About This Blog

Ludwig von Mises (1881-1973) was the greatest economist of my time. His greatest works can be accessed here at no charge.

Mises believed that property, freedom and peace are and should be the hallmarks of a satisfying and prosperous society. I agree. Mises proved beyond a shadow of a doubt that the prospect for general and individual prosperity is maximized, indeed, is only possible, if the principle of private property reigns supreme. What's yours is yours. What's mine is mine. When the line between yours and mine is smudged, the door to conflict opens. Without freedom (individual liberty of action) the principle of private property is neutered and the free market, which is the child of property and freedom and the mother of prosperity and satisfaction, cannot exist. Peace is the goal of a prosperous and satisfying society of free individuals, not peace which is purchased by submission to the enemies of property and freedom, but peace which results from the unyielding defense of these principles against all who challenge them.

In this blog I measure American society against the metrics of property, freedom and peace.

Thursday, March 15, 2012

More Hints Of Obama's Economic Illiteracy And Propensity To Demagogue

(All links via Weasel Zippers)

Obama: “Do Not Tell Me That We’re Not Drilling, We’re Drilling All Over This Country”

The money quote: "There are a few spots we’re not drilling. We’re not drilling in the national mall. We’re not drilling at your house." By "we're not drilling" Maximum Leader Obama means, of course, that private oil companies are not drilling. The US government doesn't drill for a drop of oil. The implication is that private oil companies are exploiting every known oil reserve in this country, which is a lie. Obama might also have said that that "we're not drilling" on public lands in Alaska or in areas of the Gulf of Mexico wherein significant oil reserves are known but where drilling is prohibited by the US government.

Not News: Obama Rips Republican Predecessor – News: 19th President Rutherford B. Hayes…

Maximum Leader criticizes Hayes for not seeing the potential of Alexander Graham Bell's newly invented telephone. Politico explains: "Obama was speaking about the need to be forward-thinking in developing new sources of American energy — and how "unnamed" Republicans running for a "certain office" had positioned themselves against alternative energy." Maximum Leader apparently can't distinguish between innovation demanded and supported by the free market and innovation subsidized by a dictatorial government with dollars coercively hijacked from the free market. Coincidentally, Rutherford B. Hayes presided over this nation when government was a small fraction of the size it is now, when the private market was vastly freer and when the nation experienced the greatest advancement in prosperity of individuals in its history. No, Mr. Maximum Leader, this was not mere coincidence.

New CBO Report: Obamacare May Cause 20 Million To Lose Coverage…

Am I wrong? Didn't Maximum Leader tell us during the ObamaCare debate that no one would lose coverage?
No, I guess I'm not mistaken. I'm mindful also of what another, political demagog said during the ObamaCare debate, Ms. Nancy Pelosi: Obama care means...
"a cap on your costs, but no cap on your benefit."
Sheer economic brilliance!

Obama Mocks Republicans As “Flat Earth Society” For Not Buying Into His Failed Green Energy Strategy…

Maximum Leader knows so much better than the rest of us freely acting by expressing our wishes by means of our dollars spent in the private market. The implication is not only are Republicans ignorant Luddites and troglodytes, but so is the American consumer, in short, you and I.  

Obama’s Solution To Soaring Gas Prices: “Set Up A Task Force To Look Into Speculation”…

Ah, that old chestnut! First it was disreputable and untrustworthy doctors who'd amputate a patient's foot rather than treat his diabetes because Medicare pays more for amputation than preventative care. Then it was the evil insurance companies who had to be kept honest by the creation of a "public health insurance option" in ObamaCare. Now it's the robber baron oil companies and commodity speculators that must be held in check by our oh so virtuous and honest Maximum Leader and company. How did we ever survive without his help?  

CBO: Obamacare Will Cost Taxpayers $1.76 Trillion Over 10 Years…

Oops. This is, as Zip tells us, "only $820 billion or 87% more than we were told when the law passed." Chalk it up to the price of economic ignorance and demagoguery.

Obamanomics: Government On Pace For First $1 Trillion Yearly Deficit…

Oops again. Well, it costs scads and scads of borrowed money to "fix" the mess created by that pesky law of supply and demand working in the free market. I'm sure things will work out better for our children now that Maximum Leader has bitten the bullet and saved us from our own free market foolishness.

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