No Matter the Form, Easy Money Is Still a Fraud

by Bunker | Posted on November 11, 2024November 12, 2024

Source: Mises.org | VIEW ORIGINAL POST ==>

Contra Marx, the laws of economics are immutable and are the same no matter what historical epoch exists. Economies cannot flourish unless market prices, private property rights, and profits and losses are unhampered.

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The man known as Bunker is Patriosity's Senior Editor in charge of content curation, conspiracy validation, repudiation of all things "woke", armed security, general housekeeping, and wine cellar maintenance.

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Financial Watchdog Warns of Structural Budget Problems
November 23, 2024
Years of deficits are a sign of a structurally sick Victorian budget and long-term plans to fix it are reactive, the state’s financial watchdog has warned. Auditor-General Andrew Greaves has sounded the alarm about “structural issues” in his 2023/24 annual financial report into the state after the government sector posted another operating loss of $4.2 billion (US$2.7 billion). It was the eighth consecutive year the Victorian Labor government spent more money than it raised, with a fiscal cash deficit of $14.4 billion (US$9.3 billion). The result pushed total losses to $48 billion (US$31.1 billion) in the past five years, $31.5 billion (US$20.4 billion) of which the government blamed on its response to the COVID-19 pandemic and $16.5 billion (US$10.7 billion) on providing public services. But Greaves signalled the repeated outcome was symptomatic of bigger and broader problems. “Ongoing operating losses and fiscal cash deficits are indicators of structural issues with underlying revenue and expenditure policy settings that create risks to financial sustainability,” the report tabled in parliament on Nov. 22 said. […]
You’ll Never Guess What Collapsed the Same Day as the German Government – HotAir
November 23, 2024
German coalition government may not survive the night. From trusted sources in Berlin. Fallout from election of Trump, who asking other things is Germany’s most famous energy critic. Here is the chance needed to save Germany’s nuclear plants. — Mark Nelson (@energybants) November 6, 2024 THE WIND DIED ALONG WITH THE GOVERNMENT COALITION And the cold weather came in just as it did. Part of the reason the government fractured? Ruinous green energy policies which exploded the price of electricity thanks to transitioning to unreliable renewables. …The Greens are woke on steroids. Some years ago, their parliamentarians even floated the idea of legalizing pedophilia and incest. They have not met a progressive idea they do not like. Hence, they enjoy the support of garden variety radicals at universities and the youth vote. The Greens support anything from deindustrialization and de-carbonization to transgenderism and abortion on demand. They embrace the inefficient pipe dream of “clean” energy — solar and wind in particular. On the other hand, they of course hate nuclear power that could save shivering Germans from Europe’s frigidity and high energy… Read the full article here […]
Guess Who Joe Biden Just Awarded the Highest Civilian Honor To
November 23, 2024
President Joe Biden, a “devout” Catholic, awarded the highest civilian honor a person can receive to a woman who has the blood of more than four million unborn babies on her hands. The former president of Planned Parenthood, Cecile Richards, was given the presidential medal of freedom for her “absolute courage” and “fearless[ness],” who Biden says has “carved an inspiring legacy.” Richards, the daughter of late Democrat Texas governor Ann Richards, spent 12 years working as Planned Parenthood’s chief; during that time, she was caught on an undercover video arranging payments for fetal tissue from aborted babies. However, the clinic has denied allegations that the video is accurate. After the video was made public, Richards defended her job, claiming, “Our donation programs—like any other high-quality health care providers—follow all laws and ethical guidelines.” Richards has “led some of our Nation’s most important civil rights causes — to lift up the dignity of workers, defend and advance women’s reproductive rights and equality, and mobilize Americans to exercise their power to vote,” Biden said on… Read the full article here […]
STRONG REACTION: Hungarian PM Rejects ICC, Invites Israeli PM Netanyahu | The Gateway Pundit
November 23, 2024
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Elon Musk Hints Of Purchasing Left-Leaning Network * 100PercentFedUp.com * by Danielle
November 23, 2024
Elon Musk hinted at the possibility of purchasing MSNBC, which faces plunging ratings and a network sell-off. The left-leaning network is panicking after Comcast announced it plans to spin off the channel into a separate publicly traded company, with the potential of changing its name. Musk responded to a post from Donald Trump Jr. suggesting he purchase the network. “Hey @elonmusk I have the funniest idea ever!!!” Trump Jr. wrote. “How much does it cost?” Musk asked. How much does it cost? — Elon Musk (@elonmusk) November 22, 2024 “The most entertaining outcome, especially if ironic, is most likely,” Musk said. The most entertaining outcome, especially if ironic, is most likely 😂 https://t.co/YX2EznXfoF — Elon Musk (@elonmusk) November 22, 2024 The Blaze reports: The reshuffling at Comcast led MSNBC to reportedly renegotiate a contract with “ratings Viagra” host Rachel Maddow and give her a pay cut of $5 million down from $30 million. Critics of Musk have accused him of influencing the election by allowing what they perceive as misinformation to flourish on Twitter, which he purchased and renamed X. While left-wing criticism led to an… Read the full article here […]
Worst Elon Musk Impersonator EVER – PJ Media
November 23, 2024
It’s time for your much-needed break from the serious news, and this week we have the world’s worst Elon Musk impersonator, how to get caught shoplifting without even trying, and Louisiana Man’s Ulta-mate mugshot. Let us begin as we always do with… Florida Man who said he was Elon Musk bilked elderly woman out of $250K Social media makes people stupid (I’ll have more on that below), but this case is stupid to at least $250,000 and maybe as much as $600,000. A 76-year-old Texas woman friended SpaceX/Tesla founder Elon Musk, the world’s richest man, on Facebook a few months ago. Over that time, he convinced her to invest in his business, promising a $55 million return. She dutifully transferred funds (police say $250,000, but Texas Husband says the amount actually totaled $600,000) into Musk’s painting and pressure-washing business, according to police. Here’s the rest of the story: Elon Musk does not own a painting and pressure-washing business, and that guy in the mugshot is not the richest man in the world. I never thought I’d have to tell people this, but here it goes: Elon Musk does not need your money and does not want to talk to you on social media. Believe me, I’ve… Read the full article here […]
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Shark Tank star Kevin O’Leary said on Friday on Fox News Channel’s “The Story” that President-elect Donald Trump would take on China with tariffs. O’Leary said, “I think what he’s being concerned about is the goods and services he imports from China. There is going to be tariffs on China that are very aggressive and that’s because we’re in a trade war with China, an economic war with them. The rest of the world is going to be just fine because we have reciprocal tariff agreements. We’ve already negotiated the Canadian and Mexican one and some European countries. We’re at a tilting point, a crossing point with China. And I think Trump is going to take them on as he started to. Remember, Biden didn’t remove the Chinese tariffs. China needs to be dealt with. They are not playing fair. We’re not getting access to their markets. And this is going to be temporary. They’re not sales taxes in perpetuity. They’re not inflationary in perpetuity. You basically raise them very high so the Supreme Leader gets worried about his job. If people start getting unemployed because we’ve not given them access to their markets and tariffs, his head gets… Read the full article here […]
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