“Project to Restore America” Newsletter and articlies about the coming huge recession.
Posted June 2, 2012on:
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Here are some very good articles from Project to Restore America that I thought you might want to read. I would especially point out the three articles :
|Warning: Three signs point to an extreme development in gold and crude oil|
|“The groundwork is being laid for major events… I would recommend protecting yourself accordingly…”
in light of what happened this past week. FOX BUSINESS NEWS had several guest commentators and economist this past Thursday and Friday who were adamant that a big fall into another recession (depression really!) is coming and coming very soon. These articles seem to echo what they were predicting.
The first article features is by John Stossel. John is a Libertarian and in many ways I lean in that direction because what he says just plain makes sense. He is on a tour promoting his newest book “No they Can’t” about the failure of government programs and on the tour is visiting many colleges and universities. I was gratified to see that several colleges are actually using Stossel’s TV broadcast in teaching economic truths. Unfortunately these are small colleges and universities with down to earth people and not the big liberal/progressive communist control schools we hear so much about. I went to one of these small down to earth colleges thank goodness, but when I began teaching i was swamped by those who had been indoctrinated. BB
Keeping Business Honest
By John Stossel
Friday, June 01, 2012
Instinctively, we look for people’s motives. We need to know whom we can trust and whom we can’t. We’re especially skeptical of business because we know business wants our money.
It took me too long to understand that business’s desire for profit is a good thing. To get our money, businesses — if they can’t look to the government for favors — need to give us what we want. Then they must make continuous improvements and do it better than the competition does.
That competition is enough to protect consumers. But that’s not intuitive. It’s intuitive to assume that competition isn’t really consumer protection and that experts at the FDA, FTC, DEA, FCC, CPSC, OSHA and so on must protect us. These experts consult “responsible” businessmen for advice on creating rules to make sure businesses meets minimum “standards.”
Unfortunately, this standardization stops innovation.
We are imprinted to be wary of newcomers, strangers. Newcomers by definition are less experienced. Maybe they’ll do something unsafe or dishonest! We don’t want government to stop them from doing business — we just want consumers protected! Governments claim to do that by licensing businesses.
People like the idea of licensing. We license drivers. We license dogs. It seems prudent. People naively think this government seal of approval makes us safer.
This naiveté is used to justify all sorts of rules that kill competition.
Las Vegas regulators require anyone who wants to start a limousine business to prove his new business is needed and, worse, will not “adversely affect other carriers.” But every new business intends to beat its competitors. That’s the point. Competition is good for us. Las Vegas’ anticompetitive licensing rules mean limo customers pay more.
In Nashville, Tenn., regulators ruled it illegal for a limo to charge less than $45 a ride. One entrepreneur had won customers by charging half that, but the new regulations mean the established car service businesses no longer have to worry about him.
Perhaps Nashville’s and Vegas’ regulators really believe “this is an area where the free market doesn’t work,” as the manager of the Nevada Transportation Services Authority put it. But it’s fishy that charging big fees for licenses just happens to be a very effective shakedown operation.
Vegas cab and limousine businesses give “substantial” donations to Vegas-area political candidates, according to the Las Vegas Sun.
Our big government has justified its existence (at least since the Progressive Era) by claiming it is a “countervailing influence” to corporate power — when it is, in fact, incestuously entwined with corporations.
The list of business activities that government insists on licensing, supposedly for our sake, includes hair braiders in Mississippi, wooden-casket makers and florists in Louisiana and even yoga instructors in Virginia.
Established businesses always try to use government to handcuff competition. When margarine was first developed, the dairy industry got Wisconsin legislators to pass a law making margarine illegal. Several states ruled that margarine was “deceptive,” since it might be mistaken for butter. Some required a bright pink dye be added to make margarine look different. An “oleomargarine bootlegger” was thrown in the U.S. Penitentiary at Leavenworth.
When supermarkets were invented, small grocers tried to ban them. “A&P will dominate the grocery business and destroy Main Street,” the grocers claimed. Minnesota legislators responded by passing a law that forbade supermarkets to put food “on sale.”
Established capitalists are often capitalism’s biggest enemies.
I used to believe that licensing doctors and lawyers protected consumers, but now I realize that licensing is always an expensive restraint of trade. It certainly hasn’t barred quacks and shysters.
Licensing is unnecessary. It creates a false sense of security, raises costs, stifles innovation and takes away consumer choice.
The irony is, these readers were using a strategy that doesn’t require you to buy a single stock, bond, or option upfront to make this money. How is this possible?
Click here for details.
I don’t deny that there is fraud in business. I won Emmys for exposing it. Fraud is one of three crimes that must be policed and punished for the market to function (theft and physical assault are the others). Once that’s done, however, as long as there is open competition, honesty pretty much takes care of itself.
Free competition — the striving for a good reputation — protects consumers better than government ever will.
