Idiots Lose Their Minds Over Price Gouging

Every time a disaster like #COVID19 rears its head, politicians and pundits come out of the woodwork to condemn “price gouging.” But what is #PriceGouging? What causes it, and does #Government make it better or worse with regulations?

Hashtags: #Economics #Coronavirus #Disaster #Rationing #FreeMarket #ToiletPaper

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References

Sampson, H. (2020, March 12). Travel prices are dropping almost everywhere as coronavirus fears take over. Retrieved from https://www.washingtonpost.com/travel/2020/03/12/travel-prices-are-dropping-almost-everywhere-coronvavirus-fears-take-over/.

Savodnik, P. (2020, March 19). Can movie theaters survive coronavirus? Retrieved from https://www.vanityfair.com/hollywood/2020/03/can-movie-theaters-survive-coronavirus.

Sowell, T. (2014). Basic Economics. New York: Basic Books.

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The FED’s Stimulus Won’t Solve Production Problems (2 Day with 2 Cents Podcast)

With interest rates cut to zero, the Federal Reserve promises unlimited liquidity and Congress deliberates on a so-called “Economic Recovery Package.” However, no amount of money printed out of thin air can resolve the underlying problem which is lack of production. This problem has only been exacerbated by bringing the entire economy to a halt in an effort to stop the spread of the coronavirus (COVID-19).

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Hashtags: #FederalReserve #StimulusPackage2020 #COVID19 #StockMarketCrash2020 #EconomicCrisis #EconomicMeasures #EconomicCollapse

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References

Krambeck, G. (2020, March 22). MARK-TO-MARKET: Trump, Federal Reserve tackle economic stimulus. Retrieved from https://qconline.com/business/mark-to-market-trump-federal-reserve-tackle-economic-stimulus/article_84592a90-e13e-5dd1-a576-f4193e8a28d0.html

Stein, J., Werner, E., & DeBonis, M. (2020, March 19). Negotiations intensify on Capitol Hill over massive stimulus legislation as coronavirus fallout worsens. Retrieved from https://www.washingtonpost.com/business/2020/03/18/trump-coronavirus-economic-plan/

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Biden’s Upcoming Economic Narrative (2 Day with 2 Cents Podcast)

 

In this edition of the 2 Day with 2 Cents podcast, I discuss Joe Biden’s ascendancy as the Democratic Party’s front runner for 2020 in light of the stock market’s tumbling as the coronavirus continues to spread worldwide. Many right-wing commentators are saying that a Biden presidency isn’t nearly as much of a threat as a Sanders presidency, but I have my doubts.

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Hashtags: #Biden2020 #COVID19 #StockMarketCrash2020 #BidenForPresident #Biden #EconomicCrisis

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References

Fitzgerald, M. (2020, February 28). Global stock markets have lost $6 trillion in value in six days. Retrieved from https://www.cnbc.com/2020/02/28/global-stock-markets-have-lost-6-trillion-in-value-in-six-days.html

Haberman, M., & Karni, A. (2020, March 4). The Coronavirus. The Stock Market. Now Biden’s Comeback Adds to Trump’s Bad Week. Retrieved from https://www.nytimes.com/2020/03/04/us/politics/trump-coronavirus-stock-market-biden.html

Rob, G. (2020, March 5). Fed expected to continue cutting interest rates, beginning as soon as later this month. Retrieved from https://www.marketwatch.com/story/fed-expected-to-continue-cutting-interest-rates-beginning-as-soon-as-later-this-month-2020-03-05

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The ONLY Way to Improve the Economy

Hashtags: #Economics #Election2020 #CampaignAds

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The Coronavirus and the Austrian Business Cycle (2 Day with 2 Cents Podcast)

The #CoronavirusOutbreak has been sensationalized across the media. With entire regions of China shutdown, global markets are preparing for widespread downturn. However, it occurs to me that this supposed epidemic has come about at a time that the U.S. Government and Federal Reserve might have motive to create global uncertainty. Listen to my thoughts on this new edition of the 2 Day with 2 Cents Podcast!

Hashtags: #AustrianBusinessCycle #2DayWith2Cents #CurrentEvents #Coronavirus #Economics

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References

2019 Novel Coronavirus (2019-nCoV) Situation Summary. (2020, January 31). Retrieved from https://www.cdc.gov/coronavirus/2019-nCoV/summary.html#risk-assessment

Daurat, C. (2020, January 31). The Coronavirus Is Infecting the Global Economy. Here’s How. Retrieved from https://www.bloomberg.com/news/articles/2020-01-31/the-global-economy-is-getting-infected-by-the-virus

Foster, S. (2020, January 31). The Repo Market, Explained – And Why The Fed Is Pumping Billions Into It. Retrieved from https://www.bankrate.com/banking/federal-reserve/why-the-fed-pumps-billions-into-repo-market/

Mendell, E. (2020, January 30). Coronavirus Triggers Damage Control From Governments, Companies. Retrieved from https://www.wsj.com/articles/coronavirus-triggers-damage-control-from-governments-companies-11580396657

Smith-Schoenwalder, C. (2020, January 30). Why the Flu Is Still a Bigger Threat to Americans Than Coronavirus. Retrieved from https://www.usnews.com/news/health-news/articles/2020-01-30/why-the-flu-is-a-bigger-threat-to-the-us-than-coronavirus

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What Does it Really Take to Start and Run a Business?

