MCViewPoint

Opinion from a Libertarian ViewPoint

Posts Tagged ‘Central Planning’

EconomicPolicyJournal.com: New York City Restaurant Jobs Are Collapsing in the Face of a Higher Minimum Wage

Posted by M. C. on May 18, 2019

Some tend to tip less when they know wages are up. Oops!

Another central planning success story.

https://www.economicpolicyjournal.com/2019/05/new-york-city-restaurant-jobs-are.html

The New York City minimum wage has been exploding:

….and restaurant jobs in the city have crashed.

In addition to the general minimum wage of $15.00 for large employers,  restaurant employers are required to pay servers and bartenders who generally get a lower hourly base pay but substantial tips, $10 an hour, a 16 percent jump from the previous $8.65 per hour mandate.

Is it any wonder the jobs are disappearing, with restaurants running with less staff?

RW

Be seeing you

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EconomicPolicyJournal.com: Elizabeth Warren Goes Tax Crazy

Posted by M. C. on January 30, 2019

This is a remarkably aggressive tax proposal because of the annual nature of the tax and would severely reduce the wealth of those taxed in just a decade. It would destroy over 2.75 trillion dollars in capital investment in just 10 years, according to Warren’s own numbers. And would put those funds into the bureaucratic government machine that wastes money as all central planning money does.

http://www.economicpolicyjournal.com/2019/01/elizabeth-warren-goes-tax-crazy.html

RW 

Sen. Elizabeth Warren, D-Mass., has just proposed an annual “wealth tax” on the richest Americans.

Note well: This is not a tax on income. It is a tax on the wealth rich Americans have. This is big.

The new tax proposal from Warren, who recently announced her bid to challenge President Donald Trump in 2020, would apply to Americans with more than $50 million in assets.

It would be a tax of 2% per year on the wealth of anyone who’s wealth falls between $50 million and $1 billion. For those with wealth over a $1 billion, the tax would be 3%.

This is a remarkably aggressive tax proposal because of the annual nature of the tax and would severely reduce the wealth of those taxed in just a decade. It would destroy over 2.75 trillion dollars in capital investment in just 10 years, according to Warren’s own numbers. And would put those funds into the bureaucratic government machine that wastes money as all central planning money does…

Be seeing you

Faux

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Watch: Six Years Ago Obama Promised to Buy a Chevy Volt. Now It Is Dead

Posted by M. C. on November 27, 2018

Dead as the Volt battery supplier in which Obama sunk hundreds of your million$.

Central Planning.

Proving once again that it does not work.

https://www.breitbart.com/economy/2018/11/26/watch-six-years-ago-obama-promised-to-buy-a-chevy-volt-now-it-is-dead/

by John Carney

“I got to get inside a brand-new Chevy Volt fresh off the line,” Obama announced to a cheering crowd of United Auto Workers activists. “Even though Secret Service wouldn’t let me drive it. But I liked sitting in it. It was nice. I’ll bet it drives real good. And five years from now when I’m not president anymore, I’ll buy one and drive it myself.”

Now it looks like Obama will not get his chance to make good on the promise. General Motors announced Monday that it would cease production of the hybrid electric plug-in Volt and its gas-powered sister car the Cruze. The announcement came as part of a larger restructuring by the car company as it seeks to focus production around the bigger vehicles in favor with U.S. consumers.

The Volt and the Cruze were two of the signature achievements of the partnership between the Obama administration and General Motors following the auto-industry bailout. Although the Volt was long-planned by GM executives, it received a lot of support from the administration. Obama described the Cruze as “the car of the future.”… Read the rest of this entry »

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Hitler’s Economics – LewRockwell

Posted by M. C. on October 29, 2018

Perhaps the worst part of these policies is that they are inconceivable without a leviathan state, exactly as Keynes said. A government big enough and powerful enough to manipulate aggregate demand is big and powerful enough to violate people’s civil liberties and attack their rights in every other way.

https://www.lewrockwell.com/2018/10/lew-rockwell/hitlers-economics/

By 

[Originally published August 02, 2003.]

For today’s generation, Hitler is the most hated man in history, and his regime the archetype of political evil. This view does not extend to his economic policies, however. Far from it. They are embraced by governments all around the world. The Glenview State Bank of Chicago, for example, recently praised Hitler’s economics in its monthly newsletter. In doing so, the bank discovered the hazards of praising Keynesian policies in the wrong context.

The issue of the newsletter (July 2003) is not online, but the content can be discerned via the letter of protest from the Anti-Defamation League. “Regardless of the economic arguments” the letter said, “Hitler’s economic policies cannot be divorced from his great policies of virulent anti-Semitism, racism and genocide.… Analyzing his actions through any other lens severely misses the point.”