John Stossel is host of “Stossel” on the Fox Business Network. He’s the author of “Give Me a Break” and of “Myth, Lies, and Downright Stupidity.” To find out more about John Stossel, visit his site at http://www.johnstossel.com. To read features by other Creators Syndicate writers and cartoonists, visit the Creators Syndicate Web page at www.creators.com.
COPYRIGHT 2012 BY JFS PRODUCTIONS, INC. DISTRIBUTED BY CREATORS.COM
Once again, thank you for sending us your e-mails. We can’t respond individually, but we read and consider all of them. Send your question, comment, or complaint firstname.lastname@example.org email@example.com.
One of the never mentioned aspects of taxing the rich or those who are more successful at earning money is that by doing so you relinquish the foundational principles of equality under the law and our Constitution. Why should one person who earns a large sum be treated any differently than one who earns little? They are each only one person. To use the lame brained argument of the left. Taxing one man/woman more than another is unfair. – Peter
Heffern comment: This is a good point. The numbers from the Census Bureau show taxing individuals not only undermines the principles outlined in the Constitution, but also creates an entitlement culture. For instance, according to the first-quarter 2011 Census Bureau figures (the most recent data available), nearly half of all Americans live in a household getting a government check. Fifteen percent of Americans live in a household on food stamps. Twenty six percent of households have someone enrolled in Medicaid, two percent have someone getting unemployment benefits, sixteen percent have someone receiving Social Security benefits, and fifteen percent have someone enrolled in Medicare.
[I] believe income taxes, even a flat 20%, are immoral. It is why property taxes are immoral. It creates a system where those who achieve and earn more essentially get punished for having done so. I realize government service is nebulous, and that many people believe we should help those less fortunate, but that is always an individual choice. If you hire an accountant, such as I, you will request a fee for service. That fee will be fairly close to the same fee for the same service that anyone else would try to negotiate for my services. That’s how the market works: Same thing at the grocery store where you pay the same amount for a loaf of bread as do I. Nobody cares how much you make. You and I the customers compete for those loaves of bread and pay a price commensurate with the store’s ability to supply the bread. – Jeff
Bidwell comment: Jeff, I understand your argument. However, according to the Constitution, the U.S. government is also supposed to provide infrastructure and national security. Mind you, national security should be more intelligence-focused than on creating bureaucratic departments like the Department for Homeland Security.
Our infrastructure needs to continue to evolve in these modern times, so I support some taxes even though none would be really nice. Consider a current situation… Americans for Prosperity is putting pressure on lawmakers in the form of a phone campaign to tell elected officials to oppose tax increases to pay for the new Silver Line. I agree there should be no tax increases for this train that would connect Washington, D.C. to Dulles International Airport, which is probably much-needed. However, if everyone kept 80% of their income, we should be able to invest in new trains like this. This demonstrates that our government uses Americans’ tax dollars to focus on initiatives outside what the government was intended to focus on while ignoring what it should handle.
Why Scott Rasmussen is optimistic the political class will surrender… By Wendy Bidwell Thursday, May 31, 2012 “I think the situation we’re in today was brought about because a political class pursued their own agenda. They ignored voters, they misled voters, they have understated the deficit.” — Scott Rasmussen Political Responsibility and the Public Loss of Confidence in the Government By Takashi Shiraishi Wednesday, May 30, 2012 The revolt of the regions and the formation of new national political groupings are important developments for Japanese politics. But they will not bring about an immediate restoration of popular confidence in the political system. The only way to restore confidence is for the government to produce results. Can we solve this with more freedom? By Penn Jillette Friday, May 25, 2012 It is important to “tell the truth as you see it.” What do I believe, what is in my heart? Only when you are open to new information are you able to then open other people’s eyes to the real issues. Oklahomans Embrace Income-Tax Cuts, Spending Cuts By Pat McFerron Thursday, May 24, 2012 Overall, a slight majority of Oklahomans favor a 10-year phaseout (51 percent favor vs. 30 percent oppose). Why Would an Obstetrician from Oklahoma Run for Senate? Tom Coburn Explains… By Wendy Bidwell Wednesday, May 23, 2012 John Adams warned that democracies never last long. There was never a democracy that did not commit suicide. So how do we cheat history so that we don’t go in the dustbin of history of other democracies as we wander away from this wonderful freedom we’ve been given? Or diminish it… And with that, diminish our opportunity.
Tuesday, May 29, 2012 Warning: Three signs point to an extreme development in gold and crude oil “The groundwork is being laid for major events… I would recommend protecting yourself accordingly…” Friday, May 25, 2012 MUST-READ: The biggest Federal Reserve “money printing” in history could be coming soon “The Fed has been playing a very, very dangerous game…” Thursday, May 31, 2012 Jim Rogers: Coming U.S. “fiscal cliff” is “very, very dire” “I assure you the economy is going to slow down and slow down a lot…” Thursday, May 31, 2012 DISGUSTING: This outrageous story on Greece and the euro crisis left us speechless You may want to sit down before reading… Wednesday, May 30, 2012 Gold could be on the verge of a “waterfall event” The next big move in gold could soon begin…