At the MLK Now 2020 event, Ta-Nehisi Coates and Alexandria Ocasio-Cortez had a conversation in which #AOC claimed that, “No one makes a billion dollars. You take a billion dollars.” The obvious implication to her statement is that business leadership doesn’t actually contribute anything of value to a business. However, does this assertion hold true when one considers exactly what it takes to start and subsequently run a business?

Hashtags: #Business #Billionaires

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References

10 steps to start your business. (n.d.). Retrieved from https://www.sba.gov/business-guide/10-steps-start-your-business/

Deane, M. T. (2019, June 25). Top 6 Reasons New Businesses Fail. Retrieved from https://www.investopedia.com/financial-edge/1010/top-6-reasons-new-businesses-fail.aspx

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Emily Ratajkowski Endorses Bernie Sanders?

On January 9th, 2020, Bernie Sanders campaign released a video of Sports Illustrated model Emily Ratajkowski endorsing Bernie for President. There’s no telling that Emily Ratajkowski is drop dead gorgeous, but does that mean you should listen to her advice on Bernie?

Hashtags: #EmilyRatajkowski #emrata #FeelTheBern #Bernie2020 #BernieSanders #BernieBros #BernieIsAHypocrite

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References

Araujo, R. (1983, July 19). The Sandinista War on Human Rights. Retrieved from https://www.heritage.org/americas/report/the-sandinista-war-human-rights.

Bardella, K. (2020, January 10). Democrats need to face facts about Bernie Sanders, his heart attack and his health. Retrieved from https://www.usatoday.com/story/opinion/2020/01/10/bernie-sanders-heart-attack-should-concern-democrats-column/2848611001/.

Bernie Sanders Donated Less Than One Percent to Charity First Year He Made Over One Million Dollars. (2019, April 17). Retrieved from https://theminnesotasun.com/2019/04/17/bernie-sanders-donated-less-than-one-percent-to-charity-first-year-he-made-over-one-million-dollars/.

Berrien, H. (2016, April 20). Sanders Was Kicked Out Of Commune For Laziness. Retrieved from https://www.dailywire.com/news/sanders-was-kicked-out-commune-laziness-hank-berrien.

Emily Ratajkowski Net Worth. (2017, July 17). Retrieved from https://www.celebritynetworth.com/richest-celebrities/models/emily-ratajkowski-net-worth/.

Greene, D. E. (2019, June 18). Not on Our Side: On Bernie Sanders and Imperialism. Retrieved from https://www.leftvoice.org/not-on-our-side-on-bernie-sanders-and-imperialism.

Kranish, M. (2019, May 6). Inside Bernie Sanders’s 1988 10-day ‘honeymoon’ in the Soviet Union. Retrieved from https://www.washingtonpost.com/politics/inside-bernie-sanderss-1988-10-day-honeymoon-in-the-soviet-union/2019/05/02/db543e18-6a9c-11e9-a66d-a82d3f3d96d5_story.html.

Lintern, S. (2019, November 19). ‘Largest maternity scandal in NHS history’: Dozens of mothers and babies died on wards, leaked report reveals. Retrieved from https://www.independent.co.uk/news/health/shrewsbury-maternity-scandal/nhs-maternity-scandal-shrewsbury-telford-hospitals-mothers-babies-report-a9207176.html.

Peterson-Withorn, C. (2019, August 20). How Bernie Sanders, The Socialist Senator, Amassed A $2.5 Million Fortune. Retrieved from https://www.forbes.com/sites/chasewithorn/2019/04/12/how-bernie-sanders-the-socialist-senator-amassed-a-25-million-fortune/#2e81a55636bf.

Satter, D. (2017, November 6). 100 Years of Communism-and 100 Million Dead. Retrieved from https://www.wsj.com/articles/100-years-of-communismand-100-million-dead-1510011810.

Yasin, K. F. and K. (2019, March 12). Breast Cancer Survival: Statistics and Facts. Retrieved from https://www.healthline.com/health/breast-cancer/survival-facts-statistics#7.

