale at a profit: in other words, debt that increases the capital base, such as business loans. We call this 'good' debt. In the second category, we have mortgages, financial sector loans and foreign debt, all of which are classified as 'bad' debt. In the third and last category, we have debt that allows pure capital consumption, such as consumer credit and government debt. It should be obvious that consumptive debt cannot exceed productive debt for an indefinite period of time." Continue reading →

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Brazil Halts Muni Market as Banks Collect $140 Mln Fees

"A year after it began, Brazil’s municipal bond market has been brought to a standstill by the federal government after Credit Suisse Group AG (CSGN) and Bank of America Corp. provoked a backlash by collecting $140 million in fees from the first two borrowings. Brazilian Treasury officials, who approve state financing requests and provide guarantees backing loans, are starting to demand terms to curb the profits, seeking to protect taxpayers from being exploited and to limit their own borrowing costs while alienating bankers in the process." Continue reading →

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Boardwalk Violinist vs. City Hall: Challenging Ocean City’s Noise Ban

"Ocean City, Maryland is known for a bustling boardwalk that's packed with the sights, smells, and sounds of summer. The city's leaders, however, approved an ordinance prohibiting anyone from being audible from more than 30 feet away while on the boardwalk. Mayor Rick Meehan tells Reason that the goal was 'to ensure that everybody had an opportunity to enjoy Ocean City.' But that wasn't how William Hassay saw it after being hassled by cops. Hassay has been entertaining passersby for almost 20 years by playing his violin for tips. 'I was told I would be cited and that I would be subjected to face jail time,' he says." Continue reading →

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Court: Britain can look at Greenwald partner’s seized electronic documents

"British authorities can sift through electronic documents seized from journalist Glenn Greenwald’s Brazilian partner, in the interests of 'national security', a court ruled on Thursday. The 'highly sensitive' material could risk lives, said UK police. Two judges gave authorities until Aug. 30 to analyze 'thousands' of documents, according to a police lawyer. 'he home office and police now have seven days to prove that there is a genuine threat to national security, rather than make mere assertions as they have done today,' stated lawyer Gwendolen Morgan after the ruling was passed." Continue reading →

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