Thu, 10 August 2017
I know that most of you listening to the show today will be against subsidies but do you understand why?
It's one thing to say "taxation is theft" and then support that statement with an understanding that stolen money shouldn't be appropriated as a form of corporate welfare.
But do you really understand WHY we shouldn't prop up a company, market or industry? Do you know what happens in the economy when you do?
That's what I want to talk about today. We've got a great example in the news that illustrates the problem perfectly.
Also, I got a chuckle out of Walmarts latest attempt to combat Amazon. I'll tell you about it at the top of the show.
Wed, 9 August 2017
It's always a pleasure to have Austin in the studio. If you don't know, Austin is a former candidate for President on the Libertarian ticket who's now switched parties and running for Senate in Missouri against incumbent Claire McCaskill.
I invited Austin in to talk about his run. Having switched parties, I was interested to know if his hardcore libertarian principles still guided his opinions on foreign policy, the Republican Party and the role of government.
Listen to our conversation, and if you want to support Austin you can go here: https://action.austinpetersen.com/
Tue, 8 August 2017
Over the last couple of months, we've been following the North Korea situation closely.
Despite what you may have heard, the likelihood that North Korea could hit a U.S. mainland target is slim.
What I said several weeks ago was to look for a significant escalation in news stories talking about the imminent threat from North Korea. If the government wants a war, they'll start by using the media to exaggerate the threat North Korea poses.
Today we see signs they are doing just that.
Not only is the media now claiming NK can hit the U.S. mainland they are also claiming the country has "miniaturized" it's nuclear arsenal.
If true, it means the NorthKoreans could put a nuke on those ICBM's they claim can hit the U.S.
Republicans are already responding by demanding more money for missile defense.
Yesterday I said Trump needs a war. He might have found one.
Mon, 7 August 2017
If Obama had tried anything like this, the conservative community would have gone into convulsions.
Last weekend former CNN pundit Kayleigh McEnany posted a broadcast from "Trump Tower" on the presidents Facebook page.
The show resembled a legitimate news broadcast and claimed to be the "real" news.
What was it? Pure propaganda. It would appear the president is no longer satisfied with the coverage he's been getting and has decided to do it himself.
Is this a one off broadcast or is this a new era in political communication in America?
In my mind, it doesn't matter. It's dangerous. The president has wondered into dictator territory, and we should all be concerned.
Apparently, government imposed regulation has increased the price of hearing aids ten fold!
Those aren't my figures those are Warrens numbers.
Give them long enough and even the most ardent supporters of government regulation have to admit they've gone too far.
Mon, 24 July 2017
Apparently, the Dems think they lost the election because Americans didn't know what they stand for so, according to Chuck Schumer, they've rolled out a NEW, BRAVE and BOLD plan to win back blue collar workers.
What is this plan you ask? In short, new infrastructure spending, a raise to the minimum wage along with paid maternity leave and child care.
If you think that sounds a lot like Roosevelts "New Deal" it's because it is. This is the same platform Democrats have run on for decades. It's not new, brave or bold. Its a retread of old ideas.
Fri, 21 July 2017
Thu, 20 July 2017
Here's a question for you...
Why would the federal government pass a law to bail out a private pension program?
What business is it of the federal government (or any government) to involve itself in a private contract dispute?
Crazy as it might sound the feds, led by Bernie Sanders, is trying to pass the Keep Our Pension Promises Act which would provide a form of bailout to the Teamsters private Central States Pension Fund which currently pays out more than $3 for ever $1 it brings in.
It's a form government corruption, not at the hands of crony capitalists but by unions who made promises of fat pensions they could never hope to cover.
Lord, please say yes!
Can you imagine the hours of material a presidential run by Maxine would provide? She's a goldmine of political humor.
It's not impossible. She's headed to New Hampshire for a picknick to hobnob with the Democratic elites of Strafford County.
Here's me, crossing my fingers.
Wed, 19 July 2017
What happens when social security starts paying out more than it brings in? It's going to happen sooner than you think.
Right now social security is projected to be upside down in just five years.
In addition, the Disability Insurance trust fund will start paying out more than it brings in by 2028.
Those who advocate for bigger government, more spending and big promises need to look at the promises they've already made but can't hope to pay for and those of you who think government promises equal guarantees need to take a hard look at our current situation.
Three things are going to happen over the next twenty years.
1. Taxes are going up.
Don't fall victim to the lies our politicians tell us. It will cost you dearly down the road.
Tue, 18 July 2017
Repeal and replace is now finished and the Senate is having trouble mustering the votes just to bring a repeal bill up for debate.
At this point, it's safe to say the congress is incapable of functioning.
Some of you could not be happier, and under normal circumstances, I'd be right there with you. But a repeal of Obamacare and a rollback of regulation combined with tax reforms are things I'd like to see happen. The problem is, Republicans don't.
If you ever thought Republicans stand for your values of limited government and free markets the last few months should be a huge reality check.
Mon, 17 July 2017
If you want to know why someone would call for MORE regulation in their industry just follow the money.
Once a company has established itself in the space, controlling competition becomes a serious concern.
One of the easiest ways to prevent competition from entering the market is to petition the government to institute burdensome and expensive regulation.
The established company can afford to pay the cost associated with the regulation while the startup will struggle. It's an old game being masterfully played by Elon.