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Kate Hill’s Feminist Fail

On October 27th, 2019, freshman Democratic representative #KatieHill announced she would be stepping down from her position in Congress amid allegations of a sexual affair with her male legislative director and the publication of nude photographs and other materials substantiating separate allegations of a sexual affair with one of her female Congressional staffers. In the age of #MeToo, we’ve constantly been lectured about how utterly unacceptable it is for employers to have sexual relationships with their subordinates, as the imbalance of power makes it impossible for the subordinates to consent. However, Katie Hill, and a slew of media outlets, are now attempting to make her the victim, the only crime here being the crime of revenge porn. But what is the lesson that we should be learning from Katie Hill, and is she really the victim here?

Hashtags: #Feminism #KatieHillResign

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Original Videos:

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Citations:

Abuse Defined. (n.d.). Retrieved from https://www.thehotline.org/is-this-abuse/abuse-defined/.

Garger, K. (2019, October 28). Katie Hill’s alleged male lover says their ‘lives are ruined’ following resignation. Retrieved from https://nypost.com/2019/10/27/katie-hills-alleged-male-lover-says-their-lives-are-ruined-following-resignation/.

Jurecic, Q. (2019, October 31). The Humiliation of Katie Hill Offers a Warning. Retrieved from https://www.theatlantic.com/ideas/archive/2019/10/katie-hill-and-many-victims-revenge-porn/601198/.

Laar, J. V. (2019, October 28). CA Rep. Katie Hill Allegedly Involved Female Staffer in 2-Yr ‘Throuple’ Relationship. Retrieved from https://www.redstate.com/jenvanlaar/2019/10/18/ca-rep.-katie-hill-allegedly-involved-female-staffer-2-yr-throuple-relationship.

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AOC’s Not So Just Society

Alexandria Ocasio-Cortez has made a video for NowThis News laying out her so called #JustSociety. As per the usual, the five bills and one resolution that #AOC has endorsed are a compilation of economic illiteracy and identity politics that will bankrupt the nation and lead to untold poverty.

Hashtags: #NowThis #Economics #Government #Socialism #Capitalism

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Citations:

OECD (2019), Poverty rate (indicator). doi: 10.1787/0fe1315d-en (Accessed on 19 October 2019). Retrieved from https://data.oecd.org/inequality/poverty-rate.htm

Guzman, G. (2019, September 26). U.S. Median Household Income Up in 2018 From 2017. Retrieved from https://www.census.gov/library/stories/2019/09/us-median-household-income-up-in-2018-from-2017.html.

Median Income by Country Population. (2019, October 1). Retrieved from http://worldpopulationreview.com/countries/median-income-by-country/

United States Population (LIVE). (n.d.). Retrieved from https://www.worldmeters.info/world-population/us-population/.

Poverty headcount ratio at $5.50 a day (2011 PPP) (% of population). (n.d.). Retrieved from https://data.worldbank.org/indicator/SI.POV.UMIC.

Hawkins, J. (2013, June 19). The 20 Greatest Quotes From Walter Williams. Retrieved from https://rightwingnews.com/john-hawkins/the-20-greatest-quotes-from-walter-williams/.

Agresti, J. D. (2019, August 26). The Poorest 20% of Americans Are Richer on Average Than Most Nations of Europe. Retrieved from https://www.justfacts.com/news_poorest_americans_richer_than_europe.asp.

Early, D. W., & Olsen, E. O. (1998). Rent control and homelessness. Regional Science and Urban Economics28(6), 797–816. doi: 10.1016/s0166-0462(98)00034-9

Sowell, T. (2014). Basic Economics. New York: Basic Books.

Hanson, V. D. (2002). Do We Want Mexifornia? Retrieved from https://www.city-journal.org/html/do-we-want-mexifornia-12236.html.

Roberts, J. M., & Olson, R. (2013, September 11). How Economic Freedom Promotes Better Health Care, Education, and Environmental Quality. Retrieved from https://www.heritage.org/international-economies/report/how-economic-freedom-promotes-better-health-care-education-and.

Economic Freedom Graphs: https://www.flickr.com/photos/shanedk/sets/72157646459874723/

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The Truth about Amazon’s “Our Positions” Paper

Recently, e-commerce giant #Amazon released a document titled “Our Positions,” in which they laid out the company’s official stances on public policy issues such as the federal #MinimumWage, #Immigration, and #DiversityandInclusion in the workplace. Unfortunately, while Amazon may claim that it advocates government regulations for the good of the people, careful analysis reveals that it is doing nothing more than advocating for regulatory capture to force its competition out of the market and grant itself a de facto state enforced monopoly. In this video, Nate the Voluntaryist, Nightshift10000, and myself analyze each policy point of Amazon’s paper and show this to be so.

This discussion was part of my second monthly patrons’ hangout for the month of October 2019.

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https://www.aboutamazon.com/our-company/our-positions

Hashtags: #ClimateChange #LGBTQRights #Equality #EnergyTransition #TechnologyUpdates #Privacy #Taxes

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