The same could be said about all forms of central planning. It is wrong to attempt to examine the economic policies of any leviathan state apart from the political violence that characterizes all central planning, whether in Germany, the Soviet Union, or the United States. The controversy highlights the ways in which the connection between violence and central planning is still not understood, not even by the ADL. The tendency of economists to admire Hitler’s economic program is a case in point. Read the rest of this entry »

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To Save Humanity, Stop Caring About So Many Problems | The Daily Bell

Posted by M. C. on October 14, 2018

https://www.thedailybell.com/all-articles/news-analysis/to-save-humanity-stop-caring-about-so-many-problems/

Why does it suck to be around someone who is always complaining?

Because they are “centralizing” their problems to the group.

We all get annoyed by things. But when people broadcast what annoys them, they force everyone around them to share in their annoyance.

So then, not only do we feel annoyed by whatever naturally irks us, but we also are forced to feel annoyed by the other person’s complaints.

By sharing their complaint with others, they have increased the overall annoyance of the group.

Instead of being annoyed for five minutes by my own problems, I am annoyed for ten minutes. Five minutes by the complaints I keep in my head, and five minutes by their complaints they force into my ears.

There are a lot of problems in the world. You can’t care about all of them.

And if you try, you will probably feel overwhelmed, depressed, and powerless.

Yet we rely on big centralized institutions like national media, national politics, and national monetary policy.

This produces the same result as our complaining acquaintances.

They force problems on all of us that really shouldn’t affect 320 million Americans from coast to coast. Read the rest of this entry »

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EconomicPolicyJournal.com: A Call At Harvard For a Socialist Future

Posted by M. C. on October 4, 2018

It can be expensive turning your child into the next Marx.

http://www.economicpolicyjournal.com/2018/10/a-call-at-harvard-for-socialist-future.html#more

Henry N. Brooks ’19 writes in the Harvard Crimson:

I’ve been seeing signs outside Canaday, Sever, and the Science Center advertising a “socialist future,” and I have to say I’m not entirely opposed — provided we’re talking about the same socialism.


OOh my, they obviously don’t teach at Harvard that central planning is a problem in any sector or at any level, federal, state or local.

What this means is that Brooks does not get the fundamental problem with central planning is that it suffocates an economy at whichever level it is practiced.

Hayek’s observation of central planning as a fatal conceit does not stop at the federal level nor does it stop if it is based on “direct democracy.”

I wonder if he wants the internet centrally planned at the local level.

RW

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The Most Ridiculous Argument Ever – LewRockwell

Posted by M. C. on September 26, 2018

It is in fact protectionists who are Marxists.

https://www.lewrockwell.com/2018/09/laurence-m-vance/the-most-ridiculous-argument-ever-against-free-trade/

By 

In the age of Trump’s protectionism, economic nationalism, and ignorance and incoherence on trade, some conservatives have begun to go beyond legitimate criticisms of government-managed trade agreements and the World Trade Organization (WTO) and attack free trade itself.

The most ridiculous of their arguments against free trade is a classic guilt by association argument: Karl Marx believed in free trade. This is the most ridiculous argument ever against free trade.

Marx said he favored free trade because “it breaks up old nationalities and carries antagonism of proletariat and bourgeoisie to the uttermost point.” But “certainly it would be unfair to tar the bulk of free-traders with Marxism.” Then why do it? Did Marx favor free trade because he was a capitalist? Did Marx favor free trade because he was a libertarian? Did Marx favor free trade because he believed in the free market? Did Marx favor free trade because he was a disciple of Adam Smith and David Ricardo? Did Marx favor free trade because he believed in free enterprise? Did Marx favor free trade because he believed in freedom? Did Marx favor free trade because he was opposed to government intervention in the economy? Did Marx favor free trade because he believed in the benefits of competition?

Of course not… Read the rest of this entry »

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The Ron Paul Institute for Peace and Prosperity : Attack Venezuela? Trump Can’t be Serious!

Posted by M. C. on August 15, 2017

The CIA, again, still.

http://ronpaulinstitute.org/archives/featured-articles/2017/august/14/attack-venezuela-trump-cant-be-serious/

The current unrest in Venezuela is related to the economic shortcomings of that country’s centrally-planned economy. The 20th century has shown us very clearly that state control over an economy leads to mismanagement, mal-investment, massive shortages, and finally economic collapse. That is why those of us who advocate free market economics constantly warn that US government intervention in our own economy is leading us toward a similar financial crisis.


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Janet Yellen – Fed Central Planner

Posted by M. C. on September 19, 2015

The hallmark of free market theory is that no one person or group (central planners) can decide how to allocate resources. Only the actions of consumers can put a value on any given resource. Resources, finished products even the dollar can only have its value determined by aggregate demand. The opposite of this is central planning. The most glaring example of central planning was the Soviet Union. Read the rest of this entry »

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