Category Archives: Free Markets

Open Borders & GDP: Relying On One Statist Scam (GDP) To Promote Another

Debt, Economy, Free Markets, Government, IMMIGRATION, libertarianism, Paleolibertarianism

Ilya Somin, Professor of Law at George Mason University, states that “free migration throughout the world could potentially double world gross domestic product.”

Relying on the GDP measure to motivate for open borders is typical of the arguments made by lite libertarians.

The GDP measure is itself a state-driven metric. Official GDP numbers are deceptive because they chart—and include—the growth of government debt. In order to come to grips with America’s real economic prognosis, you must tease apart modest economic growth from the monstrous accretion of public debt.

“The GDP is a political construct, defined, tracked and manipulated by the D.C. political machine. GDP statistically conflates the growth of debt with economic growth.”

In a word, the good and surely sincere professor is relying on one statist scam, GDP, to promote another, centrally planned mass immigration.

Besides, a country is more than an economy.

TRUMP News Round-Up (March 26 – April 5)

Donald Trump, Economy, Foreign Policy, Free Markets, Gender, Healthcare, IMMIGRATION, Labor, Multiculturalism, Russia

As Steve Bannon Goes, So Goes the Promise of …

Is the foreign policy promised on the way out: America First?

Surveillance:

Ivanka milking the equal-pay nonsense:

Let’s have more of Melania, less of busybody Ivanka:

Yes to Dana Rohrabacher:

Job numbers are looking good, but not to our mad-hatter media:

No wonder DC dislikes Putin; he likes Russia just the way she is:

ForeignAffairs.com is getting religion on immigration restriction.

Julian Assange: They used him.

MICHAEL FLYNN: throwing him under the bus was probably WRONG, don’t you think?

Democrats in healthcare? Is this why we gave Trump the presidency and both chambers?

Robert Redford: The actor believes his own hype.

The best people are NOT in the Trump admin: Michele Bachmann, Phil Haney, Kris Kobach.

Ivanka’s office is way too close.

The CIA, America’s political police:

Leave Deep Space to the private sector:

Keeping bad company: Condoleezza Rice:

Supply and Demand is immutable, natural law, but … but …

Freedom Caucus: Thanks!

Equal-Pay Idiocy Refuted

Economy, Free Markets, Gender, Labor, Logic, Reason

The logic is as simple as it is foolproof. An “air-tight free-market argument,” as I explained: “If women with the same skills as men were getting only 78 cents for every dollar a man earns, men as a group would have long-since priced themselves out of the market. That entrepreneurs don’t ditch men en masse for women suggests that different abilities and experience are at work, rather than a conspiracy to suppress women.”  (“The Week of Whining Womin”)

The logic is not, however, female proof.

Ridiculous:

 

Trump Changing Corporate Culture; Media Start Loving On Free-Market Capitalism

Business, Capitalism, Donald Trump, Free Markets, Left-Liberalism, Media, Trade

The exuberant, America-First patriotism of President-elect Donald Trump is likely causing a chain reaction of sorts. Despite the gush and tosh from the deranged media, Trump has done nothing to pressure corporations to remain in the US—nothing but reiterate his campaign promises. But a powerful persona’s mindset is infectious, especially when coupled with the promise of a better economic climate. Trump is changing corporate hearts and minds about investing in America and its people. In order to frame this good thing as bad, the media have suddenly discovered a love of free-market capitalism. By triggering a change in corporate culture; Trump has the media louts decrying his assault on capitalism and his fostering of crony capitalism.

LOL: Free-market capitalism has been an “unknown ideal” in the US for a long time.

Via CNN:

Ford is canceling plans to build a new plant in Mexico. It will invest $700 million in Michigan instead, creating 700 new U.S. jobs.

Ford (F) CEO Mark Fields said the investment is a “vote of confidence” in the pro-business environment being created by Donald Trump. However, he stressed Ford did not do any sort of special deal with the president-elect.

“We didn’t cut a deal with Trump. We did it for our business,” Fields told CNN’s Poppy Harlow in an exclusive interview Tuesday.
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The $700 million investment will go to the Flat Rock, Michigan plant to produce more electric and self-driving cars. Ford believes electrified vehicles will outsell gas-powered vehicles within the next 15 years.

Ford is planning to roll out seven new electric vehicles in the next five years, including a Mustang Hybrid.

This is a major U-turn for Ford. Trump repeatedly slammed Ford on the campaign trail for shipping U.S. jobs to Mexico (a claim the company said was wrong). The president-elect has kept up the pressure. Just hours before the Ford announcement, Trump criticized GM (GM) for producing cars in Mexico. All of the big car manufacturers currently have some production in Mexico. …

… MORE.